Spread before costs (cost unknown: a leg has no order-book sample)+0.026%
7d average—if it closes, per $10,000$3funding while held, a day−$0.59
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex META-USD-PERP | 714.64 | 0.0052 | pay 0.0052% / 8h | 23m 55s | — | — | 5x |
| Short | Lighter RH META | 714.83 | 0.0032 | get 0.0004% / 1h | 23m 55s | $666K | $2.5M | 20x |
Paradex META-USD-PERP
Lighter RH 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
- $2.61
- Funding while held
- −$0.59
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$1.98
- Spread needed to break even
- 0.040%
Slippage unknown: Paradex: no order-book sample; Lighter RH: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0020%
- Per $10,000 a day
- −$0.59
- 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 Lighter RH live order book, 6 min ago | 1.54 bp | 2.0 bp −$2 | 5.5 bp −$55 | 37.6 bp −$3,764 | doesn't fit |
Paradex: 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.Injective712.39cheapestedgeX712.72+0.046%Phoenix713.00+0.086%ApeX Omni713.06+0.094%Ondo Perps713.48+0.153%Variational Omni713.86+0.206%Coinbase International713.89+0.211%Aftermath Perps714.13+0.244%Phemex714.26+0.262%Nado714.40+0.282%Hotstuff714.41+0.284%Gate714.42+0.285%BloFin714.52+0.299%Vest714.53+0.300%Aster714.53+0.300%HTX714.55+0.303%KuCoin714.57+0.306%tradeXYZ714.61+0.312%QFEX714.64+0.316%Deribit714.64+0.316%
Injective
Phoenix
ApeX Omni
Ondo Perps
Variational Omni
Coinbase International
Phemex
Nado
Hotstuff
Gate
BloFin
Vest
Aster
HTX
KuCoin
tradeXYZ
QFEX
DeribitParadex714.64+0.316%
Arcus714.70+0.324%Popdex714.76+0.333%SoDEX714.77+0.334%Aevo714.78+0.335%Lighter714.79+0.337%Bybit714.80+0.338%Extended714.80+0.339%OKX714.82+0.341%Orderly714.82+0.341%
Arcus
Popdex
SoDEX
Aevo
Lighter
Bybit
Extended
OKX
OrderlyLighter RH714.83+0.343%
Polymarket Perps714.84+0.344%Binance714.87+0.348%Bitget714.93+0.357%SunX715.06+0.375%
Polymarket Perps
Binance
Bitget
SunXMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective META/USDC PERP | −0.315% | +0.0220% | 1h | $162K | $135K | 30x | as long as short |
| edgeX METAUSDC | −0.269% | +0.0080% | 4h | $60K | $322K | 10x | as long as short |
| Phoenix META | −0.230% | +0.0090% | 1h | $230K | $284K | 20x | as long as short |
| ApeX Omni METAUSDT | −0.222% | +0.0100% | 1h | $111K | $46K | 50x | as long as short |
| Ondo Perps META-USD.P | −0.163% | +0.0050% | 1h | $850K | $2.6M | 10x | as long as short |
| Variational Omni META | −0.110% | 0.0000% | 8h | $1.4M | $1.9M | — | as long as short |
| Coinbase International META-PERP-INTX | −0.105% | +0.0056% | 1h | $654K | $4.9M | 10x | as long as short |
| Aftermath Perps METAUSD | −0.072% | +0.0242% | 1h | $43K | $47K | 10x | as long as short |
| Phemex METAUSDT | −0.054% | 0.0000% | 4h | $1.9M | $5K | 10x | as long as short |
| Nado META-PERP | −0.035% | +0.0018% | 1h | $443K | $87K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff META-PERP | −0.033% | −0.0080% | 1h | $32K | $105 | 20x | as long as short |
| Gate META_USDT | −0.031% | 0.0000% | 8h | $385K | $3.3M | 100x | as long as short |
| BloFin META-USDT | −0.017% | −0.0120% | 8h | $342K | $476K | 20x | as long as short |
| Vest META-USD-PERP | −0.016% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| Aster METAUSDT | −0.016% | 0.0000% | 8h | $440K | $86K | 20x | as long as short |
| HTX META-USDT | −0.013% | 0.0000% | 8h | $101K | $265K | 30x | as long as short |
| KuCoin METAUSDTM | −0.010% | +0.0100% | 8h | $1.5M | $141K | 20x | as long as short |
| tradeXYZ xyz:META | −0.005% | +0.0050% | 1h | $61.9M | $46.6M | 20x | as long as short |
| QFEX META-USD | 0.000% | +0.0028% | 1h | $1.8M | $6.1M | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $29K | $254K | 10x | as long as short |
| Paradex META-USD-PERPlong | 0.000% | +0.0052% | 8h | — | — | 5x | |
| Arcus META-USD | +0.008% | +0.0088% | 1h | $281K | $249K | 10x | as long as short |
| Popdex METAUSDT | +0.016% | +0.0048% | 1h | $168K | $156K | 20x | as long as short |
| SoDEX META-USD | +0.018% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Aevo META-PERP | +0.019% | +0.0104% | 1h | $257 | — | 10x | as long as short |
| Lighter META | +0.021% | +0.0032% | 1h | $690K | $2.1M | 20x | as long as short |
| Bybit METAUSDT | +0.022% | 0.0000% | 8h | $7.3M | $7.7M | 100x | as long as short |
| Extended META_24_5-USD | +0.022% | 0.0000% | 1h | $517K | $1.3M | 17x | as long as short |
| OKX META-USDT-SWAP | +0.025% | 0.0000% | 8h | $6.1M | $7.5M | 20x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.025% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Lighter RH METAshort | +0.026% | +0.0032% | 1h | $666K | $2.5M | 20x | |
| Polymarket Perps META-USD | +0.028% | +0.0050% | 1h | $650K | $463K | 10x | as long as short |
| Binance METAUSDT | +0.032% | 0.0000% | 8h | $25.4M | $95.0M | 20x | as long as short |
| Bitget METAUSDT | +0.040% | 0.0000% | 8h | $4.9M | $6.0M | 100x | as long as short |
| SunX META-USDT | +0.058% | 0.0000% | 8h | $767 | $8.4M | 20x | as long as short |