Spread before costs (cost unknown: a leg has no order-book sample)−0.008%
7d average—if it closes, per $10,000$1funding while held, a day+$3.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH META | 727.05 | 0.0032 | pay 0.0004% / 1h | 38m 22s | $637K | $2.6M | 20x |
| Short | Hotstuff META-PERP | 726.99 | 0.0136 | get 0.0017% / 1h | 38m 22s | $32K | $105 | 20x |
Lighter RH META
Hotstuff META-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
- −$0.83
- Funding while held
- $3.12
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$2.71
- Spread needed to break even
- 0.050%
Slippage unknown: Lighter RH: live order book, 1 min ago; Hotstuff: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0104%
- Per $10,000 a day
- +$3.12
- 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 RH live order book, 1 min ago | 1.86 bp | 2.0 bp −$2 | 5.8 bp −$58 | 37.0 bp −$3,702 | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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.Coinbase International725.34cheapestPhemex725.90+0.077%Deribit725.95+0.084%SoDEX726.02+0.094%ApeX Omni726.14+0.110%Aftermath Perps726.14+0.110%Variational Omni726.15+0.112%edgeX726.20+0.119%Aevo726.26+0.127%HTX726.29+0.131%SunX726.39+0.145%BloFin726.39+0.145%OKX726.42+0.149%tradeXYZ726.46+0.154%KuCoin726.46+0.154%Gate726.48+0.157%Phoenix726.51+0.161%Bybit726.52+0.163%Aster726.55+0.167%Orderly726.57+0.170%Binance726.58+0.171%Vest726.58+0.171%QFEX726.71+0.189%Arcus726.72+0.190%Nado726.74+0.193%Popdex726.77+0.197%Polymarket Perps726.77+0.197%Paradex726.80+0.201%Ondo Perps726.84+0.207%Extended726.87+0.210%Bitget726.90+0.215%Injective726.96+0.223%
Coinbase International
Phemex
Deribit
SoDEX
ApeX Omni
Variational Omni
Aevo
HTX
SunX
BloFin
OKX
tradeXYZ
KuCoin
Gate
Phoenix
Bybit
Aster
Orderly
Binance
Vest
QFEX
Arcus
Nado
Popdex
Polymarket Perps
Paradex
Ondo Perps
Extended
Bitget
InjectiveHotstuff726.99+0.227%
Lighter727.02+0.232%
LighterLighter RH727.05+0.236%
META on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International META-PERP-INTX | −0.235% | +0.0040% | 1h | $699K | $5.6M | 10x | as long as short |
| Phemex METAUSDT | −0.158% | −0.0092% | 4h | $1.9M | $5K | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.151% | 0.0000% | 1h | $28K | $260K | 10x | as long as short |
| SoDEX META-USD | −0.142% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| ApeX Omni METAUSDT | −0.125% | +0.0100% | 1h | $133K | $56K | 50x | as long as short |
| Aftermath Perps METAUSD | −0.125% | +0.0244% | 1h | $44K | $47K | 10x | as long as short |
| Variational Omni META | −0.123% | 0.0000% | 8h | $1.4M | $2.1M | — | as long as short |
| edgeX METAUSDC | −0.117% | +0.0478% | 4h | $61K | $324K | 10x | as long as short |
| Aevo META-PERP | −0.108% | +0.0104% | 1h | $261 | — | 10x | as long as short |
| HTX META-USDT | −0.105% | 0.0000% | 8h | $103K | $269K | 30x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX META-USDT | −0.091% | 0.0000% | 8h | $745 | $9.2M | 20x | as long as short |
| BloFin META-USDT | −0.091% | −0.0120% | 8h | $325K | $567K | 20x | as long as short |
| OKX META-USDT-SWAP | −0.087% | 0.0000% | 8h | $5.8M | $9.4M | 20x | as long as short |
| tradeXYZ xyz:META | −0.081% | +0.0050% | 1h | $66.0M | $51.0M | 20x | as long as short |
| KuCoin METAUSDTM | −0.081% | +0.0100% | 8h | $1.4M | $186K | 20x | as long as short |
| Gate META_USDT | −0.078% | 0.0000% | 8h | $371K | $3.6M | 100x | as long as short |
| Phoenix META | −0.074% | +0.0100% | 1h | $282K | $361K | 20x | as long as short |
| Bybit METAUSDT | −0.073% | 0.0000% | 8h | $7.6M | $8.7M | 100x | as long as short |
| Aster METAUSDT | −0.069% | 0.0000% | 8h | $447K | $95K | 20x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.066% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Binance METAUSDT | −0.065% | 0.0000% | 8h | $25.4M | $108.3M | 20x | as long as short |
| Vest META-USD-PERP | −0.065% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| QFEX META-USD | −0.047% | +0.0016% | 1h | $1.8M | $7.4M | 10x | as long as short |
| Arcus META-USD | −0.045% | +0.0040% | 1h | $280K | $278K | 10x | as long as short |
| Nado META-PERP | −0.043% | +0.0025% | 1h | $394K | $121K | 20x | as long as short |
| Popdex METAUSDT | −0.039% | +0.0048% | 1h | $173K | $161K | 20x | as long as short |
| Polymarket Perps META-USD | −0.039% | +0.0050% | 1h | $664K | $474K | 10x | as long as short |
| Paradex META-USD-PERP | −0.035% | +0.0051% | 8h | — | — | 5x | as long as short |
| Ondo Perps META-USD.P | −0.029% | +0.0050% | 1h | $846K | $2.8M | 10x | as long as short |
| Extended META_24_5-USD | −0.025% | 0.0000% | 1h | $522K | $1.4M | 17x | as long as short |
| Bitget METAUSDT | −0.021% | 0.0000% | 8h | $5.2M | $7.2M | 100x | as long as short |
| Injective META/USDC PERP | −0.012% | +0.0220% | 1h | $165K | $135K | 30x | as long as short |
| Hotstuff META-PERPshort | −0.008% | +0.0136% | 1h | $32K | $105 | 20x | |
| Lighter META | −0.004% | +0.0032% | 1h | $699K | $2.2M | 20x | as long as short |
| Lighter RH METAlong | 0.000% | +0.0032% | 1h | $637K | $2.6M | 20x |