After costs, if the gap returns to its 7d average, $10k−$20
spread now+0.049%7d average−0.045%fees + slippage, in and out−$29spread needed0.292%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps META-USD | 732.92 | 0.0050 | pay 0.0006% / 1h | 51m 25s | $666K | $481K | 10x |
| Short | Deribit META_USDC-PERPETUAL | 733.28 | 0 | get 0.0000% / 1h | 51m 25s | $28K | $266K | 10x |
Polymarket Perps META-USD
Deribit META_USDC-PERPETUALPrice 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
- $4.91
- Funding while held
- −$1.5
- Slippage, 4 orders
- −$14.15
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$25.74
- Spread needed to break even
- 0.292%
Slippage from Polymarket Perps: live order book, 53 min ago; Deribit: live order book, 59 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, 53 min ago | 1.17 bp | 6.5 bp −$7 | 8.3 bp −$83 | 10.3 bp −$1,033 | doesn't fit |
| Sell Deribit live order book, 59 min ago | 3.66 bp | 7.2 bp −$7 | 8.9 bp −$89 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Injective728.14cheapestVariational Omni729.74+0.220%Phoenix730.45+0.317%Aftermath Perps731.56+0.470%Gate732.30+0.571%edgeX732.33+0.575%KuCoin732.49+0.597%Extended732.56+0.607%Lighter RH732.57+0.608%OKX732.58+0.610%Paradex732.59+0.611%Ondo Perps732.65+0.619%Lighter732.67+0.622%Nado732.67+0.622%Aevo732.69+0.625%ApeX Omni732.71+0.628%Bitget732.72+0.629%QFEX732.77+0.636%tradeXYZ732.80+0.640%Bybit732.80+0.640%Aster732.81+0.641%Arcus732.82+0.643%Orderly732.82+0.643%BloFin732.83+0.644%Popdex732.84+0.645%
Injective
Variational Omni
Phoenix
Gate
KuCoin
Extended
Lighter RH
OKX
Paradex
Ondo Perps
Lighter
Nado
Aevo
ApeX Omni
Bitget
QFEX
tradeXYZ
Bybit
Aster
Arcus
Orderly
BloFin
PopdexPolymarket Perps732.92+0.656%
Binance732.94+0.659%HTX733.11+0.683%SoDEX733.20+0.695%Hotstuff733.25+0.702%
Binance
HTX
SoDEX
HotstuffDeribit733.28+0.706%
SunX733.31+0.710%Vest733.32+0.711%Coinbase International733.43+0.727%Phemex733.44+0.728%
SunX
Vest
Coinbase International
PhemexMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective META/USDC PERP | −0.652% | +0.0220% | 1h | $166K | $101K | 30x | as long as short |
| Variational Omni META | −0.433% | 0.0000% | 8h | $1.4M | $2.1M | — | as long as short |
| Phoenix META | −0.337% | +0.0055% | 1h | $250K | $513K | 20x | as long as short |
| Aftermath Perps METAUSD | −0.185% | +0.0267% | 1h | $43K | $47K | 10x | as long as short |
| Gate META_USDT | −0.085% | 0.0000% | 8h | $344K | $3.9M | 100x | as long as short |
| edgeX METAUSDC | −0.081% | +0.0647% | 4h | $61K | $326K | 10x | as long as short |
| KuCoin METAUSDTM | −0.059% | +0.0100% | 8h | $1.5M | $197K | 20x | as long as short |
| Extended META_24_5-USD | −0.049% | 0.0000% | 1h | $542K | $1.4M | 17x | as long as short |
| Lighter RH META | −0.048% | +0.0032% | 1h | $700K | $2.6M | 20x | as long as short |
| OKX META-USDT-SWAP | −0.046% | 0.0000% | 8h | $5.9M | $9.9M | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex META-USD-PERP | −0.045% | +0.0051% | 8h | — | — | 5x | as long as short |
| Ondo Perps META-USD.P | −0.037% | +0.0050% | 1h | $746K | $3.0M | 10x | as long as short |
| Lighter META | −0.034% | +0.0032% | 1h | $844K | $2.4M | 20x | as long as short |
| Nado META-PERP | −0.034% | −0.0018% | 1h | $388K | $172K | 20x | as long as short |
| Aevo META-PERP | −0.031% | +0.0104% | 1h | $264 | — | 10x | as long as short |
| ApeX Omni METAUSDT | −0.029% | +0.0100% | 1h | $135K | $57K | 50x | as long as short |
| Bitget METAUSDT | −0.027% | 0.0000% | 8h | $5.3M | $8.0M | 100x | as long as short |
| QFEX META-USD | −0.020% | +0.0020% | 1h | $1.8M | $8.7M | 10x | as long as short |
| tradeXYZ xyz:META | −0.016% | +0.0050% | 1h | $66.5M | $54.1M | 20x | as long as short |
| Bybit METAUSDT | −0.016% | 0.0000% | 8h | $7.5M | $9.1M | 100x | as long as short |
| Aster METAUSDT | −0.015% | 0.0000% | 8h | $451K | $120K | 20x | as long as short |
| Arcus META-USD | −0.014% | +0.0325% | 1h | $272K | $293K | 10x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.014% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| BloFin META-USDT | −0.012% | −0.0120% | 8h | $326K | $640K | 20x | as long as short |
| Popdex METAUSDT | −0.011% | +0.0048% | 1h | $178K | $167K | 20x | as long as short |
| Polymarket Perps META-USDlong | 0.000% | +0.0050% | 1h | $666K | $481K | 10x | |
| Binance METAUSDT | +0.003% | 0.0000% | 8h | $25.2M | $119.6M | 20x | as long as short |
| HTX META-USDT | +0.026% | 0.0000% | 8h | $104K | $270K | 30x | as long as short |
| SoDEX META-USD | +0.038% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Hotstuff META-PERP | +0.045% | +0.0056% | 1h | $33K | $105 | 20x | as long as short |
| Deribit META_USDC-PERPETUALshort | +0.049% | 0.0000% | 1h | $28K | $266K | 10x | |
| SunX META-USDT | +0.053% | 0.0000% | 8h | $780 | $9.3M | 20x | as long as short |
| Vest META-USD-PERP | +0.055% | +0.0046% | 1h | — | $8K | 25x | as long as short |
| Coinbase International META-PERP-INTX | +0.070% | +0.0048% | 1h | $629K | $5.9M | 10x | as long as short |
| Phemex METAUSDT | +0.071% | −0.0045% | 4h | $1.9M | $5K | 10x | as long as short |