Spread before costs (cost unknown: a leg has no order-book sample)−0.013%
7d average—if it closes, per $10,000$1funding while held, a day+$0.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex META-USD-PERP | 733.34 | 0.0051 | pay 0.0051% / 8h | 6h 51m | — | — | 5x |
| Short | Hotstuff META-PERP | 733.25 | 0.0056 | get 0.0007% / 1h | 51m 56s | $33K | $105 | 20x |
Paradex META-USD-PERP
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
- −$1.27
- Funding while held
- $0.16
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$10.11
- Spread needed to break even
- 0.090%
Slippage unknown: Paradex: no order-book sample; Hotstuff: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0005%
- Per $10,000 a day
- +$0.16
- 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Paradex and 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.Injective728.14cheapestVariational Omni729.74+0.220%Phoenix730.45+0.317%Ondo Perps730.82+0.368%edgeX730.89+0.377%ApeX Omni730.97+0.389%Aftermath Perps731.06+0.401%Nado732.47+0.595%Binance732.69+0.625%Gate732.77+0.636%BloFin732.83+0.644%Bitget732.85+0.647%KuCoin732.89+0.652%OKX732.91+0.655%Bybit732.93+0.658%tradeXYZ732.97+0.663%Extended733.01+0.670%HTX733.11+0.683%QFEX733.13+0.685%Popdex733.19+0.694%SoDEX733.20+0.695%Aster733.21+0.697%
Injective
Variational Omni
Phoenix
Ondo Perps
ApeX Omni
Nado
Binance
Gate
BloFin
Bitget
KuCoin
OKX
Bybit
tradeXYZ
Extended
HTX
QFEX
Popdex
SoDEX
AsterHotstuff733.25+0.702%
Aevo733.26+0.704%Arcus733.28+0.706%Deribit733.28+0.706%SunX733.31+0.710%
Aevo
Arcus
Deribit
SunXParadex733.34+0.715%
Polymarket Perps733.38+0.720%Coinbase International733.43+0.727%Lighter RH733.44+0.728%Phemex733.44+0.728%Lighter733.48+0.733%Orderly733.55+0.743%Vest733.56+0.744%
Polymarket Perps
Coinbase International
Lighter RH
Phemex
Lighter
Orderly
VestMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective META/USDC PERP | −0.710% | +0.0220% | 1h | $166K | $101K | 30x | as long as short |
| Variational Omni META | −0.491% | 0.0000% | 8h | $1.4M | $2.1M | — | as long as short |
| Phoenix META | −0.395% | +0.0055% | 1h | $250K | $513K | 20x | as long as short |
| Ondo Perps META-USD.P | −0.344% | +0.0050% | 1h | $756K | $3.0M | 10x | as long as short |
| edgeX METAUSDC | −0.335% | +0.0451% | 4h | $61K | $325K | 10x | as long as short |
| ApeX Omni METAUSDT | −0.324% | +0.0100% | 1h | $134K | $57K | 50x | as long as short |
| Aftermath Perps METAUSD | −0.311% | +0.0266% | 1h | $43K | $47K | 10x | as long as short |
| Nado META-PERP | −0.119% | −0.0034% | 1h | $388K | $172K | 20x | as long as short |
| Binance METAUSDT | −0.089% | 0.0000% | 8h | $25.2M | $119.5M | 20x | as long as short |
| Gate META_USDT | −0.078% | 0.0000% | 8h | $345K | $3.9M | 100x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.070% | −0.0120% | 8h | $326K | $640K | 20x | as long as short |
| Bitget METAUSDT | −0.067% | 0.0000% | 8h | $5.2M | $7.9M | 100x | as long as short |
| KuCoin METAUSDTM | −0.062% | +0.0100% | 8h | $1.5M | $197K | 20x | as long as short |
| OKX META-USDT-SWAP | −0.059% | 0.0000% | 8h | $5.9M | $9.9M | 20x | as long as short |
| Bybit METAUSDT | −0.056% | 0.0000% | 8h | $7.6M | $9.1M | 100x | as long as short |
| tradeXYZ xyz:META | −0.051% | +0.0050% | 1h | $66.4M | $54.0M | 20x | as long as short |
| Extended META_24_5-USD | −0.045% | 0.0000% | 1h | $542K | $1.4M | 17x | as long as short |
| HTX META-USDT | −0.032% | 0.0000% | 8h | $104K | $270K | 30x | as long as short |
| QFEX META-USD | −0.029% | +0.0020% | 1h | $1.9M | $8.6M | 10x | as long as short |
| Popdex METAUSDT | −0.021% | +0.0048% | 1h | $178K | $167K | 20x | as long as short |
| SoDEX META-USD | −0.020% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Aster METAUSDT | −0.018% | 0.0000% | 8h | $451K | $120K | 20x | as long as short |
| Hotstuff META-PERPshort | −0.013% | +0.0056% | 1h | $33K | $105 | 20x | |
| Aevo META-PERP | −0.011% | +0.0104% | 1h | $264 | — | 10x | as long as short |
| Arcus META-USD | −0.009% | +0.0325% | 1h | $272K | $293K | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.009% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| SunX META-USDT | −0.005% | 0.0000% | 8h | $780 | $9.3M | 20x | as long as short |
| Paradex META-USD-PERPlong | 0.000% | +0.0051% | 8h | — | — | 5x | |
| Polymarket Perps META-USD | +0.005% | +0.0050% | 1h | $666K | $481K | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.012% | +0.0048% | 1h | $629K | $5.9M | 10x | as long as short |
| Lighter RH META | +0.013% | +0.0032% | 1h | $700K | $2.6M | 20x | as long as short |
| Phemex METAUSDT | +0.013% | −0.0045% | 4h | $1.9M | $5K | 10x | as long as short |
| Lighter META | +0.019% | +0.0032% | 1h | $845K | $2.4M | 20x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.028% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Vest META-USD-PERP | +0.030% | +0.0046% | 1h | — | $8K | 25x | as long as short |