Spread before costs (cost unknown: a leg has no order-book sample)−0.091%
7d average—if it closes, per $10,000$9funding while held, a day−$3.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MSFT-PERP | 497.07 | 0.0104 | pay 0.0013% / 1h | 19m 39s | $55 | — | 10x |
| Short | Gate MSFT_USDT | 496.62 | 0 | get 0.0000% / 8h | 6h 19m | $3.1M | $1.3M | 100x |
Aevo MSFT-PERP
Gate MSFT_USDTPrice 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
- −$9.11
- Funding while held
- −$3.12
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$43.23
- Spread needed to break even
- 0.310%
Slippage unknown: Aevo: no order-book sample; Gate: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0104%
- Per $10,000 a day
- −$3.12
- 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 5 min ago | 3.12 bp | 13.2 bp −$13 | 38.9 bp −$389 | doesn't fit | doesn't fit |
Aevo: 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.
MSFT price on every exchange
against the cheapest. Click to use as the short leg.KuCoin496.42cheapesttradeXYZ496.48+0.012%Hotstuff496.48+0.012%
KuCoin
tradeXYZ
HotstuffGate496.62+0.040%
Polymarket Perps496.62+0.040%Nado496.66+0.049%Aster496.74+0.064%Lighter RH496.76+0.068%Paradex496.80+0.076%Ondo Perps496.80+0.077%Bitget496.81+0.079%Binance496.85+0.087%Arcus496.85+0.087%OKX496.86+0.089%Vest496.86+0.089%Extended496.86+0.090%Deribit496.87+0.091%Bybit496.88+0.093%QFEX496.88+0.093%HTX496.94+0.105%SoDEX496.97+0.111%Lighter496.99+0.115%ApeX Omni497.01+0.119%Phoenix497.01+0.119%Orderly497.06+0.129%BloFin497.07+0.131%
Polymarket Perps
Nado
Aster
Lighter RH
Paradex
Ondo Perps
Bitget
Binance
Arcus
OKX
Vest
Extended
Deribit
Bybit
QFEX
HTX
SoDEX
Lighter
ApeX Omni
Phoenix
Orderly
BloFinAevo497.07+0.132%
Variational Omni497.08+0.132%Coinbase International497.09+0.135%edgeX497.19+0.155%Phemex497.65+0.248%SunX497.82+0.282%Injective498.44+0.407%
Variational Omni
Coinbase International
Phemex
SunX
InjectiveMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTM | −0.131% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.119% | +0.0050% | 1h | $21.9M | $8.5M | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.119% | +0.0008% | 1h | $40K | — | 20x | as long as short |
| Gate MSFT_USDTshort | −0.091% | 0.0000% | 8h | $3.1M | $1.3M | 100x | |
| Polymarket Perps MSFT-USD | −0.091% | +0.0050% | 1h | $301K | $444K | 10x | as long as short |
| Nado MSFT-PERP | −0.082% | +0.0007% | 1h | $461K | $5K | 20x | as long as short |
| Aster MSFTUSDT | −0.067% | 0.0000% | 8h | $156K | $80K | 20x | as long as short |
| Lighter RH MSFT | −0.063% | +0.0032% | 1h | $668K | $2.1M | 20x | as long as short |
| Paradex MSFT-USD-PERP | −0.056% | +0.0050% | 8h | $219 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | −0.055% | +0.0050% | 1h | $508K | $450K | 15x | as long as short |