Spread before costs (cost unknown: a leg has no order-book sample)−0.174%
7d average—if it closes, per $10,000$17funding while held, a day+$6.58
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex METAUSDT | 732.84 | 0.0048 | pay 0.0006% / 1h | 51m 01s | $178K | $167K | 20x |
| Short | Aftermath Perps METAUSD | 731.56 | 0.0267 | get 0.0033% / 1h | 51m 01s | $43K | $47K | 10x |
Popdex 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
- −$17.4
- Funding while held
- $6.58
- Slippage, 4 orders
- no order book: not counted
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Net
- −$26.22
- Spread needed to break even
- 0.154%
Slippage unknown: Popdex: live order book, 54 min ago; Aftermath Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0219%
- Per $10,000 a day
- +$6.58
- 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 Popdex live order book, 54 min ago | 0.97 bp | 4.7 bp −$5 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell Aftermath Perps no order-book sample | — | — | — | — | — |
Aftermath Perps: 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.Variational Omni729.74cheapestPhoenix730.45+0.097%Gate731.95+0.302%SoDEX732.27+0.346%edgeX732.33+0.354%Deribit732.34+0.356%Lighter RH732.42+0.367%Lighter732.48+0.375%KuCoin732.49+0.376%BloFin732.52+0.381%tradeXYZ732.55+0.385%Paradex732.59+0.390%Ondo Perps732.65+0.398%Nado732.67+0.401%Aevo732.69+0.404%ApeX Omni732.71+0.407%Aster732.73+0.409%QFEX732.77+0.415%Injective732.81+0.420%Arcus732.82+0.422%Orderly732.82+0.422%Coinbase International732.82+0.422%
Variational Omni
Phoenix
Gate
SoDEX
Deribit
Lighter RH
Lighter
KuCoin
BloFin
tradeXYZ
Paradex
Ondo Perps
Nado
Aevo
ApeX Omni
Aster
QFEX
Injective
Arcus
Orderly
Coinbase InternationalPopdex732.84+0.424%
HTX732.84+0.424%Polymarket Perps732.92+0.435%SunX733.04+0.452%Binance733.12+0.462%Phemex733.13+0.464%Bybit733.22+0.476%Hotstuff733.25+0.481%Vest733.32+0.490%Bitget733.79+0.555%Extended733.79+0.555%OKX734.08+0.594%
HTX
Polymarket Perps
SunX
Binance
Phemex
Bybit
Hotstuff
Vest
Bitget
Extended
OKXMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni META | −0.423% | 0.0000% | 8h | $1.4M | $2.1M | — | as long as short |
| Phoenix META | −0.326% | +0.0055% | 1h | $250K | $513K | 20x | as long as short |
| Aftermath Perps METAUSDshort | −0.174% | +0.0267% | 1h | $43K | $47K | 10x | |
| Gate META_USDT | −0.121% | 0.0000% | 8h | $344K | $3.9M | 100x | as long as short |
| SoDEX META-USD | −0.078% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| edgeX METAUSDC | −0.070% | +0.0647% | 4h | $61K | $326K | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.068% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Lighter RH META | −0.057% | +0.0032% | 1h | $700K | $2.6M | 20x | as long as short |
| Lighter META | −0.049% | +0.0032% | 1h | $844K | $2.4M | 20x | as long as short |
| KuCoin METAUSDTM | −0.048% | +0.0100% | 8h | $1.5M | $197K | 20x | as long as short |