Spread before costs (cost unknown: a leg has no order-book sample)−0.091%
7d average−0.107%if it closes, per $10,000$9funding while held, a day+$1.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSFTUSDT | 494.44 | 0 | get 0.0000% / 8h | 7h 49m | $155K | $80K | 20x |
| Short | Ondo Perps MSFT-USD.P | 493.99 | 0.0050 | get 0.0006% / 1h | 49m 35s | $534K | $383K | 15x |
Aster MSFTUSDT
Ondo Perps MSFT-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
- −$9.11
- Funding while held
- $1.51
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$20.6
- Spread needed to break even
- 0.130%
Slippage unknown: Aster: live order book, 58 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 Aster live order book, 58 min ago | 1.22 bp | 12.9 bp −$13 | doesn't fit | 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.
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International493.02cheapest
Coinbase InternationalOndo Perps493.99+0.197%
KuCoin494.07+0.213%Phoenix494.34+0.268%tradeXYZ494.38+0.276%Hotstuff494.38+0.276%Polymarket Perps494.40+0.280%Injective494.42+0.284%Gate494.43+0.286%
KuCoin
Phoenix
tradeXYZ
Hotstuff
Polymarket Perps
Injective
GateAster494.44+0.288%
Lighter RH494.48+0.296%ApeX Omni494.53+0.306%Vest494.54+0.308%QFEX494.56+0.312%OKX494.57+0.314%BloFin494.57+0.314%Nado494.60+0.320%Paradex494.61+0.322%Arcus494.61+0.323%HTX494.62+0.325%Lighter494.63+0.327%Deribit494.63+0.327%Bybit494.64+0.329%Extended494.65+0.330%Binance494.65+0.331%Orderly494.67+0.335%Aevo494.67+0.335%Bitget494.68+0.337%SoDEX494.70+0.341%Variational Omni494.70+0.341%Phemex494.74+0.349%edgeX494.87+0.375%SunX495.53+0.509%
Lighter RH
ApeX Omni
Vest
QFEX
OKX
BloFin
Nado
Paradex
Arcus
HTX
Lighter
Deribit
Bybit
Extended
Binance
Orderly
Aevo
Bitget
SoDEX
Variational Omni
Phemex
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.287% | 0.0000% | 1h | $664K | $337K | 10x | as long as short |
| Ondo Perps MSFT-USD.Pshort | −0.091% | +0.0050% | 1h | $534K | $383K | 15x | |
| KuCoin MSFTUSDTM | −0.075% | +0.0100% | 8h | $1.5M | $7K | 20x | as long as short |
| Phoenix MSFT | −0.020% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.012% | +0.0050% | 1h | $21.9M | $7.5M | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.012% | +0.0064% | 1h | $40K | — | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.008% | +0.0050% | 1h | $288K | $478K | 10x | as long as short |
| Injective MSFT/USDC PERP | −0.004% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| Gate MSFT_USDT | −0.002% | 0.0000% | 8h | $3.1M | $1.2M | 100x | as long as short |
| Aster MSFTUSDTlong | 0.000% | 0.0000% | 8h | $155K | $80K | 20x |