After costs, if the gap returns to its 7d average, $10k−$32
spread now+0.059%7d average+0.028%fees + slippage, in and out−$35spread needed0.347%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate META_USDT | 725.07 | 0 | get 0.0000% / 8h | 7h 44m | $372K | $3.6M | 100x |
| Short | Lighter META | 725.50 | 0.0032 | get 0.0004% / 1h | 44m 13s | $698K | $2.2M | 20x |
Gate META_USDT
Lighter 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
- $5.93
- Funding while held
- $0.96
- Slippage, 4 orders
- −$19.68
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$27.79
- Spread needed to break even
- 0.347%
Slippage from Gate: live order book, 5 min ago; Lighter: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0032%
- Per $10,000 a day
- +$0.96
- 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 Gate live order book, 5 min ago | 6.36 bp | 16.7 bp −$17 | 39.6 bp −$396 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.90 bp | 1.0 bp −$1 | 2.8 bp −$28 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.BloFin724.24cheapestOndo Perps724.33+0.012%Aftermath Perps724.53+0.039%ApeX Omni724.53+0.040%Phoenix724.63+0.054%Nado724.69+0.062%Hotstuff724.70+0.064%Paradex724.73+0.067%edgeX725.00+0.105%QFEX725.02+0.108%Arcus725.03+0.109%
BloFin
Ondo Perps
ApeX Omni
Phoenix
Nado
Hotstuff
Paradex
QFEX
ArcusGate725.07+0.115%
KuCoin725.20+0.133%Popdex725.31+0.148%Deribit725.36+0.155%Extended725.37+0.156%SoDEX725.39+0.159%Phemex725.42+0.163%Bybit725.43+0.164%Aevo725.43+0.165%Aster725.46+0.168%Bitget725.46+0.168%Polymarket Perps725.46+0.168%Coinbase International725.48+0.171%
KuCoin
Popdex
Deribit
Extended
SoDEX
Phemex
Bybit
Aevo
Aster
Bitget
Polymarket Perps
Coinbase InternationalLighter725.50+0.174%
Lighter RH725.51+0.175%Vest725.52+0.177%Binance725.53+0.178%tradeXYZ725.53+0.178%Orderly725.61+0.189%Injective725.65+0.195%SunX725.67+0.197%HTX725.73+0.206%OKX725.80+0.215%Variational Omni725.85+0.222%
Lighter RH
Vest
Binance
tradeXYZ
Orderly
Injective
SunX
HTX
OKX
Variational OmniMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.114% | −0.0120% | 8h | $324K | $561K | 20x | as long as short |
| Ondo Perps META-USD.P | −0.102% | +0.0050% | 1h | $847K | $2.7M | 10x | as long as short |
| Aftermath Perps METAUSD | −0.075% | +0.0230% | 1h | $43K | $47K | 10x | as long as short |
| ApeX Omni METAUSDT | −0.074% | +0.0100% | 1h | $133K | $56K | 50x | as long as short |
| Phoenix META | −0.061% | +0.0100% | 1h | $282K | $361K | 20x | as long as short |
| Nado META-PERP | −0.053% | +0.0016% | 1h | $393K | $121K | 20x | as long as short |
| Hotstuff META-PERP | −0.051% | +0.0104% | 1h | $32K | $105 | 20x | as long as short |
| Paradex META-USD-PERP | −0.047% | +0.0051% | 8h | — | — | 5x | as long as short |
| edgeX METAUSDC | −0.010% | +0.0879% | 4h | $61K | $325K | 10x | as long as short |
| QFEX META-USD | −0.007% | +0.0016% | 1h | $1.8M | $7.2M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Arcus META-USD | −0.006% | +0.0040% | 1h | $280K | $275K | 10x | as long as short |
| Gate META_USDTlong | 0.000% | 0.0000% | 8h | $372K | $3.6M | 100x | |
| KuCoin METAUSDTM | +0.018% | +0.0100% | 8h | $1.4M | $185K | 20x | as long as short |
| Popdex METAUSDT | +0.033% | +0.0048% | 1h | $173K | $160K | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.040% | 0.0000% | 1h | $28K | $259K | 10x | as long as short |
| Extended META_24_5-USD | +0.041% | 0.0000% | 1h | $521K | $1.4M | 17x | as long as short |
| SoDEX META-USD | +0.044% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Phemex METAUSDT | +0.048% | 0.0000% | 4h | $1.9M | $5K | 10x | as long as short |
| Bybit METAUSDT | +0.050% | 0.0000% | 8h | $7.6M | $8.6M | 100x | as long as short |
| Aevo META-PERP | +0.050% | +0.0104% | 1h | $261 | — | 10x | as long as short |
| Aster METAUSDT | +0.054% | 0.0000% | 8h | $446K | $94K | 20x | as long as short |
| Bitget METAUSDT | +0.054% | 0.0000% | 8h | $5.1M | $7.1M | 100x | as long as short |
| Polymarket Perps META-USD | +0.054% | +0.0050% | 1h | $659K | $470K | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.057% | +0.0040% | 1h | $701K | $5.5M | 10x | as long as short |
| Lighter METAshort | +0.059% | +0.0032% | 1h | $698K | $2.2M | 20x | |
| Lighter RH META | +0.061% | +0.0032% | 1h | $636K | $2.6M | 20x | as long as short |
| Vest META-USD-PERP | +0.062% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| Binance METAUSDT | +0.063% | 0.0000% | 8h | $25.6M | $107.0M | 20x | as long as short |
| tradeXYZ xyz:META | +0.063% | +0.0050% | 1h | $65.1M | $49.9M | 20x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.074% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Injective META/USDC PERP | +0.080% | +0.0220% | 1h | $165K | $135K | 30x | as long as short |
| SunX META-USDT | +0.083% | 0.0000% | 8h | $774 | $9.2M | 20x | as long as short |
| HTX META-USDT | +0.091% | 0.0000% | 8h | $103K | $269K | 30x | as long as short |
| OKX META-USDT-SWAP | +0.101% | 0.0000% | 8h | $5.8M | $9.4M | 20x | as long as short |
| Variational Omni META | +0.107% | 0.0000% | 8h | $1.3M | $2.1M | — | as long as short |