Spread before costs (cost unknown: a leg has no order-book sample)−0.011%
7d average—if it closes, per $10,000$1funding while held, a day−$7.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff META-PERP | 713.45 | 0.0272 | pay 0.0034% / 1h | 26m 33s | $32K | $105 | 20x |
| Short | Lighter RH META | 713.37 | 0.0032 | get 0.0004% / 1h | 26m 33s | $764K | $2.3M | 20x |
Hotstuff META-PERP
Lighter RH 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
- −$1.12
- Funding while held
- −$7.2
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$13.32
- Spread needed to break even
- 0.050%
Slippage unknown: Hotstuff: no order-book sample; Lighter RH: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0240%
- Per $10,000 a day
- −$7.20
- 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 RH live order book, 3 min ago | 2.74 bp | 2.8 bp −$3 | 4.6 bp −$46 | 38.9 bp −$3,888 | 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.ApeX Omni711.30cheapestedgeX711.95+0.091%Aftermath Perps712.38+0.152%Variational Omni712.43+0.159%Phoenix712.51+0.170%QFEX712.72+0.200%Ondo Perps712.75+0.204%HTX712.78+0.208%Deribit712.81+0.212%Aevo712.93+0.228%Coinbase International712.94+0.231%SoDEX712.95+0.232%Vest712.98+0.236%Arcus712.99+0.238%Orderly712.99+0.238%Popdex713.01+0.240%Binance713.02+0.242%Polymarket Perps713.09+0.252%Nado713.11+0.254%Extended713.13+0.258%tradeXYZ713.17+0.263%Bybit713.17+0.263%OKX713.20+0.267%Bitget713.20+0.267%Gate713.22+0.270%Paradex713.30+0.281%Aster713.34+0.287%
ApeX Omni
Variational Omni
Phoenix
QFEX
Ondo Perps
HTX
Deribit
Aevo
Coinbase International
SoDEX
Vest
Arcus
Orderly
Popdex
Binance
Polymarket Perps
Nado
Extended
tradeXYZ
Bybit
OKX
Bitget
Gate
Paradex
AsterLighter RH713.37+0.291%
KuCoin713.42+0.298%Lighter713.44+0.301%
KuCoin
LighterHotstuff713.45+0.302%
BloFin713.48+0.306%SunX713.49+0.308%Phemex713.50+0.309%Injective713.75+0.344%
BloFin
SunX
Phemex
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni METAUSDT | −0.301% | +0.0100% | 1h | $111K | $46K | 50x | as long as short |
| edgeX METAUSDC | −0.211% | +0.0810% | 4h | $60K | $322K | 10x | as long as short |
| Aftermath Perps METAUSD | −0.150% | +0.0254% | 1h | $43K | $48K | 10x | as long as short |
| Variational Omni META | −0.143% | 0.0000% | 8h | $1.4M | $1.9M | — | as long as short |
| Phoenix META | −0.132% | +0.0169% | 1h | $230K | $255K | 20x | as long as short |
| QFEX META-USD | −0.102% | +0.0033% | 1h | $1.8M | $5.3M | 10x | as long as short |
| Ondo Perps META-USD.P | −0.098% | +0.0050% | 1h | $917K | $2.3M | 10x | as long as short |
| HTX META-USDT | −0.094% | 0.0000% | 8h | $101K | $264K | 30x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.090% | 0.0000% | 1h | $29K | $246K | 10x | as long as short |
| Aevo META-PERP | −0.074% | +0.0104% | 1h | $257 | — | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International META-PERP-INTX | −0.071% | +0.0080% | 1h | $696K | $4.4M | 10x | as long as short |
| SoDEX META-USD | −0.070% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Vest META-USD-PERP | −0.066% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| Arcus META-USD | −0.064% | +0.0356% | 1h | $283K | $242K | 10x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.064% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Popdex METAUSDT | −0.062% | +0.0048% | 1h | $164K | $148K | 20x | as long as short |
| Binance METAUSDT | −0.060% | +0.0018% | 8h | $25.8M | $78.7M | 20x | as long as short |
| Polymarket Perps META-USD | −0.050% | +0.0050% | 1h | $648K | $465K | 10x | as long as short |
| Nado META-PERP | −0.048% | +0.0033% | 1h | $442K | $69K | 20x | as long as short |
| Extended META_24_5-USD | −0.044% | +0.0016% | 1h | $509K | $1.3M | 17x | as long as short |
| tradeXYZ xyz:META | −0.039% | +0.0050% | 1h | $62.8M | $42.6M | 20x | as long as short |
| Bybit METAUSDT | −0.039% | +0.0009% | 8h | $6.6M | $6.5M | 100x | as long as short |
| OKX META-USDT-SWAP | −0.035% | 0.0000% | 8h | $6.1M | $6.8M | 20x | as long as short |
| Bitget METAUSDT | −0.035% | 0.0000% | 8h | $4.9M | $5.7M | 100x | as long as short |
| Gate META_USDT | −0.032% | 0.0000% | 8h | $396K | $2.9M | 100x | as long as short |
| Paradex META-USD-PERP | −0.021% | +0.0055% | 8h | — | — | 5x | as long as short |
| Aster METAUSDT | −0.015% | 0.0000% | 8h | $452K | $78K | 20x | as long as short |
| Lighter RH METAshort | −0.011% | +0.0032% | 1h | $764K | $2.3M | 20x | |
| KuCoin METAUSDTM | −0.004% | +0.0100% | 8h | $1.5M | $123K | 20x | as long as short |
| Lighter META | −0.001% | +0.0032% | 1h | $705K | $2.0M | 20x | as long as short |
| Hotstuff META-PERPlong | 0.000% | +0.0272% | 1h | $32K | $105 | 20x | |
| BloFin META-USDT | +0.004% | −0.0102% | 8h | $344K | $422K | 20x | as long as short |
| SunX META-USDT | +0.006% | 0.0000% | 8h | $802 | $6.6M | 20x | as long as short |
| Phemex METAUSDT | +0.007% | −0.0170% | 4h | $1.9M | $4K | 10x | as long as short |
| Injective META/USDC PERP | +0.042% | +0.0147% | 1h | $162K | $164K | 30x | as long as short |