Spread before costs (cost unknown: a leg has no order-book sample)+0.023%
7d average−0.003%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 | Bitget MSFTUSDT | 495.40 | 0 | get 0.0000% / 8h | 7h 20m | $3.6M | $1.7M | 100x |
| Short | Variational Omni MSFT | 495.51 | 0 | get 0.0000% / 8h | 7h 20m | $1.2M | $706K | — |
Bitget 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
- $2.27
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$9.73
- Spread needed to break even
- 0.120%
Slippage unknown: Bitget: live order book, 3 min ago; Variational Omni: RFQ quote, 5 min ago. 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 Bitget live order book, 3 min ago | 1.31 bp | 8.6 bp −$9 | 11.5 bp −$115 | 37.2 bp −$3,718 | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 2.53 bp | doesn't fit | 11.0 bp −$110 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Polymarket Perps494.59cheapestOndo Perps494.82+0.047%KuCoin494.89+0.061%Nado494.93+0.068%Vest494.93+0.069%Coinbase International495.00+0.083%Paradex495.07+0.097%OKX495.07+0.097%QFEX495.11+0.105%HTX495.11+0.105%tradeXYZ495.15+0.113%Hotstuff495.16+0.115%Gate495.21+0.125%Orderly495.23+0.129%Aevo495.24+0.131%Arcus495.26+0.135%Deribit495.28+0.140%SoDEX495.37+0.158%Lighter RH495.38+0.160%Lighter495.39+0.162%
Polymarket Perps
Ondo Perps
KuCoin
Nado
Vest
Coinbase International
Paradex
OKX
QFEX
HTX
tradeXYZ
Hotstuff
Gate
Orderly
Aevo
Arcus
Deribit
SoDEX
Lighter RH
LighterBitget495.40+0.164%
ApeX Omni495.40+0.164%BloFin495.47+0.178%Extended495.47+0.178%Bybit495.51+0.186%Phemex495.51+0.186%
ApeX Omni
BloFin
Extended
Bybit
PhemexVariational Omni495.51+0.187%
Phoenix495.56+0.196%Binance495.57+0.199%edgeX495.75+0.235%Injective495.84+0.253%Aster495.88+0.261%SunX496.22+0.330%
Phoenix
Binance
Injective
Aster
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MSFT-USD | −0.164% | +0.0050% | 1h | $300K | $494K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.117% | +0.0050% | 1h | $529K | $405K | 15x | as long as short |
| KuCoin MSFTUSDTM | −0.103% | +0.0100% | 8h | $1.4M | $9K | 20x | as long as short |
| Nado MSFT-PERP | −0.095% | −0.0005% | 1h | $460K | $5K | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.095% | +0.0046% | 1h | — | — | 25x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.081% | 0.0000% | 1h | $667K | $339K | 10x | as long as short |
| Paradex MSFT-USD-PERP | −0.067% | +0.0051% | 8h | $218 | — | 5x | as long as short |
| OKX MSFT-USDT-SWAP | −0.067% | 0.0000% | 8h | $3.0M | $1.6M | 20x | as long as short |
| QFEX MSFT-USD | −0.059% | +0.0042% | 1h | $1.1M | $4.0M | 10x | as long as short |
| HTX MSFT-USDT | −0.059% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSFT | −0.050% | +0.0050% | 1h | $22.2M | $7.8M | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.048% | −0.0184% | 1h | $40K | — | 20x | as long as short |
| Gate MSFT_USDT | −0.038% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.034% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | −0.033% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Arcus MSFT-USD | −0.028% | +0.0442% | 1h | $112K | $52K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.024% | 0.0000% | 1h | $27K | $111K | 10x | as long as short |
| SoDEX MSFT-USD | −0.006% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Lighter RH MSFT | −0.004% | +0.0032% | 1h | $654K | $2.1M | 20x | as long as short |
| Lighter MSFT | −0.002% | +0.0032% | 1h | $1.1M | $539K | 20x | as long as short |
| Bitget MSFTUSDTlong | 0.000% | 0.0000% | 8h | $3.6M | $1.7M | 100x | |
| ApeX Omni MSFTUSDT | 0.000% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| BloFin MSFT-USDT | +0.014% | +0.0019% | 8h | $147K | $166K | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.014% | +0.0008% | 1h | $329K | $380K | 17x | as long as short |
| Bybit MSFTUSDT | +0.022% | 0.0000% | 8h | $7.3M | $1.3M | 100x | as long as short |
| Phemex MSFTUSDT | +0.022% | 0.0000% | 8h | $2.1M | $560K | 10x | as long as short |
| Variational Omni MSFTshort | +0.023% | 0.0000% | 8h | $1.2M | $706K | — | |
| Phoenix MSFT | +0.032% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| Binance MSFTUSDT | +0.035% | +0.0006% | 8h | $15.7M | $15.0M | 20x | as long as short |
| edgeX MSFTUSDC | +0.071% | +0.0492% | 4h | $101K | $244K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.089% | +0.0220% | 1h | $114K | $154K | 30x | as long as short |
| Aster MSFTUSDT | +0.097% | 0.0000% | 8h | $156K | $80K | 20x | as long as short |
| SunX MSFT-USDT | +0.166% | 0.0000% | 8h | $6K | $4.4M | 20x | as long as short |