After costs, if the gap returns to its 7d average, $10k−$32
spread now−0.053%7d average−0.102%fees + slippage, in and out−$36spread needed0.365%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX METAUSDC | 745.11 | 0.0745 | pay 0.0372% / 4h | 1h 00m | $62K | $328K | 10x |
| Short | Coinbase International META-PERP-INTX | 744.72 | 0.0048 | get 0.0006% / 1h | 0m 26s | $648K | $6.5M | 10x |
Coinbase International META-PERP-INTXPrice 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
- −$5.28
- Funding while held
- −$20.91
- Slippage, 4 orders
- −$17.46
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$62.64
- Spread needed to break even
- 0.365%
Slippage from edgeX: live order book, 34 min ago; Coinbase International: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0697%
- Per $10,000 a day
- −$20.91
- 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, 34 min ago | 5.43 bp | 10.1 bp −$10 | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 2.68 bp | 8.7 bp −$9 | 11.0 bp −$110 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni744.32cheapestInjective744.57+0.034%
ApeX Omni
InjectiveCoinbase International744.72+0.054%
Phoenix745.23+0.122%Gate745.79+0.197%tradeXYZ745.93+0.216%OKX745.97+0.222%Ondo Perps746.10+0.239%QFEX746.11+0.240%KuCoin746.14+0.245%Polymarket Perps746.14+0.245%Popdex746.17+0.249%Bitget746.20+0.253%Bybit746.21+0.254%Arcus746.22+0.255%Binance746.23+0.257%Hotstuff746.27+0.262%Variational Omni746.29+0.265%HTX746.31+0.267%Aster746.31+0.268%Paradex746.38+0.277%Phemex746.42+0.282%Extended746.44+0.285%BloFin746.48+0.290%SoDEX746.53+0.297%Nado746.55+0.300%Aevo746.55+0.300%Lighter RH746.56+0.301%Orderly746.57+0.302%Aftermath Perps746.63+0.310%Deribit746.66+0.314%Lighter746.70+0.320%SunX746.92+0.349%Vest746.97+0.356%
Phoenix
Gate
tradeXYZ
OKX
Ondo Perps
QFEX
KuCoin
Polymarket Perps
Popdex
Bitget
Bybit
Arcus
Binance
Hotstuff
Variational Omni
HTX
Aster
Paradex
Phemex
Extended
BloFin
SoDEX
Nado
Aevo
Lighter RH
Orderly
Deribit
Lighter
SunX
VestMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni METAUSDT | −0.106% | +0.0100% | 1h | $167K | $71K | 50x | as long as short |
| Injective META/USDC PERP | −0.073% | +0.0220% | 1h | $169K | $76K | 30x | as long as short |
| Coinbase International META-PERP-INTXshort | −0.053% | +0.0048% | 1h | $648K | $6.5M | 10x | |
| edgeX METAUSDClong | 0.000% | +0.0745% | 4h | $62K | $328K | 10x | |
| Phoenix META | +0.016% | 0.0000% | 1h | $275K | $618K | 20x | as long as short |
| Gate META_USDT | +0.091% | 0.0000% | 8h | $360K | $4.8M | 100x | as long as short |
| tradeXYZ xyz:META | +0.110% | +0.0050% | 1h | $77.5M | $92.3M | 20x | as long as short |
| OKX META-USDT-SWAP | +0.115% | 0.0000% | 8h | $6.1M | $12.2M | 20x | as long as short |
| Ondo Perps META-USD.P | +0.132% | +0.0050% | 1h | $660K | $3.6M | 10x | as long as short |
| QFEX META-USD | +0.134% | +0.0026% | 1h | $2.2M | $12.5M | 10x | as long as short |