Spread before costs (cost unknown: a leg has no order-book sample)+0.008%
7d average—if it closes, per $10,000$1funding while held, a day−$0.06
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX META-USD | 745.98 | 0.0050 | pay 0.0006% / 1h | 7m 32s | $25K | $3K | 10x |
| Short | Popdex METAUSDT | 746.04 | 0.0048 | get 0.0006% / 1h | 7m 32s | $176K | $192K | 20x |
SoDEX META-USD
Popdex METAUSDTPrice 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
- $0.8
- Funding while held
- −$0.06
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$13.66
- Spread needed to break even
- 0.144%
Slippage unknown: SoDEX: no order-book sample; Popdex: live order book, 28 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0002%
- Per $10,000 a day
- −$0.06
- 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Popdex live order book, 28 min ago | 1.07 bp | 5.7 bp −$6 | 38.6 bp −$386 | doesn't fit | doesn't fit |
SoDEX: 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.OKX745.77cheapestHTX745.79+0.003%KuCoin745.80+0.004%Gate745.86+0.012%Coinbase International745.87+0.013%
OKX
HTX
KuCoin
Gate
Coinbase InternationalSoDEX745.98+0.028%
Deribit746.00+0.031%tradeXYZ746.01+0.032%Hotstuff746.01+0.032%Nado746.01+0.033%
Deribit
tradeXYZ
Hotstuff
NadoPopdex746.04+0.036%
Polymarket Perps746.06+0.039%Bybit746.11+0.046%Paradex746.17+0.053%Binance746.21+0.059%Aevo746.22+0.060%QFEX746.23+0.062%Bitget746.24+0.063%Ondo Perps746.28+0.068%Arcus746.30+0.071%Orderly746.31+0.072%BloFin746.32+0.074%SunX746.33+0.075%Extended746.34+0.076%Aster746.41+0.085%ApeX Omni746.42+0.087%Injective746.44+0.090%Lighter RH746.51+0.099%Lighter746.65+0.118%Aftermath Perps746.79+0.137%Vest746.89+0.150%Phemex746.99+0.164%Phoenix747.08+0.176%Variational Omni747.17+0.188%edgeX747.29+0.204%
Polymarket Perps
Bybit
Paradex
Binance
Aevo
QFEX
Bitget
Ondo Perps
Arcus
Orderly
BloFin
SunX
Extended
Aster
ApeX Omni
Injective
Lighter RH
Lighter
Vest
Phemex
Phoenix
Variational OmniMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX META-USDT-SWAP | −0.028% | 0.0000% | 8h | $6.1M | $12.2M | 20x | as long as short |
| HTX META-USDT | −0.025% | 0.0000% | 8h | $105K | $280K | 30x | as long as short |
| KuCoin METAUSDTM | −0.024% | +0.0100% | 8h | $1.6M | $287K | 20x | as long as short |
| Gate META_USDT | −0.016% | 0.0000% | 8h | $360K | $4.8M | 100x | as long as short |
| Coinbase International META-PERP-INTX | −0.015% | +0.0048% | 1h | $651K | $6.5M | 10x | as long as short |
| SoDEX META-USDlong | 0.000% | +0.0050% | 1h | $25K | $3K | 10x | |
| Deribit META_USDC-PERPETUAL | +0.003% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| tradeXYZ xyz:META | +0.004% | +0.0050% | 1h | $77.3M | $91.9M | 20x | as long as short |
| Hotstuff META-PERP | +0.004% | +0.0264% | 1h | $33K | $105 | 20x | as long as short |
| Nado META-PERP | +0.005% | −0.0020% | 1h | $394K | $215K | 20x | as long as short |