Spread before costs (cost unknown: a leg has no order-book sample)+0.056%
7d average—if it closes, per $10,000$6funding while held, a day+$1.37
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSFTUSDT | 498.69 | 0 | get 0.0000% / 8h | 6h 05m | $157K | $80K | 20x |
| Short | Vest MSFT-USD-PERP | 498.97 | 0.0046 | get 0.0006% / 1h | 5m 13s | — | — | 25x |
Aster MSFTUSDT
Vest MSFT-USD-PERPPrice 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
- $5.61
- Funding while held
- $1.37
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$3.01
- Spread needed to break even
- 0.100%
Slippage unknown: Aster: live order book, 33 min ago; Vest: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0046%
- Per $10,000 a day
- +$1.37
- 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, 33 min ago | 12.54 bp | 22.2 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 International497.09cheapestApeX Omni498.04+0.191%Ondo Perps498.27+0.237%Hotstuff498.33+0.249%Phoenix498.53+0.290%KuCoin498.55+0.294%
Coinbase International
ApeX Omni
Ondo Perps
Hotstuff
Phoenix
KuCoinAster498.69+0.322%
Polymarket Perps498.69+0.322%tradeXYZ498.74+0.332%Gate498.74+0.332%Variational Omni498.77+0.337%edgeX498.82+0.347%Injective498.82+0.348%Nado498.92+0.368%
Polymarket Perps
tradeXYZ
Gate
Variational Omni
Injective
NadoVest498.97+0.378%
HTX499.04+0.392%Lighter RH499.05+0.394%Bitget499.05+0.394%SoDEX499.06+0.396%Arcus499.07+0.398%Bybit499.08+0.400%Binance499.10+0.404%Extended499.10+0.405%Aevo499.11+0.406%Paradex499.13+0.410%QFEX499.13+0.410%Deribit499.13+0.410%OKX499.14+0.412%Orderly499.21+0.426%BloFin499.22+0.428%Lighter499.24+0.433%Phemex499.27+0.439%SunX499.87+0.559%
HTX
Lighter RH
Bitget
SoDEX
Arcus
Bybit
Binance
Extended
Aevo
Paradex
QFEX
Deribit
OKX
Orderly
BloFin
Lighter
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 | −0.321% | −0.0056% | 1h | $675K | $353K | 10x | as long as short |
| ApeX Omni MSFTUSDT | −0.130% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| Ondo Perps MSFT-USD.P | −0.084% | +0.0050% | 1h | $510K | $451K | 15x | as long as short |
| Hotstuff MSFT-PERP | −0.072% | +0.0168% | 1h | $40K | — | 20x | as long as short |
| Phoenix MSFT | −0.032% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.028% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| Aster MSFTUSDTlong | 0.000% | 0.0000% | 8h | $157K | $80K | 20x | |
| Polymarket Perps MSFT-USD | 0.000% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.010% | +0.0050% | 1h | $21.8M | $8.6M | 20x | as long as short |
| Gate MSFT_USDT | +0.010% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | +0.016% | 0.0000% | 8h | $1.3M | $719K | — | as long as short |
| edgeX MSFTUSDC | +0.025% | −0.0202% | 4h | $101K | $244K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.026% | +0.0220% | 1h | $114K | $125K | 30x | as long as short |
| Nado MSFT-PERP | +0.046% | −0.0002% | 1h | $461K | $6K | 20x | as long as short |
| Vest MSFT-USD-PERPshort | +0.056% | +0.0046% | 1h | — | — | 25x | |
| HTX MSFT-USDT | +0.070% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| Lighter RH MSFT | +0.072% | +0.0032% | 1h | $655K | $2.1M | 20x | as long as short |
| Bitget MSFTUSDT | +0.072% | 0.0000% | 8h | $3.7M | $1.7M | 100x | as long as short |
| SoDEX MSFT-USD | +0.074% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Arcus MSFT-USD | +0.076% | +0.0577% | 1h | $111K | $75K | 10x | as long as short |
| Bybit MSFTUSDT | +0.078% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| Binance MSFTUSDT | +0.082% | 0.0000% | 8h | $15.7M | $16.6M | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.083% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Aevo MSFT-PERP | +0.084% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.088% | +0.0050% | 8h | $220 | — | 5x | as long as short |
| QFEX MSFT-USD | +0.088% | +0.0028% | 1h | $1.2M | $4.5M | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.088% | +0.0011% | 1h | $27K | $113K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.090% | 0.0000% | 8h | $3.1M | $2.1M | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.104% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| BloFin MSFT-USDT | +0.106% | +0.0011% | 8h | $193K | $182K | 20x | as long as short |
| Lighter MSFT | +0.110% | +0.0040% | 1h | $1.1M | $544K | 20x | as long as short |
| Phemex MSFTUSDT | +0.116% | 0.0000% | 8h | $2.1M | $632K | 10x | as long as short |
| SunX MSFT-USDT | +0.237% | 0.0000% | 8h | $6K | $4.4M | 20x | as long as short |