Spread before costs (cost unknown: a leg has no order-book sample)+0.090%
7d average—if it closes, per $10,000$9funding while held, a day−$5.76
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff META-PERP | 711.29 | 0.0192 | pay 0.0024% / 1h | 23m 12s | $32K | $105 | 20x |
| Short | HTX META-USDT | 711.93 | 0 | get 0.0000% / 8h | 1h 23m | $101K | $264K | 30x |
Hotstuff META-PERP
HTX META-USDTPrice 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
- $9
- Funding while held
- −$5.76
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$13.76
- Spread needed to break even
- 0.170%
Slippage unknown: Hotstuff: no order-book sample; HTX: live order book, 30 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0192%
- Per $10,000 a day
- −$5.76
- 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 HTX live order book, 30 min ago | 20.41 bp | 26.4 bp −$26 | doesn't fit | 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.Ondo Perps711.18cheapest
Ondo PerpsHotstuff711.29+0.015%
Arcus711.36+0.025%QFEX711.38+0.028%Paradex711.40+0.030%KuCoin711.40+0.031%tradeXYZ711.48+0.042%Coinbase International711.48+0.042%Nado711.56+0.053%Popdex711.63+0.063%ApeX Omni711.64+0.065%Extended711.68+0.071%Polymarket Perps711.69+0.072%Phoenix711.72+0.076%Vest711.75+0.080%Deribit711.78+0.084%OKX711.80+0.087%Gate711.80+0.087%SoDEX711.83+0.091%Aevo711.88+0.099%Orderly711.93+0.105%
Arcus
QFEX
Paradex
KuCoin
tradeXYZ
Coinbase International
Nado
Popdex
ApeX Omni
Extended
Polymarket Perps
Phoenix
Vest
Deribit
OKX
Gate
SoDEX
Aevo
OrderlyHTX711.93+0.105%
Bybit712.00+0.115%Aftermath Perps712.03+0.120%Aster712.04+0.121%Binance712.11+0.131%Lighter712.12+0.132%Lighter RH712.16+0.138%BloFin712.17+0.139%Bitget712.19+0.142%edgeX712.25+0.151%SunX712.26+0.152%Phemex712.32+0.160%Injective713.75+0.361%Variational Omni713.80+0.368%
Bybit
Aster
Binance
Lighter
Lighter RH
BloFin
Bitget
SunX
Phemex
Injective
Variational OmniMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps META-USD.P | −0.015% | +0.0050% | 1h | $917K | $2.3M | 10x | as long as short |
| Hotstuff META-PERPlong | 0.000% | +0.0192% | 1h | $32K | $105 | 20x | |
| Arcus META-USD | +0.010% | +0.0356% | 1h | $282K | $242K | 10x | as long as short |
| QFEX META-USD | +0.013% | +0.0033% | 1h | $1.8M | $5.3M | 10x | as long as short |
| Paradex META-USD-PERP | +0.015% | +0.0055% | 8h | — | — | 5x | as long as short |
| KuCoin METAUSDTM | +0.015% | +0.0100% | 8h | $1.5M | $123K | 20x | as long as short |
| tradeXYZ xyz:META | +0.027% | +0.0050% | 1h | $63.1M | $43.3M | 20x | as long as short |
| Coinbase International META-PERP-INTX | +0.027% | +0.0080% | 1h | $674K | $4.5M | 10x | as long as short |
| Nado META-PERP | +0.038% | +0.0032% | 1h | $441K | $69K | 20x | as long as short |
| Popdex METAUSDT | +0.048% | +0.0048% | 1h | $164K | $148K | 20x | as long as short |