Spread before costs (cost unknown: a leg has no order-book sample)−0.033%
7d average—if it closes, per $10,000$3funding while held, a day+$1.15
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff META-PERP | 726.18 | −0.0016 | get 0.0002% / 1h | 40m 26s | $32K | $105 | 20x |
| Short | Nado META-PERP | 725.94 | 0.0022 | get 0.0003% / 1h | 40m 26s | $394K | $121K | 20x |
Hotstuff META-PERP
Nado META-PERPPrice 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
- −$3.33
- Funding while held
- $1.15
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$14.18
- Spread needed to break even
- 0.120%
Slippage unknown: Hotstuff: no order-book sample; Nado: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0038%
- Per $10,000 a day
- +$1.15
- 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 Nado live order book, 4 min ago | 1.31 bp | 7.2 bp −$7 | 23.1 bp −$231 | 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.Phoenix725.65cheapestKuCoin725.66+0.001%Coinbase International725.70+0.007%Gate725.74+0.012%Aftermath Perps725.79+0.019%Aster725.85+0.028%Bybit725.90+0.034%Paradex725.92+0.038%
Phoenix
KuCoin
Coinbase International
Gate
Aster
Bybit
ParadexNado725.94+0.040%
Lighter RH725.94+0.040%Ondo Perps725.95+0.041%Bitget725.96+0.043%Lighter725.98+0.045%Extended726.01+0.050%tradeXYZ726.03+0.052%Deribit726.10+0.062%ApeX Omni726.14+0.068%Variational Omni726.15+0.069%OKX726.17+0.072%HTX726.17+0.072%
Lighter RH
Ondo Perps
Bitget
Lighter
Extended
tradeXYZ
Deribit
ApeX Omni
Variational Omni
OKX
HTXHotstuff726.18+0.073%
QFEX726.19+0.074%Aevo726.20+0.075%Binance726.21+0.077%Arcus726.21+0.077%Vest726.24+0.081%Popdex726.26+0.084%SunX726.27+0.085%Phemex726.31+0.091%Polymarket Perps726.33+0.094%SoDEX726.35+0.096%Orderly726.38+0.101%BloFin726.49+0.116%edgeX726.57+0.127%Injective726.96+0.181%
QFEX
Aevo
Binance
Arcus
Vest
Popdex
SunX
Phemex
Polymarket Perps
SoDEX
Orderly
BloFin
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix META | −0.073% | +0.0100% | 1h | $282K | $361K | 20x | as long as short |
| KuCoin METAUSDTM | −0.072% | +0.0100% | 8h | $1.4M | $185K | 20x | as long as short |
| Coinbase International META-PERP-INTX | −0.066% | +0.0040% | 1h | $699K | $5.5M | 10x | as long as short |
| Gate META_USDT | −0.061% | 0.0000% | 8h | $370K | $3.6M | 100x | as long as short |
| Aftermath Perps METAUSD | −0.054% | +0.0236% | 1h | $44K | $47K | 10x | as long as short |
| Aster METAUSDT | −0.045% | 0.0000% | 8h | $446K | $94K | 20x | as long as short |
| Bybit METAUSDT | −0.039% | 0.0000% | 8h | $7.6M | $8.7M | 100x | as long as short |
| Paradex META-USD-PERP | −0.035% | +0.0051% | 8h | — | — | 5x | as long as short |
| Nado META-PERPshort | −0.033% | +0.0022% | 1h | $394K | $121K | 20x | |
| Lighter RH META | −0.033% | +0.0032% | 1h | $636K | $2.6M | 20x | as long as short |