Spread before costs (cost unknown: a leg has no order-book sample)+0.040%
7d average−0.022%if it closes, per $10,000$4funding while held, a day−$1.49
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin METAUSDTM | 744.01 | 0.0100 | pay 0.0100% / 8h | 5h 03m | $1.6M | $289K | 20x |
| Short | Ondo Perps META-USD.P | 744.31 | 0.0050 | get 0.0006% / 1h | 3m 09s | $712K | $3.6M | 10x |
KuCoin METAUSDTM
Ondo Perps META-USD.PPrice 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
- $4.03
- Funding while held
- −$1.49
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$14.46
- Spread needed to break even
- 0.170%
Slippage unknown: KuCoin: live order book, 9 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.49
- 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 KuCoin live order book, 9 min ago | 5.76 bp | 19.5 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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.Gate743.94cheapest
GateKuCoin744.01+0.009%
Nado744.29+0.047%
NadoOndo Perps744.31+0.050%
Hotstuff744.43+0.066%OKX744.48+0.073%Paradex744.50+0.076%tradeXYZ744.52+0.078%Bybit744.55+0.082%QFEX744.57+0.085%Injective744.57+0.085%Aster744.59+0.087%Arcus744.59+0.087%Binance744.61+0.090%Deribit744.62+0.091%Extended744.62+0.092%BloFin744.63+0.093%Aevo744.64+0.094%Popdex744.64+0.094%Orderly744.64+0.094%Bitget744.69+0.101%Coinbase International744.72+0.105%Lighter RH744.73+0.106%HTX744.73+0.106%Polymarket Perps744.74+0.108%SoDEX744.76+0.110%SunX744.83+0.120%ApeX Omni744.94+0.134%Lighter744.98+0.140%Phemex745.11+0.157%edgeX745.11+0.158%Vest745.42+0.199%Phoenix745.68+0.234%Aftermath Perps745.69+0.235%Variational Omni746.17+0.300%
Hotstuff
OKX
Paradex
tradeXYZ
Bybit
QFEX
Injective
Aster
Arcus
Binance
Deribit
Extended
BloFin
Aevo
Popdex
Orderly
Bitget
Coinbase International
Lighter RH
HTX
Polymarket Perps
SoDEX
SunX
ApeX Omni
Lighter
Phemex
Vest
Phoenix
Variational OmniMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate META_USDT | −0.009% | 0.0000% | 8h | $359K | $4.8M | 100x | as long as short |
| KuCoin METAUSDTMlong | 0.000% | +0.0100% | 8h | $1.6M | $289K | 20x | |
| Nado META-PERP | +0.038% | −0.0019% | 1h | $393K | $215K | 20x | as long as short |
| Ondo Perps META-USD.Pshort | +0.040% | +0.0050% | 1h | $712K | $3.6M | 10x | |
| Hotstuff META-PERP | +0.056% | +0.0240% | 1h | $33K | $105 | 20x | as long as short |
| OKX META-USDT-SWAP | +0.063% | 0.0000% | 8h | $6.1M | $12.2M | 20x | as long as short |
| Paradex META-USD-PERP | +0.066% | +0.0050% | 8h | — | — | 5x | as long as short |
| tradeXYZ xyz:META | +0.069% | +0.0050% | 1h | $77.3M | $92.2M | 20x | as long as short |
| Bybit METAUSDT | +0.073% | 0.0000% | 8h | $8.0M | $11.7M | 100x | as long as short |
| QFEX META-USD | +0.075% | +0.0026% | 1h | $2.2M | $12.4M | 10x | as long as short |