Spread before costs (cost unknown: a leg has no order-book sample)+0.019%
7d average−0.079%if it closes, per $10,000$2funding while held, a day+$1.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni META | 711.84 | 0 | get 0.0000% / 8h | 37m 58s | $1.4M | $1.9M | — |
| Short | Ondo Perps META-USD.P | 711.98 | 0.0050 | get 0.0006% / 1h | 37m 58s | $898K | $2.6M | 10x |
Variational Omni META
Ondo Perps META-USD.PPrice 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
- $1.93
- Funding while held
- $1.51
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$1.55
- Spread needed to break even
- 0.050%
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.51
- 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, 2 min ago | 3.49 bp | doesn't fit | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo 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.Injective710.19cheapestGate710.92+0.103%Bybit710.99+0.113%Extended711.07+0.124%KuCoin711.10+0.128%tradeXYZ711.11+0.130%Bitget711.11+0.130%SoDEX711.17+0.138%OKX711.21+0.144%Binance711.21+0.144%ApeX Omni711.24+0.148%Deribit711.27+0.152%Aftermath Perps711.35+0.163%Aster711.35+0.163%SunX711.40+0.170%Lighter711.42+0.173%Lighter RH711.43+0.175%Nado711.65+0.206%Aevo711.68+0.209%Orderly711.72+0.215%Coinbase International711.74+0.218%Phemex711.81+0.228%HTX711.83+0.231%
Injective
Gate
Bybit
Extended
KuCoin
tradeXYZ
Bitget
SoDEX
OKX
Binance
ApeX Omni
Deribit
Aster
SunX
Lighter
Lighter RH
Nado
Aevo
Orderly
Coinbase International
Phemex
HTXVariational Omni711.84+0.233%
Ondo Perps711.98+0.252%
QFEX712.08+0.266%Popdex712.08+0.266%Arcus712.17+0.279%Polymarket Perps712.24+0.289%Paradex712.36+0.306%Vest712.45+0.318%Hotstuff712.52+0.328%edgeX712.71+0.355%BloFin713.15+0.417%Phoenix713.38+0.449%
QFEX
Popdex
Arcus
Polymarket Perps
Paradex
Vest
Hotstuff
BloFin
PhoenixMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective META/USDC PERP | −0.232% | +0.0220% | 1h | $162K | $135K | 30x | as long as short |
| Gate META_USDT | −0.130% | 0.0000% | 8h | $384K | $3.2M | 100x | as long as short |
| Bybit METAUSDT | −0.120% | 0.0000% | 8h | $6.8M | $7.2M | 100x | as long as short |
| Extended META_24_5-USD | −0.108% | 0.0000% | 1h | $515K | $1.3M | 17x | as long as short |
| KuCoin METAUSDTM | −0.104% | +0.0100% | 8h | $1.5M | $138K | 20x | as long as short |
| tradeXYZ xyz:META | −0.103% | +0.0050% | 1h | $61.6M | $46.4M | 20x | as long as short |
| Bitget METAUSDT | −0.103% | 0.0000% | 8h | $4.9M | $5.9M | 100x | as long as short |
| SoDEX META-USD | −0.094% | +0.0050% | 1h | $23K | $3K | 10x | as long as short |
| OKX META-USDT-SWAP | −0.089% | 0.0000% | 8h | $6.1M | $7.4M | 20x | as long as short |
| Binance METAUSDT | −0.088% | 0.0000% | 8h | $25.6M | $92.1M | 20x | as long as short |