After costs, if the gap returns to its 7d average, $10k−$113
spread now−0.036%7d average−0.016%fees + slippage, in and out−$111spread needed1.111%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex METAUSDT | 713.30 | 0 | get 0.0000% / 4h | 28m 56s | $1.9M | $5K | 10x |
| Short | BloFin META-USDT | 713.04 | −0.0120 | pay 0.0120% / 8h | 28m 56s | $341K | $473K | 20x |
Phemex METAUSDT
BloFin META-USDTPrice 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
- −$3.65
- Funding while held
- −$3.6
- Slippage, 4 orders
- −$87.12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$118.36
- Spread needed to break even
- 1.111%
Slippage from Phemex: live order book, 1 min ago; BloFin: live order book, 18 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0120%
- Per $10,000 a day
- −$3.60
- 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, 1 min ago | 2.45 bp | 46.9 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 18 min ago | 1.83 bp | 9.5 bp −$9 | 15.5 bp −$155 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps712.23cheapestNado712.46+0.033%Coinbase International712.48+0.035%Hotstuff712.56+0.046%Paradex712.56+0.047%Arcus712.67+0.062%Aftermath Perps712.74+0.071%QFEX712.76+0.074%KuCoin712.76+0.074%HTX712.78+0.077%Popdex712.79+0.079%Phoenix712.79+0.079%Aevo712.85+0.086%OKX712.87+0.090%Vest712.88+0.091%Deribit712.88+0.091%Gate712.93+0.098%Polymarket Perps712.94+0.100%Orderly712.95+0.101%tradeXYZ712.96+0.102%ApeX Omni712.98+0.105%SoDEX713.00+0.108%
Ondo Perps
Nado
Coinbase International
Hotstuff
Paradex
Arcus
QFEX
KuCoin
HTX
Popdex
Phoenix
Aevo
OKX
Vest
Deribit
Gate
Polymarket Perps
Orderly
tradeXYZ
ApeX Omni
SoDEXBloFin713.04+0.114%
Lighter713.14+0.128%Lighter RH713.14+0.128%edgeX713.19+0.134%Variational Omni713.20+0.137%Extended713.25+0.143%Bybit713.30+0.150%
Lighter
Lighter RH
Variational Omni
Extended
BybitPhemex713.30+0.150%
Bitget713.31+0.152%Aster713.34+0.156%Binance713.41+0.166%SunX713.43+0.168%Injective714.69+0.345%
Bitget
Aster
Binance
SunX
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps META-USD.P | −0.150% | +0.0050% | 1h | $851K | $2.6M | 10x | as long as short |
| Nado META-PERP | −0.117% | +0.0015% | 1h | $442K | $87K | 20x | as long as short |
| Coinbase International META-PERP-INTX | −0.115% | +0.0056% | 1h | $640K | $4.9M | 10x | as long as short |
| Hotstuff META-PERP | −0.104% | −0.0072% | 1h | $32K | $105 | 20x | as long as short |
| Paradex META-USD-PERP | −0.103% | +0.0052% | 8h | — | — | 5x | as long as short |
| Arcus META-USD | −0.088% | +0.0088% | 1h | $280K | $249K | 10x | as long as short |
| Aftermath Perps METAUSD | −0.079% | +0.0245% | 1h | $43K | $48K | 10x | as long as short |
| QFEX META-USD | −0.076% | +0.0028% | 1h | $1.8M | $6.0M | 10x | as long as short |
| KuCoin METAUSDTM | −0.076% | +0.0100% | 8h | $1.5M | $140K | 20x | as long as short |
| HTX META-USDT | −0.073% | 0.0000% | 8h | $101K | $265K | 30x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Popdex METAUSDT | −0.071% | +0.0048% | 1h | $166K | $155K | 20x | as long as short |
| Phoenix META | −0.071% | +0.0090% | 1h | $230K | $284K | 20x | as long as short |
| Aevo META-PERP | −0.064% | +0.0104% | 1h | $257 | — | 10x | as long as short |
| OKX META-USDT-SWAP | −0.060% | 0.0000% | 8h | $6.1M | $7.4M | 20x | as long as short |
| Vest META-USD-PERP | −0.059% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.059% | 0.0000% | 1h | $29K | $254K | 10x | as long as short |
| Gate META_USDT | −0.052% | 0.0000% | 8h | $383K | $3.2M | 100x | as long as short |
| Polymarket Perps META-USD | −0.050% | +0.0050% | 1h | $648K | $463K | 10x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.049% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| tradeXYZ xyz:META | −0.048% | +0.0050% | 1h | $61.7M | $46.6M | 20x | as long as short |
| ApeX Omni METAUSDT | −0.045% | +0.0100% | 1h | $111K | $46K | 50x | as long as short |
| SoDEX META-USD | −0.042% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| BloFin META-USDTshort | −0.036% | −0.0120% | 8h | $341K | $473K | 20x | |
| Lighter META | −0.022% | +0.0032% | 1h | $688K | $2.1M | 20x | as long as short |
| Lighter RH META | −0.022% | +0.0032% | 1h | $664K | $2.5M | 20x | as long as short |
| edgeX METAUSDC | −0.016% | +0.0016% | 4h | $60K | $325K | 10x | as long as short |
| Variational Omni META | −0.014% | 0.0000% | 8h | $1.4M | $1.9M | — | as long as short |
| Extended META_24_5-USD | −0.007% | 0.0000% | 1h | $515K | $1.3M | 17x | as long as short |
| Bybit METAUSDT | 0.000% | 0.0000% | 8h | $6.8M | $7.3M | 100x | as long as short |
| Phemex METAUSDTlong | 0.000% | 0.0000% | 4h | $1.9M | $5K | 10x | |
| Bitget METAUSDT | +0.001% | 0.0000% | 8h | $4.9M | $6.0M | 100x | as long as short |
| Aster METAUSDT | +0.006% | 0.0000% | 8h | $440K | $86K | 20x | as long as short |
| Binance METAUSDT | +0.016% | 0.0000% | 8h | $25.3M | $93.9M | 20x | as long as short |
| SunX META-USDT | +0.018% | 0.0000% | 8h | $978 | $8.3M | 20x | as long as short |
| Injective META/USDC PERP | +0.195% | +0.0220% | 1h | $163K | $135K | 30x | as long as short |