After costs, if the gap returns to its 7d average, $10k−$34
spread now−0.028%7d average+0.037%fees + slippage, in and out−$27spread needed0.274%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado META-PERP | 737.71 | 0.0015 | pay 0.0002% / 1h | 28m 31s | $390K | $173K | 20x |
| Short | Popdex METAUSDT | 737.50 | 0.0048 | get 0.0006% / 1h | 28m 31s | $173K | $174K | 20x |
Nado META-PERP
Popdex 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
- −$2.8
- Funding while held
- $0.98
- Slippage, 4 orders
- −$14
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$29.22
- Spread needed to break even
- 0.274%
Slippage from Nado: live order book, 11 min ago; Popdex: live order book, 12 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0033%
- Per $10,000 a day
- +$0.98
- 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, 11 min ago | 2.58 bp | 9.5 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 12 min ago | 1.02 bp | 6.5 bp −$6 | 16.1 bp −$161 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Phoenix737.29cheapestGate737.37+0.011%Bybit737.49+0.027%
Phoenix
Gate
BybitPopdex737.50+0.028%
Binance737.51+0.030%OKX737.52+0.031%KuCoin737.63+0.046%Coinbase International737.68+0.053%Variational Omni737.70+0.055%QFEX737.70+0.056%
Binance
OKX
KuCoin
Coinbase International
Variational Omni
QFEXNado737.71+0.057%
Bitget737.71+0.057%Ondo Perps737.76+0.064%ApeX Omni737.78+0.066%Aftermath Perps737.78+0.067%Paradex737.81+0.070%Hotstuff737.83+0.073%HTX737.84+0.075%Deribit737.85+0.076%Extended737.91+0.084%Aster737.91+0.084%Arcus737.91+0.084%SoDEX737.91+0.084%tradeXYZ737.95+0.090%Aevo738.02+0.100%Phemex738.04+0.102%Polymarket Perps738.06+0.104%Lighter RH738.08+0.107%Orderly738.14+0.115%edgeX738.17+0.119%SunX738.18+0.121%Lighter738.26+0.132%BloFin738.29+0.136%Vest738.40+0.151%Injective740.12+0.384%
Bitget
Ondo Perps
ApeX Omni
Paradex
Hotstuff
HTX
Deribit
Extended
Aster
Arcus
SoDEX
tradeXYZ
Aevo
Phemex
Polymarket Perps
Lighter RH
Orderly
SunX
Lighter
BloFin
Vest
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix META | −0.056% | +0.0055% | 1h | $252K | $513K | 20x | as long as short |
| Gate META_USDT | −0.046% | 0.0000% | 8h | $354K | $4.1M | 100x | as long as short |
| Bybit METAUSDT | −0.029% | 0.0000% | 8h | $7.6M | $9.7M | 100x | as long as short |
| Popdex METAUSDTshort | −0.028% | +0.0048% | 1h | $173K | $174K | 20x | |
| Binance METAUSDT | −0.027% | 0.0000% | 8h | $25.8M | $127.6M | 20x | as long as short |
| OKX META-USDT-SWAP | −0.025% | 0.0000% | 8h | $5.9M | $10.2M | 20x | as long as short |
| KuCoin METAUSDTM | −0.010% | +0.0100% | 8h | $1.5M | $207K | 20x | as long as short |
| Coinbase International META-PERP-INTX | −0.004% | +0.0048% | 1h | $648K | $6.1M | 10x | as long as short |
| Variational Omni META | −0.001% | 0.0000% | 8h | $1.5M | $2.1M | — | as long as short |
| QFEX META-USD | −0.001% | +0.0020% | 1h | $1.8M | $9.4M | 10x | as long as short |