Spread before costs (cost unknown: a leg has no order-book sample)+0.025%
7d average—if it closes, per $10,000$3funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix META | 745.68 | 0 | get 0.0000% / 1h | 1m 54s | $276K | $618K | 20x |
| Short | Orderly PERP_META_USDC_mythos | 745.87 | 0.0100 | get 0.0100% / 8h | 5h 01m | $1K | $24 | 10x |
Phoenix META
Orderly PERP_META_USDC_mythosPrice 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
- $2.55
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$7.45
- Spread needed to break even
- 0.130%
Slippage unknown: Phoenix: live order book, 33 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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, 33 min ago | 2.81 bp | 9.6 bp −$10 | 19.2 bp −$192 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Injective744.57cheapestBloFin744.63+0.008%Coinbase International744.72+0.020%ApeX Omni744.94+0.050%edgeX745.11+0.073%Gate745.48+0.122%Phemex745.52+0.128%Ondo Perps745.54+0.130%Hotstuff745.56+0.133%tradeXYZ745.68+0.149%
Injective
BloFin
Coinbase International
ApeX Omni
Gate
Phemex
Ondo Perps
Hotstuff
tradeXYZPhoenix745.68+0.149%
KuCoin745.69+0.150%OKX745.74+0.157%Arcus745.74+0.157%QFEX745.74+0.157%Paradex745.79+0.163%Aster745.81+0.166%Nado745.81+0.167%Aevo745.83+0.170%HTX745.84+0.171%
KuCoin
OKX
Arcus
QFEX
Paradex
Aster
Nado
Aevo
HTXOrderly745.87+0.175%
Deribit745.87+0.175%Bitget745.88+0.176%SoDEX745.90+0.179%Polymarket Perps745.91+0.180%Binance745.94+0.184%Extended745.99+0.191%Bybit746.00+0.192%Popdex746.00+0.192%Lighter RH746.08+0.203%SunX746.11+0.207%Variational Omni746.17+0.215%Lighter746.23+0.223%Vest746.27+0.228%Aftermath Perps746.41+0.247%
Deribit
Bitget
SoDEX
Polymarket Perps
Binance
Extended
Bybit
Popdex
Lighter RH
SunX
Variational Omni
Lighter
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 | −0.149% | +0.0220% | 1h | $169K | $76K | 30x | as long as short |
| BloFin META-USDT | −0.141% | −0.0120% | 8h | $336K | $1.0M | 20x | as long as short |
| Coinbase International META-PERP-INTX | −0.129% | +0.0048% | 1h | $648K | $6.5M | 10x | as long as short |
| ApeX Omni METAUSDT | −0.099% | +0.0100% | 1h | $167K | $71K | 50x | as long as short |
| edgeX METAUSDC | −0.076% | +0.0745% | 4h | $62K | $328K | 10x | as long as short |
| Gate META_USDT | −0.027% | 0.0000% | 8h | $360K | $4.8M | 100x | as long as short |
| Phemex METAUSDT | −0.021% | 0.0000% | 4h | $2.0M | $6K | 10x | as long as short |
| Ondo Perps META-USD.P | −0.019% | +0.0050% | 1h | $712K | $3.6M | 10x | as long as short |
| Hotstuff META-PERP | −0.016% | +0.0176% | 1h | $33K | $105 | 20x | as long as short |
| tradeXYZ xyz:META | 0.000% | +0.0050% | 1h | $77.4M | $92.2M | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix METAlong | 0.000% | 0.0000% | 1h | $276K | $618K | 20x | |
| KuCoin METAUSDTM | +0.001% | +0.0100% | 8h | $1.6M | $289K | 20x | as long as short |
| OKX META-USDT-SWAP | +0.008% | 0.0000% | 8h | $6.1M | $12.2M | 20x | as long as short |
| Arcus META-USD | +0.008% | +0.0478% | 1h | $267K | $308K | 10x | as long as short |
| QFEX META-USD | +0.008% | +0.0026% | 1h | $2.2M | $12.4M | 10x | as long as short |
| Paradex META-USD-PERP | +0.014% | +0.0050% | 8h | — | — | 5x | as long as short |
| Aster METAUSDT | +0.017% | 0.0000% | 8h | $459K | $432K | 20x | as long as short |
| Nado META-PERP | +0.018% | −0.0020% | 1h | $394K | $215K | 20x | as long as short |
| Aevo META-PERP | +0.021% | +0.0104% | 1h | $269 | — | 10x | as long as short |
| HTX META-USDT | +0.021% | 0.0000% | 8h | $105K | $280K | 30x | as long as short |
| Orderly PERP_META_USDC_mythosshort | +0.025% | +0.0100% | 8h | $1K | $24 | 10x | |
| Deribit META_USDC-PERPETUAL | +0.025% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Bitget METAUSDT | +0.027% | 0.0000% | 8h | $5.8M | $9.4M | 100x | as long as short |
| SoDEX META-USD | +0.030% | +0.0050% | 1h | $25K | $3K | 10x | as long as short |
| Polymarket Perps META-USD | +0.031% | +0.0050% | 1h | $544K | $835K | 10x | as long as short |
| Binance METAUSDT | +0.035% | 0.0000% | 8h | $27.7M | $154.9M | 20x | as long as short |
| Extended META_24_5-USD | +0.041% | 0.0000% | 1h | $554K | $1.4M | 17x | as long as short |
| Bybit METAUSDT | +0.043% | 0.0000% | 8h | $8.0M | $11.7M | 100x | as long as short |
| Popdex METAUSDT | +0.043% | +0.0048% | 1h | $176K | $192K | 20x | as long as short |
| Lighter RH META | +0.054% | +0.0032% | 1h | $738K | $3.0M | 20x | as long as short |
| SunX META-USDT | +0.058% | 0.0000% | 8h | $961 | $9.4M | 20x | as long as short |
| Variational Omni META | +0.066% | 0.0000% | 8h | $1.6M | $2.2M | — | as long as short |
| Lighter META | +0.074% | +0.0048% | 1h | $861K | $2.5M | 20x | as long as short |
| Vest META-USD-PERP | +0.079% | +0.0046% | 1h | — | $9K | 25x | as long as short |
| Aftermath Perps METAUSD | +0.098% | +0.0299% | 1h | $45K | $46K | 10x | as long as short |