After costs, if the gap returns to its 7d average, $10k−$106
spread now+0.058%7d average+0.056%fees + slippage, in and out−$106spread needed1.059%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado META-PERP | 737.62 | 0.0017 | pay 0.0002% / 1h | 27m 22s | $390K | $173K | 20x |
| Short | Phemex METAUSDT | 738.04 | 0 | get 0.0000% / 4h | 2h 27m | $2.0M | $5K | 10x |
Nado META-PERP
Phemex METAUSDTPrice 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
- $5.76
- Funding while held
- −$0.5
- Slippage, 4 orders
- −$86.89
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$100.63
- Spread needed to break even
- 1.059%
Slippage from Nado: live order book, 12 min ago; Phemex: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0017%
- Per $10,000 a day
- −$0.50
- 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 Nado live order book, 12 min ago | 2.58 bp | 9.5 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 1.97 bp | 47.9 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Phoenix737.29cheapestGate737.32+0.004%Bybit737.51+0.030%Hotstuff737.52+0.031%ApeX Omni737.54+0.034%Lighter RH737.56+0.037%Binance737.60+0.042%
Phoenix
Gate
Bybit
Hotstuff
ApeX Omni
Lighter RH
BinanceNado737.62+0.044%
Variational Omni737.70+0.055%Ondo Perps737.74+0.061%KuCoin737.77+0.065%Paradex737.78+0.066%Deribit737.80+0.069%Bitget737.83+0.073%SoDEX737.87+0.079%Aster737.91+0.084%Extended737.92+0.085%Aftermath Perps737.95+0.089%QFEX737.95+0.090%HTX737.96+0.091%Lighter737.99+0.095%BloFin737.99+0.095%Popdex738.02+0.099%
Variational Omni
Ondo Perps
KuCoin
Paradex
Deribit
Bitget
SoDEX
Aster
Extended
QFEX
HTX
Lighter
BloFin
PopdexPhemex738.04+0.102%
Arcus738.05+0.103%tradeXYZ738.10+0.110%edgeX738.10+0.110%Polymarket Perps738.11+0.111%OKX738.12+0.113%SunX738.12+0.113%Aevo738.12+0.113%Orderly738.17+0.119%Coinbase International738.30+0.137%Vest738.42+0.153%Injective740.12+0.384%
Arcus
tradeXYZ
Polymarket Perps
OKX
SunX
Aevo
Orderly
Coinbase International
Vest
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix META | −0.044% | +0.0055% | 1h | $252K | $513K | 20x | as long as short |
| Gate META_USDT | −0.040% | 0.0000% | 8h | $354K | $4.1M | 100x | as long as short |
| Bybit METAUSDT | −0.014% | 0.0000% | 8h | $7.6M | $9.7M | 100x | as long as short |
| Hotstuff META-PERP | −0.013% | −0.0024% | 1h | $33K | $105 | 20x | as long as short |
| ApeX Omni METAUSDT | −0.010% | +0.0100% | 1h | $135K | $57K | 50x | as long as short |
| Lighter RH META | −0.007% | +0.0032% | 1h | $706K | $2.7M | 20x | as long as short |
| Binance METAUSDT | −0.003% | 0.0000% | 8h | $25.8M | $128.2M | 20x | as long as short |
| Nado META-PERPlong | 0.000% | +0.0017% | 1h | $390K | $173K | 20x | |
| Variational Omni META | +0.011% | 0.0000% | 8h | $1.5M | $2.1M | — | as long as short |
| Ondo Perps META-USD.P | +0.017% | +0.0050% | 1h | $755K | $3.1M | 10x | as long as short |