Spread before costs (cost unknown: a leg has no order-book sample)−0.078%
7d average—if it closes, per $10,000$8funding while held, a day+$1.94
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSFTUSDT | 493.59 | 0 | get 0.0000% / 8h | 46m 43s | $151K | $76K | 20x |
| Short | Phoenix MSFT | 493.20 | 0.0065 | get 0.0008% / 1h | 46m 43s | $10K | $15K | 20x |
Aster MSFTUSDT
Phoenix MSFTPrice 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
- −$7.82
- Funding while held
- $1.94
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$20.88
- Spread needed to break even
- 0.150%
Slippage unknown: Aster: live order book, 1 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0065%
- Per $10,000 a day
- +$1.94
- 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, 1 min ago | 1.22 bp | 12.9 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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.tradeXYZ492.95cheapestOndo Perps492.99+0.008%Hotstuff492.99+0.008%ApeX Omni493.07+0.024%Polymarket Perps493.08+0.026%Vest493.16+0.043%KuCoin493.17+0.045%
tradeXYZ
Ondo Perps
Hotstuff
ApeX Omni
Polymarket Perps
Vest
KuCoinPhoenix493.20+0.051%
Nado493.22+0.054%Gate493.26+0.063%Lighter RH493.28+0.067%Paradex493.30+0.070%Arcus493.33+0.077%OKX493.37+0.085%Lighter493.39+0.089%Deribit493.39+0.089%Bybit493.40+0.091%Bitget493.40+0.091%Extended493.47+0.105%QFEX493.47+0.105%Orderly493.49+0.110%SoDEX493.51+0.114%Binance493.54+0.119%HTX493.54+0.120%Aevo493.54+0.120%
Nado
Gate
Lighter RH
Paradex
Arcus
OKX
Lighter
Deribit
Bybit
Bitget
Extended
QFEX
Orderly
SoDEX
Binance
HTX
AevoAster493.59+0.129%
Injective493.59+0.130%BloFin493.64+0.140%edgeX493.65+0.142%Variational Omni493.70+0.153%Phemex493.84+0.181%Coinbase International493.89+0.191%SunX494.41+0.296%
Injective
BloFin
Variational Omni
Phemex
Coinbase International
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSFT | −0.129% | +0.0050% | 1h | $23.1M | $6.1M | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.121% | +0.0050% | 1h | $536K | $371K | 15x | as long as short |
| Hotstuff MSFT-PERP | −0.121% | +0.0032% | 1h | $40K | — | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.105% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Polymarket Perps MSFT-USD | −0.103% | +0.0050% | 1h | $288K | $470K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.086% | +0.0046% | 1h | — | — | 25x | as long as short |
| KuCoin MSFTUSDTM | −0.084% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| Phoenix MSFTshort | −0.078% | +0.0065% | 1h | $10K | $15K | 20x | |
| Nado MSFT-PERP | −0.074% | −0.0008% | 1h | $458K | $4K | 20x | as long as short |
| Gate MSFT_USDT | −0.066% | 0.0000% | 8h | $3.0M | $1.0M | 100x | as long as short |