After costs, if the gap returns to its 7d average, $10k−$147
spread now−0.056%7d average−0.072%fees + slippage, in and out−$148spread needed1.482%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex METAUSDT | 737.95 | 0 | get 0.0000% / 4h | 2h 26m | $2.0M | $6K | 10x |
| Short | ApeX Omni METAUSDT | 737.54 | 0.0100 | get 0.0013% / 1h | 26m 14s | $135K | $57K | 50x |
Phemex METAUSDT
ApeX Omni 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
- −$5.56
- Funding while held
- $3
- Slippage, 4 orders
- −$126.17
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$150.73
- Spread needed to break even
- 1.482%
Slippage from Phemex: live order book, 4 min ago; ApeX Omni: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 Phemex live order book, 4 min ago | 1.97 bp | 42.0 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 11 min ago | 4.62 bp | 35.6 bp −$36 | 562.9 bp −$5,629 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Gate736.77cheapestCoinbase International737.06+0.039%Deribit737.09+0.043%KuCoin737.10+0.045%tradeXYZ737.11+0.046%SoDEX737.22+0.061%Extended737.24+0.064%Nado737.28+0.069%Phoenix737.29+0.071%Ondo Perps737.30+0.072%Lighter RH737.34+0.077%SunX737.35+0.079%Orderly737.42+0.088%Bybit737.44+0.091%Arcus737.47+0.095%Lighter737.48+0.096%Bitget737.50+0.099%Binance737.51+0.101%Polymarket Perps737.52+0.102%Hotstuff737.53+0.103%HTX737.53+0.103%
Gate
Coinbase International
Deribit
KuCoin
tradeXYZ
SoDEX
Extended
Nado
Phoenix
Ondo Perps
Lighter RH
SunX
Orderly
Bybit
Arcus
Lighter
Bitget
Binance
Polymarket Perps
Hotstuff
HTXApeX Omni737.54+0.105%
OKX737.59+0.111%Aevo737.59+0.111%Paradex737.64+0.118%Aster737.64+0.119%Variational Omni737.70+0.126%QFEX737.72+0.129%Popdex737.74+0.132%Aftermath Perps737.85+0.146%Vest737.86+0.148%
OKX
Aevo
Paradex
Aster
Variational Omni
QFEX
Popdex
VestPhemex737.95+0.160%
BloFin737.99+0.166%edgeX738.10+0.181%Injective740.12+0.455%
BloFin
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate META_USDT | −0.160% | 0.0000% | 8h | $354K | $4.1M | 100x | as long as short |
| Coinbase International META-PERP-INTX | −0.121% | +0.0048% | 1h | $643K | $6.1M | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.117% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| KuCoin METAUSDTM | −0.115% | +0.0100% | 8h | $1.5M | $208K | 20x | as long as short |
| tradeXYZ xyz:META | −0.114% | +0.0050% | 1h | $66.8M | $57.4M | 20x | as long as short |
| SoDEX META-USD | −0.099% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Extended META_24_5-USD | −0.096% | 0.0000% | 1h | $549K | $1.4M | 17x | as long as short |
| Nado META-PERP | −0.091% | +0.0018% | 1h | $390K | $173K | 20x | as long as short |
| Phoenix META | −0.089% | +0.0055% | 1h | $252K | $513K | 20x | as long as short |
| Ondo Perps META-USD.P | −0.088% | +0.0050% | 1h | $775K | $3.1M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH META | −0.083% | +0.0032% | 1h | $704K | $2.7M | 20x | as long as short |
| SunX META-USDT | −0.081% | 0.0000% | 8h | $745 | $9.3M | 20x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.072% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Bybit METAUSDT | −0.069% | 0.0000% | 8h | $7.7M | $9.8M | 100x | as long as short |
| Arcus META-USD | −0.065% | +0.0325% | 1h | $268K | $299K | 10x | as long as short |
| Lighter META | −0.064% | +0.0064% | 1h | $852K | $2.5M | 20x | as long as short |
| Bitget METAUSDT | −0.061% | 0.0000% | 8h | $5.7M | $8.2M | 100x | as long as short |
| Binance METAUSDT | −0.059% | 0.0000% | 8h | $25.8M | $128.5M | 20x | as long as short |
| Polymarket Perps META-USD | −0.058% | +0.0050% | 1h | $668K | $483K | 10x | as long as short |
| Hotstuff META-PERP | −0.057% | −0.0048% | 1h | $33K | $105 | 20x | as long as short |
| HTX META-USDT | −0.057% | 0.0000% | 8h | $105K | $274K | 30x | as long as short |
| ApeX Omni METAUSDTshort | −0.056% | +0.0100% | 1h | $135K | $57K | 50x | |
| OKX META-USDT-SWAP | −0.049% | 0.0000% | 8h | $5.9M | $10.2M | 20x | as long as short |
| Aevo META-PERP | −0.049% | +0.0104% | 1h | $266 | — | 10x | as long as short |
| Paradex META-USD-PERP | −0.043% | +0.0051% | 8h | — | — | 5x | as long as short |
| Aster METAUSDT | −0.042% | 0.0000% | 8h | $454K | $168K | 20x | as long as short |
| Variational Omni META | −0.034% | 0.0000% | 8h | $1.5M | $2.1M | — | as long as short |
| QFEX META-USD | −0.031% | +0.0020% | 1h | $1.8M | $9.5M | 10x | as long as short |
| Popdex METAUSDT | −0.028% | +0.0048% | 1h | $173K | $174K | 20x | as long as short |
| Aftermath Perps METAUSD | −0.014% | +0.0282% | 1h | $44K | $45K | 10x | as long as short |
| Vest META-USD-PERP | −0.012% | +0.0046% | 1h | — | $9K | 25x | as long as short |
| Phemex METAUSDTlong | 0.000% | 0.0000% | 4h | $2.0M | $6K | 10x | |
| BloFin META-USDT | +0.005% | −0.0120% | 8h | $330K | $859K | 20x | as long as short |
| edgeX METAUSDC | +0.021% | +0.0858% | 4h | $62K | $328K | 10x | as long as short |
| Injective META/USDC PERP | +0.294% | +0.0220% | 1h | $168K | $101K | 30x | as long as short |