After costs, if the gap returns to its 7d average, $10k−$117
spread now−0.087%7d average−0.048%fees + slippage, in and out−$113spread needed1.133%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex METAUSDT | 745.29 | 0 | get 0.0000% / 4h | 1h 04m | $2.0M | $6K | 10x |
| Short | HTX META-USDT | 744.64 | 0 | get 0.0000% / 8h | 5h 04m | $105K | $280K | 30x |
Phemex METAUSDT
HTX 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
- −$8.72
- Funding while held
- $0
- Slippage, 4 orders
- −$89.34
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$122.07
- Spread needed to break even
- 1.133%
Slippage from Phemex: live order book, 5 min ago; HTX: live order book, 29 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 | 2.41 bp | 48.2 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 29 min ago | 2.75 bp | 8.7 bp −$9 | 13.0 bp −$130 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Gate744.22cheapestInjective744.57+0.047%KuCoin744.58+0.048%Hotstuff744.61+0.052%OKX744.64+0.056%
Gate
Injective
KuCoin
Hotstuff
OKXHTX744.64+0.056%
tradeXYZ744.67+0.060%Paradex744.68+0.062%Deribit744.76+0.073%Extended744.80+0.078%Bybit744.81+0.079%Bitget744.81+0.079%Binance744.82+0.081%QFEX744.83+0.082%Aevo744.83+0.083%SoDEX744.84+0.083%Popdex744.85+0.085%BloFin744.86+0.086%Nado744.92+0.093%Arcus744.92+0.094%Aster744.93+0.096%Polymarket Perps744.96+0.099%Orderly744.96+0.099%Lighter RH745.02+0.107%Lighter745.13+0.122%SunX745.15+0.125%
tradeXYZ
Paradex
Deribit
Extended
Bybit
Bitget
Binance
QFEX
Aevo
SoDEX
Popdex
BloFin
Nado
Arcus
Aster
Polymarket Perps
Orderly
Lighter RH
Lighter
SunXPhemex745.29+0.144%
Ondo Perps745.49+0.171%Phoenix745.68+0.196%Vest745.75+0.206%Coinbase International745.84+0.218%Variational Omni746.17+0.262%Aftermath Perps746.21+0.267%edgeX746.26+0.274%ApeX Omni746.42+0.296%
Ondo Perps
Phoenix
Vest
Coinbase International
Variational Omni
ApeX OmniMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate META_USDT | −0.144% | 0.0000% | 8h | $359K | $4.8M | 100x | as long as short |
| Injective META/USDC PERP | −0.097% | +0.0220% | 1h | $169K | $76K | 30x | as long as short |
| KuCoin METAUSDTM | −0.095% | +0.0100% | 8h | $1.6M | $288K | 20x | as long as short |
| Hotstuff META-PERP | −0.091% | +0.0160% | 1h | $33K | $105 | 20x | as long as short |
| OKX META-USDT-SWAP | −0.087% | 0.0000% | 8h | $6.1M | $12.2M | 20x | as long as short |
| HTX META-USDTshort | −0.087% | 0.0000% | 8h | $105K | $280K | 30x | |
| tradeXYZ xyz:META | −0.083% | +0.0050% | 1h | $77.2M | $92.0M | 20x | as long as short |
| Paradex META-USD-PERP | −0.082% | +0.0050% | 8h | — | — | 5x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.071% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Extended META_24_5-USD | −0.066% | 0.0000% | 1h | $554K | $1.4M | 17x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit METAUSDT | −0.064% | 0.0000% | 8h | $8.0M | $11.7M | 100x | as long as short |
| Bitget METAUSDT | −0.064% | 0.0000% | 8h | $5.8M | $9.4M | 100x | as long as short |
| Binance METAUSDT | −0.063% | 0.0000% | 8h | $27.7M | $154.4M | 20x | as long as short |
| QFEX META-USD | −0.062% | +0.0026% | 1h | $2.2M | $12.4M | 10x | as long as short |
| Aevo META-PERP | −0.061% | +0.0104% | 1h | $268 | — | 10x | as long as short |
| SoDEX META-USD | −0.060% | +0.0050% | 1h | $25K | $3K | 10x | as long as short |
| Popdex METAUSDT | −0.059% | +0.0048% | 1h | $175K | $192K | 20x | as long as short |
| BloFin META-USDT | −0.058% | −0.0120% | 8h | $336K | $1.0M | 20x | as long as short |
| Nado META-PERP | −0.050% | −0.0019% | 1h | $394K | $215K | 20x | as long as short |
| Arcus META-USD | −0.050% | +0.0478% | 1h | $267K | $308K | 10x | as long as short |
| Aster METAUSDT | −0.048% | 0.0000% | 8h | $458K | $432K | 20x | as long as short |
| Polymarket Perps META-USD | −0.044% | +0.0050% | 1h | $543K | $835K | 10x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.044% | +0.0100% | 8h | $1K | $24 | 10x | as long as short |
| Lighter RH META | −0.036% | +0.0032% | 1h | $737K | $3.0M | 20x | as long as short |
| Lighter META | −0.021% | +0.0048% | 1h | $860K | $2.5M | 20x | as long as short |
| SunX META-USDT | −0.019% | 0.0000% | 8h | $929 | $9.4M | 20x | as long as short |
| Phemex METAUSDTlong | 0.000% | 0.0000% | 4h | $2.0M | $6K | 10x | |
| Ondo Perps META-USD.P | +0.027% | +0.0050% | 1h | $712K | $3.6M | 10x | as long as short |
| Phoenix META | +0.052% | 0.0000% | 1h | $276K | $618K | 20x | as long as short |
| Vest META-USD-PERP | +0.062% | +0.0046% | 1h | — | $9K | 25x | as long as short |
| Coinbase International META-PERP-INTX | +0.074% | +0.0048% | 1h | $648K | $6.5M | 10x | as long as short |
| Variational Omni META | +0.118% | 0.0000% | 8h | $1.6M | $2.2M | — | as long as short |
| Aftermath Perps METAUSD | +0.123% | +0.0295% | 1h | $44K | $46K | 10x | as long as short |
| edgeX METAUSDC | +0.130% | +0.0488% | 4h | $62K | $328K | 10x | as long as short |
| ApeX Omni METAUSDT | +0.152% | +0.0100% | 1h | $167K | $71K | 50x | as long as short |