After costs, if the gap returns to its 7d average, $10k−$24
spread now+0.048%7d average+0.006%fees + slippage, in and out−$29spread needed0.285%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix META | 746.78 | 0 | get 0.0000% / 1h | 9m 44s | $276K | $618K | 20x |
| Short | Arcus META-USD | 747.14 | 0.0478 | get 0.0060% / 1h | 9m 44s | $267K | $308K | 10x |
Phoenix META
Arcus 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
- $4.82
- Funding while held
- $14.35
- Slippage, 4 orders
- −$17
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$9.33
- Spread needed to break even
- 0.285%
Slippage from Phoenix: live order book, 25 min ago; Arcus: live order book, 25 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0478%
- Per $10,000 a day
- +$14.35
- 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 Phoenix live order book, 25 min ago | 2.81 bp | 9.6 bp −$10 | 19.2 bp −$192 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 25 min ago | 1.21 bp | 5.8 bp −$6 | 10.6 bp −$106 | 15.8 bp −$1,582 | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Gate745.94cheapesttradeXYZ746.03+0.012%KuCoin746.23+0.039%Injective746.38+0.059%OKX746.39+0.060%Bitget746.39+0.060%edgeX746.40+0.061%Bybit746.42+0.064%Lighter RH746.47+0.071%Extended746.47+0.071%Binance746.54+0.080%Aster746.63+0.092%Lighter746.68+0.099%HTX746.74+0.107%
Gate
tradeXYZ
KuCoin
Injective
OKX
Bitget
Bybit
Lighter RH
Extended
Binance
Aster
Lighter
HTXPhoenix746.78+0.113%
Hotstuff746.86+0.123%SoDEX746.93+0.133%Aevo746.99+0.141%Phemex746.99+0.141%Nado747.00+0.142%Deribit747.00+0.142%Coinbase International747.07+0.151%Polymarket Perps747.12+0.158%
Hotstuff
SoDEX
Aevo
Phemex
Nado
Deribit
Coinbase International
Polymarket PerpsArcus747.14+0.161%
QFEX747.17+0.165%Variational Omni747.17+0.165%Paradex747.17+0.165%Orderly747.18+0.166%Popdex747.19+0.168%ApeX Omni747.19+0.168%SunX747.26+0.177%Ondo Perps747.38+0.193%BloFin747.40+0.196%Vest747.67+0.232%Aftermath Perps747.68+0.233%
QFEX
Variational Omni
Paradex
Orderly
Popdex
ApeX Omni
SunX
Ondo Perps
BloFin
VestMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate META_USDT | −0.112% | 0.0000% | 8h | $360K | $4.8M | 100x | as long as short |
| tradeXYZ xyz:META | −0.100% | +0.0050% | 1h | $77.4M | $91.8M | 20x | as long as short |
| KuCoin METAUSDTM | −0.074% | +0.0100% | 8h | $1.6M | $287K | 20x | as long as short |
| Injective META/USDC PERP | −0.054% | +0.0220% | 1h | $170K | $76K | 30x | as long as short |
| OKX META-USDT-SWAP | −0.052% | 0.0000% | 8h | $6.1M | $12.2M | 20x | as long as short |
| Bitget METAUSDT | −0.052% | 0.0000% | 8h | $5.8M | $9.4M | 100x | as long as short |
| edgeX METAUSDC | −0.052% | +0.0841% | 4h | $62K | $326K | 10x | as long as short |
| Bybit METAUSDT | −0.048% | 0.0000% | 8h | $8.2M | $11.6M | 100x | as long as short |
| Lighter RH META | −0.042% | +0.0032% | 1h | $739K | $3.0M | 20x | as long as short |
| Extended META_24_5-USD | −0.041% | 0.0000% | 1h | $554K | $1.4M | 17x | as long as short |