Spread before costs (cost unknown: a leg has no order-book sample)−0.029%
7d average—if it closes, per $10,000$3funding while held, a day+$2.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff META-PERP | 741.47 | −0.0072 | get 0.0009% / 1h | 6m 28s | $33K | $105 | 20x |
| Short | Extended META_24_5-USD | 741.25 | 0 | get 0.0000% / 1h | 6m 28s | $552K | $1.4M | 17x |
Hotstuff META-PERP
Extended META_24_5-USDPrice 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
- −$2.92
- Funding while held
- $2.16
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$10.76
- Spread needed to break even
- 0.100%
Slippage unknown: Hotstuff: no order-book sample; Extended: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0072%
- Per $10,000 a day
- +$2.16
- 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 Extended live order book, 3 min ago | 0.54 bp | 5.5 bp −$6 | 33.6 bp −$336 | 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.Gate740.58cheapestNado740.84+0.036%ApeX Omni740.90+0.043%Popdex740.94+0.049%Ondo Perps740.95+0.050%Binance740.96+0.051%KuCoin740.96+0.051%Phoenix740.96+0.051%tradeXYZ740.97+0.053%QFEX741.00+0.057%Bitget741.01+0.058%Polymarket Perps741.02+0.059%OKX741.07+0.066%Bybit741.10+0.070%Aster741.15+0.076%Paradex741.17+0.080%edgeX741.23+0.088%
Gate
Nado
ApeX Omni
Popdex
Ondo Perps
Binance
KuCoin
Phoenix
tradeXYZ
QFEX
Bitget
Polymarket Perps
OKX
Bybit
Aster
ParadexExtended741.25+0.091%
Arcus741.27+0.093%Lighter RH741.46+0.119%
Arcus
Lighter RHHotstuff741.47+0.120%
HTX741.47+0.120%SoDEX741.48+0.122%Coinbase International741.52+0.127%Aevo741.58+0.135%BloFin741.60+0.138%Deribit741.61+0.139%Aftermath Perps741.63+0.141%Lighter741.64+0.143%Phemex741.66+0.146%Orderly741.68+0.149%Vest741.77+0.161%SunX741.78+0.162%Variational Omni742.37+0.241%Injective743.22+0.356%
HTX
SoDEX
Coinbase International
Aevo
BloFin
Deribit
Lighter
Phemex
Orderly
Vest
SunX
Variational Omni
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate META_USDT | −0.120% | 0.0000% | 8h | $341K | $4.4M | 100x | as long as short |
| Nado META-PERP | −0.084% | +0.0002% | 1h | $392K | $173K | 20x | as long as short |
| ApeX Omni METAUSDT | −0.077% | +0.0100% | 1h | $166K | $72K | 50x | as long as short |
| Popdex METAUSDT | −0.071% | +0.0048% | 1h | $172K | $183K | 20x | as long as short |
| Ondo Perps META-USD.P | −0.070% | +0.0050% | 1h | $739K | $3.3M | 10x | as long as short |
| Binance METAUSDT | −0.069% | 0.0000% | 8h | $26.4M | $136.7M | 20x | as long as short |
| KuCoin METAUSDTM | −0.069% | +0.0100% | 8h | $1.6M | $260K | 20x | as long as short |
| Phoenix META | −0.069% | +0.0055% | 1h | $274K | $513K | 20x | as long as short |
| tradeXYZ xyz:META | −0.067% | +0.0050% | 1h | $69.3M | $68.3M | 20x | as long as short |
| QFEX META-USD | −0.063% | +0.0020% | 1h | $1.9M | $10.3M | 10x | as long as short |