Spread before costs (cost unknown: a leg has no order-book sample)−0.228%
7d average−0.061%if it closes, per $10,000$23funding while held, a day+$0.55
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter META | 728.09 | 0.0032 | pay 0.0004% / 1h | 36m 47s | $700K | $2.2M | 20x |
| Short | Ondo Perps META-USD.P | 726.43 | 0.0050 | get 0.0006% / 1h | 36m 47s | $846K | $2.8M | 10x |
Lighter META
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
- −$22.8
- Funding while held
- $0.55
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$27.25
- Spread needed to break even
- 0.050%
Slippage unknown: Lighter: live order book, 7 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0018%
- Per $10,000 a day
- +$0.55
- 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 Lighter live order book, 7 min ago | 0.83 bp | 3.0 bp −$3 | 5.5 bp −$55 | 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.edgeX725.88cheapestVariational Omni726.15+0.038%Aftermath Perps726.34+0.064%ApeX Omni726.39+0.071%
Variational Omni
ApeX OmniOndo Perps726.43+0.076%
Phoenix726.51+0.087%Coinbase International727.07+0.164%Phemex727.20+0.182%KuCoin727.22+0.185%Popdex727.26+0.191%Gate727.42+0.213%Bitget727.42+0.213%Paradex727.43+0.215%Nado727.47+0.219%Hotstuff727.48+0.221%Vest727.51+0.225%Binance727.62+0.240%Arcus727.66+0.246%Orderly727.66+0.246%Aevo727.66+0.246%QFEX727.70+0.251%Polymarket Perps727.70+0.251%Bybit727.71+0.253%Extended727.73+0.255%tradeXYZ727.74+0.257%Aster727.78+0.262%OKX727.90+0.279%Injective727.99+0.291%
Phoenix
Coinbase International
Phemex
KuCoin
Popdex
Gate
Bitget
Paradex
Nado
Hotstuff
Vest
Binance
Arcus
Orderly
Aevo
QFEX
Polymarket Perps
Bybit
Extended
tradeXYZ
Aster
OKX
InjectiveLighter728.09+0.305%
HTX728.18+0.317%BloFin728.42+0.350%Deribit728.47+0.357%Lighter RH728.48+0.359%SoDEX728.48+0.359%SunX728.78+0.400%
HTX
BloFin
Deribit
Lighter RH
SoDEX
SunXMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX METAUSDC | −0.304% | +0.0604% | 4h | $61K | $324K | 10x | as long as short |
| Variational Omni META | −0.266% | 0.0000% | 8h | $1.4M | $2.1M | — | as long as short |
| Aftermath Perps METAUSD | −0.240% | +0.0244% | 1h | $44K | $47K | 10x | as long as short |
| ApeX Omni METAUSDT | −0.233% | +0.0100% | 1h | $133K | $56K | 50x | as long as short |
| Ondo Perps META-USD.Pshort | −0.228% | +0.0050% | 1h | $846K | $2.8M | 10x | |
| Phoenix META | −0.217% | +0.0100% | 1h | $283K | $361K | 20x | as long as short |
| Coinbase International META-PERP-INTX | −0.140% | +0.0040% | 1h | $700K | $5.6M | 10x | as long as short |
| Phemex METAUSDT | −0.122% | −0.0115% | 4h | $1.9M | $5K | 10x | as long as short |
| KuCoin METAUSDTM | −0.119% | +0.0100% | 8h | $1.5M | $187K | 20x | as long as short |
| Popdex METAUSDT | −0.114% | +0.0048% | 1h | $174K | $161K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate META_USDT | −0.092% | 0.0000% | 8h | $371K | $3.6M | 100x | as long as short |
| Bitget METAUSDT | −0.092% | 0.0000% | 8h | $5.2M | $7.2M | 100x | as long as short |
| Paradex META-USD-PERP | −0.090% | +0.0051% | 8h | — | — | 5x | as long as short |
| Nado META-PERP | −0.086% | +0.0024% | 1h | $394K | $121K | 20x | as long as short |
| Hotstuff META-PERP | −0.084% | −0.0056% | 1h | $33K | $105 | 20x | as long as short |
| Vest META-USD-PERP | −0.080% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| Binance METAUSDT | −0.065% | 0.0000% | 8h | $25.5M | $109.1M | 20x | as long as short |
| Arcus META-USD | −0.059% | +0.0040% | 1h | $280K | $278K | 10x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.059% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Aevo META-PERP | −0.058% | +0.0104% | 1h | $262 | — | 10x | as long as short |
| QFEX META-USD | −0.054% | +0.0016% | 1h | $1.8M | $7.5M | 10x | as long as short |
| Polymarket Perps META-USD | −0.054% | +0.0050% | 1h | $665K | $474K | 10x | as long as short |
| Bybit METAUSDT | −0.052% | 0.0000% | 8h | $7.6M | $8.7M | 100x | as long as short |
| Extended META_24_5-USD | −0.050% | 0.0000% | 1h | $522K | $1.4M | 17x | as long as short |
| tradeXYZ xyz:META | −0.048% | +0.0050% | 1h | $66.0M | $51.1M | 20x | as long as short |
| Aster METAUSDT | −0.043% | 0.0000% | 8h | $447K | $95K | 20x | as long as short |
| OKX META-USDT-SWAP | −0.026% | 0.0000% | 8h | $5.9M | $9.5M | 20x | as long as short |
| Injective META/USDC PERP | −0.014% | +0.0220% | 1h | $166K | $135K | 30x | as long as short |
| Lighter METAlong | 0.000% | +0.0032% | 1h | $700K | $2.2M | 20x | |
| HTX META-USDT | +0.012% | 0.0000% | 8h | $103K | $269K | 30x | as long as short |
| BloFin META-USDT | +0.045% | −0.0120% | 8h | $326K | $572K | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.052% | +0.0217% | 1h | $28K | $262K | 10x | as long as short |
| Lighter RH META | +0.054% | +0.0032% | 1h | $654K | $2.6M | 20x | as long as short |
| SoDEX META-USD | +0.054% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| SunX META-USDT | +0.095% | 0.0000% | 8h | $788 | $9.2M | 20x | as long as short |