Spread before costs (cost unknown: a leg has no order-book sample)+0.062%
7d average—if it closes, per $10,000$6funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex METAUSDT | 743.02 | 0 | get 0.0000% / 4h | 1h 47m | $2.0M | $6K | 10x |
| Short | Orderly PERP_META_USDC_mythos | 743.48 | 0.0100 | get 0.0100% / 8h | 5h 47m | $1K | — | 10x |
Phemex METAUSDT
Orderly PERP_META_USDC_mythosPrice 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
- $6.19
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$8.81
- Spread needed to break even
- 0.180%
Slippage unknown: Phemex: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.
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, 3 min ago | 2.09 bp | 48.6 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
META price on every exchange
against the cheapest. Click to use as the short leg.Phoenix741.90cheapestApeX Omni741.95+0.007%edgeX741.99+0.012%Variational Omni742.08+0.025%Hotstuff742.33+0.058%Injective742.33+0.058%Nado742.51+0.082%Ondo Perps742.62+0.097%Gate742.70+0.108%Paradex742.76+0.116%Arcus743.00+0.148%
Phoenix
ApeX Omni
Variational Omni
Hotstuff
Injective
Nado
Ondo Perps
Gate
Paradex
ArcusPhemex743.02+0.151%
QFEX743.04+0.154%Popdex743.07+0.158%Aftermath Perps743.08+0.159%KuCoin743.13+0.166%Coinbase International743.13+0.166%HTX743.13+0.166%SoDEX743.17+0.171%tradeXYZ743.27+0.185%Deribit743.27+0.185%BloFin743.28+0.186%Aster743.30+0.188%Aevo743.32+0.191%Bitget743.33+0.193%OKX743.35+0.195%Extended743.35+0.196%SunX743.39+0.201%Binance743.40+0.202%Lighter RH743.43+0.206%Bybit743.46+0.210%
QFEX
Popdex
KuCoin
Coinbase International
HTX
SoDEX
tradeXYZ
Deribit
BloFin
Aster
Aevo
Bitget
OKX
Extended
SunX
Binance
Lighter RH
BybitOrderly743.48+0.213%
Polymarket Perps743.50+0.216%Lighter743.60+0.229%Vest743.68+0.240%
Polymarket Perps
Lighter
VestMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix META | −0.151% | 0.0000% | 1h | $274K | $618K | 20x | as long as short |
| ApeX Omni METAUSDT | −0.144% | +0.0100% | 1h | $166K | $72K | 50x | as long as short |
| edgeX METAUSDC | −0.138% | +0.0262% | 4h | $62K | $328K | 10x | as long as short |
| Variational Omni META | −0.126% | 0.0000% | 8h | $1.5M | $2.2M | — | as long as short |
| Hotstuff META-PERP | −0.093% | −0.0096% | 1h | $33K | $105 | 20x | as long as short |
| Injective META/USDC PERP | −0.093% | +0.0220% | 1h | $169K | $76K | 30x | as long as short |
| Nado META-PERP | −0.069% | −0.0018% | 1h | $392K | $173K | 20x | as long as short |
| Ondo Perps META-USD.P | −0.054% | +0.0050% | 1h | $737K | $3.3M | 10x | as long as short |
| Gate META_USDT | −0.043% | 0.0000% | 8h | $344K | $4.5M | 100x | as long as short |
| Paradex META-USD-PERP | −0.035% | +0.0051% | 8h | — | — | 5x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Arcus META-USD | −0.003% | +0.0478% | 1h | $270K | $302K | 10x | as long as short |
| Phemex METAUSDTlong | 0.000% | 0.0000% | 4h | $2.0M | $6K | 10x | |
| QFEX META-USD | +0.003% | +0.0026% | 1h | $2.0M | $10.9M | 10x | as long as short |
| Popdex METAUSDT | +0.007% | +0.0048% | 1h | $172K | $185K | 20x | as long as short |
| Aftermath Perps METAUSD | +0.008% | +0.0297% | 1h | $44K | $46K | 10x | as long as short |
| KuCoin METAUSDTM | +0.015% | +0.0100% | 8h | $1.6M | $274K | 20x | as long as short |
| Coinbase International META-PERP-INTX | +0.015% | +0.0048% | 1h | $638K | $6.4M | 10x | as long as short |
| HTX META-USDT | +0.015% | 0.0000% | 8h | $105K | $279K | 30x | as long as short |
| SoDEX META-USD | +0.020% | +0.0050% | 1h | $25K | $3K | 10x | as long as short |
| tradeXYZ xyz:META | +0.034% | +0.0050% | 1h | $71.4M | $73.5M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.034% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| BloFin META-USDT | +0.035% | −0.0005% | 8h | $332K | $959K | 20x | as long as short |
| Aster METAUSDT | +0.037% | 0.0000% | 8h | $390K | $265K | 20x | as long as short |
| Aevo META-PERP | +0.040% | +0.0104% | 1h | $268 | — | 10x | as long as short |
| Bitget METAUSDT | +0.042% | 0.0000% | 8h | $5.7M | $9.0M | 100x | as long as short |
| OKX META-USDT-SWAP | +0.044% | 0.0000% | 8h | $5.9M | $11.2M | 20x | as long as short |
| Extended META_24_5-USD | +0.045% | 0.0000% | 1h | $550K | $1.4M | 17x | as long as short |
| SunX META-USDT | +0.050% | 0.0000% | 8h | $920 | $9.4M | 20x | as long as short |
| Binance METAUSDT | +0.051% | 0.0000% | 8h | $26.9M | $142.4M | 20x | as long as short |
| Lighter RH META | +0.055% | +0.0032% | 1h | $696K | $2.8M | 20x | as long as short |
| Bybit METAUSDT | +0.059% | 0.0000% | 8h | $7.9M | $10.7M | 100x | as long as short |
| Orderly PERP_META_USDC_mythosshort | +0.062% | +0.0100% | 8h | $1K | — | 10x | |
| Polymarket Perps META-USD | +0.065% | +0.0050% | 1h | $672K | $520K | 10x | as long as short |
| Lighter META | +0.078% | +0.0032% | 1h | $856K | $2.4M | 20x | as long as short |
| Vest META-USD-PERP | +0.089% | +0.0046% | 1h | — | $9K | 25x | as long as short |