Spread before costs (cost unknown: a leg has no order-book sample)+0.006%
7d average—if it closes, per $10,000$1funding while held, a day−$2.27
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MSFT-PERP | 496.44 | 0.0104 | pay 0.0013% / 1h | 55m 32s | $55 | — | 10x |
| Short | QFEX MSFT-USD | 496.47 | 0.0028 | get 0.0004% / 1h | 55m 32s | $1.2M | $4.3M | 10x |
Aevo MSFT-PERP
QFEX MSFT-USDPrice 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
- $0.64
- Funding while held
- −$2.27
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$27.63
- Spread needed to break even
- 0.260%
Slippage unknown: Aevo: no order-book sample; QFEX: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0076%
- Per $10,000 a day
- −$2.27
- 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 QFEX live order book, 4 min ago | 1.91 bp | 6.9 bp −$7 | 8.0 bp −$80 | 11.9 bp −$1,190 | 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.Polymarket Perps496.03cheapestOndo Perps496.15+0.024%Coinbase International496.17+0.028%Nado496.21+0.037%tradeXYZ496.26+0.046%Hotstuff496.27+0.048%Gate496.27+0.048%Vest496.36+0.067%HTX496.36+0.067%Variational Omni496.42+0.078%KuCoin496.43+0.081%
Polymarket Perps
Ondo Perps
Coinbase International
Nado
tradeXYZ
Hotstuff
Gate
Vest
HTX
Variational Omni
KuCoinAevo496.44+0.082%
Deribit496.44+0.083%Lighter RH496.45+0.085%Orderly496.45+0.085%SoDEX496.46+0.087%
Deribit
Lighter RH
Orderly
SoDEXQFEX496.47+0.089%
OKX496.48+0.091%Paradex496.49+0.093%Bybit496.53+0.101%Binance496.54+0.103%Bitget496.55+0.105%Extended496.56+0.107%BloFin496.56+0.107%Phoenix496.58+0.111%Arcus496.59+0.113%edgeX496.59+0.113%Lighter496.63+0.121%ApeX Omni496.67+0.129%Injective496.71+0.137%Aster496.74+0.143%Phemex496.76+0.147%SunX497.21+0.238%
OKX
Paradex
Bybit
Binance
Bitget
Extended
BloFin
Phoenix
Arcus
Lighter
ApeX Omni
Injective
Aster
Phemex
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MSFT-USD | −0.082% | +0.0050% | 1h | $301K | $443K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.058% | +0.0050% | 1h | $502K | $438K | 15x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.054% | −0.0056% | 1h | $668K | $343K | 10x | as long as short |
| Nado MSFT-PERP | −0.045% | −0.0003% | 1h | $461K | $5K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.036% | +0.0050% | 1h | $22.1M | $7.8M | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.034% | +0.0040% | 1h | $40K | — | 20x | as long as short |
| Gate MSFT_USDT | −0.034% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
| Vest MSFT-USD-PERP | −0.016% | +0.0046% | 1h | — | — | 25x | as long as short |
| HTX MSFT-USDT | −0.016% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Variational Omni MSFT | −0.004% | 0.0000% | 8h | $1.3M | $715K | — | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTM | −0.002% | +0.0100% | 8h | $1.5M | $9K | 20x | as long as short |
| Aevo MSFT-PERPlong | 0.000% | +0.0104% | 1h | $55 | — | 10x | |
| Deribit MSFT_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $27K | $113K | 10x | as long as short |
| Lighter RH MSFT | +0.002% | +0.0032% | 1h | $666K | $2.1M | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.002% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| SoDEX MSFT-USD | +0.004% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| QFEX MSFT-USDshort | +0.006% | +0.0028% | 1h | $1.2M | $4.3M | 10x | |
| OKX MSFT-USDT-SWAP | +0.008% | 0.0000% | 8h | $3.0M | $1.7M | 20x | as long as short |
| Paradex MSFT-USD-PERP | +0.011% | +0.0050% | 8h | $218 | — | 5x | as long as short |
| Bybit MSFTUSDT | +0.018% | 0.0000% | 8h | $7.3M | $1.4M | 100x | as long as short |
| Binance MSFTUSDT | +0.020% | 0.0000% | 8h | $15.7M | $15.4M | 20x | as long as short |
| Bitget MSFTUSDT | +0.023% | 0.0000% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Extended MSFT_24_5-USD | +0.025% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| BloFin MSFT-USDT | +0.025% | −0.0026% | 8h | $190K | $172K | 20x | as long as short |
| Phoenix MSFT | +0.029% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| Arcus MSFT-USD | +0.031% | +0.0577% | 1h | $112K | $52K | 10x | as long as short |
| edgeX MSFTUSDC | +0.031% | +0.0943% | 4h | $101K | $243K | 10x | as long as short |
| Lighter MSFT | +0.039% | +0.0032% | 1h | $1.1M | $540K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.047% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Injective MSFT/USDC PERP | +0.055% | +0.0220% | 1h | $114K | $125K | 30x | as long as short |
| Aster MSFTUSDT | +0.061% | 0.0000% | 8h | $156K | $80K | 20x | as long as short |
| Phemex MSFTUSDT | +0.065% | 0.0000% | 8h | $2.1M | $588K | 10x | as long as short |
| SunX MSFT-USDT | +0.155% | 0.0000% | 8h | $6K | $4.4M | 20x | as long as short |