Spread before costs (cost unknown: a leg has no order-book sample)−0.044%
7d average—if it closes, per $10,000$4funding while held, a day−$5.03
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective META/USDC PERP | 712.37 | 0.0220 | pay 0.0028% / 1h | 34m 10s | $162K | $135K | 30x |
| Short | Paradex META-USD-PERP | 712.06 | 0.0052 | get 0.0052% / 8h | 34m 10s | — | — | 5x |
Injective META/USDC PERP
Paradex META-USD-PERPPrice 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
- −$4.35
- Funding while held
- −$5.03
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$13.41
- Spread needed to break even
- 0.040%
Slippage unknown: Injective: live order book, 16 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0168%
- Per $10,000 a day
- −$5.03
- 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, 16 min ago | 19.07 bp | 19.1 bp −$19 | 9886.1 bp −$98.9K | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 Omni710.33cheapestPhoenix710.58+0.036%Hotstuff710.77+0.062%ApeX Omni710.85+0.074%edgeX711.26+0.132%Ondo Perps711.45+0.158%Aftermath Perps711.69+0.192%KuCoin711.91+0.223%Coinbase International711.97+0.231%Gate711.98+0.233%BloFin711.98+0.233%HTX712.00+0.235%Arcus712.01+0.237%
Variational Omni
Phoenix
Hotstuff
ApeX Omni
Ondo Perps
KuCoin
Coinbase International
Gate
BloFin
HTX
ArcusParadex712.06+0.244%
QFEX712.07+0.245%Popdex712.12+0.252%Vest712.18+0.261%tradeXYZ712.24+0.269%Nado712.27+0.273%Polymarket Perps712.27+0.273%Orderly712.29+0.276%Aevo712.29+0.277%Aster712.34+0.283%Deribit712.36+0.286%
QFEX
Popdex
Vest
tradeXYZ
Nado
Polymarket Perps
Orderly
Aevo
Aster
DeribitInjective712.37+0.288%
SoDEX712.39+0.290%Extended712.44+0.297%Phemex712.45+0.299%Bybit712.48+0.303%Bitget712.48+0.303%Lighter712.52+0.309%Lighter RH712.55+0.313%OKX712.58+0.317%SunX712.68+0.331%Binance712.70+0.334%
SoDEX
Extended
Phemex
Bybit
Bitget
Lighter
Lighter RH
OKX
SunX
BinanceMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni META | −0.287% | 0.0000% | 8h | $1.4M | $1.9M | — | as long as short |
| Phoenix META | −0.251% | +0.0090% | 1h | $230K | $284K | 20x | as long as short |
| Hotstuff META-PERP | −0.225% | +0.0088% | 1h | $32K | $105 | 20x | as long as short |
| ApeX Omni METAUSDT | −0.213% | +0.0100% | 1h | $111K | $46K | 50x | as long as short |
| edgeX METAUSDC | −0.155% | +0.0822% | 4h | $60K | $324K | 10x | as long as short |
| Ondo Perps META-USD.P | −0.129% | +0.0050% | 1h | $845K | $2.6M | 10x | as long as short |
| Aftermath Perps METAUSD | −0.095% | +0.0248% | 1h | $43K | $48K | 10x | as long as short |
| KuCoin METAUSDTM | −0.065% | +0.0100% | 8h | $1.5M | $139K | 20x | as long as short |
| Coinbase International META-PERP-INTX | −0.056% | +0.0056% | 1h | $644K | $4.9M | 10x | as long as short |
| Gate META_USDT | −0.055% | 0.0000% | 8h | $383K | $3.2M | 100x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.055% | −0.0120% | 8h | $339K | $468K | 20x | as long as short |
| HTX META-USDT | −0.052% | 0.0000% | 8h | $101K | $265K | 30x | as long as short |
| Arcus META-USD | −0.051% | +0.0088% | 1h | $280K | $249K | 10x | as long as short |
| Paradex META-USD-PERPshort | −0.044% | +0.0052% | 8h | — | — | 5x | |
| QFEX META-USD | −0.042% | +0.0028% | 1h | $1.8M | $5.9M | 10x | as long as short |
| Popdex METAUSDT | −0.035% | +0.0048% | 1h | $166K | $155K | 20x | as long as short |
| Vest META-USD-PERP | −0.027% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| tradeXYZ xyz:META | −0.018% | +0.0050% | 1h | $61.6M | $46.5M | 20x | as long as short |
| Nado META-PERP | −0.015% | +0.0018% | 1h | $442K | $87K | 20x | as long as short |
| Polymarket Perps META-USD | −0.014% | +0.0050% | 1h | $648K | $463K | 10x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.011% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Aevo META-PERP | −0.011% | +0.0104% | 1h | $256 | — | 10x | as long as short |
| Aster METAUSDT | −0.005% | 0.0000% | 8h | $439K | $86K | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.001% | 0.0000% | 1h | $29K | $253K | 10x | as long as short |
| Injective META/USDC PERPlong | 0.000% | +0.0220% | 1h | $162K | $135K | 30x | |
| SoDEX META-USD | +0.003% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Extended META_24_5-USD | +0.009% | 0.0000% | 1h | $515K | $1.3M | 17x | as long as short |
| Phemex METAUSDT | +0.011% | −0.0011% | 4h | $1.9M | $5K | 10x | as long as short |
| Bybit METAUSDT | +0.015% | 0.0000% | 8h | $6.8M | $7.3M | 100x | as long as short |
| Bitget METAUSDT | +0.015% | 0.0000% | 8h | $4.9M | $5.9M | 100x | as long as short |
| Lighter META | +0.021% | +0.0032% | 1h | $686K | $2.1M | 20x | as long as short |
| Lighter RH META | +0.025% | +0.0032% | 1h | $666K | $2.4M | 20x | as long as short |
| OKX META-USDT-SWAP | +0.029% | 0.0000% | 8h | $6.1M | $7.4M | 20x | as long as short |
| SunX META-USDT | +0.044% | 0.0000% | 8h | $809 | $8.1M | 20x | as long as short |
| Binance METAUSDT | +0.046% | 0.0000% | 8h | $25.3M | $93.1M | 20x | as long as short |