After costs, if the gap returns to its 7d average, $10k−$29
spread now+0.127%7d average+0.021%fees + slippage, in and out−$40spread needed0.397%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix META | 725.65 | 0.0100 | pay 0.0012% / 1h | 40m 55s | $282K | $361K | 20x |
| Short | edgeX METAUSDC | 726.57 | 0.0510 | get 0.0255% / 4h | 3h 40m | $61K | $323K | 10x |
Phoenix 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
- $12.67
- Funding while held
- $12.31
- Slippage, 4 orders
- −$23.72
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$14.74
- Spread needed to break even
- 0.397%
Slippage from Phoenix: live order book, 66 min ago; edgeX: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0410%
- Per $10,000 a day
- +$12.31
- 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, 66 min ago | 2.96 bp | 10.2 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 5.10 bp | 9.7 bp −$10 | 10.5 bp −$105 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Aftermath Perps725.49cheapest
Phoenix725.65+0.023%
Coinbase International725.70+0.030%Gate725.90+0.057%Nado725.94+0.062%Ondo Perps725.95+0.064%Bybit726.00+0.071%KuCoin726.02+0.074%Binance726.04+0.076%QFEX726.04+0.076%Extended726.06+0.080%Deribit726.10+0.085%Paradex726.12+0.087%ApeX Omni726.14+0.090%Variational Omni726.15+0.092%Aster726.15+0.092%HTX726.17+0.094%Hotstuff726.18+0.096%Aevo726.20+0.098%Bitget726.20+0.099%Popdex726.21+0.100%SunX726.27+0.108%Phemex726.31+0.114%Arcus726.32+0.115%SoDEX726.35+0.119%OKX726.38+0.123%Orderly726.38+0.123%tradeXYZ726.39+0.125%Lighter RH726.41+0.127%Vest726.41+0.127%Polymarket Perps726.42+0.129%Lighter726.44+0.132%BloFin726.49+0.139%Injective726.96+0.203%
Coinbase International
Gate
Nado
Ondo Perps
Bybit
KuCoin
Binance
QFEX
Extended
Deribit
Paradex
ApeX Omni
Variational Omni
Aster
HTX
Hotstuff
Aevo
Bitget
Popdex
SunX
Phemex
Arcus
SoDEX
OKX
Orderly
tradeXYZ
Lighter RH
Vest
Polymarket Perps
Lighter
BloFin
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aftermath Perps METAUSD | −0.023% | +0.0231% | 1h | $44K | $47K | 10x | as long as short |
| Phoenix METAlong | 0.000% | +0.0100% | 1h | $282K | $361K | 20x | |
| Coinbase International META-PERP-INTX | +0.007% | +0.0040% | 1h | $699K | $5.5M | 10x | as long as short |
| Gate META_USDT | +0.034% | 0.0000% | 8h | $370K | $3.6M | 100x | as long as short |
| Nado META-PERP | +0.040% | +0.0022% | 1h | $394K | $121K | 20x | as long as short |
| Ondo Perps META-USD.P | +0.041% | +0.0050% | 1h | $846K | $2.8M | 10x | as long as short |
| Bybit METAUSDT | +0.048% | 0.0000% | 8h | $7.6M | $8.7M | 100x | as long as short |
| KuCoin METAUSDTM | +0.051% | +0.0100% | 8h | $1.4M | $185K | 20x | as long as short |
| Binance METAUSDT | +0.054% | 0.0000% | 8h | $25.4M | $107.8M | 20x | as long as short |
| QFEX META-USD | +0.054% | +0.0016% | 1h | $1.8M | $7.3M | 10x | as long as short |