Spread before costs (cost unknown: a leg has no order-book sample)+0.025%
7d average—if it closes, per $10,000$2funding while held, a day+$0.61
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX META-USD | 729.93 | 0.0020 | pay 0.0002% / 1h | 55m 53s | $1.8M | $8.4M | 10x |
| Short | Hotstuff META-PERP | 730.11 | 0.0040 | get 0.0005% / 1h | 55m 53s | $33K | $105 | 20x |
QFEX META-USD
Hotstuff META-PERPPrice 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
- $2.47
- Funding while held
- $0.61
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$11.93
- Spread needed to break even
- 0.150%
Slippage unknown: QFEX: live order book, 5 min ago; Hotstuff: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0020%
- Per $10,000 a day
- +$0.61
- 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 QFEX live order book, 5 min ago | 1.17 bp | 6.2 bp −$6 | 6.3 bp −$63 | 16.3 bp −$1,634 | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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.Injective728.14cheapestVariational Omni728.24+0.013%edgeX728.32+0.025%ApeX Omni728.46+0.044%Phoenix728.68+0.074%Aftermath Perps729.40+0.173%BloFin729.41+0.174%Ondo Perps729.58+0.198%Phemex729.75+0.221%Popdex729.85+0.235%HTX729.88+0.239%Nado729.92+0.244%
Injective
Variational Omni
ApeX Omni
Phoenix
BloFin
Ondo Perps
Phemex
Popdex
HTX
NadoQFEX729.93+0.246%
Paradex729.97+0.251%Polymarket Perps729.98+0.253%Aevo730.04+0.262%Arcus730.06+0.264%Deribit730.08+0.266%SoDEX730.10+0.269%
Paradex
Polymarket Perps
Aevo
Arcus
Deribit
SoDEXHotstuff730.11+0.271%
Coinbase International730.14+0.275%Gate730.16+0.277%SunX730.16+0.277%Orderly730.19+0.282%KuCoin730.22+0.286%Vest730.25+0.290%Aster730.37+0.306%Extended730.58+0.335%Lighter RH730.61+0.339%Bybit730.85+0.372%Bitget730.93+0.383%Binance730.94+0.384%tradeXYZ730.98+0.390%OKX731.14+0.412%Lighter731.48+0.459%
Coinbase International
Gate
SunX
Orderly
KuCoin
Vest
Aster
Extended
Lighter RH
Bybit
Bitget
Binance
tradeXYZ
OKX
LighterMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective META/USDC PERP | −0.245% | +0.0220% | 1h | $166K | $101K | 30x | as long as short |
| Variational Omni META | −0.232% | 0.0000% | 8h | $1.4M | $2.1M | — | as long as short |
| edgeX METAUSDC | −0.220% | +0.0186% | 4h | $61K | $327K | 10x | as long as short |
| ApeX Omni METAUSDT | −0.201% | +0.0100% | 1h | $134K | $56K | 50x | as long as short |
| Phoenix META | −0.171% | +0.0055% | 1h | $240K | $361K | 20x | as long as short |
| Aftermath Perps METAUSD | −0.073% | +0.0271% | 1h | $43K | $47K | 10x | as long as short |
| BloFin META-USDT | −0.071% | −0.0120% | 8h | $325K | $625K | 20x | as long as short |
| Ondo Perps META-USD.P | −0.048% | +0.0050% | 1h | $756K | $3.0M | 10x | as long as short |
| Phemex METAUSDT | −0.025% | 0.0000% | 4h | $1.9M | $5K | 10x | as long as short |
| Popdex METAUSDT | −0.011% | +0.0048% | 1h | $177K | $167K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX META-USDT | −0.007% | 0.0000% | 8h | $103K | $270K | 30x | as long as short |
| Nado META-PERP | −0.002% | −0.0036% | 1h | $386K | $164K | 20x | as long as short |
| QFEX META-USDlong | 0.000% | +0.0020% | 1h | $1.8M | $8.4M | 10x | |
| Paradex META-USD-PERP | +0.005% | +0.0051% | 8h | — | — | 5x | as long as short |
| Polymarket Perps META-USD | +0.007% | +0.0050% | 1h | $663K | $481K | 10x | as long as short |
| Aevo META-PERP | +0.016% | +0.0104% | 1h | $263 | — | 10x | as long as short |
| Arcus META-USD | +0.018% | +0.0325% | 1h | $272K | $292K | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.021% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| SoDEX META-USD | +0.023% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Hotstuff META-PERPshort | +0.025% | +0.0040% | 1h | $33K | $105 | 20x | |
| Coinbase International META-PERP-INTX | +0.029% | +0.0048% | 1h | $632K | $5.9M | 10x | as long as short |
| Gate META_USDT | +0.032% | 0.0000% | 8h | $353K | $3.9M | 100x | as long as short |
| SunX META-USDT | +0.032% | 0.0000% | 8h | $1K | $9.3M | 20x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.036% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| KuCoin METAUSDTM | +0.040% | +0.0100% | 8h | $1.5M | $190K | 20x | as long as short |
| Vest META-USD-PERP | +0.044% | +0.0046% | 1h | — | $8K | 25x | as long as short |
| Aster METAUSDT | +0.060% | 0.0000% | 8h | $449K | $120K | 20x | as long as short |
| Extended META_24_5-USD | +0.089% | 0.0000% | 1h | $539K | $1.4M | 17x | as long as short |
| Lighter RH META | +0.093% | +0.0032% | 1h | $683K | $2.6M | 20x | as long as short |
| Bybit METAUSDT | +0.126% | 0.0000% | 8h | $7.5M | $9.1M | 100x | as long as short |
| Bitget METAUSDT | +0.137% | 0.0000% | 8h | $5.2M | $7.8M | 100x | as long as short |
| Binance METAUSDT | +0.138% | 0.0000% | 8h | $25.2M | $118.4M | 20x | as long as short |
| tradeXYZ xyz:META | +0.144% | +0.0050% | 1h | $66.3M | $53.8M | 20x | as long as short |
| OKX META-USDT-SWAP | +0.166% | 0.0000% | 8h | $5.9M | $9.9M | 20x | as long as short |
| Lighter META | +0.212% | +0.0032% | 1h | $843K | $2.4M | 20x | as long as short |