After costs, if the gap returns to its 7d average, $10k−$30
spread now+0.166%7d average−0.361%fees + slippage, in and out−$82spread needed0.823%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective META/USDC PERP | 710.19 | 0.0220 | pay 0.0028% / 1h | 39m 40s | $162K | $135K | 30x |
| Short | Phoenix META | 711.37 | 0.0090 | get 0.0011% / 1h | 39m 40s | $230K | $284K | 20x |
Injective META/USDC PERP
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
- $16.62
- Funding while held
- −$3.89
- Slippage, 4 orders
- −$75.31
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$69.6
- Spread needed to break even
- 0.823%
Slippage from Injective: live order book, 11 min ago; Phoenix: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0130%
- Per $10,000 a day
- −$3.89
- 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, 11 min ago | 19.07 bp | 19.1 bp −$19 | 9886.1 bp −$98.9K | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 8 min ago | 2.96 bp | 10.2 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Injective710.19cheapest
Aftermath Perps710.95+0.107%ApeX Omni711.24+0.148%
ApeX OmniPhoenix711.37+0.166%
edgeX711.49+0.183%Variational Omni711.84+0.233%Phemex712.38+0.308%Ondo Perps712.83+0.372%Paradex713.11+0.411%Lighter RH713.12+0.413%Bybit713.12+0.413%Coinbase International713.14+0.415%OKX713.15+0.417%Binance713.15+0.417%tradeXYZ713.19+0.422%BloFin713.19+0.422%Hotstuff713.21+0.425%Gate713.24+0.429%Lighter713.25+0.431%Nado713.25+0.431%Arcus713.34+0.444%KuCoin713.34+0.444%QFEX713.46+0.460%Bitget713.49+0.465%Vest713.49+0.465%Aster713.53+0.471%Popdex713.55+0.473%HTX713.57+0.476%Extended713.61+0.482%SoDEX713.67+0.490%Polymarket Perps713.72+0.497%Deribit713.74+0.500%Aevo713.75+0.502%SunX713.81+0.510%Orderly714.01+0.538%
Variational Omni
Phemex
Ondo Perps
Paradex
Lighter RH
Bybit
Coinbase International
OKX
Binance
tradeXYZ
BloFin
Hotstuff
Gate
Lighter
Nado
Arcus
KuCoin
QFEX
Bitget
Vest
Aster
Popdex
HTX
Extended
SoDEX
Polymarket Perps
Deribit
Aevo
SunX
OrderlyMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective META/USDC PERPlong | 0.000% | +0.0220% | 1h | $162K | $135K | 30x | |
| Aftermath Perps METAUSD | +0.107% | +0.0258% | 1h | $43K | $48K | 10x | as long as short |
| ApeX Omni METAUSDT | +0.148% | +0.0100% | 1h | $111K | $46K | 50x | as long as short |
| Phoenix METAshort | +0.166% | +0.0090% | 1h | $230K | $284K | 20x | |
| edgeX METAUSDC | +0.183% | +0.0915% | 4h | $60K | $322K | 10x | as long as short |
| Variational Omni META | +0.233% | 0.0000% | 8h | $1.4M | $1.9M | — | as long as short |
| Phemex METAUSDT | +0.308% | 0.0000% | 4h | $1.9M | $5K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.372% | +0.0050% | 1h | $898K | $2.5M | 10x | as long as short |
| Paradex META-USD-PERP | +0.411% | +0.0053% | 8h | — | — | 5x | as long as short |
| Lighter RH META | +0.413% | +0.0032% | 1h | $679K | $2.4M | 20x | as long as short |