Spread before costs (cost unknown: a leg has no order-book sample)+0.036%
7d average—if it closes, per $10,000$4funding while held, a day+$2.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni META | 728.52 | 0 | get 0.0000% / 8h | 7h 14m | $1.4M | $2.1M | — |
| Short | Hotstuff META-PERP | 728.78 | 0.0072 | get 0.0009% / 1h | 14m 39s | $33K | $105 | 20x |
Variational Omni META
Hotstuff META-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
- $3.64
- Funding while held
- $2.16
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- $0.8
- Spread needed to break even
- 0.050%
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Hotstuff: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0072%
- Per $10,000 a day
- +$2.16
- 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, 1 min ago | 2.46 bp | doesn't fit | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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.Nado727.49cheapestHTX727.70+0.028%Aevo727.80+0.042%QFEX727.82+0.045%Popdex727.84+0.048%Gate727.85+0.049%Deribit727.93+0.060%Ondo Perps727.95+0.063%SoDEX727.99+0.068%BloFin728.00+0.070%Polymarket Perps728.03+0.074%Orderly728.06+0.078%Bybit728.12+0.086%KuCoin728.12+0.086%tradeXYZ728.15+0.090%Vest728.17+0.093%Coinbase International728.21+0.098%Aster728.24+0.102%SunX728.41+0.126%edgeX728.44+0.130%ApeX Omni728.51+0.140%Aftermath Perps728.51+0.140%
Nado
HTX
Aevo
QFEX
Popdex
Gate
Deribit
Ondo Perps
SoDEX
BloFin
Polymarket Perps
Orderly
Bybit
KuCoin
tradeXYZ
Vest
Coinbase International
Aster
SunX
ApeX OmniVariational Omni728.52+0.140%
Phoenix728.56+0.147%Paradex728.60+0.151%Binance728.64+0.158%Lighter728.75+0.173%
Phoenix
Paradex
Binance
LighterHotstuff728.78+0.177%
Lighter RH728.79+0.178%Bitget728.81+0.181%Extended728.81+0.181%Phemex728.91+0.195%OKX729.15+0.228%Arcus729.59+0.288%Injective730.12+0.361%
Lighter RH
Bitget
Extended
Phemex
OKX
Arcus
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado META-PERP | −0.140% | +0.0038% | 1h | $393K | $122K | 20x | as long as short |
| HTX META-USDT | −0.112% | 0.0000% | 8h | $103K | $270K | 30x | as long as short |
| Aevo META-PERP | −0.098% | +0.0104% | 1h | $262 | — | 10x | as long as short |
| QFEX META-USD | −0.095% | +0.0016% | 1h | $1.8M | $7.9M | 10x | as long as short |
| Popdex METAUSDT | −0.093% | +0.0048% | 1h | $176K | $165K | 20x | as long as short |
| Gate META_USDT | −0.091% | 0.0000% | 8h | $361K | $3.8M | 100x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.080% | 0.0000% | 1h | $28K | $265K | 10x | as long as short |
| Ondo Perps META-USD.P | −0.078% | +0.0050% | 1h | $848K | $2.8M | 10x | as long as short |
| SoDEX META-USD | −0.072% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| BloFin META-USDT | −0.071% | −0.0120% | 8h | $327K | $610K | 20x | as long as short |