After costs, if the gap returns to its 7d average, $10k−$90
spread now−0.019%7d average−0.058%fees + slippage, in and out−$94spread needed0.944%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex METAUSDT | 742.56 | 0 | get 0.0000% / 4h | 1h 49m | $2.0M | $6K | 10x |
| Short | Arcus META-USD | 742.42 | 0.0478 | get 0.0060% / 1h | 49m 52s | $270K | $302K | 10x |
Phemex METAUSDT
Arcus META-USDPrice 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
- −$1.89
- Funding while held
- $14.35
- Slippage, 4 orders
- −$77.89
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$81.93
- Spread needed to break even
- 0.944%
Slippage from Phemex: live order book, 5 min ago; Arcus: live order book, 50 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0478%
- Per $10,000 a day
- +$14.35
- 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, 5 min ago | 0.88 bp | 45.1 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell Arcus live order book, 50 min ago | 2.66 bp | 4.9 bp −$5 | 10.8 bp −$108 | 16.7 bp −$1,673 | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Gate741.60cheapestHTX741.70+0.013%Deribit741.85+0.034%SoDEX741.91+0.042%Bybit741.94+0.046%Bitget741.94+0.046%Coinbase International741.96+0.049%tradeXYZ741.97+0.050%OKX742.01+0.055%Binance742.02+0.056%Extended742.02+0.057%Lighter RH742.05+0.061%KuCoin742.05+0.061%Variational Omni742.08+0.065%Aster742.12+0.070%Lighter742.18+0.078%Ondo Perps742.19+0.080%Aevo742.27+0.090%BloFin742.27+0.090%Phoenix742.39+0.107%SunX742.39+0.107%Nado742.39+0.107%Hotstuff742.41+0.109%Orderly742.41+0.109%
Gate
HTX
Deribit
SoDEX
Bybit
Bitget
Coinbase International
tradeXYZ
OKX
Binance
Extended
Lighter RH
KuCoin
Variational Omni
Aster
Lighter
Ondo Perps
Aevo
BloFin
Phoenix
SunX
Nado
Hotstuff
OrderlyArcus742.42+0.111%
Paradex742.42+0.111%Popdex742.44+0.113%QFEX742.53+0.125%
Paradex
Popdex
QFEXPhemex742.56+0.129%
Polymarket Perps742.58+0.132%ApeX Omni742.59+0.133%edgeX742.62+0.137%Vest742.97+0.185%Aftermath Perps743.00+0.189%Injective743.78+0.294%
Polymarket Perps
ApeX Omni
Vest
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate META_USDT | −0.129% | 0.0000% | 8h | $340K | $4.5M | 100x | as long as short |
| HTX META-USDT | −0.116% | 0.0000% | 8h | $105K | $279K | 30x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.096% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| SoDEX META-USD | −0.088% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Bybit METAUSDT | −0.083% | 0.0000% | 8h | $7.9M | $10.6M | 100x | as long as short |
| Bitget METAUSDT | −0.083% | 0.0000% | 8h | $5.7M | $9.0M | 100x | as long as short |
| Coinbase International META-PERP-INTX | −0.081% | +0.0048% | 1h | $633K | $6.3M | 10x | as long as short |
| tradeXYZ xyz:META | −0.079% | +0.0050% | 1h | $71.3M | $73.5M | 20x | as long as short |
| OKX META-USDT-SWAP | −0.074% | 0.0000% | 8h | $5.9M | $11.2M | 20x | as long as short |
| Binance METAUSDT | −0.073% | 0.0000% | 8h | $26.8M | $142.0M | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended META_24_5-USD | −0.072% | 0.0000% | 1h | $550K | $1.4M | 17x | as long as short |
| Lighter RH META | −0.069% | +0.0032% | 1h | $689K | $2.8M | 20x | as long as short |
| KuCoin METAUSDTM | −0.069% | +0.0100% | 8h | $1.6M | $273K | 20x | as long as short |
| Variational Omni META | −0.064% | 0.0000% | 8h | $1.5M | $2.2M | — | as long as short |
| Aster METAUSDT | −0.059% | 0.0000% | 8h | $457K | $265K | 20x | as long as short |
| Lighter META | −0.051% | +0.0048% | 1h | $854K | $2.4M | 20x | as long as short |
| Ondo Perps META-USD.P | −0.050% | +0.0050% | 1h | $737K | $3.3M | 10x | as long as short |
| Aevo META-PERP | −0.039% | +0.0104% | 1h | $267 | — | 10x | as long as short |
| BloFin META-USDT | −0.039% | −0.0009% | 8h | $331K | $955K | 20x | as long as short |
| Phoenix META | −0.023% | 0.0000% | 1h | $274K | $618K | 20x | as long as short |
| SunX META-USDT | −0.023% | 0.0000% | 8h | $993 | $9.4M | 20x | as long as short |
| Nado META-PERP | −0.023% | −0.0021% | 1h | $392K | $173K | 20x | as long as short |
| Hotstuff META-PERP | −0.020% | +0.0096% | 1h | $33K | $105 | 20x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.020% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Arcus META-USDshort | −0.019% | +0.0478% | 1h | $270K | $302K | 10x | |
| Paradex META-USD-PERP | −0.018% | +0.0051% | 8h | — | — | 5x | as long as short |
| Popdex METAUSDT | −0.016% | +0.0048% | 1h | $172K | $184K | 20x | as long as short |
| QFEX META-USD | −0.004% | +0.0026% | 1h | $2.0M | $10.9M | 10x | as long as short |
| Phemex METAUSDTlong | 0.000% | 0.0000% | 4h | $2.0M | $6K | 10x | |
| Polymarket Perps META-USD | +0.003% | +0.0050% | 1h | $672K | $520K | 10x | as long as short |
| ApeX Omni METAUSDT | +0.004% | +0.0100% | 1h | $166K | $72K | 50x | as long as short |
| edgeX METAUSDC | +0.008% | +0.0209% | 4h | $62K | $327K | 10x | as long as short |
| Vest META-USD-PERP | +0.055% | +0.0046% | 1h | — | $9K | 25x | as long as short |
| Aftermath Perps METAUSD | +0.060% | +0.0296% | 1h | $44K | $46K | 10x | as long as short |
| Injective META/USDC PERP | +0.164% | +0.0220% | 1h | $169K | $76K | 30x | as long as short |