After costs, if the gap returns to its 7d average, $10k−$108
spread now+0.023%7d average+0.054%fees + slippage, in and out−$105spread needed1.048%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix META | 742.39 | 0 | get 0.0000% / 1h | 49m 28s | $274K | $618K | 20x |
| Short | Phemex METAUSDT | 742.56 | 0 | get 0.0000% / 4h | 1h 49m | $2.0M | $6K | 10x |
Phoenix META
Phemex METAUSDTPrice 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
- $2.29
- Funding while held
- $0
- Slippage, 4 orders
- −$85.8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$102.51
- Spread needed to break even
- 1.048%
Slippage from Phoenix: live order book, 49 min ago; Phemex: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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, 49 min ago | 2.99 bp | 10.1 bp −$10 | 20.5 bp −$205 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 0.88 bp | 39.5 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Gate741.40cheapesttradeXYZ741.64+0.032%HTX741.70+0.040%Bitget741.72+0.043%OKX741.79+0.053%Deribit741.85+0.061%Paradex741.89+0.066%Bybit741.89+0.066%Extended741.90+0.068%KuCoin741.91+0.069%SoDEX741.91+0.069%Binance741.91+0.069%Arcus741.92+0.070%Popdex741.94+0.073%Polymarket Perps741.96+0.076%Coinbase International741.96+0.076%Hotstuff741.98+0.078%QFEX742.01+0.082%Aster742.07+0.090%Variational Omni742.08+0.092%Ondo Perps742.19+0.107%Lighter RH742.21+0.109%Aevo742.27+0.117%BloFin742.27+0.117%Lighter742.28+0.119%ApeX Omni742.29+0.120%
Gate
tradeXYZ
HTX
Bitget
OKX
Deribit
Paradex
Bybit
Extended
KuCoin
SoDEX
Binance
Arcus
Popdex
Polymarket Perps
Coinbase International
Hotstuff
QFEX
Aster
Variational Omni
Ondo Perps
Lighter RH
Aevo
BloFin
Lighter
ApeX OmniPhoenix742.39+0.134%
SunX742.39+0.134%Nado742.39+0.134%Vest742.41+0.136%Orderly742.41+0.136%
SunX
Nado
Vest
OrderlyPhemex742.56+0.156%
edgeX742.62+0.164%Aftermath Perps742.70+0.175%Injective743.78+0.321%
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate META_USDT | −0.133% | 0.0000% | 8h | $340K | $4.5M | 100x | as long as short |
| tradeXYZ xyz:META | −0.101% | +0.0050% | 1h | $71.2M | $73.5M | 20x | as long as short |
| HTX META-USDT | −0.093% | 0.0000% | 8h | $105K | $279K | 30x | as long as short |
| Bitget METAUSDT | −0.090% | 0.0000% | 8h | $5.7M | $9.0M | 100x | as long as short |
| OKX META-USDT-SWAP | −0.081% | 0.0000% | 8h | $5.9M | $11.2M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.073% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Paradex META-USD-PERP | −0.067% | +0.0051% | 8h | — | — | 5x | as long as short |
| Bybit METAUSDT | −0.067% | 0.0000% | 8h | $7.9M | $10.6M | 100x | as long as short |
| Extended META_24_5-USD | −0.066% | 0.0000% | 1h | $550K | $1.4M | 17x | as long as short |
| KuCoin METAUSDTM | −0.065% | +0.0100% | 8h | $1.6M | $273K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX META-USD | −0.065% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Binance METAUSDT | −0.064% | 0.0000% | 8h | $26.8M | $142.0M | 20x | as long as short |
| Arcus META-USD | −0.063% | +0.0478% | 1h | $269K | $302K | 10x | as long as short |
| Popdex METAUSDT | −0.061% | +0.0048% | 1h | $172K | $184K | 20x | as long as short |
| Polymarket Perps META-USD | −0.058% | +0.0050% | 1h | $671K | $520K | 10x | as long as short |
| Coinbase International META-PERP-INTX | −0.058% | +0.0048% | 1h | $633K | $6.3M | 10x | as long as short |
| Hotstuff META-PERP | −0.055% | +0.0096% | 1h | $33K | $105 | 20x | as long as short |
| QFEX META-USD | −0.051% | +0.0026% | 1h | $2.0M | $10.9M | 10x | as long as short |
| Aster METAUSDT | −0.044% | 0.0000% | 8h | $457K | $265K | 20x | as long as short |
| Variational Omni META | −0.041% | 0.0000% | 8h | $1.5M | $2.2M | — | as long as short |
| Ondo Perps META-USD.P | −0.027% | +0.0050% | 1h | $737K | $3.3M | 10x | as long as short |
| Lighter RH META | −0.024% | +0.0032% | 1h | $689K | $2.8M | 20x | as long as short |
| Aevo META-PERP | −0.016% | +0.0104% | 1h | $267 | — | 10x | as long as short |
| BloFin META-USDT | −0.016% | −0.0009% | 8h | $331K | $955K | 20x | as long as short |
| Lighter META | −0.015% | +0.0040% | 1h | $854K | $2.4M | 20x | as long as short |
| ApeX Omni METAUSDT | −0.013% | +0.0100% | 1h | $166K | $72K | 50x | as long as short |
| Phoenix METAlong | 0.000% | 0.0000% | 1h | $274K | $618K | 20x | |
| SunX META-USDT | 0.000% | 0.0000% | 8h | $993 | $9.4M | 20x | as long as short |
| Nado META-PERP | 0.000% | −0.0021% | 1h | $392K | $173K | 20x | as long as short |
| Vest META-USD-PERP | +0.003% | +0.0046% | 1h | — | $9K | 25x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.003% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Phemex METAUSDTshort | +0.023% | 0.0000% | 4h | $2.0M | $6K | 10x | |
| edgeX METAUSDC | +0.031% | +0.0209% | 4h | $62K | $327K | 10x | as long as short |
| Aftermath Perps METAUSD | +0.042% | +0.0297% | 1h | $44K | $46K | 10x | as long as short |
| Injective META/USDC PERP | +0.187% | +0.0220% | 1h | $169K | $76K | 30x | as long as short |