Spread before costs (cost unknown: a leg has no order-book sample)+0.034%
7d average—if it closes, per $10,000$3funding while held, a day+$0.06
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex METAUSDT | 728.92 | 0.0048 | pay 0.0006% / 1h | 12m 12s | $176K | $165K | 20x |
| Short | SoDEX META-USD | 729.17 | 0.0050 | get 0.0006% / 1h | 12m 12s | $24K | $3K | 10x |
Popdex METAUSDT
SoDEX META-USDPrice 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
- $3.43
- Funding while held
- $0.06
- Slippage, 4 orders
- no order book: not counted
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$10.91
- Spread needed to break even
- 0.144%
Slippage unknown: Popdex: live order book, 33 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0002%
- Per $10,000 a day
- +$0.06
- 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, 33 min ago | 0.97 bp | 4.7 bp −$5 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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.ApeX Omni727.88cheapestedgeX728.04+0.023%Ondo Perps728.29+0.056%Variational Omni728.52+0.087%Phoenix728.56+0.093%Nado728.58+0.096%KuCoin728.63+0.103%Hotstuff728.75+0.120%Gate728.75+0.120%Coinbase International728.84+0.132%QFEX728.86+0.135%Paradex728.89+0.139%BloFin728.91+0.142%
ApeX Omni
Ondo Perps
Variational Omni
Phoenix
Nado
KuCoin
Hotstuff
Gate
Coinbase International
QFEX
Paradex
BloFinPopdex728.92+0.143%
Aftermath Perps729.01+0.155%Phemex729.14+0.173%Arcus729.16+0.176%Bitget729.16+0.176%
Phemex
Arcus
BitgetSoDEX729.17+0.177%
HTX729.18+0.179%Deribit729.19+0.180%tradeXYZ729.20+0.181%Polymarket Perps729.20+0.181%Aster729.25+0.188%Aevo729.25+0.188%Binance729.26+0.190%Bybit729.31+0.196%Extended729.38+0.205%Lighter RH729.41+0.210%Lighter729.43+0.213%SunX729.46+0.217%Orderly729.47+0.218%OKX729.48+0.220%Vest729.58+0.234%Injective730.12+0.308%
HTX
Deribit
tradeXYZ
Polymarket Perps
Aster
Aevo
Binance
Bybit
Extended
Lighter RH
Lighter
SunX
Orderly
OKX
Vest
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni METAUSDT | −0.143% | +0.0100% | 1h | $134K | $56K | 50x | as long as short |
| edgeX METAUSDC | −0.120% | +0.0806% | 4h | $61K | $326K | 10x | as long as short |
| Ondo Perps META-USD.P | −0.086% | +0.0050% | 1h | $848K | $2.8M | 10x | as long as short |
| Variational Omni META | −0.056% | 0.0000% | 8h | $1.4M | $2.1M | — | as long as short |
| Phoenix META | −0.049% | +0.0100% | 1h | $248K | $361K | 20x | as long as short |
| Nado META-PERP | −0.047% | +0.0037% | 1h | $394K | $122K | 20x | as long as short |
| KuCoin METAUSDTM | −0.040% | +0.0100% | 8h | $1.5M | $181K | 20x | as long as short |
| Hotstuff META-PERP | −0.023% | +0.0008% | 1h | $33K | $105 | 20x | as long as short |
| Gate META_USDT | −0.023% | 0.0000% | 8h | $362K | $3.8M | 100x | as long as short |
| Coinbase International META-PERP-INTX | −0.011% | +0.0040% | 1h | $677K | $5.7M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| QFEX META-USD | −0.008% | +0.0016% | 1h | $1.8M | $8.0M | 10x | as long as short |
| Paradex META-USD-PERP | −0.004% | +0.0051% | 8h | — | — | 5x | as long as short |
| BloFin META-USDT | −0.001% | −0.0120% | 8h | $326K | $612K | 20x | as long as short |
| Popdex METAUSDTlong | 0.000% | +0.0048% | 1h | $176K | $165K | 20x | |
| Aftermath Perps METAUSD | +0.012% | +0.0275% | 1h | $43K | $47K | 10x | as long as short |
| Phemex METAUSDT | +0.030% | 0.0000% | 4h | $1.9M | $5K | 10x | as long as short |
| Arcus META-USD | +0.033% | +0.0040% | 1h | $271K | $292K | 10x | as long as short |
| Bitget METAUSDT | +0.033% | 0.0000% | 8h | $5.2M | $7.5M | 100x | as long as short |
| SoDEX META-USDshort | +0.034% | +0.0050% | 1h | $24K | $3K | 10x | |
| HTX META-USDT | +0.036% | 0.0000% | 8h | $103K | $270K | 30x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.037% | 0.0000% | 1h | $28K | $265K | 10x | as long as short |
| tradeXYZ xyz:META | +0.038% | +0.0050% | 1h | $66.3M | $52.8M | 20x | as long as short |
| Polymarket Perps META-USD | +0.038% | +0.0050% | 1h | $663K | $480K | 10x | as long as short |
| Aster METAUSDT | +0.045% | 0.0000% | 8h | $449K | $113K | 20x | as long as short |
| Aevo META-PERP | +0.046% | +0.0104% | 1h | $263 | — | 10x | as long as short |
| Binance METAUSDT | +0.047% | 0.0000% | 8h | $25.4M | $115.1M | 20x | as long as short |
| Bybit METAUSDT | +0.054% | 0.0000% | 8h | $7.5M | $9.0M | 100x | as long as short |
| Extended META_24_5-USD | +0.063% | 0.0000% | 1h | $539K | $1.4M | 17x | as long as short |
| Lighter RH META | +0.067% | +0.0032% | 1h | $661K | $2.6M | 20x | as long as short |
| Lighter META | +0.070% | +0.0032% | 1h | $701K | $2.2M | 20x | as long as short |
| SunX META-USDT | +0.074% | 0.0000% | 8h | $957 | $9.2M | 20x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.075% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| OKX META-USDT-SWAP | +0.077% | 0.0000% | 8h | $5.9M | $9.6M | 20x | as long as short |
| Vest META-USD-PERP | +0.091% | +0.0046% | 1h | — | $8K | 25x | as long as short |
| Injective META/USDC PERP | +0.165% | +0.0220% | 1h | $166K | $135K | 30x | as long as short |