Spread before costs (cost unknown: a leg has no order-book sample)−0.158%
7d average—if it closes, per $10,000$16funding while held, a day+$1.37
| 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 | 36m 20s | $1.4M | $1.9M | — |
| Short | Vest META-USD-PERP | 710.72 | 0.0046 | get 0.0006% / 1h | 36m 20s | — | $6K | 25x |
Variational Omni META
Vest META-USD-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
- −$15.77
- Funding while held
- $1.37
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$16.4
- Spread needed to break even
- 0.020%
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Vest: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0046%
- Per $10,000 a day
- +$1.37
- 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, 4 min ago | 3.49 bp | doesn't fit | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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.Gate709.98cheapestHTX710.14+0.023%tradeXYZ710.16+0.025%KuCoin710.21+0.032%Hotstuff710.24+0.037%Extended710.26+0.039%Aevo710.26+0.040%Paradex710.29+0.044%Deribit710.33+0.049%Arcus710.35+0.052%QFEX710.38+0.056%Orderly710.38+0.056%SoDEX710.40+0.059%Polymarket Perps710.43+0.063%Binance710.44+0.065%Popdex710.45+0.066%OKX710.46+0.068%Bybit710.47+0.069%Bitget710.50+0.073%Lighter RH710.59+0.086%Lighter710.61+0.089%SunX710.66+0.096%
Gate
HTX
tradeXYZ
KuCoin
Hotstuff
Extended
Aevo
Paradex
Deribit
Arcus
QFEX
Orderly
SoDEX
Polymarket Perps
Binance
Popdex
OKX
Bybit
Bitget
Lighter RH
Lighter
SunXVest710.72+0.104%
Aster710.85+0.123%BloFin711.01+0.145%Aftermath Perps711.15+0.164%Nado711.16+0.166%Ondo Perps711.21+0.173%Phemex711.41+0.201%Coinbase International711.74+0.248%
Aster
BloFin
Nado
Ondo Perps
Phemex
Coinbase InternationalVariational Omni711.84+0.262%
Injective712.37+0.337%edgeX712.71+0.385%ApeX Omni712.87+0.407%Phoenix713.38+0.479%
Injective
ApeX Omni
PhoenixMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate META_USDT | −0.262% | 0.0000% | 8h | $384K | $3.2M | 100x | as long as short |
| HTX META-USDT | −0.239% | 0.0000% | 8h | $101K | $264K | 30x | as long as short |
| tradeXYZ xyz:META | −0.236% | +0.0050% | 1h | $61.5M | $46.4M | 20x | as long as short |
| KuCoin METAUSDTM | −0.229% | +0.0100% | 8h | $1.5M | $138K | 20x | as long as short |
| Hotstuff META-PERP | −0.225% | +0.0088% | 1h | $32K | $105 | 20x | as long as short |
| Extended META_24_5-USD | −0.222% | 0.0000% | 1h | $515K | $1.3M | 17x | as long as short |
| Aevo META-PERP | −0.222% | +0.0104% | 1h | $256 | — | 10x | as long as short |
| Paradex META-USD-PERP | −0.218% | +0.0052% | 8h | — | — | 5x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.212% | 0.0000% | 1h | $29K | $253K | 10x | as long as short |
| Arcus META-USD | −0.210% | +0.0088% | 1h | $279K | $249K | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| QFEX META-USD | −0.205% | +0.0028% | 1h | $1.8M | $5.9M | 10x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.205% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| SoDEX META-USD | −0.203% | +0.0050% | 1h | $23K | $3K | 10x | as long as short |
| Polymarket Perps META-USD | −0.198% | +0.0050% | 1h | $646K | $466K | 10x | as long as short |
| Binance METAUSDT | −0.197% | 0.0000% | 8h | $25.6M | $92.5M | 20x | as long as short |
| Popdex METAUSDT | −0.196% | +0.0048% | 1h | $165K | $155K | 20x | as long as short |
| OKX META-USDT-SWAP | −0.194% | 0.0000% | 8h | $6.1M | $7.4M | 20x | as long as short |
| Bybit METAUSDT | −0.193% | 0.0000% | 8h | $6.8M | $7.3M | 100x | as long as short |
| Bitget METAUSDT | −0.189% | 0.0000% | 8h | $4.8M | $5.9M | 100x | as long as short |
| Lighter RH META | −0.176% | +0.0032% | 1h | $668K | $2.4M | 20x | as long as short |
| Lighter META | −0.173% | +0.0032% | 1h | $684K | $2.1M | 20x | as long as short |
| SunX META-USDT | −0.166% | 0.0000% | 8h | $881 | $8.1M | 20x | as long as short |
| Vest META-USD-PERPshort | −0.158% | +0.0046% | 1h | — | $6K | 25x | |
| Aster METAUSDT | −0.139% | 0.0000% | 8h | $438K | $86K | 20x | as long as short |
| BloFin META-USDT | −0.117% | −0.0120% | 8h | $338K | $466K | 20x | as long as short |
| Aftermath Perps METAUSD | −0.098% | +0.0250% | 1h | $43K | $48K | 10x | as long as short |
| Nado META-PERP | −0.097% | +0.0025% | 1h | $441K | $87K | 20x | as long as short |
| Ondo Perps META-USD.P | −0.089% | +0.0050% | 1h | $845K | $2.6M | 10x | as long as short |
| Phemex METAUSDT | −0.061% | 0.0000% | 4h | $1.9M | $5K | 10x | as long as short |
| Coinbase International META-PERP-INTX | −0.014% | +0.0056% | 1h | $652K | $4.8M | 10x | as long as short |
| Variational Omni METAlong | 0.000% | 0.0000% | 8h | $1.4M | $1.9M | — | |
| Injective META/USDC PERP | +0.074% | +0.0220% | 1h | $162K | $135K | 30x | as long as short |
| edgeX METAUSDC | +0.122% | +0.0949% | 4h | $60K | $323K | 10x | as long as short |
| ApeX Omni METAUSDT | +0.144% | +0.0100% | 1h | $111K | $46K | 50x | as long as short |
| Phoenix META | +0.216% | +0.0090% | 1h | $231K | $284K | 20x | as long as short |