After costs, if the gap returns to its 7d average, $10k−$63
spread now−0.207%7d average−0.333%fees + slippage, in and out−$76spread needed0.758%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective META/USDC PERP | 730.16 | 0.0220 | pay 0.0028% / 1h | 0m 00s | $166K | $135K | 30x |
| Short | Bybit METAUSDT | 728.65 | 0 | get 0.0000% / 8h | 7h 00m | $7.5M | $9.0M | 100x |
Injective META/USDC PERP
Bybit 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
- −$20.68
- Funding while held
- −$6.6
- Slippage, 4 orders
- −$64.79
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$103.09
- Spread needed to break even
- 0.758%
Slippage from Injective: live order book, 45 min ago; Bybit: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0220%
- Per $10,000 a day
- −$6.60
- 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 Injective live order book, 45 min ago | 19.17 bp | 19.2 bp −$19 | 9886.2 bp −$98.9K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.96 bp | 10.7 bp −$11 | 17.5 bp −$175 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Gate728.11cheapestApeX Omni728.11cheapestVariational Omni728.24+0.017%Ondo Perps728.24+0.018%Phoenix728.31+0.027%edgeX728.41+0.041%HTX728.41+0.041%Coinbase International728.44+0.045%Phemex728.45+0.047%KuCoin728.48+0.051%Deribit728.50+0.054%Nado728.53+0.057%QFEX728.53+0.058%BloFin728.53+0.058%SunX728.56+0.062%SoDEX728.57+0.063%Popdex728.59+0.066%Aevo728.59+0.067%
Gate
ApeX Omni
Variational Omni
Ondo Perps
Phoenix
HTX
Coinbase International
Phemex
KuCoin
Deribit
Nado
QFEX
BloFin
SunX
SoDEX
Popdex
AevoBybit728.65+0.074%
OKX728.66+0.076%Aster728.68+0.078%Hotstuff728.70+0.081%Paradex728.70+0.081%Binance728.70+0.081%Extended728.71+0.082%Bitget728.71+0.082%Orderly728.74+0.087%Polymarket Perps728.76+0.089%tradeXYZ728.78+0.092%Arcus728.81+0.096%Aftermath Perps728.98+0.119%Lighter728.98+0.119%Lighter RH729.01+0.124%Vest729.11+0.137%
OKX
Aster
Hotstuff
Paradex
Binance
Extended
Bitget
Orderly
Polymarket Perps
tradeXYZ
Arcus
Lighter
Lighter RH
VestInjective730.16+0.282%
META on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate META_USDT | −0.281% | 0.0000% | 8h | $352K | $3.9M | 100x | as long as short |
| ApeX Omni METAUSDT | −0.281% | +0.0100% | 1h | $134K | $56K | 50x | as long as short |
| Variational Omni META | −0.263% | 0.0000% | 8h | $1.4M | $2.1M | — | as long as short |
| Ondo Perps META-USD.P | −0.263% | +0.0050% | 1h | $801K | $2.9M | 10x | as long as short |
| Phoenix META | −0.253% | +0.0100% | 1h | $240K | $361K | 20x | as long as short |
| edgeX METAUSDC | −0.240% | +0.0957% | 4h | $61K | $326K | 10x | as long as short |
| HTX META-USDT | −0.240% | 0.0000% | 8h | $103K | $270K | 30x | as long as short |
| Coinbase International META-PERP-INTX | −0.236% | +0.0040% | 1h | $624K | $5.9M | 10x | as long as short |
| Phemex METAUSDT | −0.234% | 0.0000% | 4h | $1.9M | $5K | 10x | as long as short |
| KuCoin METAUSDTM | −0.230% | +0.0100% | 8h | $1.5M | $187K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit META_USDC-PERPETUAL | −0.227% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Nado META-PERP | −0.223% | +0.0027% | 1h | $383K | $140K | 20x | as long as short |
| QFEX META-USD | −0.223% | +0.0016% | 1h | $1.8M | $8.3M | 10x | as long as short |
| BloFin META-USDT | −0.223% | −0.0120% | 8h | $325K | $622K | 20x | as long as short |
| SunX META-USDT | −0.219% | 0.0000% | 8h | $1K | $9.3M | 20x | as long as short |
| SoDEX META-USD | −0.218% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Popdex METAUSDT | −0.215% | +0.0048% | 1h | $176K | $167K | 20x | as long as short |
| Aevo META-PERP | −0.214% | +0.0104% | 1h | $262 | — | 10x | as long as short |
| Bybit METAUSDTshort | −0.207% | 0.0000% | 8h | $7.5M | $9.0M | 100x | |
| OKX META-USDT-SWAP | −0.205% | 0.0000% | 8h | $5.8M | $9.7M | 20x | as long as short |
| Aster METAUSDT | −0.203% | 0.0000% | 8h | $448K | $120K | 20x | as long as short |
| Hotstuff META-PERP | −0.200% | +0.0232% | 1h | $33K | $105 | 20x | as long as short |
| Paradex META-USD-PERP | −0.200% | +0.0051% | 8h | — | — | 5x | as long as short |
| Binance METAUSDT | −0.200% | 0.0000% | 8h | $25.4M | $117.3M | 20x | as long as short |
| Extended META_24_5-USD | −0.199% | 0.0000% | 1h | $539K | $1.4M | 17x | as long as short |
| Bitget METAUSDT | −0.199% | 0.0000% | 8h | $5.2M | $7.6M | 100x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.194% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Polymarket Perps META-USD | −0.192% | +0.0050% | 1h | $662K | $481K | 10x | as long as short |
| tradeXYZ xyz:META | −0.189% | +0.0050% | 1h | $66.2M | $53.6M | 20x | as long as short |
| Arcus META-USD | −0.185% | +0.0040% | 1h | $271K | $292K | 10x | as long as short |
| Aftermath Perps METAUSD | −0.162% | +0.0275% | 1h | $43K | $47K | 10x | as long as short |
| Lighter META | −0.162% | +0.0032% | 1h | $840K | $2.4M | 20x | as long as short |
| Lighter RH META | −0.157% | +0.0032% | 1h | $681K | $2.7M | 20x | as long as short |
| Vest META-USD-PERP | −0.144% | +0.0046% | 1h | — | $8K | 25x | as long as short |
| Injective META/USDC PERPlong | 0.000% | +0.0220% | 1h | $166K | $135K | 30x |