Spread before costs (cost unknown: a leg has no order-book sample)+0.192%
7d average−0.062%if it closes, per $10,000$19funding while held, a day−$0.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix META | 733.54 | 0.0055 | pay 0.0007% / 1h | 44m 43s | $251K | $513K | 20x |
| Short | Ondo Perps META-USD.P | 734.95 | 0.0050 | get 0.0006% / 1h | 44m 43s | $759K | $3.0M | 10x |
Phoenix META
Ondo Perps META-USD.PPrice 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
- $19.22
- Funding while held
- −$0.13
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $7.09
- Spread needed to break even
- 0.120%
Slippage unknown: Phoenix: live order book, 58 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.13
- 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, 58 min ago | 2.62 bp | 9.5 bp −$9 | 18.8 bp −$188 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
META price on every exchange
against the cheapest. Click to use as the short leg.Injective732.81cheapest
InjectivePhoenix733.54+0.100%
Aftermath Perps733.88+0.146%edgeX734.12+0.179%Phemex734.23+0.194%KuCoin734.26+0.198%tradeXYZ734.37+0.213%Gate734.40+0.217%Nado734.56+0.238%Binance734.59+0.243%Bitget734.59+0.243%Bybit734.61+0.246%ApeX Omni734.61+0.246%Hotstuff734.65+0.251%QFEX734.71+0.259%Polymarket Perps734.74+0.263%Popdex734.76+0.266%Variational Omni734.78+0.268%Coinbase International734.78+0.269%Aevo734.81+0.273%SunX734.81+0.273%HTX734.81+0.273%Lighter RH734.82+0.274%Deribit734.86+0.280%Paradex734.87+0.282%Aster734.91+0.286%Lighter734.91+0.287%OKX734.91+0.287%SoDEX734.91+0.287%BloFin734.93+0.289%
Phemex
KuCoin
tradeXYZ
Gate
Nado
Binance
Bitget
Bybit
ApeX Omni
Hotstuff
QFEX
Polymarket Perps
Popdex
Variational Omni
Coinbase International
Aevo
SunX
HTX
Lighter RH
Deribit
Paradex
Aster
Lighter
OKX
SoDEX
BloFinOndo Perps734.95+0.292%
Vest734.96+0.293%Orderly734.99+0.297%Extended735.03+0.303%Arcus735.10+0.312%
Vest
Orderly
Extended
ArcusMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective META/USDC PERP | −0.100% | +0.0220% | 1h | $167K | $101K | 30x | as long as short |
| Phoenix METAlong | 0.000% | +0.0055% | 1h | $251K | $513K | 20x | |
| Aftermath Perps METAUSD | +0.046% | +0.0272% | 1h | $44K | $47K | 10x | as long as short |
| edgeX METAUSDC | +0.079% | +0.0091% | 4h | $61K | $327K | 10x | as long as short |
| Phemex METAUSDT | +0.094% | −0.0003% | 4h | $1.9M | $5K | 10x | as long as short |
| KuCoin METAUSDTM | +0.098% | +0.0100% | 8h | $1.5M | $198K | 20x | as long as short |
| tradeXYZ xyz:META | +0.113% | +0.0050% | 1h | $66.8M | $54.8M | 20x | as long as short |
| Gate META_USDT | +0.117% | 0.0000% | 8h | $345K | $4.0M | 100x | as long as short |
| Nado META-PERP | +0.139% | +0.0009% | 1h | $389K | $172K | 20x | as long as short |
| Binance METAUSDT | +0.143% | 0.0000% | 8h | $25.4M | $121.5M | 20x | as long as short |