Spread before costs (cost unknown: a leg has no order-book sample)−0.161%
7d average+0.058%if it closes, per $10,000$16funding while held, a day−$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps META-USD | 729.41 | 0.0050 | pay 0.0006% / 1h | 56m 38s | $663K | $481K | 10x |
| Short | Variational Omni META | 728.24 | 0 | get 0.0000% / 8h | 6h 56m | $1.4M | $2.1M | — |
Polymarket Perps META-USD
Variational Omni METAPrice 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
- −$16.08
- Funding while held
- −$1.5
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$25.58
- Spread needed to break even
- 0.080%
Slippage unknown: Polymarket Perps: live order book, 48 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
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, 48 min ago | 1.17 bp | 6.5 bp −$7 | 8.3 bp −$83 | 10.3 bp −$1,033 | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 2.46 bp | doesn't fit | 9.9 bp −$99 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Injective728.14cheapest
InjectiveVariational Omni728.24+0.013%
edgeX728.32+0.025%ApeX Omni728.46+0.044%Phoenix728.68+0.074%HTX729.04+0.124%Popdex729.14+0.137%Aftermath Perps729.17+0.142%SoDEX729.18+0.143%SunX729.19+0.144%Nado729.20+0.145%Hotstuff729.20+0.146%Deribit729.28+0.157%QFEX729.29+0.158%Aevo729.30+0.160%Gate729.37+0.169%Orderly729.37+0.169%Phemex729.37+0.169%
ApeX Omni
Phoenix
HTX
Popdex
SoDEX
SunX
Nado
Hotstuff
Deribit
QFEX
Aevo
Gate
Orderly
PhemexPolymarket Perps729.41+0.174%
BloFin729.41+0.174%Arcus729.44+0.179%Ondo Perps729.58+0.198%Coinbase International729.59+0.199%Vest729.73+0.218%Extended729.79+0.226%Aster729.85+0.235%OKX729.92+0.244%Paradex729.97+0.251%Bitget730.00+0.255%Binance730.04+0.261%Bybit730.09+0.268%tradeXYZ730.15+0.276%KuCoin730.15+0.276%Lighter730.28+0.294%Lighter RH730.36+0.305%
BloFin
Arcus
Ondo Perps
Coinbase International
Vest
Extended
Aster
OKX
Paradex
Bitget
Binance
Bybit
tradeXYZ
KuCoin
Lighter
Lighter RHMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective META/USDC PERP | −0.174% | +0.0220% | 1h | $166K | $101K | 30x | as long as short |
| Variational Omni METAshort | −0.161% | 0.0000% | 8h | $1.4M | $2.1M | — | |
| edgeX METAUSDC | −0.149% | +0.0186% | 4h | $61K | $327K | 10x | as long as short |
| ApeX Omni METAUSDT | −0.130% | +0.0100% | 1h | $134K | $56K | 50x | as long as short |
| Phoenix META | −0.100% | +0.0055% | 1h | $240K | $361K | 20x | as long as short |
| HTX META-USDT | −0.051% | 0.0000% | 8h | $103K | $270K | 30x | as long as short |
| Popdex METAUSDT | −0.037% | +0.0048% | 1h | $177K | $167K | 20x | as long as short |
| Aftermath Perps METAUSD | −0.032% | +0.0274% | 1h | $43K | $47K | 10x | as long as short |
| SoDEX META-USD | −0.032% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| SunX META-USDT | −0.030% | 0.0000% | 8h | $864 | $9.3M | 20x | as long as short |