Spread before costs (cost unknown: a leg has no order-book sample)−0.241%
7d average—if it closes, per $10,000$24funding while held, a day+$3.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff META-PERP | 712.80 | −0.0024 | get 0.0003% / 1h | 31m 05s | $32K | $105 | 20x |
| Short | Coinbase International META-PERP-INTX | 711.08 | 0.0080 | get 0.0010% / 1h | 31m 05s | $679K | $4.2M | 10x |
Hotstuff META-PERP
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
- −$24.13
- Funding while held
- $3.12
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$36.01
- Spread needed to break even
- 0.150%
Slippage unknown: Hotstuff: no order-book sample; Coinbase International: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0104%
- Per $10,000 a day
- +$3.12
- 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 4 min ago | 2.53 bp | 7.5 bp −$8 | 11.9 bp −$119 | doesn't fit | doesn't fit |
Hotstuff: 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.KuCoin711.06cheapest
KuCoinCoinbase International711.08+0.003%
tradeXYZ711.14+0.011%Nado711.18+0.016%HTX711.22+0.023%QFEX711.26+0.028%Gate711.33+0.038%Orderly711.36+0.042%Deribit711.36+0.042%Extended711.37+0.044%Popdex711.39+0.046%Paradex711.45+0.054%Polymarket Perps711.46+0.056%Aevo711.48+0.060%OKX711.51+0.063%SoDEX711.52+0.065%Arcus711.53+0.066%Vest711.55+0.069%Lighter RH711.65+0.083%Bitget711.65+0.083%BloFin711.65+0.083%Lighter711.68+0.087%Bybit711.69+0.089%Binance711.79+0.102%Ondo Perps711.87+0.114%Phemex711.89+0.117%Aster712.08+0.143%SunX712.11+0.148%Aftermath Perps712.15+0.154%Phoenix712.51+0.204%Variational Omni712.60+0.217%edgeX712.63+0.220%
tradeXYZ
Nado
HTX
QFEX
Gate
Orderly
Deribit
Extended
Popdex
Paradex
Polymarket Perps
Aevo
OKX
SoDEX
Arcus
Vest
Lighter RH
Bitget
BloFin
Lighter
Bybit
Binance
Ondo Perps
Phemex
Aster
SunX
Phoenix
Variational OmniHotstuff712.80+0.245%
ApeX Omni712.89+0.257%Injective713.75+0.378%
ApeX Omni
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin METAUSDTM | −0.244% | +0.0100% | 8h | $1.5M | $120K | 20x | as long as short |
| Coinbase International META-PERP-INTXshort | −0.241% | +0.0080% | 1h | $679K | $4.2M | 10x | |
| tradeXYZ xyz:META | −0.233% | +0.0050% | 1h | $62.7M | $42.1M | 20x | as long as short |
| Nado META-PERP | −0.228% | +0.0034% | 1h | $441K | $69K | 20x | as long as short |
| HTX META-USDT | −0.222% | 0.0000% | 8h | $101K | $264K | 30x | as long as short |
| QFEX META-USD | −0.216% | +0.0033% | 1h | $1.8M | $5.2M | 10x | as long as short |
| Gate META_USDT | −0.206% | 0.0000% | 8h | $395K | $2.8M | 100x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.202% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.202% | 0.0000% | 1h | $29K | $244K | 10x | as long as short |
| Extended META_24_5-USD | −0.200% | +0.0016% | 1h | $509K | $1.3M | 17x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Popdex METAUSDT | −0.198% | +0.0048% | 1h | $164K | $147K | 20x | as long as short |
| Paradex META-USD-PERP | −0.190% | +0.0056% | 8h | — | — | 5x | as long as short |
| Polymarket Perps META-USD | −0.188% | +0.0050% | 1h | $647K | $465K | 10x | as long as short |
| Aevo META-PERP | −0.185% | +0.0104% | 1h | $256 | — | 10x | as long as short |
| OKX META-USDT-SWAP | −0.181% | 0.0000% | 8h | $6.1M | $6.6M | 20x | as long as short |
| SoDEX META-USD | −0.180% | +0.0050% | 1h | $23K | $3K | 10x | as long as short |
| Arcus META-USD | −0.178% | +0.0356% | 1h | $283K | $239K | 10x | as long as short |
| Vest META-USD-PERP | −0.175% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| Lighter RH META | −0.161% | +0.0032% | 1h | $754K | $2.3M | 20x | as long as short |
| Bitget METAUSDT | −0.161% | 0.0000% | 8h | $4.8M | $5.5M | 100x | as long as short |
| BloFin META-USDT | −0.161% | −0.0101% | 8h | $342K | $417K | 20x | as long as short |
| Lighter META | −0.157% | +0.0032% | 1h | $702K | $2.0M | 20x | as long as short |
| Bybit METAUSDT | −0.156% | +0.0016% | 8h | $6.6M | $6.5M | 100x | as long as short |
| Binance METAUSDT | −0.142% | +0.0019% | 8h | $25.7M | $76.3M | 20x | as long as short |
| Ondo Perps META-USD.P | −0.130% | +0.0050% | 1h | $918K | $2.2M | 10x | as long as short |
| Phemex METAUSDT | −0.128% | −0.0175% | 4h | $1.9M | $4K | 10x | as long as short |
| Aster METAUSDT | −0.101% | 0.0000% | 8h | $451K | $73K | 20x | as long as short |
| SunX META-USDT | −0.097% | 0.0000% | 8h | $898 | $6.4M | 20x | as long as short |
| Aftermath Perps METAUSD | −0.091% | +0.0262% | 1h | $43K | $48K | 10x | as long as short |
| Phoenix META | −0.041% | +0.0169% | 1h | $230K | $255K | 20x | as long as short |
| Variational Omni META | −0.028% | 0.0000% | 8h | $1.4M | $1.8M | — | as long as short |
| edgeX METAUSDC | −0.024% | +0.0732% | 4h | $60K | $324K | 10x | as long as short |
| Hotstuff META-PERPlong | 0.000% | −0.0024% | 1h | $32K | $105 | 20x | |
| ApeX Omni METAUSDT | +0.013% | +0.0100% | 1h | $111K | $46K | 50x | as long as short |
| Injective META/USDC PERP | +0.133% | +0.0147% | 1h | $162K | $164K | 30x | as long as short |