After costs, if the gap returns to its 7d average, $10k−$104
spread now−0.008%7d average+0.027%fees + slippage, in and out−$100spread needed1.001%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex METAUSDT | 727.26 | 0.0048 | pay 0.0006% / 1h | 37m 11s | $174K | $161K | 20x |
| Short | Phemex METAUSDT | 727.20 | −0.0115 | pay 0.0057% / 4h | 3h 37m | $1.9M | $5K | 10x |
Popdex METAUSDT
Phemex 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
- −$0.83
- Funding while held
- −$4.88
- Slippage, 4 orders
- −$81.66
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$105.76
- Spread needed to break even
- 1.001%
Slippage from Popdex: live order book, 8 min ago; Phemex: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0163%
- Per $10,000 a day
- −$4.88
- 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, 8 min ago | 0.97 bp | 4.7 bp −$5 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.27 bp | 42.2 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.edgeX725.88cheapestVariational Omni726.15+0.038%Aftermath Perps726.34+0.064%ApeX Omni726.39+0.071%Ondo Perps726.43+0.076%Phoenix726.51+0.087%Coinbase International727.07+0.164%KuCoin727.12+0.171%Gate727.14+0.174%
Variational Omni
ApeX Omni
Ondo Perps
Phoenix
Coinbase International
KuCoin
GatePhemex727.20+0.182%
Popdex727.26+0.191%
Paradex727.43+0.215%Nado727.47+0.219%OKX727.48+0.221%Hotstuff727.48+0.221%Vest727.51+0.225%Aster727.59+0.236%tradeXYZ727.60+0.237%Bitget727.65+0.244%Arcus727.66+0.246%Orderly727.66+0.246%Aevo727.66+0.246%QFEX727.70+0.251%Polymarket Perps727.70+0.251%Bybit727.84+0.270%Binance727.90+0.278%Extended727.97+0.288%Injective727.99+0.291%Lighter728.09+0.305%HTX728.18+0.317%BloFin728.42+0.350%Deribit728.47+0.357%Lighter RH728.48+0.359%SoDEX728.48+0.359%SunX728.78+0.400%
Paradex
Nado
OKX
Hotstuff
Vest
Aster
tradeXYZ
Bitget
Arcus
Orderly
Aevo
QFEX
Polymarket Perps
Bybit
Binance
Extended
Injective
Lighter
HTX
BloFin
Deribit
Lighter RH
SoDEX
SunXMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX METAUSDC | −0.190% | +0.0604% | 4h | $61K | $324K | 10x | as long as short |
| Variational Omni META | −0.152% | 0.0000% | 8h | $1.4M | $2.1M | — | as long as short |
| Aftermath Perps METAUSD | −0.126% | +0.0244% | 1h | $44K | $47K | 10x | as long as short |
| ApeX Omni METAUSDT | −0.120% | +0.0100% | 1h | $133K | $56K | 50x | as long as short |
| Ondo Perps META-USD.P | −0.114% | +0.0050% | 1h | $846K | $2.8M | 10x | as long as short |
| Phoenix META | −0.103% | +0.0100% | 1h | $283K | $361K | 20x | as long as short |
| Coinbase International META-PERP-INTX | −0.026% | +0.0040% | 1h | $700K | $5.6M | 10x | as long as short |
| KuCoin METAUSDTM | −0.019% | +0.0100% | 8h | $1.5M | $186K | 20x | as long as short |
| Gate META_USDT | −0.017% | 0.0000% | 8h | $373K | $3.6M | 100x | as long as short |
| Phemex METAUSDTshort | −0.008% | −0.0115% | 4h | $1.9M | $5K | 10x |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Popdex METAUSDTlong | 0.000% | +0.0048% | 1h | $174K | $161K | 20x | |
| Paradex META-USD-PERP | +0.024% | +0.0051% | 8h | — | — | 5x | as long as short |
| Nado META-PERP | +0.029% | +0.0024% | 1h | $394K | $121K | 20x | as long as short |
| OKX META-USDT-SWAP | +0.030% | 0.0000% | 8h | $5.9M | $9.4M | 20x | as long as short |
| Hotstuff META-PERP | +0.030% | −0.0056% | 1h | $33K | $105 | 20x | as long as short |
| Vest META-USD-PERP | +0.034% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| Aster METAUSDT | +0.045% | 0.0000% | 8h | $447K | $95K | 20x | as long as short |
| tradeXYZ xyz:META | +0.047% | +0.0050% | 1h | $66.1M | $51.0M | 20x | as long as short |
| Bitget METAUSDT | +0.054% | 0.0000% | 8h | $5.2M | $7.2M | 100x | as long as short |
| Arcus META-USD | +0.055% | +0.0040% | 1h | $280K | $278K | 10x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.055% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Aevo META-PERP | +0.056% | +0.0104% | 1h | $262 | — | 10x | as long as short |
| QFEX META-USD | +0.061% | +0.0016% | 1h | $1.8M | $7.5M | 10x | as long as short |
| Polymarket Perps META-USD | +0.061% | +0.0050% | 1h | $665K | $474K | 10x | as long as short |
| Bybit METAUSDT | +0.080% | 0.0000% | 8h | $7.6M | $8.7M | 100x | as long as short |
| Binance METAUSDT | +0.088% | 0.0000% | 8h | $25.5M | $108.9M | 20x | as long as short |
| Extended META_24_5-USD | +0.097% | 0.0000% | 1h | $522K | $1.4M | 17x | as long as short |
| Injective META/USDC PERP | +0.100% | +0.0220% | 1h | $166K | $135K | 30x | as long as short |
| Lighter META | +0.114% | +0.0032% | 1h | $700K | $2.2M | 20x | as long as short |
| HTX META-USDT | +0.127% | 0.0000% | 8h | $103K | $269K | 30x | as long as short |
| BloFin META-USDT | +0.160% | −0.0120% | 8h | $326K | $572K | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.166% | +0.0217% | 1h | $28K | $262K | 10x | as long as short |
| Lighter RH META | +0.168% | +0.0032% | 1h | $654K | $2.6M | 20x | as long as short |
| SoDEX META-USD | +0.168% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| SunX META-USDT | +0.209% | 0.0000% | 8h | $788 | $9.2M | 20x | as long as short |