Spread before costs (cost unknown: a leg has no order-book sample)+0.012%
7d average+0.075%if it closes, per $10,000$1funding while held, a day−$1.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps META-USD.P | 712.35 | 0.0050 | pay 0.0006% / 1h | 29m 23s | $918K | $2.3M | 10x |
| Short | Variational Omni META | 712.43 | 0 | get 0.0000% / 8h | 1h 29m | $1.4M | $1.9M | — |
Ondo Perps META-USD.P
Variational Omni METAPrice 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
- $1.16
- Funding while held
- −$1.51
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$5.35
- Spread needed to break even
- 0.050%
Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.51
- 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 1 min ago | 2.46 bp | doesn't fit | 14.6 bp −$146 | doesn't fit | doesn't fit |
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.tradeXYZ710.88cheapestKuCoin710.99+0.015%Gate711.07+0.027%Polymarket Perps711.13+0.035%Popdex711.17+0.041%Coinbase International711.28+0.056%ApeX Omni711.30+0.059%Nado711.34+0.064%Deribit711.38+0.070%Extended711.44+0.079%Binance711.45+0.080%SoDEX711.48+0.084%Aevo711.49+0.086%HTX711.53+0.091%Orderly711.62+0.104%Bitget711.65+0.108%Bybit711.69+0.114%Vest711.73+0.120%Lighter RH711.80+0.129%BloFin711.91+0.145%OKX711.92+0.146%Phemex711.94+0.149%Lighter711.98+0.155%Aftermath Perps712.03+0.162%Hotstuff712.17+0.181%SunX712.18+0.183%
tradeXYZ
KuCoin
Gate
Polymarket Perps
Popdex
Coinbase International
ApeX Omni
Nado
Deribit
Extended
Binance
SoDEX
Aevo
HTX
Orderly
Bitget
Bybit
Vest
Lighter RH
BloFin
OKX
Phemex
Lighter
Hotstuff
SunXOndo Perps712.35+0.207%
Variational Omni712.43+0.218%
Paradex712.45+0.221%Phoenix712.51+0.229%Aster712.52+0.231%QFEX712.54+0.234%edgeX712.63+0.246%Arcus712.75+0.263%Injective713.75+0.404%
Paradex
Phoenix
Aster
QFEX
Arcus
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:META | −0.206% | +0.0050% | 1h | $62.7M | $42.2M | 20x | as long as short |
| KuCoin METAUSDTM | −0.191% | +0.0100% | 8h | $1.5M | $121K | 20x | as long as short |
| Gate META_USDT | −0.180% | 0.0000% | 8h | $393K | $2.9M | 100x | as long as short |
| Polymarket Perps META-USD | −0.171% | +0.0050% | 1h | $647K | $465K | 10x | as long as short |
| Popdex METAUSDT | −0.166% | +0.0048% | 1h | $163K | $147K | 20x | as long as short |
| Coinbase International META-PERP-INTX | −0.150% | +0.0080% | 1h | $682K | $4.3M | 10x | as long as short |
| ApeX Omni METAUSDT | −0.147% | +0.0100% | 1h | $111K | $46K | 50x | as long as short |
| Nado META-PERP | −0.142% | +0.0035% | 1h | $441K | $69K | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.136% | 0.0000% | 1h | $29K | $246K | 10x | as long as short |
| Extended META_24_5-USD | −0.127% | +0.0016% | 1h | $509K | $1.3M | 17x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance METAUSDT | −0.127% | +0.0020% | 8h | $25.7M | $77.1M | 20x | as long as short |
| SoDEX META-USD | −0.122% | +0.0050% | 1h | $23K | $3K | 10x | as long as short |
| Aevo META-PERP | −0.120% | +0.0104% | 1h | $256 | — | 10x | as long as short |
| HTX META-USDT | −0.115% | 0.0000% | 8h | $101K | $264K | 30x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.102% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Bitget METAUSDT | −0.098% | 0.0000% | 8h | $4.8M | $5.6M | 100x | as long as short |
| Bybit METAUSDT | −0.093% | +0.0017% | 8h | $6.6M | $6.5M | 100x | as long as short |
| Vest META-USD-PERP | −0.087% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| Lighter RH META | −0.077% | +0.0032% | 1h | $754K | $2.3M | 20x | as long as short |
| BloFin META-USDT | −0.062% | −0.0100% | 8h | $343K | $419K | 20x | as long as short |
| OKX META-USDT-SWAP | −0.060% | 0.0000% | 8h | $6.1M | $6.7M | 20x | as long as short |
| Phemex METAUSDT | −0.058% | −0.0171% | 4h | $1.9M | $4K | 10x | as long as short |
| Lighter META | −0.052% | +0.0032% | 1h | $702K | $2.0M | 20x | as long as short |
| Aftermath Perps METAUSD | −0.045% | +0.0256% | 1h | $43K | $48K | 10x | as long as short |
| Hotstuff META-PERP | −0.025% | −0.0032% | 1h | $32K | $105 | 20x | as long as short |
| SunX META-USDT | −0.024% | 0.0000% | 8h | $784 | $6.5M | 20x | as long as short |
| Ondo Perps META-USD.Plong | 0.000% | +0.0050% | 1h | $918K | $2.3M | 10x | |
| Variational Omni METAshort | +0.012% | 0.0000% | 8h | $1.4M | $1.9M | — | |
| Paradex META-USD-PERP | +0.014% | +0.0056% | 8h | — | — | 5x | as long as short |
| Phoenix META | +0.022% | +0.0169% | 1h | $230K | $255K | 20x | as long as short |
| Aster METAUSDT | +0.024% | 0.0000% | 8h | $451K | $78K | 20x | as long as short |
| QFEX META-USD | +0.027% | +0.0033% | 1h | $1.8M | $5.2M | 10x | as long as short |
| edgeX METAUSDC | +0.039% | +0.0732% | 4h | $60K | $324K | 10x | as long as short |
| Arcus META-USD | +0.056% | +0.0356% | 1h | $283K | $239K | 10x | as long as short |
| Injective META/USDC PERP | +0.197% | +0.0147% | 1h | $162K | $164K | 30x | as long as short |