Spread before costs (cost unknown: a leg has no order-book sample)+0.151%
7d average—if it closes, per $10,000$15funding while held, a day−$0.28
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix META | 737.29 | 0.0055 | pay 0.0007% / 1h | 29m 09s | $252K | $513K | 20x |
| Short | Vest META-USD-PERP | 738.40 | 0.0046 | get 0.0006% / 1h | 29m 09s | — | $9K | 25x |
Phoenix META
Vest META-USD-PERPPrice 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
- $15.06
- Funding while held
- −$0.28
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $5.78
- Spread needed to break even
- 0.090%
Slippage unknown: Phoenix: live order book, 10 min ago; Vest: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0009%
- Per $10,000 a day
- −$0.28
- 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, 10 min ago | 2.99 bp | 10.1 bp −$10 | 20.5 bp −$205 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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.Phoenix737.29cheapest
Gate737.35+0.008%Coinbase International737.68+0.053%Variational Omni737.70+0.055%Nado737.71+0.057%KuCoin737.75+0.062%Ondo Perps737.76+0.064%ApeX Omni737.78+0.066%Aftermath Perps737.78+0.067%Hotstuff737.83+0.073%HTX737.84+0.075%Deribit737.85+0.076%Bitget737.86+0.077%Aster737.91+0.084%SoDEX737.91+0.084%tradeXYZ737.93+0.087%Extended737.95+0.090%Paradex737.96+0.090%Binance737.97+0.093%Bybit737.99+0.095%QFEX738.02+0.099%Aevo738.02+0.100%Lighter RH738.03+0.100%Popdex738.03+0.100%Phemex738.04+0.102%Polymarket Perps738.06+0.104%OKX738.12+0.113%Orderly738.14+0.115%edgeX738.17+0.119%SunX738.18+0.121%Lighter738.19+0.122%Arcus738.21+0.125%BloFin738.29+0.136%
Gate
Coinbase International
Variational Omni
Nado
KuCoin
Ondo Perps
ApeX Omni
Hotstuff
HTX
Deribit
Bitget
Aster
SoDEX
tradeXYZ
Extended
Paradex
Binance
Bybit
QFEX
Aevo
Lighter RH
Popdex
Phemex
Polymarket Perps
OKX
Orderly
SunX
Lighter
Arcus
BloFinVest738.40+0.151%
Injective740.12+0.384%
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix METAlong | 0.000% | +0.0055% | 1h | $252K | $513K | 20x | |
| Gate META_USDT | +0.008% | 0.0000% | 8h | $354K | $4.1M | 100x | as long as short |
| Coinbase International META-PERP-INTX | +0.053% | +0.0048% | 1h | $648K | $6.1M | 10x | as long as short |
| Variational Omni META | +0.055% | 0.0000% | 8h | $1.5M | $2.1M | — | as long as short |
| Nado META-PERP | +0.057% | +0.0015% | 1h | $390K | $173K | 20x | as long as short |
| KuCoin METAUSDTM | +0.062% | +0.0100% | 8h | $1.5M | $207K | 20x | as long as short |
| Ondo Perps META-USD.P | +0.064% | +0.0050% | 1h | $755K | $3.1M | 10x | as long as short |
| ApeX Omni METAUSDT | +0.066% | +0.0100% | 1h | $135K | $57K | 50x | as long as short |
| Aftermath Perps METAUSD | +0.067% | +0.0277% | 1h | $44K | $45K | 10x | as long as short |
| Hotstuff META-PERP | +0.073% | −0.0080% | 1h | $33K | $105 | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX META-USDT | +0.075% | 0.0000% | 8h | $105K | $274K | 30x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.076% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Bitget METAUSDT | +0.077% | 0.0000% | 8h | $5.7M | $8.2M | 100x | as long as short |
| Aster METAUSDT | +0.084% | 0.0000% | 8h | $454K | $168K | 20x | as long as short |
| SoDEX META-USD | +0.084% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| tradeXYZ xyz:META | +0.087% | +0.0050% | 1h | $67.3M | $56.7M | 20x | as long as short |
| Extended META_24_5-USD | +0.090% | 0.0000% | 1h | $549K | $1.4M | 17x | as long as short |
| Paradex META-USD-PERP | +0.090% | +0.0051% | 8h | — | — | 5x | as long as short |
| Binance METAUSDT | +0.093% | 0.0000% | 8h | $25.8M | $127.5M | 20x | as long as short |
| Bybit METAUSDT | +0.095% | 0.0000% | 8h | $7.6M | $9.7M | 100x | as long as short |
| QFEX META-USD | +0.099% | +0.0020% | 1h | $1.8M | $9.4M | 10x | as long as short |
| Aevo META-PERP | +0.100% | +0.0104% | 1h | $266 | — | 10x | as long as short |
| Lighter RH META | +0.100% | +0.0032% | 1h | $705K | $2.7M | 20x | as long as short |
| Popdex METAUSDT | +0.100% | +0.0048% | 1h | $174K | $174K | 20x | as long as short |
| Phemex METAUSDT | +0.102% | 0.0000% | 4h | $2.0M | $5K | 10x | as long as short |
| Polymarket Perps META-USD | +0.104% | +0.0050% | 1h | $668K | $483K | 10x | as long as short |
| OKX META-USDT-SWAP | +0.113% | 0.0000% | 8h | $5.9M | $10.2M | 20x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.115% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| edgeX METAUSDC | +0.119% | +0.0396% | 4h | $62K | $327K | 10x | as long as short |
| SunX META-USDT | +0.121% | 0.0000% | 8h | $1K | $9.3M | 20x | as long as short |
| Lighter META | +0.122% | +0.0056% | 1h | $851K | $2.4M | 20x | as long as short |
| Arcus META-USD | +0.125% | +0.0325% | 1h | $269K | $298K | 10x | as long as short |
| BloFin META-USDT | +0.136% | −0.0120% | 8h | $329K | $858K | 20x | as long as short |
| Vest META-USD-PERPshort | +0.151% | +0.0046% | 1h | — | $9K | 25x | |
| Injective META/USDC PERP | +0.384% | +0.0220% | 1h | $168K | $101K | 30x | as long as short |