Spread before costs (cost unknown: a leg has no order-book sample)+0.018%
7d average—if it closes, per $10,000$2funding while held, a day+$7.82
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni META | 708.74 | 0 | get 0.0000% / 8h | 45m 22s | $1.4M | $1.9M | — |
| Short | Aftermath Perps METAUSD | 708.87 | 0.0261 | get 0.0033% / 1h | 45m 22s | $43K | $48K | 10x |
Variational Omni METAPrice 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
- $1.84
- Funding while held
- $7.82
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Net
- $0.66
- Spread needed to break even
- 0.090%
Slippage unknown: Variational Omni: RFQ quote, just now; Aftermath Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0261%
- Per $10,000 a day
- +$7.82
- 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 Variational Omni RFQ quote, just now | 2.46 bp | doesn't fit | 21.2 bp −$212 | doesn't fit | doesn't fit |
| Sell Aftermath Perps no order-book sample | — | — | — | — | — |
Aftermath 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.Injective706.76cheapestOndo Perps708.02+0.178%KuCoin708.41+0.233%ApeX Omni708.44+0.238%Gate708.47+0.242%Coinbase International708.51+0.248%tradeXYZ708.63+0.265%Nado708.69+0.273%HTX708.70+0.274%Aster708.74+0.280%Deribit708.74+0.280%
Injective
Ondo Perps
KuCoin
ApeX Omni
Gate
Coinbase International
tradeXYZ
Nado
HTX
Aster
DeribitVariational Omni708.74+0.281%
Aevo708.74+0.281%Bybit708.76+0.283%Paradex708.81+0.290%Lighter RH708.82+0.291%Arcus708.82+0.291%Vest708.86+0.297%OKX708.88+0.300%Orderly708.93+0.307%SoDEX708.93+0.307%Extended708.94+0.308%Binance708.96+0.311%QFEX708.97+0.313%Phoenix708.98+0.314%Bitget708.99+0.316%Popdex709.00+0.317%Polymarket Perps709.02+0.320%Hotstuff709.03+0.321%Lighter709.05+0.324%BloFin709.09+0.330%edgeX709.16+0.340%SunX709.17+0.341%Phemex709.17+0.341%
Aevo
Bybit
Paradex
Lighter RH
Arcus
Vest
OKX
Orderly
SoDEX
Extended
Binance
QFEX
Phoenix
Bitget
Popdex
Polymarket Perps
Hotstuff
Lighter
BloFin
SunX
PhemexMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective META/USDC PERP | −0.280% | +0.0220% | 1h | $161K | $135K | 30x | as long as short |
| Ondo Perps META-USD.P | −0.102% | +0.0050% | 1h | $901K | $2.3M | 10x | as long as short |
| KuCoin METAUSDTM | −0.047% | +0.0100% | 8h | $1.4M | $135K | 20x | as long as short |
| ApeX Omni METAUSDT | −0.043% | +0.0100% | 1h | $110K | $46K | 50x | as long as short |
| Gate META_USDT | −0.039% | 0.0000% | 8h | $385K | $3.1M | 100x | as long as short |
| Coinbase International META-PERP-INTX | −0.033% | +0.0056% | 1h | $667K | $4.7M | 10x | as long as short |
| tradeXYZ xyz:META | −0.016% | +0.0050% | 1h | $61.7M | $45.5M | 20x | as long as short |
| Nado META-PERP | −0.008% | +0.0048% | 1h | $439K | $69K | 20x | as long as short |
| HTX META-USDT | −0.006% | 0.0000% | 8h | $101K | $264K | 30x | as long as short |
| Aster METAUSDT | −0.001% | 0.0000% | 8h | $437K | $86K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit META_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $29K | $253K | 10x | as long as short |
| Variational Omni METAlong | 0.000% | 0.0000% | 8h | $1.4M | $1.9M | — | |
| Aevo META-PERP | 0.000% | +0.0104% | 1h | $255 | — | 10x | as long as short |
| Bybit METAUSDT | +0.002% | 0.0000% | 8h | $6.4M | $7.0M | 100x | as long as short |
| Paradex META-USD-PERP | +0.010% | +0.0053% | 8h | — | — | 5x | as long as short |
| Lighter RH META | +0.011% | +0.0032% | 1h | $684K | $2.4M | 20x | as long as short |
| Arcus META-USD | +0.011% | +0.0088% | 1h | $279K | $249K | 10x | as long as short |
| Vest META-USD-PERP | +0.016% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| Aftermath Perps METAUSDshort | +0.018% | +0.0261% | 1h | $43K | $48K | 10x | |
| OKX META-USDT-SWAP | +0.019% | 0.0000% | 8h | $6.1M | $7.2M | 20x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.026% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| SoDEX META-USD | +0.026% | +0.0050% | 1h | $23K | $3K | 10x | as long as short |
| Extended META_24_5-USD | +0.028% | 0.0000% | 1h | $512K | $1.3M | 17x | as long as short |
| Binance METAUSDT | +0.031% | 0.0000% | 8h | $25.4M | $89.1M | 20x | as long as short |
| QFEX META-USD | +0.032% | +0.0028% | 1h | $1.8M | $5.8M | 10x | as long as short |
| Phoenix META | +0.033% | +0.0090% | 1h | $229K | $284K | 20x | as long as short |
| Bitget METAUSDT | +0.035% | 0.0000% | 8h | $4.9M | $5.9M | 100x | as long as short |
| Popdex METAUSDT | +0.036% | +0.0048% | 1h | $165K | $154K | 20x | as long as short |
| Polymarket Perps META-USD | +0.039% | +0.0050% | 1h | $645K | $466K | 10x | as long as short |
| Hotstuff META-PERP | +0.040% | +0.0088% | 1h | $32K | $105 | 20x | as long as short |
| Lighter META | +0.043% | +0.0032% | 1h | $694K | $2.1M | 20x | as long as short |
| BloFin META-USDT | +0.049% | −0.0120% | 8h | $345K | $457K | 20x | as long as short |
| edgeX METAUSDC | +0.059% | +0.0888% | 4h | $60K | $324K | 10x | as long as short |
| SunX META-USDT | +0.060% | 0.0000% | 8h | $818 | $7.8M | 20x | as long as short |
| Phemex METAUSDT | +0.060% | 0.0000% | 4h | $1.9M | $4K | 10x | as long as short |