Spread before costs (cost unknown: a leg has no order-book sample)−0.105%
7d average—if it closes, per $10,000$11funding while held, a day−$0.72
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff META-PERP | 733.25 | 0.0056 | pay 0.0007% / 1h | 51m 12s | $33K | $105 | 20x |
| Short | Lighter META | 732.48 | 0.0032 | get 0.0004% / 1h | 51m 12s | $844K | $2.4M | 20x |
Hotstuff META-PERP
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
- −$10.5
- Funding while held
- −$0.72
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$16.22
- Spread needed to break even
- 0.050%
Slippage unknown: Hotstuff: no order-book sample; Lighter: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0024%
- Per $10,000 a day
- −$0.72
- 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 Lighter live order book, 2 min ago | 0.61 bp | 0.6 bp −$1 | 2.0 bp −$20 | 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.Variational Omni729.74cheapestPhoenix730.45+0.097%Aftermath Perps731.56+0.250%SoDEX732.27+0.346%Bybit732.28+0.348%Gate732.30+0.350%edgeX732.33+0.354%Deribit732.34+0.356%Binance732.39+0.363%Bitget732.40+0.364%Lighter RH732.42+0.367%
Variational Omni
Phoenix
SoDEX
Bybit
Gate
Deribit
Binance
Bitget
Lighter RHLighter732.48+0.375%
OKX732.49+0.376%KuCoin732.49+0.376%BloFin732.52+0.381%Paradex732.59+0.390%Ondo Perps732.65+0.398%Nado732.67+0.401%Aevo732.69+0.404%Extended732.70+0.405%ApeX Omni732.71+0.407%QFEX732.77+0.415%tradeXYZ732.80+0.419%Aster732.81+0.420%Injective732.81+0.420%Arcus732.82+0.422%Orderly732.82+0.422%Coinbase International732.82+0.422%Popdex732.84+0.424%HTX732.84+0.424%Polymarket Perps732.92+0.435%SunX733.04+0.452%Phemex733.13+0.464%
OKX
KuCoin
BloFin
Paradex
Ondo Perps
Nado
Aevo
Extended
ApeX Omni
QFEX
tradeXYZ
Aster
Injective
Arcus
Orderly
Coinbase International
Popdex
HTX
Polymarket Perps
SunX
PhemexHotstuff733.25+0.481%
Vest733.32+0.490%
VestMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni META | −0.478% | 0.0000% | 8h | $1.4M | $2.1M | — | as long as short |
| Phoenix META | −0.382% | +0.0055% | 1h | $250K | $513K | 20x | as long as short |
| Aftermath Perps METAUSD | −0.230% | +0.0267% | 1h | $43K | $47K | 10x | as long as short |
| SoDEX META-USD | −0.134% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Bybit METAUSDT | −0.132% | 0.0000% | 8h | $7.5M | $9.1M | 100x | as long as short |
| Gate META_USDT | −0.130% | 0.0000% | 8h | $344K | $3.9M | 100x | as long as short |
| edgeX METAUSDC | −0.126% | +0.0647% | 4h | $61K | $326K | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.124% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Binance METAUSDT | −0.117% | 0.0000% | 8h | $25.2M | $119.6M | 20x | as long as short |
| Bitget METAUSDT | −0.116% | 0.0000% | 8h | $5.4M | $8.0M | 100x | as long as short |