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Price arb /

META

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After costs, if the gap returns to its 7d average, $10k−$28
spread now+0.066%7d average+0.005%fees + slippage, in and out−$35spread needed0.345%
Long on NadoShort on tradeXYZ
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado META-PERP741.490.0003pay 0.0000% / 1h3m 42s$392K$173K20x
ShorttradeXYZ xyz:META741.980.0050get 0.0006% / 1h3m 42s$69.5M$68.5M20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$6.64
Funding while held
$1.4
Slippage, 4 orders
−$9.51
Fee Nado: 3.5 bp × 2 orders
−$7
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$26.47
Spread needed to break even
0.345%
Slippage from Nado: live order book, 36 min ago; tradeXYZ: live order book, 7 min ago.

Cost of waiting

funding view
Funding /8h
+0.0047%
Per $10,000 a day
+$1.40
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 36 min ago2.58 bp9.5 bp −$1020.7 bp −$207doesn't fitdoesn't fit
Sell tradeXYZ live order book, 7 min ago0.07 bp9.1 bp −$99.5 bp −$95doesn't fitdoesn't fit

META price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni740.90cheapestPhoenix740.96+0.008%Aster741.23+0.045%HTX741.28+0.051%Aevo741.33+0.058%edgeX741.40+0.067%Coinbase International741.42+0.070%Deribit741.43+0.072%Ondo Perps741.44+0.073%Gate741.45+0.074%
Nado741.49+0.079%
SoDEX741.52+0.084%Phemex741.54+0.086%Orderly741.55+0.088%BloFin741.59+0.093%Variational Omni741.60+0.094%Hotstuff741.61+0.096%Polymarket Perps741.71+0.109%Paradex741.71+0.109%Popdex741.73+0.112%SunX741.78+0.119%KuCoin741.86+0.130%QFEX741.88+0.132%Arcus741.93+0.139%Binance741.93+0.139%Lighter RH741.96+0.143%Aftermath Perps741.96+0.143%
tradeXYZ741.98+0.146%
Lighter742.01+0.150%Vest742.03+0.153%Bitget742.09+0.161%Extended742.10+0.162%Bybit742.13+0.166%OKX742.26+0.184%Injective743.22+0.313%

META on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni METAUSDT−0.079%+0.0100%1h$166K$72K50xas long as short
Phoenix META−0.071%+0.0055%1h$274K$513K20xas long as short
Aster METAUSDT−0.034%0.0000%8h$456K$193K20xas long as short
HTX META-USDT−0.028%0.0000%8h$105K$280K30xas long as short
Aevo META-PERP−0.022%+0.0104%1h$267—10xas long as short
edgeX METAUSDC−0.012%+0.0664%4h$62K$327K10xas long as short
Coinbase International META-PERP-INTX−0.009%+0.0048%1h$640K$6.3M10xas long as short
Deribit META_USDC-PERPETUAL−0.008%0.0000%1h$28K$266K10xas long as short
Ondo Perps META-USD.P−0.006%+0.0050%1h$739K$3.3M10xas long as short
Gate META_USDT−0.005%0.0000%8h$342K$4.4M100xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado META-PERPlong0.000%+0.0003%1h$392K$173K20x
SoDEX META-USD+0.004%+0.0050%1h$24K$3K10xas long as short
Phemex METAUSDT+0.007%0.0000%4h$2.0M$5K10xas long as short
Orderly PERP_META_USDC_mythos+0.008%+0.0100%8h$1K—10xas long as short
BloFin META-USDT+0.014%−0.0017%8h$332K$919K20xas long as short
Variational Omni META+0.015%0.0000%8h$1.5M$2.2M—as long as short
Hotstuff META-PERP+0.017%+0.0008%1h$33K$10520xas long as short
Polymarket Perps META-USD+0.030%+0.0050%1h$672K$484K10xas long as short
Paradex META-USD-PERP+0.030%+0.0051%8h——5xas long as short
Popdex METAUSDT+0.033%+0.0048%1h$172K$183K20xas long as short
SunX META-USDT+0.039%0.0000%8h$860$9.3M20xas long as short
KuCoin METAUSDTM+0.050%+0.0100%8h$1.6M$266K20xas long as short
QFEX META-USD+0.053%+0.0020%1h$1.9M$10.4M10xas long as short
Arcus META-USD+0.060%+0.0325%1h$269K$302K10xas long as short
Binance METAUSDT+0.060%0.0000%8h$26.5M$137.4M20xas long as short
Lighter RH META+0.064%+0.0032%1h$706K$2.8M20xas long as short
Aftermath Perps METAUSD+0.064%+0.0289%1h$44K$45K10xas long as short
tradeXYZ xyz:METAshort+0.066%+0.0050%1h$69.5M$68.5M20x
Lighter META+0.070%+0.0072%1h$856K$2.5M20xas long as short
Vest META-USD-PERP+0.073%+0.0046%1h—$9K25xas long as short
Bitget METAUSDT+0.081%0.0000%8h$5.7M$8.9M100xas long as short
Extended META_24_5-USD+0.082%0.0000%1h$552K$1.4M17xas long as short
Bybit METAUSDT+0.087%0.0000%8h$7.9M$10.4M100xas long as short
OKX META-USDT-SWAP+0.104%0.0000%8h$6.0M$10.8M20xas long as short
Injective META/USDC PERP+0.234%+0.0220%1h$169K$101K30xas long as short