Spread before costs (cost unknown: a leg has no order-book sample)−0.077%
7d average—if it closes, per $10,000$8funding while held, a day+$0.43
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX META-USD | 690.58 | 0.0050 | pay 0.0006% / 1h | 27m 40s | $1.8M | $3.9M | 10x |
| Short | Paradex META-USD-PERP | 690.05 | 0.0064 | get 0.0064% / 8h | 2h 27m | — | — | 5x |
QFEX META-USD
Paradex META-USD-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
- −$7.74
- Funding while held
- $0.43
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$21.31
- Spread needed to break even
- 0.140%
Slippage unknown: QFEX: live order book, 7 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0014%
- Per $10,000 a day
- +$0.43
- 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 | 1.47 bp | 6.5 bp −$6 | 6.5 bp −$65 | 18.0 bp −$1,800 | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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.Injective679.78cheapestApeX Omni680.26+0.071%edgeX680.29+0.075%Variational Omni680.39+0.090%Phoenix680.65+0.128%Aftermath Perps681.97+0.322%KuCoin684.96+0.762%BloFin688.68+1.309%Vest688.75+1.320%Ondo Perps689.30+1.400%Coinbase International689.38+1.412%Hotstuff689.93+1.493%
Injective
ApeX Omni
Variational Omni
Phoenix
KuCoin
BloFin
Vest
Ondo Perps
Coinbase International
HotstuffParadex690.05+1.510%
Arcus690.10+1.518%Popdex690.17+1.528%Nado690.37+1.557%SoDEX690.39+1.561%HTX690.57+1.587%
Arcus
Popdex
Nado
SoDEX
HTXQFEX690.58+1.589%
Deribit690.58+1.589%Polymarket Perps690.76+1.615%Aevo690.78+1.619%Orderly690.79+1.620%Phemex691.83+1.773%SunX693.43+2.008%Extended694.13+2.112%Gate694.36+2.145%Aster694.44+2.156%tradeXYZ696.46+2.454%Bitget696.60+2.474%Binance696.75+2.496%Lighter RH696.81+2.505%Lighter696.88+2.516%Bybit697.07+2.543%OKX697.36+2.586%
Deribit
Polymarket Perps
Aevo
Orderly
Phemex
SunX
Extended
Gate
Aster
tradeXYZ
Bitget
Binance
Lighter RH
Lighter
Bybit
OKXMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective META/USDC PERP | −1.564% | +0.0220% | 1h | $205K | $149K | 30x | as long as short |
| ApeX Omni METAUSDT | −1.494% | +0.0100% | 1h | $83K | $34K | 50x | as long as short |
| edgeX METAUSDC | −1.490% | +0.0367% | 4h | $57K | $323K | 10x | as long as short |
| Variational Omni META | −1.475% | 0.0000% | 8h | $1.6M | $1.1M | — | as long as short |
| Phoenix META | −1.438% | +0.0211% | 1h | $254K | $145K | 20x | as long as short |
| Aftermath Perps METAUSD | −1.247% | +0.0042% | 1h | $39K | $44K | 10x | as long as short |
| KuCoin METAUSDTM | −0.814% | +0.0100% | 8h | $1.4M | $73K | 20x | as long as short |
| BloFin META-USDT | −0.275% | −0.0061% | 8h | $333K | $304K | 20x | as long as short |
| Vest META-USD-PERP | −0.265% | +0.0046% | 1h | — | $3K | 25x | as long as short |
| Ondo Perps META-USD.P | −0.185% | +0.0050% | 1h | $1.1M | $1.8M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International META-PERP-INTX | −0.174% | +0.0104% | 1h | $685K | $3.2M | 10x | as long as short |
| Hotstuff META-PERP | −0.094% | +0.0056% | 1h | $31K | — | 20x | as long as short |
| Paradex META-USD-PERPshort | −0.077% | +0.0064% | 8h | — | — | 5x | |
| Arcus META-USD | −0.070% | +0.0472% | 1h | $276K | $219K | 10x | as long as short |
| Popdex METAUSDT | −0.059% | +0.0096% | 1h | $165K | $134K | 20x | as long as short |
| Nado META-PERP | −0.031% | +0.0053% | 1h | $433K | $58K | 20x | as long as short |
| SoDEX META-USD | −0.028% | +0.0050% | 1h | $23K | $3K | 10x | as long as short |
| HTX META-USDT | −0.001% | 0.0000% | 8h | $97K | $263K | 30x | as long as short |
| QFEX META-USDlong | 0.000% | +0.0050% | 1h | $1.8M | $3.9M | 10x | |
| Deribit META_USDC-PERPETUAL | 0.000% | +0.0069% | 1h | $33K | $236K | 10x | as long as short |
| Polymarket Perps META-USD | +0.026% | +0.0062% | 1h | $633K | $388K | 10x | as long as short |
| Aevo META-PERP | +0.030% | +0.0104% | 1h | $249 | — | 10x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.030% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Phemex METAUSDT | +0.181% | −0.0019% | 4h | $1.8M | $4K | 10x | as long as short |
| SunX META-USDT | +0.413% | 0.0000% | 8h | $994 | $4.7M | 20x | as long as short |
| Extended META_24_5-USD | +0.515% | +0.0064% | 1h | $505K | $1.2M | 17x | as long as short |
| Gate META_USDT | +0.547% | 0.0000% | 8h | $462K | $1.4M | 100x | as long as short |
| Aster METAUSDT | +0.559% | 0.0000% | 8h | $459K | $7K | 20x | as long as short |
| tradeXYZ xyz:META | +0.851% | +0.0106% | 1h | $71.8M | $22.9M | 20x | as long as short |
| Bitget METAUSDT | +0.872% | +0.0015% | 8h | $4.8M | $4.5M | 100x | as long as short |
| Binance METAUSDT | +0.893% | +0.0060% | 8h | $24.9M | $41.1M | 20x | as long as short |
| Lighter RH META | +0.902% | +0.0032% | 1h | $928K | $1.7M | 20x | as long as short |
| Lighter META | +0.912% | +0.0184% | 1h | $702K | $1.7M | 20x | as long as short |
| Bybit METAUSDT | +0.940% | +0.0126% | 8h | $6.8M | $4.5M | 100x | as long as short |
| OKX META-USDT-SWAP | +0.982% | 0.0000% | 8h | $6.0M | $4.8M | 20x | as long as short |