Spread before costs (cost unknown: a leg has no order-book sample)+0.014%
7d average—if it closes, per $10,000$1funding while held, a day−$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSFTUSDT | 491.74 | 0.0100 | pay 0.0013% / 1h | 27m 12s | $157K | $7K | 50x |
| Short | SoDEX MSFT-USD | 491.81 | 0.0050 | get 0.0006% / 1h | 27m 12s | $59K | $3K | 10x |
ApeX Omni MSFTUSDT
SoDEX 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
- $1.42
- Funding while held
- −$1.5
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$18.08
- Spread needed to break even
- 0.180%
Slippage unknown: ApeX Omni: live order book, 20 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.50
- 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 ApeX Omni live order book, 20 min ago | 7.40 bp | 12.4 bp −$12 | 87.6 bp −$876 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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.KuCoin491.23cheapestPolymarket Perps491.36+0.026%Vest491.38+0.031%Ondo Perps491.40+0.035%Nado491.53+0.061%Deribit491.63+0.081%Paradex491.64+0.083%Orderly491.68+0.092%Arcus491.70+0.096%Extended491.71+0.097%Lighter RH491.72+0.100%QFEX491.72+0.100%HTX491.72+0.100%tradeXYZ491.73+0.102%
KuCoin
Polymarket Perps
Vest
Ondo Perps
Nado
Deribit
Paradex
Orderly
Arcus
Extended
Lighter RH
QFEX
HTX
tradeXYZApeX Omni491.74+0.104%
Aevo491.74+0.104%Phoenix491.76+0.108%
Aevo
PhoenixSoDEX491.81+0.118%
Hotstuff491.84+0.124%Bitget491.85+0.126%Gate491.87+0.130%Lighter491.88+0.132%OKX491.98+0.153%BloFin492.04+0.165%Bybit492.05+0.167%Aster492.12+0.181%Binance492.15+0.187%edgeX492.25+0.208%Phemex492.45+0.248%Variational Omni492.52+0.262%Injective492.52+0.263%SunX492.67+0.293%Coinbase International493.01+0.362%
Hotstuff
Bitget
Gate
Lighter
OKX
BloFin
Bybit
Aster
Binance
Phemex
Variational Omni
Injective
SunX
Coinbase InternationalMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTM | −0.104% | +0.0100% | 8h | $1.4M | $7K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.077% | +0.0050% | 1h | $287K | $472K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.073% | +0.0046% | 1h | — | — | 25x | as long as short |
| Ondo Perps MSFT-USD.P | −0.069% | +0.0050% | 1h | $535K | $373K | 15x | as long as short |
| Nado MSFT-PERP | −0.043% | +0.0004% | 1h | $457K | $4K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.022% | +0.0015% | 1h | $27K | $105K | 10x | as long as short |
| Paradex MSFT-USD-PERP | −0.020% | +0.0052% | 8h | $216 | — | 5x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.012% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Arcus MSFT-USD | −0.008% | +0.0325% | 1h | $112K | $48K | 10x | as long as short |
| Extended MSFT_24_5-USD | −0.007% | +0.0008% | 1h | $327K | $380K | 17x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH MSFT | −0.004% | +0.0032% | 1h | $679K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | −0.004% | +0.0052% | 1h | $1.1M | $3.5M | 10x | as long as short |
| HTX MSFT-USDT | −0.004% | 0.0000% | 8h | $57K | $229K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.002% | +0.0050% | 1h | $21.9M | $7.3M | 20x | as long as short |
| ApeX Omni MSFTUSDTlong | 0.000% | +0.0100% | 1h | $157K | $7K | 50x | |
| Aevo MSFT-PERP | 0.000% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Phoenix MSFT | +0.004% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| SoDEX MSFT-USDshort | +0.014% | +0.0050% | 1h | $59K | $3K | 10x | |
| Hotstuff MSFT-PERP | +0.020% | −0.0056% | 1h | $40K | — | 20x | as long as short |
| Bitget MSFTUSDT | +0.022% | 0.0000% | 8h | $3.7M | $1.6M | 100x | as long as short |
| Gate MSFT_USDT | +0.026% | 0.0000% | 8h | $3.0M | $1.1M | 100x | as long as short |
| Lighter MSFT | +0.028% | +0.0032% | 1h | $1.1M | $533K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.049% | 0.0000% | 8h | $3.1M | $1.4M | 20x | as long as short |
| BloFin MSFT-USDT | +0.061% | −0.0002% | 8h | $197K | $146K | 20x | as long as short |
| Bybit MSFTUSDT | +0.063% | 0.0000% | 8h | $7.4M | $1.1M | 100x | as long as short |
| Aster MSFTUSDT | +0.077% | 0.0000% | 8h | $154K | $80K | 20x | as long as short |
| Binance MSFTUSDT | +0.083% | +0.0005% | 8h | $15.6M | $13.5M | 20x | as long as short |
| edgeX MSFTUSDC | +0.104% | −0.0362% | 4h | $100K | $243K | 10x | as long as short |
| Phemex MSFTUSDT | +0.144% | 0.0000% | 8h | $2.1M | $493K | 10x | as long as short |
| Variational Omni MSFT | +0.158% | 0.0000% | 8h | $1.2M | $690K | — | as long as short |
| Injective MSFT/USDC PERP | +0.159% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| SunX MSFT-USDT | +0.189% | 0.0000% | 8h | $6K | $4.0M | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.258% | −0.0008% | 1h | $663K | $333K | 10x | as long as short |