Spread before costs (cost unknown: a leg has no order-book sample)+0.020%
7d average−0.004%if it closes, per $10,000$2funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MSFTUSDT | 493.40 | 0 | get 0.0000% / 8h | 45m 16s | $15.8M | $12.9M | 20x |
| Short | Variational Omni MSFT | 493.50 | 0 | get 0.0000% / 8h | 45m 16s | $1.2M | $686K | — |
Binance MSFTUSDT
Variational Omni 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
- $1.99
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$8.01
- Spread needed to break even
- 0.100%
Slippage unknown: Binance: live order book, 12 min ago; Variational Omni: RFQ quote, just now. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Binance live order book, 12 min ago | 0.10 bp | 6.6 bp −$7 | 9.0 bp −$90 | 39.3 bp −$3,932 | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 2.53 bp | doesn't fit | 10.0 bp −$100 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.tradeXYZ492.86cheapestPolymarket Perps492.86cheapestVest492.93+0.014%Nado492.95+0.019%Hotstuff492.96+0.020%KuCoin492.97+0.022%Ondo Perps492.99+0.026%Paradex493.06+0.041%ApeX Omni493.07+0.043%Lighter RH493.08+0.045%Gate493.10+0.049%Deribit493.13+0.055%OKX493.15+0.059%Arcus493.16+0.061%Phoenix493.20+0.069%Orderly493.22+0.073%Aster493.22+0.073%QFEX493.24+0.077%Bitget493.26+0.081%Aevo493.26+0.082%SoDEX493.28+0.085%HTX493.28+0.085%Bybit493.31+0.091%Lighter493.32+0.093%Extended493.34+0.097%
tradeXYZ
Polymarket Perps
Vest
Nado
Hotstuff
KuCoin
Ondo Perps
Paradex
ApeX Omni
Lighter RH
Gate
Deribit
OKX
Arcus
Phoenix
Orderly
Aster
QFEX
Bitget
Aevo
SoDEX
HTX
Bybit
Lighter
ExtendedBinance493.40+0.110%
Variational Omni493.50+0.129%
Injective493.59+0.148%BloFin493.64+0.158%edgeX493.65+0.160%Phemex493.81+0.193%Coinbase International493.89+0.209%SunX494.15+0.262%
Injective
BloFin
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 | −0.109% | +0.0050% | 1h | $23.1M | $6.1M | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.109% | +0.0050% | 1h | $288K | $470K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.095% | +0.0046% | 1h | — | — | 25x | as long as short |
| Nado MSFT-PERP | −0.091% | −0.0006% | 1h | $458K | $4K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.089% | +0.0016% | 1h | $40K | — | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.087% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.083% | +0.0050% | 1h | $536K | $371K | 15x | as long as short |
| Paradex MSFT-USD-PERP | −0.069% | +0.0052% | 8h | $217 | — | 5x | as long as short |
| ApeX Omni MSFTUSDT | −0.067% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Lighter RH MSFT | −0.065% | +0.0032% | 1h | $677K | $2.0M | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | −0.061% | 0.0000% | 8h | $3.0M | $1.0M | 100x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.055% | 0.0000% | 1h | $27K | $103K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | −0.051% | 0.0000% | 8h | $3.1M | $1.4M | 20x | as long as short |
| Arcus MSFT-USD | −0.049% | +0.0325% | 1h | $112K | $48K | 10x | as long as short |
| Phoenix MSFT | −0.041% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.036% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Aster MSFTUSDT | −0.036% | 0.0000% | 8h | $151K | $76K | 20x | as long as short |
| QFEX MSFT-USD | −0.032% | +0.0052% | 1h | $1.1M | $3.3M | 10x | as long as short |
| Bitget MSFTUSDT | −0.028% | 0.0000% | 8h | $3.7M | $1.6M | 100x | as long as short |
| Aevo MSFT-PERP | −0.028% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| SoDEX MSFT-USD | −0.024% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| HTX MSFT-USDT | −0.024% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Bybit MSFTUSDT | −0.018% | 0.0000% | 8h | $7.3M | $1.0M | 100x | as long as short |
| Lighter MSFT | −0.016% | +0.0032% | 1h | $1.1M | $529K | 20x | as long as short |
| Extended MSFT_24_5-USD | −0.013% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| Binance MSFTUSDTlong | 0.000% | 0.0000% | 8h | $15.8M | $12.9M | 20x | |
| Variational Omni MSFTshort | +0.020% | 0.0000% | 8h | $1.2M | $686K | — | |
| Injective MSFT/USDC PERP | +0.039% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| BloFin MSFT-USDT | +0.049% | +0.0011% | 8h | $193K | $139K | 20x | as long as short |
| edgeX MSFTUSDC | +0.050% | −0.0553% | 4h | $100K | $244K | 10x | as long as short |
| Phemex MSFTUSDT | +0.083% | 0.0000% | 8h | $2.1M | $474K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.099% | −0.0008% | 1h | $663K | $332K | 10x | as long as short |
| SunX MSFT-USDT | +0.152% | 0.0000% | 8h | $6K | $3.8M | 20x | as long as short |