Spread before costs (cost unknown: a leg has no order-book sample)−0.028%
7d average−0.052%if it closes, per $10,000$3funding while held, a day+$0.53
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX META-USD | 711.38 | 0.0033 | pay 0.0004% / 1h | 23m 22s | $1.8M | $5.3M | 10x |
| Short | Ondo Perps META-USD.P | 711.18 | 0.0050 | get 0.0006% / 1h | 23m 22s | $917K | $2.3M | 10x |
QFEX META-USD
Ondo Perps META-USD.PPrice 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
- −$2.81
- Funding while held
- $0.53
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$17.28
- Spread needed to break even
- 0.150%
Slippage unknown: QFEX: live order book, 7 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0018%
- Per $10,000 a day
- +$0.53
- 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, 7 min ago | 1.54 bp | 6.5 bp −$7 | 7.2 bp −$72 | 17.7 bp −$1,775 | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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.Ondo Perps711.18cheapest
Hotstuff711.29+0.015%Arcus711.36+0.025%
Hotstuff
ArcusQFEX711.38+0.028%
Extended711.38+0.028%Paradex711.40+0.030%KuCoin711.40+0.031%OKX711.46+0.039%tradeXYZ711.48+0.042%Gate711.51+0.046%Bybit711.53+0.049%Nado711.56+0.053%Lighter RH711.60+0.059%Bitget711.62+0.062%Popdex711.63+0.063%ApeX Omni711.64+0.065%Deribit711.67+0.069%Polymarket Perps711.69+0.072%Phoenix711.72+0.076%Lighter711.73+0.077%Vest711.75+0.080%SoDEX711.86+0.096%Aevo711.87+0.097%Binance711.87+0.098%Aftermath Perps712.03+0.120%Aster712.04+0.121%Orderly712.20+0.143%HTX712.21+0.145%edgeX712.25+0.151%SunX712.28+0.155%BloFin712.34+0.163%Phemex712.39+0.170%Coinbase International712.60+0.200%Injective713.75+0.361%Variational Omni713.80+0.368%
Extended
Paradex
KuCoin
OKX
tradeXYZ
Gate
Bybit
Nado
Lighter RH
Bitget
Popdex
ApeX Omni
Deribit
Polymarket Perps
Phoenix
Lighter
Vest
SoDEX
Aevo
Binance
Aster
Orderly
HTX
SunX
BloFin
Phemex
Coinbase International
Injective
Variational OmniMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps META-USD.Pshort | −0.028% | +0.0050% | 1h | $917K | $2.3M | 10x | |
| Hotstuff META-PERP | −0.013% | +0.0192% | 1h | $32K | $105 | 20x | as long as short |
| Arcus META-USD | −0.003% | +0.0356% | 1h | $282K | $242K | 10x | as long as short |
| QFEX META-USDlong | 0.000% | +0.0033% | 1h | $1.8M | $5.3M | 10x | |
| Extended META_24_5-USD | 0.000% | +0.0016% | 1h | $509K | $1.3M | 17x | as long as short |
| Paradex META-USD-PERP | +0.002% | +0.0055% | 8h | — | — | 5x | as long as short |
| KuCoin METAUSDTM | +0.003% | +0.0100% | 8h | $1.5M | $123K | 20x | as long as short |
| OKX META-USDT-SWAP | +0.011% | 0.0000% | 8h | $6.1M | $6.8M | 20x | as long as short |
| tradeXYZ xyz:META | +0.014% | +0.0050% | 1h | $63.1M | $43.3M | 20x | as long as short |
| Gate META_USDT | +0.018% | 0.0000% | 8h | $394K | $2.9M | 100x | as long as short |