Spread before costs (cost unknown: a leg has no order-book sample)−0.041%
7d average—if it closes, per $10,000$4funding while held, a day−$0.08
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex META-USD-PERP | 737.81 | 0.0051 | pay 0.0051% / 8h | 6h 28m | — | — | 5x |
| Short | Popdex METAUSDT | 737.50 | 0.0048 | get 0.0006% / 1h | 28m 14s | $173K | $174K | 20x |
Paradex META-USD-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
- −$4.14
- Funding while held
- −$0.08
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$14.63
- Spread needed to break even
- 0.104%
Slippage unknown: Paradex: no order-book sample; Popdex: live order book, 12 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0003%
- Per $10,000 a day
- −$0.08
- 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 Popdex live order book, 12 min ago | 1.02 bp | 6.5 bp −$6 | 16.1 bp −$161 | doesn't fit | 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.tradeXYZ736.94cheapestGate737.02+0.011%Coinbase International737.03+0.012%HTX737.07+0.018%SoDEX737.12+0.024%Deribit737.13+0.026%Bitget737.17+0.031%KuCoin737.20+0.035%Bybit737.22+0.038%Binance737.29+0.047%Phoenix737.29+0.047%Lighter RH737.30+0.049%Nado737.33+0.053%Extended737.39+0.061%SunX737.44+0.068%Lighter737.47+0.072%OKX737.48+0.073%
tradeXYZ
Gate
Coinbase International
HTX
SoDEX
Deribit
Bitget
KuCoin
Bybit
Binance
Phoenix
Lighter RH
Nado
Extended
SunX
Lighter
OKXPopdex737.50+0.076%
Hotstuff737.52+0.079%Orderly737.52+0.079%Aevo737.54+0.081%Polymarket Perps737.63+0.094%Variational Omni737.70+0.103%QFEX737.70+0.103%Ondo Perps737.76+0.111%Aster737.76+0.112%ApeX Omni737.78+0.114%
Hotstuff
Orderly
Aevo
Polymarket Perps
Variational Omni
QFEX
Ondo Perps
Aster
ApeX OmniParadex737.81+0.117%
Aftermath Perps737.86+0.124%Arcus737.91+0.132%Phemex737.92+0.133%Vest738.07+0.153%edgeX738.17+0.167%BloFin738.29+0.183%Injective740.12+0.432%
Arcus
Phemex
Vest
BloFin
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:META | −0.117% | +0.0050% | 1h | $66.9M | $57.1M | 20x | as long as short |
| Gate META_USDT | −0.106% | 0.0000% | 8h | $354K | $4.1M | 100x | as long as short |
| Coinbase International META-PERP-INTX | −0.105% | +0.0048% | 1h | $641K | $6.1M | 10x | as long as short |
| HTX META-USDT | −0.100% | 0.0000% | 8h | $105K | $274K | 30x | as long as short |
| SoDEX META-USD | −0.093% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.092% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Bitget METAUSDT | −0.086% | 0.0000% | 8h | $5.7M | $8.2M | 100x | as long as short |
| KuCoin METAUSDTM | −0.082% | +0.0100% | 8h | $1.5M | $207K | 20x | as long as short |
| Bybit METAUSDT | −0.079% | 0.0000% | 8h | $7.6M | $9.7M | 100x | as long as short |
| Binance METAUSDT | −0.070% | 0.0000% | 8h | $25.7M | $127.9M | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix META | −0.070% | +0.0055% | 1h | $252K | $513K | 20x | as long as short |
| Lighter RH META | −0.069% | +0.0032% | 1h | $706K | $2.7M | 20x | as long as short |
| Nado META-PERP | −0.064% | +0.0016% | 1h | $390K | $173K | 20x | as long as short |
| Extended META_24_5-USD | −0.056% | 0.0000% | 1h | $549K | $1.4M | 17x | as long as short |
| SunX META-USDT | −0.050% | 0.0000% | 8h | $894 | $9.3M | 20x | as long as short |
| Lighter META | −0.046% | +0.0056% | 1h | $850K | $2.4M | 20x | as long as short |
| OKX META-USDT-SWAP | −0.044% | 0.0000% | 8h | $5.9M | $10.2M | 20x | as long as short |
| Popdex METAUSDTshort | −0.041% | +0.0048% | 1h | $173K | $174K | 20x | |
| Hotstuff META-PERP | −0.039% | −0.0024% | 1h | $33K | $105 | 20x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.039% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Aevo META-PERP | −0.036% | +0.0104% | 1h | $266 | — | 10x | as long as short |
| Polymarket Perps META-USD | −0.024% | +0.0050% | 1h | $668K | $483K | 10x | as long as short |
| Variational Omni META | −0.015% | 0.0000% | 8h | $1.5M | $2.1M | — | as long as short |
| QFEX META-USD | −0.014% | +0.0020% | 1h | $1.8M | $9.4M | 10x | as long as short |
| Ondo Perps META-USD.P | −0.006% | +0.0050% | 1h | $755K | $3.1M | 10x | as long as short |
| Aster METAUSDT | −0.006% | 0.0000% | 8h | $454K | $168K | 20x | as long as short |
| ApeX Omni METAUSDT | −0.003% | +0.0100% | 1h | $135K | $57K | 50x | as long as short |
| Paradex META-USD-PERPlong | 0.000% | +0.0051% | 8h | — | — | 5x | |
| Aftermath Perps METAUSD | +0.007% | +0.0279% | 1h | $44K | $45K | 10x | as long as short |
| Arcus META-USD | +0.014% | +0.0325% | 1h | $269K | $298K | 10x | as long as short |
| Phemex METAUSDT | +0.015% | 0.0000% | 4h | $2.0M | $5K | 10x | as long as short |
| Vest META-USD-PERP | +0.036% | +0.0046% | 1h | — | $9K | 25x | as long as short |
| edgeX METAUSDC | +0.049% | +0.0396% | 4h | $62K | $327K | 10x | as long as short |
| BloFin META-USDT | +0.066% | −0.0120% | 8h | $329K | $858K | 20x | as long as short |
| Injective META/USDC PERP | +0.314% | +0.0220% | 1h | $168K | $101K | 30x | as long as short |