After costs, if the gap returns to its 7d average, $10k−$34
spread now−0.044%7d average+0.020%fees + slippage, in and out−$28spread needed0.276%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps META-USD | 742.44 | 0.0050 | pay 0.0006% / 1h | 2m 54s | $672K | $484K | 10x |
| Short | Binance METAUSDT | 742.11 | 0 | get 0.0000% / 8h | 6h 02m | $26.5M | $137.6M | 20x |
Polymarket Perps META-USD
Binance 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
- −$4.44
- Funding while held
- −$1.5
- Slippage, 4 orders
- −$9.59
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$33.53
- Spread needed to break even
- 0.276%
Slippage from Polymarket Perps: live order book, 36 min ago; Binance: live order book, 12 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.50
- 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 Polymarket Perps live order book, 36 min ago | 1.70 bp | 7.5 bp −$8 | 8.7 bp −$87 | 9.6 bp −$961 | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.07 bp | 5.9 bp −$6 | 10.9 bp −$109 | 38.6 bp −$3,861 | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Phoenix740.96cheapestApeX Omni741.06+0.013%edgeX741.40+0.059%Hotstuff741.53+0.077%Gate741.58+0.084%Variational Omni741.60+0.086%Paradex741.82+0.116%Ondo Perps741.88+0.124%Coinbase International741.94+0.132%KuCoin741.98+0.138%Aftermath Perps742.00+0.141%HTX742.01+0.142%Aster742.01+0.142%Nado742.09+0.153%Bybit742.10+0.154%Phemex742.10+0.154%
Phoenix
ApeX Omni
Hotstuff
Gate
Variational Omni
Paradex
Ondo Perps
Coinbase International
KuCoin
HTX
Aster
Nado
Bybit
PhemexBinance742.11+0.155%
tradeXYZ742.14+0.159%Lighter RH742.14+0.159%Bitget742.15+0.161%SoDEX742.15+0.161%BloFin742.15+0.161%Deribit742.19+0.166%Extended742.27+0.177%Aevo742.30+0.181%OKX742.32+0.184%Orderly742.39+0.193%
tradeXYZ
Lighter RH
Bitget
SoDEX
BloFin
Deribit
Extended
Aevo
OKX
OrderlyPolymarket Perps742.44+0.200%
Popdex742.46+0.202%Lighter742.47+0.204%QFEX742.48+0.205%Arcus742.51+0.209%SunX742.54+0.213%Vest742.60+0.221%Injective743.22+0.305%
Popdex
Lighter
QFEX
Arcus
SunX
Vest
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix META | −0.199% | +0.0055% | 1h | $274K | $513K | 20x | as long as short |
| ApeX Omni METAUSDT | −0.186% | +0.0100% | 1h | $166K | $72K | 50x | as long as short |
| edgeX METAUSDC | −0.141% | +0.0664% | 4h | $62K | $327K | 10x | as long as short |
| Hotstuff META-PERP | −0.123% | +0.0104% | 1h | $33K | $105 | 20x | as long as short |
| Gate META_USDT | −0.116% | 0.0000% | 8h | $342K | $4.4M | 100x | as long as short |
| Variational Omni META | −0.113% | 0.0000% | 8h | $1.5M | $2.2M | — | as long as short |
| Paradex META-USD-PERP | −0.084% | +0.0051% | 8h | — | — | 5x | as long as short |
| Ondo Perps META-USD.P | −0.075% | +0.0050% | 1h | $739K | $3.3M | 10x | as long as short |
| Coinbase International META-PERP-INTX | −0.067% | +0.0048% | 1h | $646K | $6.3M | 10x | as long as short |
| KuCoin METAUSDTM | −0.062% | +0.0100% | 8h | $1.6M | $266K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aftermath Perps METAUSD | −0.059% | +0.0288% | 1h | $44K | $45K | 10x | as long as short |
| HTX META-USDT | −0.058% | 0.0000% | 8h | $105K | $280K | 30x | as long as short |
| Aster METAUSDT | −0.057% | 0.0000% | 8h | $457K | $193K | 20x | as long as short |
| Nado META-PERP | −0.047% | +0.0004% | 1h | $393K | $173K | 20x | as long as short |
| Bybit METAUSDT | −0.046% | 0.0000% | 8h | $7.9M | $10.4M | 100x | as long as short |
| Phemex METAUSDT | −0.046% | 0.0000% | 4h | $2.0M | $5K | 10x | as long as short |
| Binance METAUSDTshort | −0.044% | 0.0000% | 8h | $26.5M | $137.6M | 20x | |
| tradeXYZ xyz:META | −0.040% | +0.0050% | 1h | $70.3M | $69.4M | 20x | as long as short |
| Lighter RH META | −0.040% | +0.0032% | 1h | $707K | $2.8M | 20x | as long as short |
| Bitget METAUSDT | −0.039% | 0.0000% | 8h | $5.7M | $8.9M | 100x | as long as short |
| SoDEX META-USD | −0.039% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| BloFin META-USDT | −0.039% | −0.0022% | 8h | $332K | $928K | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.034% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Extended META_24_5-USD | −0.023% | 0.0000% | 1h | $552K | $1.4M | 17x | as long as short |
| Aevo META-PERP | −0.019% | +0.0104% | 1h | $267 | — | 10x | as long as short |
| OKX META-USDT-SWAP | −0.016% | 0.0000% | 8h | $6.0M | $10.8M | 20x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.007% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Polymarket Perps META-USDlong | 0.000% | +0.0050% | 1h | $672K | $484K | 10x | |
| Popdex METAUSDT | +0.003% | +0.0048% | 1h | $172K | $183K | 20x | as long as short |
| Lighter META | +0.004% | +0.0072% | 1h | $856K | $2.5M | 20x | as long as short |
| QFEX META-USD | +0.005% | +0.0020% | 1h | $1.9M | $10.4M | 10x | as long as short |
| Arcus META-USD | +0.009% | +0.0325% | 1h | $270K | $302K | 10x | as long as short |
| SunX META-USDT | +0.013% | 0.0000% | 8h | $969 | $9.3M | 20x | as long as short |
| Vest META-USD-PERP | +0.022% | +0.0046% | 1h | — | $9K | 25x | as long as short |
| Injective META/USDC PERP | +0.105% | +0.0220% | 1h | $169K | $101K | 30x | as long as short |