After costs, if the gap returns to its 7d average, $10k−$40
spread now−0.060%7d average−0.012%fees + slippage, in and out−$35spread needed0.352%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex METAUSDT | 711.24 | 0.0048 | pay 0.0006% / 1h | 37m 11s | $166K | $155K | 20x |
| Short | Bybit METAUSDT | 710.81 | 0 | get 0.0000% / 8h | 37m 11s | $6.8M | $7.2M | 100x |
Popdex METAUSDT
Bybit 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
- −$6.05
- Funding while held
- −$1.44
- Slippage, 4 orders
- −$17.77
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$42.66
- Spread needed to break even
- 0.352%
Slippage from Popdex: live order book, 13 min ago; Bybit: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0048%
- Per $10,000 a day
- −$1.44
- 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, 13 min ago | 1.20 bp | 5.8 bp −$6 | 19.4 bp −$194 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.61 bp | 11.9 bp −$12 | 25.1 bp −$251 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.KuCoin710.61cheapestGate710.66+0.007%
KuCoin
GateBybit710.81+0.028%
Deribit710.86+0.035%tradeXYZ710.93+0.045%SoDEX710.95+0.048%BloFin711.01+0.056%Aevo711.03+0.059%Binance711.03+0.059%Extended711.07+0.065%Lighter RH711.09+0.068%HTX711.09+0.068%OKX711.13+0.073%Orderly711.13+0.073%Arcus711.14+0.075%Bitget711.14+0.075%Nado711.16+0.077%Lighter711.20+0.083%Ondo Perps711.21+0.084%SunX711.23+0.087%Paradex711.23+0.087%QFEX711.24+0.089%
Deribit
tradeXYZ
SoDEX
BloFin
Aevo
Binance
Extended
Lighter RH
HTX
OKX
Orderly
Arcus
Bitget
Nado
Lighter
Ondo Perps
SunX
Paradex
QFEXPopdex711.24+0.089%
Polymarket Perps711.26+0.091%Hotstuff711.34+0.103%Aster711.35+0.104%Aftermath Perps711.47+0.121%Vest711.59+0.138%Coinbase International711.74+0.159%Phemex711.76+0.162%Variational Omni711.84+0.173%Injective712.37+0.248%edgeX712.71+0.296%ApeX Omni712.87+0.318%Phoenix713.38+0.390%
Polymarket Perps
Hotstuff
Aster
Vest
Coinbase International
Phemex
Variational Omni
Injective
ApeX Omni
PhoenixMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin METAUSDTM | −0.089% | +0.0100% | 8h | $1.5M | $138K | 20x | as long as short |
| Gate META_USDT | −0.082% | 0.0000% | 8h | $384K | $3.2M | 100x | as long as short |
| Bybit METAUSDTshort | −0.060% | 0.0000% | 8h | $6.8M | $7.2M | 100x | |
| Deribit META_USDC-PERPETUAL | −0.053% | −0.0059% | 1h | $29K | $253K | 10x | as long as short |
| tradeXYZ xyz:META | −0.044% | +0.0050% | 1h | $61.6M | $46.4M | 20x | as long as short |
| SoDEX META-USD | −0.041% | +0.0050% | 1h | $23K | $3K | 10x | as long as short |
| BloFin META-USDT | −0.032% | −0.0120% | 8h | $338K | $466K | 20x | as long as short |
| Aevo META-PERP | −0.030% | +0.0104% | 1h | $256 | — | 10x | as long as short |
| Binance METAUSDT | −0.029% | 0.0000% | 8h | $25.6M | $92.4M | 20x | as long as short |
| Extended META_24_5-USD | −0.024% | 0.0000% | 1h | $515K | $1.3M | 17x | as long as short |