Spread before costs (cost unknown: a leg has no order-book sample)−0.504%
7d average−0.041%if it closes, per $10,000$50funding while held, a day+$1.35
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex METAUSDT | 733.44 | −0.0045 | get 0.0023% / 4h | 2h 51m | $1.9M | $5K | 10x |
| Short | Variational Omni META | 729.74 | 0 | get 0.0000% / 8h | 6h 51m | $1.4M | $2.1M | — |
Phemex METAUSDT
Variational Omni METAPrice 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
- −$50.41
- Funding while held
- $1.35
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$61.05
- Spread needed to break even
- 0.120%
Slippage unknown: Phemex: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0045%
- Per $10,000 a day
- +$1.35
- 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 | 2.33 bp | 44.2 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 2.60 bp | doesn't fit | 11.3 bp −$113 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Injective728.14cheapest
InjectiveVariational Omni729.74+0.220%
Phoenix730.45+0.317%Ondo Perps730.82+0.368%edgeX730.89+0.377%ApeX Omni730.97+0.389%Aftermath Perps731.06+0.401%Nado732.47+0.595%Binance732.69+0.625%Gate732.77+0.636%BloFin732.83+0.644%Bitget732.85+0.647%KuCoin732.89+0.652%OKX732.91+0.655%Bybit732.93+0.658%tradeXYZ732.97+0.663%Extended733.01+0.670%HTX733.11+0.683%QFEX733.13+0.685%Popdex733.19+0.694%SoDEX733.20+0.695%Aster733.21+0.697%Hotstuff733.25+0.702%Aevo733.26+0.704%Arcus733.28+0.706%Deribit733.28+0.706%SunX733.31+0.710%Paradex733.34+0.715%Polymarket Perps733.38+0.720%Coinbase International733.43+0.727%Lighter RH733.44+0.728%
Phoenix
Ondo Perps
ApeX Omni
Nado
Binance
Gate
BloFin
Bitget
KuCoin
OKX
Bybit
tradeXYZ
Extended
HTX
QFEX
Popdex
SoDEX
Aster
Hotstuff
Aevo
Arcus
Deribit
SunX
Paradex
Polymarket Perps
Coinbase International
Lighter RHPhemex733.44+0.728%
Lighter733.48+0.733%Orderly733.55+0.743%Vest733.56+0.744%
Lighter
Orderly
VestMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective META/USDC PERP | −0.723% | +0.0220% | 1h | $166K | $101K | 30x | as long as short |
| Variational Omni METAshort | −0.504% | 0.0000% | 8h | $1.4M | $2.1M | — | |
| Phoenix META | −0.408% | +0.0055% | 1h | $250K | $513K | 20x | as long as short |
| Ondo Perps META-USD.P | −0.357% | +0.0050% | 1h | $756K | $3.0M | 10x | as long as short |
| edgeX METAUSDC | −0.348% | +0.0451% | 4h | $61K | $325K | 10x | as long as short |
| ApeX Omni METAUSDT | −0.337% | +0.0100% | 1h | $134K | $57K | 50x | as long as short |
| Aftermath Perps METAUSD | −0.324% | +0.0266% | 1h | $43K | $47K | 10x | as long as short |
| Nado META-PERP | −0.132% | −0.0034% | 1h | $388K | $172K | 20x | as long as short |
| Binance METAUSDT | −0.102% | 0.0000% | 8h | $25.2M | $119.5M | 20x | as long as short |
| Gate META_USDT | −0.091% | 0.0000% | 8h | $345K | $3.9M | 100x | as long as short |