Spread before costs (cost unknown: a leg has no order-book sample)−0.014%
7d average—if it closes, per $10,000$1funding while held, a day−$5.87
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff META-PERP | 711.34 | 0.0224 | pay 0.0028% / 1h | 37m 15s | $32K | $105 | 20x |
| Short | QFEX META-USD | 711.24 | 0.0028 | get 0.0004% / 1h | 37m 15s | $1.8M | $5.9M | 10x |
Hotstuff META-PERP
QFEX META-USDPrice 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
- −$1.41
- Funding while held
- −$5.87
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$22.28
- Spread needed to break even
- 0.150%
Slippage unknown: Hotstuff: no order-book sample; QFEX: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0196%
- Per $10,000 a day
- −$5.87
- 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 QFEX live order book, 3 min ago | 1.33 bp | 6.3 bp −$6 | 6.6 bp −$66 | 17.1 bp −$1,707 | 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.KuCoin710.61cheapestGate710.66+0.007%Bybit710.81+0.028%Deribit710.86+0.035%tradeXYZ710.93+0.045%SoDEX710.95+0.048%BloFin711.01+0.056%Aevo711.03+0.059%Binance711.03+0.059%Extended711.07+0.065%Lighter RH711.09+0.068%HTX711.09+0.068%OKX711.13+0.073%Orderly711.13+0.073%Arcus711.14+0.075%Bitget711.14+0.075%Nado711.16+0.077%Lighter711.20+0.083%Ondo Perps711.21+0.084%SunX711.23+0.087%Paradex711.23+0.087%
KuCoin
Gate
Bybit
Deribit
tradeXYZ
SoDEX
BloFin
Aevo
Binance
Extended
Lighter RH
HTX
OKX
Orderly
Arcus
Bitget
Nado
Lighter
Ondo Perps
SunX
ParadexQFEX711.24+0.089%
Popdex711.24+0.089%Polymarket Perps711.26+0.091%
Popdex
Polymarket PerpsHotstuff711.34+0.103%
Aster711.35+0.104%Aftermath Perps711.47+0.121%Vest711.59+0.138%Coinbase International711.74+0.159%Phemex711.76+0.162%Variational Omni711.84+0.173%Injective712.37+0.248%edgeX712.71+0.296%ApeX Omni712.87+0.318%Phoenix713.38+0.390%
Aster
Vest
Coinbase International
Phemex
Variational Omni
Injective
ApeX Omni
PhoenixMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin METAUSDTM | −0.103% | +0.0100% | 8h | $1.5M | $138K | 20x | as long as short |
| Gate META_USDT | −0.096% | 0.0000% | 8h | $384K | $3.2M | 100x | as long as short |
| Bybit METAUSDT | −0.075% | 0.0000% | 8h | $6.8M | $7.2M | 100x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.067% | −0.0059% | 1h | $29K | $253K | 10x | as long as short |
| tradeXYZ xyz:META | −0.058% | +0.0050% | 1h | $61.6M | $46.4M | 20x | as long as short |
| SoDEX META-USD | −0.055% | +0.0050% | 1h | $23K | $3K | 10x | as long as short |
| BloFin META-USDT | −0.046% | −0.0120% | 8h | $338K | $466K | 20x | as long as short |
| Aevo META-PERP | −0.044% | +0.0104% | 1h | $256 | — | 10x | as long as short |
| Binance METAUSDT | −0.043% | 0.0000% | 8h | $25.6M | $92.4M | 20x | as long as short |
| Extended META_24_5-USD | −0.038% | 0.0000% | 1h | $515K | $1.3M | 17x | as long as short |