Spread before costs (cost unknown: a leg has no order-book sample)−0.246%
7d average+0.106%if it closes, per $10,000$25funding while held, a day−$1.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International META-PERP-INTX | 724.95 | 0.0040 | pay 0.0005% / 1h | 46m 27s | $693K | $5.4M | 10x |
| Short | Variational Omni META | 723.17 | 0 | get 0.0000% / 8h | 7h 46m | $1.3M | $2.1M | — |
Coinbase International META-PERP-INTX
Variational Omni METAPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$24.6
- Funding while held
- −$1.2
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$35.8
- Spread needed to break even
- 0.100%
Slippage unknown: Coinbase International: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0040%
- Per $10,000 a day
- −$1.20
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Coinbase International live order book, 4 min ago | 2.28 bp | 7.8 bp −$8 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 3.62 bp | doesn't fit | 11.4 bp −$114 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps722.73cheapest
Ondo PerpsVariational Omni723.17+0.060%
edgeX723.31+0.080%ApeX Omni723.45+0.100%Nado723.69+0.133%Aftermath Perps724.05+0.182%Arcus724.35+0.224%Aevo724.61+0.260%Phoenix724.63+0.263%Aster724.79+0.285%Phemex724.89+0.299%Orderly724.90+0.300%
ApeX Omni
Nado
Arcus
Aevo
Phoenix
Aster
Phemex
OrderlyCoinbase International724.95+0.307%
HTX725.02+0.317%Hotstuff725.04+0.320%SoDEX725.19+0.340%Deribit725.20+0.342%Gate725.26+0.350%KuCoin725.35+0.363%BloFin725.38+0.367%Bybit725.47+0.379%QFEX725.49+0.382%Binance725.56+0.392%OKX725.59+0.396%Extended725.60+0.397%Popdex725.61+0.398%SunX725.61+0.398%Bitget725.65+0.404%Injective725.65+0.404%Lighter RH725.68+0.408%Paradex725.69+0.409%Lighter725.71+0.412%tradeXYZ725.76+0.419%Vest725.82+0.428%Polymarket Perps725.91+0.440%
HTX
Hotstuff
SoDEX
Deribit
Gate
KuCoin
BloFin
Bybit
QFEX
Binance
OKX
Extended
Popdex
SunX
Bitget
Injective
Lighter RH
Paradex
Lighter
tradeXYZ
Vest
Polymarket PerpsMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps META-USD.P | −0.306% | +0.0050% | 1h | $847K | $2.7M | 10x | as long as short |
| Variational Omni METAshort | −0.246% | 0.0000% | 8h | $1.3M | $2.1M | — | |
| edgeX METAUSDC | −0.226% | +0.0308% | 4h | $61K | $325K | 10x | as long as short |
| ApeX Omni METAUSDT | −0.207% | +0.0100% | 1h | $133K | $56K | 50x | as long as short |
| Nado META-PERP | −0.173% | +0.0021% | 1h | $392K | $120K | 20x | as long as short |
| Aftermath Perps METAUSD | −0.124% | +0.0228% | 1h | $43K | $47K | 10x | as long as short |
| Arcus META-USD | −0.083% | +0.0040% | 1h | $280K | $275K | 10x | as long as short |
| Aevo META-PERP | −0.047% | +0.0104% | 1h | $261 | — | 10x | as long as short |
| Phoenix META | −0.044% | +0.0100% | 1h | $282K | $361K | 20x | as long as short |
| Aster METAUSDT | −0.022% | 0.0000% | 8h | $446K | $89K | 20x | as long as short |