data as of
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Price arb /

META

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k+$9
spread now+0.380%7d average−0.393%fees + slippage, in and out−$68spread needed0.684%
Long on InjectiveShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective META/USDC PERP728.140.0220pay 0.0028% / 1h54m 54s$166K$101K30x
ShortDeribit META_USDC-PERPETUAL730.910get 0.0000% / 1h54m 54s$28K$266K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$38.04
Funding while held
−$6.6
Slippage, 4 orders
−$61.41
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$36.99
Spread needed to break even
0.684%
Slippage from Injective: live order book, 51 min ago; Deribit: live order book, 56 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective live order book, 51 min ago19.17 bp19.2 bp −$199886.2 bp −$98.9Kdoesn't fitdoesn't fit
Sell Deribit live order book, 56 min ago3.66 bp7.2 bp −$78.9 bp −$89doesn't fitdoesn't fit

META price on every exchange

against the cheapest. Click to use as the short leg.
Injective728.14cheapest
ApeX Omni728.46+0.044%edgeX729.26+0.153%Aftermath Perps729.73+0.219%Variational Omni729.74+0.220%Coinbase International730.14+0.275%Ondo Perps730.17+0.279%Gate730.44+0.316%Phoenix730.45+0.317%HTX730.65+0.345%Phemex730.67+0.347%Nado730.79+0.363%KuCoin730.83+0.369%Aevo730.88+0.376%SoDEX730.91+0.380%
Deribit730.91+0.380%
Bitget730.97+0.389%Orderly730.99+0.391%tradeXYZ731.04+0.398%BloFin731.07+0.402%Bybit731.10+0.407%Aster731.11+0.408%OKX731.11+0.408%SunX731.11+0.408%Binance731.14+0.413%Hotstuff731.15+0.413%Paradex731.15+0.414%QFEX731.18+0.418%Polymarket Perps731.20+0.420%Popdex731.21+0.422%Vest731.24+0.426%Lighter RH731.31+0.435%Lighter731.34+0.439%Extended731.34+0.440%Arcus731.42+0.450%

META on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective META/USDC PERPlong0.000%+0.0220%1h$166K$101K30x
ApeX Omni METAUSDT+0.044%+0.0100%1h$134K$56K50xas long as short
edgeX METAUSDC+0.153%+0.0499%4h$61K$324K10xas long as short
Aftermath Perps METAUSD+0.219%+0.0271%1h$43K$47K10xas long as short
Variational Omni META+0.220%0.0000%8h$1.4M$2.1M—as long as short
Coinbase International META-PERP-INTX+0.275%+0.0048%1h$632K$5.9M10xas long as short
Ondo Perps META-USD.P+0.279%+0.0050%1h$756K$3.0M10xas long as short
Gate META_USDT+0.316%0.0000%8h$346K$3.9M100xas long as short
Phoenix META+0.317%+0.0055%1h$250K$513K20xas long as short
HTX META-USDT+0.345%0.0000%8h$104K$270K30xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phemex METAUSDT+0.347%0.0000%4h$1.9M$5K10xas long as short
Nado META-PERP+0.363%−0.0042%1h$387K$172K20xas long as short
KuCoin METAUSDTM+0.369%+0.0100%8h$1.5M$195K20xas long as short
Aevo META-PERP+0.376%+0.0104%1h$263—10xas long as short
SoDEX META-USD+0.380%+0.0050%1h$24K$3K10xas long as short
Deribit META_USDC-PERPETUALshort+0.380%0.0000%1h$28K$266K10x
Bitget METAUSDT+0.389%0.0000%8h$5.3M$7.8M100xas long as short
Orderly PERP_META_USDC_mythos+0.391%+0.0100%8h$1K—10xas long as short
tradeXYZ xyz:META+0.398%+0.0050%1h$66.3M$53.8M20xas long as short
BloFin META-USDT+0.402%−0.0120%8h$326K$630K20xas long as short
Bybit METAUSDT+0.407%0.0000%8h$7.5M$9.1M100xas long as short
Aster METAUSDT+0.408%0.0000%8h$450K$120K20xas long as short
OKX META-USDT-SWAP+0.408%0.0000%8h$5.9M$9.9M20xas long as short
SunX META-USDT+0.408%0.0000%8h$740$9.3M20xas long as short
Binance METAUSDT+0.413%0.0000%8h$25.3M$118.7M20xas long as short
Hotstuff META-PERP+0.413%+0.0080%1h$33K$10520xas long as short
Paradex META-USD-PERP+0.414%+0.0051%8h——5xas long as short
QFEX META-USD+0.418%+0.0020%1h$1.9M$8.5M10xas long as short
Polymarket Perps META-USD+0.420%+0.0050%1h$664K$481K10xas long as short
Popdex METAUSDT+0.422%+0.0048%1h$177K$167K20xas long as short
Vest META-USD-PERP+0.426%+0.0046%1h—$8K25xas long as short
Lighter RH META+0.435%+0.0032%1h$683K$2.6M20xas long as short
Lighter META+0.439%+0.0032%1h$842K$2.4M20xas long as short
Extended META_24_5-USD+0.440%0.0000%1h$539K$1.4M17xas long as short
Arcus META-USD+0.450%+0.0325%1h$272K$292K10xas long as short