After costs, if the gap returns to its 7d average, $10k−$88
spread now+0.121%7d average−0.030%fees + slippage, in and out−$104spread needed1.036%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex METAUSDT | 734.23 | 0 | get 0.0000% / 4h | 2h 42m | $1.9M | $5K | 10x |
| Short | QFEX META-USD | 735.12 | 0.0020 | get 0.0002% / 1h | 42m 30s | $1.8M | $9.0M | 10x |
Phemex METAUSDT
QFEX 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
- $12.12
- Funding while held
- $0.59
- Slippage, 4 orders
- −$81.61
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$90.89
- Spread needed to break even
- 1.036%
Slippage from Phemex: live order book, 2 min ago; QFEX: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0020%
- Per $10,000 a day
- +$0.59
- 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, 2 min ago | 1.98 bp | 46.6 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 8 min ago | 1.43 bp | 6.4 bp −$6 | 7.5 bp −$75 | 16.0 bp −$1,601 | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Injective732.81cheapestSunX734.04+0.168%Aftermath Perps734.21+0.190%
Injective
SunXPhemex734.23+0.194%
Phoenix734.24+0.195%ApeX Omni734.35+0.210%Aevo734.39+0.215%Deribit734.41+0.218%SoDEX734.42+0.220%Coinbase International734.47+0.227%Orderly734.50+0.231%HTX734.51+0.232%Hotstuff734.62+0.247%tradeXYZ734.66+0.252%Gate734.72+0.261%BloFin734.74+0.263%Variational Omni734.78+0.268%KuCoin734.83+0.276%Bitget734.88+0.282%Nado734.92+0.289%Ondo Perps734.93+0.289%Polymarket Perps734.96+0.293%edgeX735.03+0.303%Aster735.07+0.309%
Phoenix
ApeX Omni
Aevo
Deribit
SoDEX
Coinbase International
Orderly
HTX
Hotstuff
tradeXYZ
Gate
BloFin
Variational Omni
KuCoin
Bitget
Nado
Ondo Perps
Polymarket Perps
AsterQFEX735.12+0.315%
Bybit735.18+0.323%Binance735.19+0.325%Vest735.19+0.325%Popdex735.21+0.328%Arcus735.27+0.336%OKX735.30+0.340%Extended735.40+0.353%Paradex735.44+0.359%Lighter RH735.50+0.367%Lighter735.64+0.386%
Bybit
Binance
Vest
Popdex
Arcus
OKX
Extended
Paradex
Lighter RH
LighterMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective META/USDC PERP | −0.193% | +0.0220% | 1h | $167K | $101K | 30x | as long as short |
| SunX META-USDT | −0.026% | 0.0000% | 8h | $837 | $9.3M | 20x | as long as short |
| Aftermath Perps METAUSD | −0.003% | +0.0275% | 1h | $44K | $47K | 10x | as long as short |
| Phemex METAUSDTlong | 0.000% | 0.0000% | 4h | $1.9M | $5K | 10x | |
| Phoenix META | +0.001% | +0.0055% | 1h | $251K | $513K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.016% | +0.0100% | 1h | $135K | $56K | 50x | as long as short |
| Aevo META-PERP | +0.021% | +0.0104% | 1h | $264 | — | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.025% | +0.0022% | 1h | $28K | $266K | 10x | as long as short |
| SoDEX META-USD | +0.026% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.033% | +0.0048% | 1h | $643K | $6.0M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_META_USDC_mythos | +0.037% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| HTX META-USDT | +0.038% | 0.0000% | 8h | $104K | $271K | 30x | as long as short |
| Hotstuff META-PERP | +0.053% | +0.0080% | 1h | $33K | $105 | 20x | as long as short |
| tradeXYZ xyz:META | +0.059% | +0.0050% | 1h | $66.8M | $55.3M | 20x | as long as short |
| Gate META_USDT | +0.067% | 0.0000% | 8h | $347K | $4.0M | 100x | as long as short |
| BloFin META-USDT | +0.069% | −0.0120% | 8h | $328K | $649K | 20x | as long as short |
| Variational Omni META | +0.074% | 0.0000% | 8h | $1.4M | $2.2M | — | as long as short |
| KuCoin METAUSDTM | +0.082% | +0.0100% | 8h | $1.5M | $198K | 20x | as long as short |
| Bitget METAUSDT | +0.089% | 0.0000% | 8h | $5.4M | $8.0M | 100x | as long as short |
| Nado META-PERP | +0.095% | +0.0018% | 1h | $389K | $172K | 20x | as long as short |
| Ondo Perps META-USD.P | +0.095% | +0.0050% | 1h | $759K | $3.0M | 10x | as long as short |
| Polymarket Perps META-USD | +0.099% | +0.0050% | 1h | $666K | $483K | 10x | as long as short |
| edgeX METAUSDC | +0.109% | +0.0951% | 4h | $61K | $327K | 10x | as long as short |
| Aster METAUSDT | +0.115% | 0.0000% | 8h | $452K | $136K | 20x | as long as short |
| QFEX META-USDshort | +0.121% | +0.0020% | 1h | $1.8M | $9.0M | 10x | |
| Bybit METAUSDT | +0.129% | 0.0000% | 8h | $7.6M | $9.4M | 100x | as long as short |
| Binance METAUSDT | +0.131% | 0.0000% | 8h | $25.4M | $122.4M | 20x | as long as short |
| Vest META-USD-PERP | +0.131% | +0.0046% | 1h | — | $8K | 25x | as long as short |
| Popdex METAUSDT | +0.133% | +0.0048% | 1h | $178K | $169K | 20x | as long as short |
| Arcus META-USD | +0.142% | +0.0325% | 1h | $269K | $297K | 10x | as long as short |
| OKX META-USDT-SWAP | +0.146% | 0.0000% | 8h | $5.9M | $10.1M | 20x | as long as short |
| Extended META_24_5-USD | +0.159% | 0.0000% | 1h | $546K | $1.4M | 17x | as long as short |
| Paradex META-USD-PERP | +0.165% | +0.0051% | 8h | — | — | 5x | as long as short |
| Lighter RH META | +0.173% | +0.0032% | 1h | $704K | $2.6M | 20x | as long as short |
| Lighter META | +0.192% | +0.0032% | 1h | $847K | $2.4M | 20x | as long as short |