data as of
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Price arb /

META

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$37
spread now−0.020%7d average+0.008%fees + slippage, in and out−$34spread needed0.340%
Long on QFEXShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX META-USD746.650.0026pay 0.0003% / 1h9m 37s$2.2M$12.2M10x
ShortBybit METAUSDT746.500get 0.0000% / 8h5h 09m$8.2M$11.6M100x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$2.01
Funding while held
−$0.78
Slippage, 4 orders
−$13.04
Fee QFEX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$36.83
Spread needed to break even
0.340%
Slippage from QFEX: live order book, 6 min ago; Bybit: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0026%
Per $10,000 a day
−$0.78
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 6 min ago2.21 bp7.2 bp −$78.4 bp −$8417.9 bp −$1,791doesn't fit
Sell Bybit live order book, 5 min ago1.41 bp10.1 bp −$1021.2 bp −$212135.4 bp −$13.5Kdoesn't fit

META price on every exchange

against the cheapest. Click to use as the short leg.
Gate745.87cheapesttradeXYZ746.03+0.021%Paradex746.23+0.048%Ondo Perps746.24+0.050%KuCoin746.33+0.062%Injective746.38+0.068%Bitget746.44+0.076%Extended746.44+0.076%Lighter RH746.47+0.080%
Bybit746.50+0.084%
OKX746.52+0.087%Binance746.55+0.091%Arcus746.57+0.094%
QFEX746.65+0.105%
Aster746.66+0.105%Lighter746.68+0.109%HTX746.74+0.117%Phoenix746.78+0.122%Popdex746.81+0.126%Hotstuff746.89+0.137%ApeX Omni746.93+0.142%SoDEX746.93+0.142%Aevo746.99+0.150%Phemex746.99+0.150%Nado747.00+0.151%Deribit747.00+0.152%Coinbase International747.07+0.161%Polymarket Perps747.12+0.168%Variational Omni747.17+0.174%Orderly747.18+0.176%SunX747.26+0.186%edgeX747.29+0.190%BloFin747.40+0.205%Vest747.67+0.241%Aftermath Perps747.68+0.242%

META on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate META_USDT−0.104%0.0000%8h$360K$4.8M100xas long as short
tradeXYZ xyz:META−0.083%+0.0050%1h$77.4M$91.8M20xas long as short
Paradex META-USD-PERP−0.057%+0.0050%8h——5xas long as short
Ondo Perps META-USD.P−0.055%+0.0050%1h$715K$3.6M10xas long as short
KuCoin METAUSDTM−0.043%+0.0100%8h$1.6M$287K20xas long as short
Injective META/USDC PERP−0.036%+0.0220%1h$170K$76K30xas long as short
Bitget METAUSDT−0.028%0.0000%8h$5.8M$9.4M100xas long as short
Extended META_24_5-USD−0.028%0.0000%1h$554K$1.4M17xas long as short
Lighter RH META−0.024%+0.0032%1h$739K$3.0M20xas long as short
Bybit METAUSDTshort−0.020%0.0000%8h$8.2M$11.6M100x
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX META-USDT-SWAP−0.017%0.0000%8h$6.1M$12.2M20xas long as short
Binance METAUSDT−0.013%0.0000%8h$27.8M$153.2M20xas long as short
Arcus META-USD−0.011%+0.0478%1h$267K$308K10xas long as short
QFEX META-USDlong0.000%+0.0026%1h$2.2M$12.2M10x
Aster METAUSDT+0.001%0.0000%8h$459K$432K20xas long as short
Lighter META+0.004%+0.0056%1h$861K$2.5M20xas long as short
HTX META-USDT+0.012%0.0000%8h$106K$280K30xas long as short
Phoenix META+0.017%0.0000%1h$276K$618K20xas long as short
Popdex METAUSDT+0.021%+0.0048%1h$176K$192K20xas long as short
Hotstuff META-PERP+0.032%+0.0176%1h$33K$10520xas long as short
ApeX Omni METAUSDT+0.038%+0.0100%1h$167K$71K50xas long as short
SoDEX META-USD+0.038%+0.0050%1h$25K$3K10xas long as short
Aevo META-PERP+0.045%+0.0104%1h$269—10xas long as short
Phemex METAUSDT+0.046%0.0000%4h$2.0M$6K10xas long as short
Nado META-PERP+0.047%−0.0020%1h$395K$215K20xas long as short
Deribit META_USDC-PERPETUAL+0.047%0.0000%1h$28K$266K10xas long as short
Coinbase International META-PERP-INTX+0.056%+0.0048%1h$654K$6.5M10xas long as short
Polymarket Perps META-USD+0.063%+0.0050%1h$545K$835K10xas long as short
Variational Omni META+0.070%0.0000%8h$1.6M$2.2M—as long as short
Orderly PERP_META_USDC_mythos+0.071%+0.0100%8h$1K$2410xas long as short
SunX META-USDT+0.082%0.0000%8h$752$9.4M20xas long as short
edgeX METAUSDC+0.086%+0.0304%4h$63K$327K10xas long as short
BloFin META-USDT+0.100%−0.0120%8h$337K$1.0M20xas long as short
Vest META-USD-PERP+0.137%+0.0046%1h—$9K25xas long as short
Aftermath Perps METAUSD+0.137%+0.0294%1h$44K$46K10xas long as short