After costs, if the gap returns to its 7d average, $10k−$41
spread now−0.019%7d average−0.006%fees + slippage, in and out−$40spread needed0.395%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX META-USDT | 728.82 | 0 | get 0.0000% / 8h | 6h 57m | $103K | $270K | 30x |
| Short | Phoenix META | 728.68 | 0.0100 | get 0.0012% / 1h | 57m 38s | $240K | $361K | 20x |
HTX META-USDT
Phoenix 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
- −$1.92
- Funding while held
- $3
- Slippage, 4 orders
- −$20.51
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$38.44
- Spread needed to break even
- 0.395%
Slippage from HTX: live order book, 46 min ago; Phoenix: live order book, 45 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 HTX live order book, 46 min ago | 3.03 bp | 11.5 bp −$12 | 16.0 bp −$160 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 45 min ago | 2.62 bp | 9.5 bp −$9 | 18.8 bp −$188 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.BloFin728.21cheapestVariational Omni728.24+0.004%edgeX728.32+0.016%ApeX Omni728.43+0.030%Gate728.67+0.063%
BloFin
Variational Omni
ApeX Omni
GatePhoenix728.68+0.065%
HTX728.82+0.084%
Ondo Perps728.93+0.099%Aftermath Perps729.02+0.111%KuCoin729.02+0.111%Popdex729.14+0.128%Aevo729.15+0.129%Deribit729.15+0.129%Orderly729.18+0.133%SoDEX729.18+0.133%SunX729.19+0.135%Hotstuff729.20+0.136%Bitget729.21+0.137%Coinbase International729.24+0.141%Paradex729.26+0.144%OKX729.28+0.147%Aster729.29+0.148%Bybit729.29+0.148%QFEX729.29+0.148%Polymarket Perps729.29+0.148%Nado729.30+0.149%Binance729.32+0.152%tradeXYZ729.35+0.157%Phemex729.37+0.159%Extended729.40+0.163%Arcus729.44+0.169%Vest729.54+0.183%Lighter RH729.56+0.185%Lighter729.60+0.191%Injective730.16+0.268%
Ondo Perps
KuCoin
Popdex
Aevo
Deribit
Orderly
SoDEX
SunX
Hotstuff
Bitget
Coinbase International
Paradex
OKX
Aster
Bybit
QFEX
Polymarket Perps
Nado
Binance
tradeXYZ
Phemex
Extended
Arcus
Vest
Lighter RH
Lighter
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.084% | −0.0120% | 8h | $325K | $622K | 20x | as long as short |
| Variational Omni META | −0.080% | 0.0000% | 8h | $1.4M | $2.1M | — | as long as short |
| edgeX METAUSDC | −0.068% | +0.0186% | 4h | $61K | $327K | 10x | as long as short |
| ApeX Omni METAUSDT | −0.054% | +0.0100% | 1h | $134K | $56K | 50x | as long as short |
| Gate META_USDT | −0.021% | 0.0000% | 8h | $352K | $3.9M | 100x | as long as short |
| Phoenix METAshort | −0.019% | +0.0100% | 1h | $240K | $361K | 20x | |
| HTX META-USDTlong | 0.000% | 0.0000% | 8h | $103K | $270K | 30x | |
| Ondo Perps META-USD.P | +0.015% | +0.0050% | 1h | $801K | $3.0M | 10x | as long as short |
| Aftermath Perps METAUSD | +0.027% | +0.0274% | 1h | $43K | $47K | 10x | as long as short |
| KuCoin METAUSDTM | +0.027% | +0.0100% | 8h | $1.5M | $188K | 20x | as long as short |