After costs, if the gap returns to its 7d average, $10k−$106
spread now−0.005%7d average−0.033%fees + slippage, in and out−$109spread needed1.093%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex METAUSDT | 741.54 | 0 | get 0.0000% / 4h | 2h 05m | $2.0M | $5K | 10x |
| Short | Bitget METAUSDT | 741.50 | 0 | get 0.0000% / 8h | 6h 05m | $5.7M | $8.9M | 100x |
Phemex METAUSDT
Bitget 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
- −$0.54
- Funding while held
- $0
- Slippage, 4 orders
- −$85.25
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$109.79
- Spread needed to break even
- 1.093%
Slippage from Phemex: live order book, 5 min ago; Bitget: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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, 5 min ago | 2.77 bp | 40.5 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 0.74 bp | 12.6 bp −$13 | 21.5 bp −$215 | 43.1 bp −$4,307 | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Gate740.49cheapestKuCoin740.49cheapestOndo Perps740.53+0.005%Nado740.63+0.018%Popdex740.69+0.027%QFEX740.84+0.047%Paradex740.85+0.049%Aster740.88+0.052%ApeX Omni740.90+0.055%Phoenix740.96+0.063%Polymarket Perps740.97+0.065%Lighter RH741.00+0.069%Binance741.01+0.070%tradeXYZ741.01+0.070%Arcus741.05+0.076%HTX741.09+0.081%Extended741.11+0.083%Aevo741.17+0.091%Orderly741.26+0.104%Vest741.30+0.109%SunX741.37+0.119%Bybit741.39+0.122%edgeX741.40+0.122%Aftermath Perps741.42+0.125%Coinbase International741.42+0.126%Hotstuff741.47+0.132%Deribit741.47+0.132%
Gate
KuCoin
Ondo Perps
Nado
Popdex
QFEX
Paradex
Aster
ApeX Omni
Phoenix
Polymarket Perps
Lighter RH
Binance
tradeXYZ
Arcus
HTX
Extended
Aevo
Orderly
Vest
SunX
Bybit
Coinbase International
Hotstuff
DeribitBitget741.50+0.136%
SoDEX741.53+0.140%
SoDEXPhemex741.54+0.142%
OKX741.59+0.149%BloFin741.59+0.149%Variational Omni741.60+0.150%Lighter741.71+0.165%Injective743.22+0.369%
OKX
BloFin
Variational Omni
Lighter
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate META_USDT | −0.142% | 0.0000% | 8h | $341K | $4.4M | 100x | as long as short |
| KuCoin METAUSDTM | −0.142% | +0.0100% | 8h | $1.6M | $265K | 20x | as long as short |
| Ondo Perps META-USD.P | −0.136% | +0.0050% | 1h | $739K | $3.3M | 10x | as long as short |
| Nado META-PERP | −0.123% | +0.0003% | 1h | $392K | $173K | 20x | as long as short |
| Popdex METAUSDT | −0.115% | +0.0048% | 1h | $172K | $183K | 20x | as long as short |
| QFEX META-USD | −0.094% | +0.0020% | 1h | $1.9M | $10.3M | 10x | as long as short |
| Paradex META-USD-PERP | −0.093% | +0.0051% | 8h | — | — | 5x | as long as short |
| Aster METAUSDT | −0.090% | 0.0000% | 8h | $456K | $193K | 20x | as long as short |
| ApeX Omni METAUSDT | −0.086% | +0.0100% | 1h | $166K | $72K | 50x | as long as short |
| Phoenix META | −0.078% | +0.0055% | 1h | $274K | $513K | 20x | as long as short |