data as of
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Price arb /

META

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$40
spread now−0.017%7d average+0.039%fees + slippage, in and out−$35spread needed0.347%
Long on PhoenixShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix META726.510.0100pay 0.0012% / 1h37m 58s$282K$361K20x
ShortBloFin META-USDT726.39−0.0120pay 0.0120% / 8h7h 37m$325K$567K20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$1.65
Funding while held
−$6.6
Slippage, 4 orders
−$15.69
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$42.94
Spread needed to break even
0.347%
Slippage from Phoenix: live order book, 5 min ago; BloFin: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0220%
Per $10,000 a day
−$6.60
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 5 min ago2.62 bp9.5 bp −$918.8 bp −$188doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago0.34 bp6.6 bp −$79.7 bp −$97doesn't fitdoesn't fit

META price on every exchange

against the cheapest. Click to use as the short leg.
tradeXYZ725.87cheapestHTX725.94+0.010%SoDEX725.97+0.014%Lighter726.04+0.023%Lighter RH726.04+0.023%Phemex726.06+0.026%Gate726.12+0.034%ApeX Omni726.14+0.037%Aftermath Perps726.14+0.037%Variational Omni726.15+0.039%edgeX726.20+0.046%Bybit726.22+0.048%KuCoin726.23+0.050%Aevo726.26+0.054%Binance726.32+0.061%Deribit726.36+0.068%Bitget726.38+0.070%
BloFin726.39+0.072%
SunX726.46+0.081%
Phoenix726.51+0.088%
Aster726.51+0.089%Extended726.52+0.089%Orderly726.57+0.096%Vest726.58+0.098%QFEX726.71+0.116%Arcus726.72+0.117%Nado726.74+0.120%Coinbase International726.75+0.121%Popdex726.77+0.124%Polymarket Perps726.77+0.124%Paradex726.80+0.128%Ondo Perps726.84+0.134%OKX726.92+0.145%Injective726.96+0.150%Hotstuff726.99+0.154%

META on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
tradeXYZ xyz:META−0.088%+0.0050%1h$65.9M$51.0M20xas long as short
HTX META-USDT−0.078%0.0000%8h$103K$269K30xas long as short
SoDEX META-USD−0.074%+0.0050%1h$24K$3K10xas long as short
Lighter META−0.065%+0.0032%1h$698K$2.2M20xas long as short
Lighter RH META−0.065%+0.0032%1h$636K$2.6M20xas long as short
Phemex METAUSDT−0.062%−0.0205%4h$1.9M$5K10xas long as short
Gate META_USDT−0.054%0.0000%8h$371K$3.6M100xas long as short
ApeX Omni METAUSDT−0.051%+0.0100%1h$133K$56K50xas long as short
Aftermath Perps METAUSD−0.051%+0.0244%1h$44K$47K10xas long as short
Variational Omni META−0.049%0.0000%8h$1.4M$2.1M—as long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX METAUSDC−0.043%+0.0478%4h$61K$324K10xas long as short
Bybit METAUSDT−0.040%0.0000%8h$7.6M$8.7M100xas long as short
KuCoin METAUSDTM−0.039%+0.0100%8h$1.4M$186K20xas long as short
Aevo META-PERP−0.034%+0.0104%1h$261—10xas long as short
Binance METAUSDT−0.027%0.0000%8h$25.4M$108.4M20xas long as short
Deribit META_USDC-PERPETUAL−0.021%0.0000%1h$28K$260K10xas long as short
Bitget METAUSDT−0.018%0.0000%8h$5.2M$7.2M100xas long as short
BloFin META-USDTshort−0.017%−0.0120%8h$325K$567K20x
SunX META-USDT−0.007%0.0000%8h$883$9.2M20xas long as short
Phoenix METAlong0.000%+0.0100%1h$282K$361K20x
Aster METAUSDT+0.001%0.0000%8h$447K$95K20xas long as short
Extended META_24_5-USD+0.001%0.0000%1h$522K$1.4M17xas long as short
Orderly PERP_META_USDC_mythos+0.008%+0.0100%8h$1K—10xas long as short
Vest META-USD-PERP+0.010%+0.0046%1h—$6K25xas long as short
QFEX META-USD+0.028%+0.0016%1h$1.8M$7.4M10xas long as short
Arcus META-USD+0.029%+0.0040%1h$280K$278K10xas long as short
Nado META-PERP+0.032%+0.0025%1h$394K$121K20xas long as short
Coinbase International META-PERP-INTX+0.033%+0.0040%1h$689K$5.6M10xas long as short
Popdex METAUSDT+0.036%+0.0048%1h$173K$161K20xas long as short
Polymarket Perps META-USD+0.036%+0.0050%1h$664K$474K10xas long as short
Paradex META-USD-PERP+0.040%+0.0051%8h——5xas long as short
Ondo Perps META-USD.P+0.045%+0.0050%1h$846K$2.8M10xas long as short
OKX META-USDT-SWAP+0.056%0.0000%8h$5.8M$9.4M20xas long as short
Injective META/USDC PERP+0.062%+0.0220%1h$165K$135K30xas long as short
Hotstuff META-PERP+0.066%+0.0136%1h$32K$10520xas long as short