Spread before costs (cost unknown: a leg has no order-book sample)−0.032%
7d average—if it closes, per $10,000$3funding while held, a day−$4.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff META-PERP | 712.17 | −0.0032 | get 0.0004% / 1h | 28m 47s | $32K | $105 | 20x |
| Short | Phemex METAUSDT | 711.94 | −0.0171 | pay 0.0085% / 4h | 1h 28m | $1.9M | $4K | 10x |
Hotstuff META-PERP
Phemex METAUSDTPrice 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
- −$3.23
- Funding while held
- −$4.16
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$24.39
- Spread needed to break even
- 0.170%
Slippage unknown: Hotstuff: no order-book sample; Phemex: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0139%
- Per $10,000 a day
- −$4.16
- 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 Phemex live order book, 1 min ago | 21.92 bp | 53.1 bp −$53 | 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.Polymarket Perps711.13cheapestPopdex711.17+0.006%Coinbase International711.28+0.021%ApeX Omni711.30+0.024%Nado711.34+0.029%Deribit711.38+0.035%SoDEX711.48+0.049%Aevo711.49+0.051%HTX711.53+0.056%tradeXYZ711.59+0.065%Gate711.61+0.067%Orderly711.62+0.069%Extended711.64+0.072%Vest711.73+0.084%OKX711.74+0.086%KuCoin711.87+0.104%BloFin711.91+0.110%
Polymarket Perps
Popdex
Coinbase International
ApeX Omni
Nado
Deribit
SoDEX
Aevo
HTX
tradeXYZ
Gate
Orderly
Extended
Vest
OKX
KuCoin
BloFinPhemex711.94+0.114%
Lighter RH711.98+0.120%Lighter712.02+0.125%Aftermath Perps712.03+0.126%Aster712.04+0.128%Bybit712.04+0.128%Binance712.07+0.132%Bitget712.15+0.143%
Lighter RH
Lighter
Aster
Bybit
Binance
BitgetHotstuff712.17+0.146%
SunX712.18+0.148%Ondo Perps712.35+0.172%Variational Omni712.43+0.183%Paradex712.45+0.185%Phoenix712.51+0.194%QFEX712.54+0.198%edgeX712.63+0.210%Arcus712.75+0.228%Injective713.75+0.368%
SunX
Ondo Perps
Variational Omni
Paradex
Phoenix
QFEX
Arcus
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps META-USD | −0.146% | +0.0050% | 1h | $647K | $465K | 10x | as long as short |
| Popdex METAUSDT | −0.140% | +0.0048% | 1h | $163K | $147K | 20x | as long as short |
| Coinbase International META-PERP-INTX | −0.125% | +0.0080% | 1h | $682K | $4.3M | 10x | as long as short |
| ApeX Omni METAUSDT | −0.122% | +0.0100% | 1h | $111K | $46K | 50x | as long as short |
| Nado META-PERP | −0.117% | +0.0035% | 1h | $441K | $69K | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.111% | 0.0000% | 1h | $29K | $246K | 10x | as long as short |
| SoDEX META-USD | −0.097% | +0.0050% | 1h | $23K | $3K | 10x | as long as short |
| Aevo META-PERP | −0.095% | +0.0104% | 1h | $256 | — | 10x | as long as short |
| HTX META-USDT | −0.090% | 0.0000% | 8h | $101K | $264K | 30x | as long as short |
| tradeXYZ xyz:META | −0.081% | +0.0050% | 1h | $62.7M | $42.3M | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate META_USDT | −0.079% | 0.0000% | 8h | $394K | $2.9M | 100x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.077% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Extended META_24_5-USD | −0.074% | +0.0016% | 1h | $509K | $1.3M | 17x | as long as short |
| Vest META-USD-PERP | −0.062% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| OKX META-USDT-SWAP | −0.060% | 0.0000% | 8h | $6.1M | $6.7M | 20x | as long as short |
| KuCoin METAUSDTM | −0.042% | +0.0100% | 8h | $1.5M | $121K | 20x | as long as short |
| BloFin META-USDT | −0.037% | −0.0100% | 8h | $343K | $419K | 20x | as long as short |
| Phemex METAUSDTshort | −0.032% | −0.0171% | 4h | $1.9M | $4K | 10x | |
| Lighter RH META | −0.027% | +0.0032% | 1h | $754K | $2.3M | 20x | as long as short |
| Lighter META | −0.021% | +0.0032% | 1h | $702K | $2.0M | 20x | as long as short |
| Aftermath Perps METAUSD | −0.020% | +0.0256% | 1h | $43K | $48K | 10x | as long as short |
| Aster METAUSDT | −0.018% | 0.0000% | 8h | $451K | $78K | 20x | as long as short |
| Bybit METAUSDT | −0.018% | +0.0015% | 8h | $6.6M | $6.5M | 100x | as long as short |
| Binance METAUSDT | −0.014% | +0.0019% | 8h | $25.7M | $77.7M | 20x | as long as short |
| Bitget METAUSDT | −0.003% | 0.0000% | 8h | $4.8M | $5.6M | 100x | as long as short |
| Hotstuff META-PERPlong | 0.000% | −0.0032% | 1h | $32K | $105 | 20x | |
| SunX META-USDT | +0.001% | 0.0000% | 8h | $784 | $6.5M | 20x | as long as short |
| Ondo Perps META-USD.P | +0.025% | +0.0050% | 1h | $918K | $2.3M | 10x | as long as short |
| Variational Omni META | +0.037% | 0.0000% | 8h | $1.4M | $1.9M | — | as long as short |
| Paradex META-USD-PERP | +0.039% | +0.0056% | 8h | — | — | 5x | as long as short |
| Phoenix META | +0.048% | +0.0169% | 1h | $230K | $255K | 20x | as long as short |
| QFEX META-USD | +0.052% | +0.0033% | 1h | $1.8M | $5.2M | 10x | as long as short |
| edgeX METAUSDC | +0.064% | +0.0732% | 4h | $60K | $324K | 10x | as long as short |
| Arcus META-USD | +0.081% | +0.0356% | 1h | $283K | $239K | 10x | as long as short |
| Injective META/USDC PERP | +0.222% | +0.0147% | 1h | $162K | $164K | 30x | as long as short |