After costs, if the gap returns to its 7d average, $10k−$27
spread now+0.150%7d average+0.007%fees + slippage, in and out−$41spread needed0.413%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX METAUSDC | 728.32 | 0.0186 | pay 0.0093% / 4h | 2h 57m | $61K | $327K | 10x |
| Short | Bybit METAUSDT | 729.42 | 0 | get 0.0000% / 8h | 6h 57m | $7.5M | $9.0M | 100x |
Bybit METAUSDTPrice 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
- $15.04
- Funding while held
- −$5.57
- Slippage, 4 orders
- −$21.25
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$31.78
- Spread needed to break even
- 0.413%
Slippage from edgeX: live order book, 47 min ago; Bybit: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0186%
- Per $10,000 a day
- −$5.57
- 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 edgeX live order book, 47 min ago | 5.10 bp | 9.7 bp −$10 | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.24 bp | 10.5 bp −$11 | 16.3 bp −$163 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.BloFin728.21cheapestVariational Omni728.24+0.004%ApeX Omni728.43+0.030%Hotstuff728.67+0.063%Phoenix728.68+0.065%HTX728.82+0.084%Ondo Perps729.00+0.108%Aftermath Perps729.02+0.111%Aevo729.15+0.129%Deribit729.15+0.129%Orderly729.18+0.133%SoDEX729.18+0.133%Aster729.19+0.135%SunX729.19+0.135%KuCoin729.20+0.136%OKX729.22+0.139%Popdex729.23+0.140%Paradex729.23+0.140%QFEX729.24+0.141%Coinbase International729.24+0.141%Polymarket Perps729.29+0.148%Nado729.30+0.149%tradeXYZ729.35+0.157%Gate729.36+0.158%Extended729.37+0.159%Phemex729.37+0.159%Lighter729.39+0.162%Bitget729.39+0.162%Lighter RH729.42+0.166%
BloFin
Variational Omni
ApeX Omni
Hotstuff
Phoenix
HTX
Ondo Perps
Aevo
Deribit
Orderly
SoDEX
Aster
SunX
KuCoin
OKX
Popdex
Paradex
QFEX
Coinbase International
Polymarket Perps
Nado
tradeXYZ
Gate
Extended
Phemex
Lighter
Bitget
Lighter RHBybit729.42+0.166%
Arcus729.44+0.169%Binance729.53+0.181%Vest729.54+0.183%Injective730.16+0.268%
Arcus
Binance
Vest
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.016% | −0.0120% | 8h | $325K | $622K | 20x | as long as short |
| Variational Omni META | −0.012% | 0.0000% | 8h | $1.4M | $2.1M | — | as long as short |
| edgeX METAUSDClong | 0.000% | +0.0186% | 4h | $61K | $327K | 10x | |
| ApeX Omni METAUSDT | +0.014% | +0.0100% | 1h | $134K | $56K | 50x | as long as short |
| Hotstuff META-PERP | +0.047% | +0.0048% | 1h | $33K | $105 | 20x | as long as short |
| Phoenix META | +0.049% | +0.0100% | 1h | $240K | $361K | 20x | as long as short |
| HTX META-USDT | +0.068% | 0.0000% | 8h | $103K | $270K | 30x | as long as short |
| Ondo Perps META-USD.P | +0.093% | +0.0050% | 1h | $801K | $3.0M | 10x | as long as short |
| Aftermath Perps METAUSD | +0.095% | +0.0274% | 1h | $43K | $47K | 10x | as long as short |
| Aevo META-PERP | +0.113% | +0.0104% | 1h | $262 | — | 10x | as long as short |