After costs, if the gap returns to its 7d average, $10k−$60
spread now+0.178%7d average+0.038%fees + slippage, in and out−$74spread needed0.741%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin METAUSDTM | 740.64 | 0.0100 | pay 0.0100% / 8h | 6h 09m | $1.6M | $257K | 20x |
| Short | QFEX META-USD | 741.96 | 0.0020 | get 0.0002% / 1h | 9m 55s | $1.9M | $10.2M | 10x |
KuCoin METAUSDTM
QFEX META-USDPrice 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
- $17.82
- Funding while held
- −$2.41
- Slippage, 4 orders
- −$52.13
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$58.71
- Spread needed to break even
- 0.741%
Slippage from KuCoin: live order book, 2 min ago; QFEX: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0080%
- Per $10,000 a day
- −$2.41
- 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, 2 min ago | 7.28 bp | 22.4 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.75 bp | 6.7 bp −$7 | 7.8 bp −$78 | 18.2 bp −$1,823 | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Gate740.37cheapest
GateKuCoin740.64+0.036%
OKX740.94+0.077%Bitget740.95+0.078%Bybit740.99+0.084%Binance741.15+0.105%tradeXYZ741.45+0.146%Deribit741.45+0.146%Extended741.47+0.149%Aster741.50+0.153%Coinbase International741.51+0.154%SoDEX741.62+0.169%Aevo741.64+0.172%Lighter RH741.67+0.176%Paradex741.70+0.180%Nado741.72+0.182%Polymarket Perps741.74+0.185%Orderly741.77+0.189%SunX741.88+0.204%Popdex741.89+0.205%Lighter741.92+0.209%
OKX
Bitget
Bybit
Binance
tradeXYZ
Deribit
Extended
Aster
Coinbase International
SoDEX
Aevo
Lighter RH
Paradex
Nado
Polymarket Perps
Orderly
SunX
Popdex
LighterQFEX741.96+0.215%
Arcus742.02+0.223%Hotstuff742.03+0.224%HTX742.10+0.234%BloFin742.10+0.234%Phemex742.14+0.239%Aftermath Perps742.22+0.249%Ondo Perps742.26+0.255%Variational Omni742.37+0.270%Vest742.39+0.273%ApeX Omni742.80+0.328%Injective742.83+0.332%Phoenix743.30+0.396%edgeX743.68+0.447%
Arcus
Hotstuff
HTX
BloFin
Phemex
Ondo Perps
Variational Omni
Vest
ApeX Omni
Injective
PhoenixMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate META_USDT | −0.036% | 0.0000% | 8h | $342K | $4.4M | 100x | as long as short |
| KuCoin METAUSDTMlong | 0.000% | +0.0100% | 8h | $1.6M | $257K | 20x | |
| OKX META-USDT-SWAP | +0.041% | 0.0000% | 8h | $6.0M | $10.7M | 20x | as long as short |
| Bitget METAUSDT | +0.042% | 0.0000% | 8h | $5.7M | $8.9M | 100x | as long as short |
| Bybit METAUSDT | +0.047% | 0.0000% | 8h | $7.8M | $10.2M | 100x | as long as short |
| Binance METAUSDT | +0.069% | 0.0000% | 8h | $26.5M | $135.6M | 20x | as long as short |
| tradeXYZ xyz:META | +0.109% | +0.0050% | 1h | $71.8M | $66.0M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.109% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Extended META_24_5-USD | +0.112% | 0.0000% | 1h | $552K | $1.4M | 17x | as long as short |
| Aster METAUSDT | +0.116% | 0.0000% | 8h | $456K | $180K | 20x | as long as short |