Spread before costs (cost unknown: a leg has no order-book sample)+0.089%
7d average—if it closes, per $10,000$9funding while held, a day+$8.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit META_USDC-PERPETUAL | 740.96 | 0 | get 0.0000% / 1h | 8m 19s | $28K | $266K | 10x |
| Short | Aftermath Perps METAUSD | 741.62 | 0.0284 | get 0.0035% / 1h | 8m 19s | $44K | $45K | 10x |
Deribit META_USDC-PERPETUALPrice 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
- $8.92
- Funding while held
- $8.51
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Net
- $1.43
- Spread needed to break even
- 0.160%
Slippage unknown: Deribit: live order book, 37 min ago; Aftermath Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0284%
- Per $10,000 a day
- +$8.51
- 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 Deribit live order book, 37 min ago | 3.81 bp | 7.3 bp −$7 | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell Aftermath Perps no order-book sample | — | — | — | — | — |
Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
META price on every exchange
against the cheapest. Click to use as the short leg.HTX740.72cheapestHotstuff740.73+0.001%BloFin740.78+0.008%Gate740.83+0.015%Nado740.91+0.025%
HTX
Hotstuff
BloFin
Gate
NadoDeribit740.96+0.032%
OKX740.97+0.034%SoDEX740.97+0.034%Bybit741.02+0.041%Ondo Perps741.03+0.042%tradeXYZ741.04+0.043%Binance741.08+0.048%Lighter RH741.08+0.049%Paradex741.10+0.052%Extended741.16+0.059%Aevo741.16+0.060%Aster741.17+0.060%KuCoin741.20+0.065%Bitget741.21+0.066%Lighter741.28+0.076%Polymarket Perps741.29+0.077%QFEX741.30+0.078%SunX741.31+0.080%Coinbase International741.31+0.080%Popdex741.33+0.082%Orderly741.33+0.082%Arcus741.35+0.085%Phemex741.65+0.126%Vest741.70+0.132%Variational Omni742.37+0.222%edgeX742.47+0.237%ApeX Omni742.80+0.281%Injective742.83+0.285%Phoenix743.30+0.348%
OKX
SoDEX
Bybit
Ondo Perps
tradeXYZ
Binance
Lighter RH
Paradex
Extended
Aevo
Aster
KuCoin
Bitget
Lighter
Polymarket Perps
QFEX
SunX
Coinbase International
Popdex
Orderly
Arcus
Phemex
Vest
Variational Omni
ApeX Omni
Injective
PhoenixMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX META-USDT | −0.032% | 0.0000% | 8h | $105K | $280K | 30x | as long as short |
| Hotstuff META-PERP | −0.031% | −0.0056% | 1h | $33K | $105 | 20x | as long as short |
| BloFin META-USDT | −0.024% | +0.0012% | 8h | $330K | $912K | 20x | as long as short |
| Gate META_USDT | −0.018% | 0.0000% | 8h | $341K | $4.4M | 100x | as long as short |
| Nado META-PERP | −0.007% | +0.0002% | 1h | $392K | $173K | 20x | as long as short |
| Deribit META_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $28K | $266K | 10x | |
| OKX META-USDT-SWAP | +0.001% | 0.0000% | 8h | $6.0M | $10.8M | 20x | as long as short |
| SoDEX META-USD | +0.001% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Bybit METAUSDT | +0.008% | 0.0000% | 8h | $7.8M | $10.2M | 100x | as long as short |
| Ondo Perps META-USD.P | +0.009% | +0.0050% | 1h | $740K | $3.2M | 10x | as long as short |