data as of
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Price arb /

META

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Spread before costs (cost unknown: a leg has no order-book sample)+0.400%
7d average−0.109%if it closes, per $10,000$40funding while held, a day+$1.68
Long on Variational OmniShort on Coinbase International
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni META708.740get 0.0000% / 8h41m 15s$1.4M$1.9M—
ShortCoinbase International META-PERP-INTX711.580.0056get 0.0007% / 1h41m 15s$667K$4.8M10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$40.02
Funding while held
$1.68
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$31.7
Spread needed to break even
0.100%
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Coinbase International: live order book, 4 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0056%
Per $10,000 a day
+$1.68
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 4 min ago2.46 bpdoesn't fit21.2 bp −$212doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago3.66 bp8.7 bp −$912.4 bp −$124doesn't fitdoesn't fit

META price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni708.74cheapest
Injective710.19+0.204%Aftermath Perps710.48+0.245%ApeX Omni711.24+0.352%Phoenix711.37+0.371%edgeX711.49+0.388%
Coinbase International711.58+0.400%
Hotstuff711.65+0.410%Phemex712.01+0.461%Ondo Perps712.33+0.506%tradeXYZ712.58+0.541%Gate712.63+0.548%Aster712.68+0.555%Nado712.69+0.558%Vest712.79+0.571%OKX712.80+0.572%KuCoin712.84+0.578%Arcus712.91+0.588%Bybit712.93+0.591%QFEX712.96+0.595%Aevo712.98+0.597%Paradex712.98+0.598%Deribit712.99+0.599%HTX713.01+0.602%Extended713.08+0.612%SoDEX713.10+0.615%Popdex713.13+0.619%Lighter RH713.15+0.622%Lighter713.17+0.625%Orderly713.18+0.626%BloFin713.19+0.627%Polymarket Perps713.20+0.629%Bitget713.24+0.634%Binance713.25+0.636%SunX713.28+0.640%

META on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni METAlong0.000%0.0000%8h$1.4M$1.9M—
Injective META/USDC PERP+0.204%+0.0220%1h$162K$135K30xas long as short
Aftermath Perps METAUSD+0.245%+0.0257%1h$43K$48K10xas long as short
ApeX Omni METAUSDT+0.352%+0.0100%1h$111K$46K50xas long as short
Phoenix META+0.371%+0.0090%1h$230K$284K20xas long as short
edgeX METAUSDC+0.388%+0.0915%4h$60K$322K10xas long as short
Coinbase International META-PERP-INTXshort+0.400%+0.0056%1h$667K$4.8M10x
Hotstuff META-PERP+0.410%+0.0008%1h$32K$10520xas long as short
Phemex METAUSDT+0.461%−0.0010%4h$1.9M$5K10xas long as short
Ondo Perps META-USD.P+0.506%+0.0050%1h$898K$2.4M10xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
tradeXYZ xyz:META+0.541%+0.0050%1h$61.7M$46.0M20xas long as short
Gate META_USDT+0.548%0.0000%8h$387K$3.1M100xas long as short
Aster METAUSDT+0.555%0.0000%8h$439K$86K20xas long as short
Nado META-PERP+0.558%+0.0034%1h$442K$69K20xas long as short
Vest META-USD-PERP+0.571%+0.0046%1h—$6K25xas long as short
OKX META-USDT-SWAP+0.572%0.0000%8h$6.1M$7.3M20xas long as short
KuCoin METAUSDTM+0.578%+0.0100%8h$1.5M$136K20xas long as short
Arcus META-USD+0.588%+0.0088%1h$280K$249K10xas long as short
Bybit METAUSDT+0.591%0.0000%8h$6.8M$7.2M100xas long as short
QFEX META-USD+0.595%+0.0028%1h$1.8M$5.8M10xas long as short
Aevo META-PERP+0.597%+0.0104%1h$257—10xas long as short
Paradex META-USD-PERP+0.598%+0.0053%8h——5xas long as short
Deribit META_USDC-PERPETUAL+0.599%0.0000%1h$29K$253K10xas long as short
HTX META-USDT+0.602%0.0000%8h$101K$264K30xas long as short
Extended META_24_5-USD+0.612%0.0000%1h$515K$1.3M17xas long as short
SoDEX META-USD+0.615%+0.0050%1h$24K$3K10xas long as short
Popdex METAUSDT+0.619%+0.0048%1h$166K$154K20xas long as short
Lighter RH META+0.622%+0.0032%1h$679K$2.4M20xas long as short
Lighter META+0.625%+0.0032%1h$698K$2.1M20xas long as short
Orderly PERP_META_USDC_mythos+0.626%+0.0100%8h$1K—10xas long as short
BloFin META-USDT+0.627%−0.0120%8h$345K$465K20xas long as short
Polymarket Perps META-USD+0.629%+0.0050%1h$648K$466K10xas long as short
Bitget METAUSDT+0.634%0.0000%8h$4.9M$5.9M100xas long as short
Binance METAUSDT+0.636%0.0000%8h$25.6M$90.2M20xas long as short
SunX META-USDT+0.640%0.0000%8h$746$7.9M20xas long as short