Spread before costs (cost unknown: a leg has no order-book sample)−0.361%
7d average—if it closes, per $10,000$36funding while held, a day−$5.52
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff META-PERP | 711.31 | 0.0184 | pay 0.0023% / 1h | 42m 17s | $32K | $105 | 20x |
| Short | Variational Omni META | 708.74 | 0 | get 0.0000% / 8h | 42m 17s | $1.4M | $1.9M | — |
Hotstuff META-PERP
Variational Omni 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
- −$36.08
- Funding while held
- −$5.52
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$46.6
- Spread needed to break even
- 0.050%
Slippage unknown: Hotstuff: no order-book sample; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0184%
- Per $10,000 a day
- −$5.52
- 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 Variational Omni RFQ quote, 3 min ago | 2.46 bp | doesn't fit | 11.3 bp −$113 | 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 Omni708.74cheapest
edgeX709.03+0.040%ApeX Omni709.12+0.053%Aftermath Perps710.04+0.183%Injective710.19+0.204%Ondo Perps710.81+0.292%KuCoin711.13+0.337%
ApeX Omni
Injective
Ondo Perps
KuCoinHotstuff711.31+0.362%
SoDEX711.32+0.364%Phoenix711.37+0.371%Nado711.38+0.372%HTX711.40+0.375%Aster711.42+0.377%Arcus711.46+0.383%Gate711.48+0.386%Vest711.49+0.388%BloFin711.49+0.388%QFEX711.52+0.392%Paradex711.52+0.392%tradeXYZ711.58+0.400%Lighter RH711.60+0.403%Popdex711.63+0.407%Coinbase International711.65+0.410%Polymarket Perps711.79+0.430%Bybit711.80+0.431%Phemex711.81+0.433%Deribit711.82+0.434%Aevo711.87+0.441%Extended711.88+0.442%Orderly711.88+0.443%Binance711.89+0.444%Bitget711.98+0.457%Lighter712.07+0.469%SunX712.09+0.472%OKX712.13+0.478%
SoDEX
Phoenix
Nado
HTX
Aster
Arcus
Gate
Vest
BloFin
QFEX
Paradex
tradeXYZ
Lighter RH
Popdex
Coinbase International
Polymarket Perps
Bybit
Phemex
Deribit
Aevo
Extended
Orderly
Binance
Bitget
Lighter
SunX
OKXMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni METAshort | −0.361% | 0.0000% | 8h | $1.4M | $1.9M | — | |
| edgeX METAUSDC | −0.321% | +0.0030% | 4h | $60K | $325K | 10x | as long as short |
| ApeX Omni METAUSDT | −0.308% | +0.0100% | 1h | $111K | $46K | 50x | as long as short |
| Aftermath Perps METAUSD | −0.179% | +0.0259% | 1h | $43K | $48K | 10x | as long as short |
| Injective META/USDC PERP | −0.157% | +0.0220% | 1h | $162K | $135K | 30x | as long as short |
| Ondo Perps META-USD.P | −0.070% | +0.0050% | 1h | $901K | $2.4M | 10x | as long as short |
| KuCoin METAUSDTM | −0.025% | +0.0100% | 8h | $1.5M | $136K | 20x | as long as short |
| Hotstuff META-PERPlong | 0.000% | +0.0184% | 1h | $32K | $105 | 20x | |
| SoDEX META-USD | +0.001% | +0.0050% | 1h | $23K | $3K | 10x | as long as short |
| Phoenix META | +0.008% | +0.0090% | 1h | $230K | $284K | 20x | as long as short |