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Price arb /

META

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After costs, if the gap returns to its 7d average, $10k−$56
spread now−0.226%7d average−0.013%fees + slippage, in and out−$35spread needed0.349%
Long on QFEXShort on edgeX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX META-USD743.670.0026pay 0.0003% / 1h46m 16s$2.0M$10.9M10x
ShortedgeX METAUSDC741.990.0262get 0.0131% / 4h1h 46m$62K$328K10x

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
−$22.56
Funding while held
$7.07
Slippage, 4 orders
−$15.93
Fee QFEX: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$50.42
Spread needed to break even
0.349%
Slippage from QFEX: live order book, 4 min ago; edgeX: live order book, 53 min ago.

Cost of waiting

funding view
Funding /8h
+0.0236%
Per $10,000 a day
+$7.07
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, 4 min ago2.36 bp7.4 bp −$78.7 bp −$8717.3 bp −$1,732doesn't fit
Sell edgeX live order book, 53 min ago5.51 bp10.1 bp −$1011.7 bp −$117doesn't fitdoesn't fit

META price on every exchange

against the cheapest. Click to use as the short leg.
Phoenix741.90cheapestApeX Omni741.95+0.007%
edgeX741.99+0.012%
Variational Omni742.08+0.025%Injective742.33+0.058%Phemex743.02+0.151%Gate743.11+0.163%HTX743.13+0.166%Nado743.26+0.184%BloFin743.28+0.186%Aftermath Perps743.32+0.192%KuCoin743.40+0.202%Coinbase International743.45+0.209%Hotstuff743.46+0.210%Ondo Perps743.55+0.222%Arcus743.55+0.222%Aster743.64+0.234%tradeXYZ743.64+0.235%OKX743.67+0.239%
QFEX743.67+0.239%
Aevo743.73+0.247%Paradex743.73+0.247%Bitget743.75+0.249%Extended743.77+0.251%Binance743.78+0.254%Popdex743.79+0.255%SoDEX743.84+0.261%Deribit743.84+0.261%Bybit743.85+0.263%Lighter RH743.92+0.272%Orderly743.92+0.272%SunX743.92+0.272%Polymarket Perps743.96+0.278%Lighter744.00+0.283%Vest744.16+0.305%

META on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix META−0.238%0.0000%1h$274K$618K20xas long as short
ApeX Omni METAUSDT−0.231%+0.0100%1h$166K$72K50xas long as short
edgeX METAUSDCshort−0.226%+0.0262%4h$62K$328K10x
Variational Omni META−0.213%0.0000%8h$1.5M$2.2M—as long as short
Injective META/USDC PERP−0.180%+0.0220%1h$169K$76K30xas long as short
Phemex METAUSDT−0.087%0.0000%4h$2.0M$6K10xas long as short
Gate META_USDT−0.075%0.0000%8h$328K$4.5M100xas long as short
HTX META-USDT−0.073%0.0000%8h$105K$279K30xas long as short
Nado META-PERP−0.055%−0.0021%1h$393K$173K20xas long as short
BloFin META-USDT−0.052%−0.0005%8h$332K$959K20xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aftermath Perps METAUSD−0.047%+0.0297%1h$44K$46K10xas long as short
KuCoin METAUSDTM−0.036%+0.0100%8h$1.6M$274K20xas long as short
Coinbase International META-PERP-INTX−0.030%+0.0048%1h$638K$6.4M10xas long as short
Hotstuff META-PERP−0.028%−0.0112%1h$33K$10520xas long as short
Ondo Perps META-USD.P−0.016%+0.0050%1h$734K$3.3M10xas long as short
Arcus META-USD−0.016%+0.0478%1h$270K$302K10xas long as short
Aster METAUSDT−0.004%0.0000%8h$390K$265K20xas long as short
tradeXYZ xyz:META−0.004%+0.0050%1h$71.4M$73.5M20xas long as short
OKX META-USDT-SWAP0.000%0.0000%8h$5.9M$11.2M20xas long as short
QFEX META-USDlong0.000%+0.0026%1h$2.0M$10.9M10x
Aevo META-PERP+0.008%+0.0104%1h$268—10xas long as short
Paradex META-USD-PERP+0.009%+0.0051%8h——5xas long as short
Bitget METAUSDT+0.011%0.0000%8h$5.7M$9.1M100xas long as short
Extended META_24_5-USD+0.013%0.0000%1h$550K$1.4M17xas long as short
Binance METAUSDT+0.015%0.0000%8h$26.9M$142.5M20xas long as short
Popdex METAUSDT+0.016%+0.0048%1h$172K$185K20xas long as short
SoDEX META-USD+0.023%+0.0050%1h$25K$3K10xas long as short
Deribit META_USDC-PERPETUAL+0.023%0.0000%1h$28K$266K10xas long as short
Bybit METAUSDT+0.024%0.0000%8h$7.9M$10.7M100xas long as short
Lighter RH META+0.034%+0.0032%1h$704K$2.8M20xas long as short
Orderly PERP_META_USDC_mythos+0.034%+0.0100%8h$1K—10xas long as short
SunX META-USDT+0.034%0.0000%8h$752$9.4M20xas long as short
Polymarket Perps META-USD+0.039%+0.0050%1h$673K$520K10xas long as short
Lighter META+0.044%+0.0032%1h$855K$2.4M20xas long as short
Vest META-USD-PERP+0.066%+0.0046%1h—$9K25xas long as short