After costs, if the gap returns to its 7d average, $10k−$20
spread now+0.037%7d average−0.039%fees + slippage, in and out−$28spread needed0.277%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX META-USD | 734.47 | 0.0020 | pay 0.0002% / 1h | 47m 08s | $1.8M | $8.8M | 10x |
| Short | Polymarket Perps META-USD | 734.74 | 0.0050 | get 0.0006% / 1h | 47m 08s | $666K | $482K | 10x |
QFEX META-USD
Polymarket Perps META-USDPrice 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
- $3.68
- Funding while held
- $0.91
- Slippage, 4 orders
- −$9.68
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$23.1
- Spread needed to break even
- 0.277%
Slippage from QFEX: live order book, 3 min ago; Polymarket Perps: live order book, 57 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0030%
- Per $10,000 a day
- +$0.91
- 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, 3 min ago | 1.43 bp | 6.4 bp −$6 | 7.1 bp −$71 | 15.6 bp −$1,555 | doesn't fit |
| Sell Polymarket Perps live order book, 57 min ago | 1.17 bp | 8.3 bp −$8 | 9.4 bp −$94 | 10.6 bp −$1,058 | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni732.45cheapestInjective732.81+0.049%Aftermath Perps733.06+0.083%Phoenix733.54+0.149%Ondo Perps733.59+0.156%ApeX Omni733.68+0.168%Coinbase International733.77+0.180%Nado734.08+0.223%edgeX734.12+0.229%Paradex734.21+0.240%Phemex734.23+0.243%Hotstuff734.27+0.249%KuCoin734.36+0.261%
Variational Omni
Injective
Phoenix
Ondo Perps
ApeX Omni
Coinbase International
Nado
Paradex
Phemex
Hotstuff
KuCoinQFEX734.47+0.276%
Popdex734.49+0.279%Gate734.58+0.291%HTX734.66+0.302%Aster734.67+0.304%
Popdex
Gate
HTX
AsterPolymarket Perps734.74+0.313%
Extended734.86+0.330%Aevo734.87+0.331%tradeXYZ734.95+0.342%SunX734.95+0.342%Vest734.97+0.344%Lighter RH734.99+0.347%BloFin734.99+0.347%Deribit735.00+0.348%Orderly735.02+0.351%Bybit735.09+0.361%Arcus735.09+0.361%SoDEX735.09+0.361%Bitget735.13+0.366%OKX735.15+0.369%Lighter735.18+0.373%Binance735.19+0.374%
Extended
Aevo
tradeXYZ
SunX
Vest
Lighter RH
BloFin
Deribit
Orderly
Bybit
Arcus
SoDEX
Bitget
OKX
Lighter
BinanceMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni META | −0.275% | 0.0000% | 8h | $1.4M | $2.2M | — | as long as short |
| Injective META/USDC PERP | −0.226% | +0.0220% | 1h | $167K | $101K | 30x | as long as short |
| Aftermath Perps METAUSD | −0.193% | +0.0268% | 1h | $44K | $47K | 10x | as long as short |
| Phoenix META | −0.127% | +0.0055% | 1h | $251K | $513K | 20x | as long as short |
| Ondo Perps META-USD.P | −0.120% | +0.0050% | 1h | $746K | $3.0M | 10x | as long as short |
| ApeX Omni METAUSDT | −0.108% | +0.0100% | 1h | $135K | $57K | 50x | as long as short |
| Coinbase International META-PERP-INTX | −0.095% | +0.0048% | 1h | $640K | $6.0M | 10x | as long as short |
| Nado META-PERP | −0.053% | +0.0001% | 1h | $389K | $172K | 20x | as long as short |
| edgeX METAUSDC | −0.047% | +0.0091% | 4h | $61K | $327K | 10x | as long as short |
| Paradex META-USD-PERP | −0.036% | +0.0051% | 8h | — | — | 5x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex METAUSDT | −0.033% | −0.0056% | 4h | $1.9M | $5K | 10x | as long as short |
| Hotstuff META-PERP | −0.027% | +0.0024% | 1h | $33K | $105 | 20x | as long as short |
| KuCoin METAUSDTM | −0.015% | +0.0100% | 8h | $1.5M | $198K | 20x | as long as short |
| QFEX META-USDlong | 0.000% | +0.0020% | 1h | $1.8M | $8.8M | 10x | |
| Popdex METAUSDT | +0.003% | +0.0048% | 1h | $178K | $168K | 20x | as long as short |
| Gate META_USDT | +0.015% | 0.0000% | 8h | $345K | $4.0M | 100x | as long as short |
| HTX META-USDT | +0.026% | 0.0000% | 8h | $104K | $270K | 30x | as long as short |
| Aster METAUSDT | +0.028% | 0.0000% | 8h | $452K | $126K | 20x | as long as short |
| Polymarket Perps META-USDshort | +0.037% | +0.0050% | 1h | $666K | $482K | 10x | |
| Extended META_24_5-USD | +0.054% | 0.0000% | 1h | $542K | $1.4M | 17x | as long as short |
| Aevo META-PERP | +0.054% | +0.0104% | 1h | $265 | — | 10x | as long as short |
| tradeXYZ xyz:META | +0.065% | +0.0050% | 1h | $66.9M | $54.7M | 20x | as long as short |
| SunX META-USDT | +0.065% | 0.0000% | 8h | $833 | $9.3M | 20x | as long as short |
| Vest META-USD-PERP | +0.068% | +0.0046% | 1h | — | $8K | 25x | as long as short |
| Lighter RH META | +0.071% | +0.0032% | 1h | $703K | $2.6M | 20x | as long as short |
| BloFin META-USDT | +0.071% | −0.0120% | 8h | $330K | $646K | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.072% | +0.0036% | 1h | $28K | $266K | 10x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.075% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Bybit METAUSDT | +0.084% | 0.0000% | 8h | $7.5M | $9.4M | 100x | as long as short |
| Arcus META-USD | +0.084% | +0.0325% | 1h | $270K | $296K | 10x | as long as short |
| SoDEX META-USD | +0.084% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Bitget METAUSDT | +0.090% | 0.0000% | 8h | $5.5M | $8.0M | 100x | as long as short |
| OKX META-USDT-SWAP | +0.093% | 0.0000% | 8h | $5.9M | $10.0M | 20x | as long as short |
| Lighter META | +0.097% | +0.0032% | 1h | $847K | $2.4M | 20x | as long as short |
| Binance METAUSDT | +0.098% | 0.0000% | 8h | $25.2M | $120.8M | 20x | as long as short |