Spread before costs (cost unknown: a leg has no order-book sample)+0.003%
7d average—if it closes, per $10,000$0funding while held, a day+$2.71
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSFT-USDT | 499.22 | 0.0014 | pay 0.0014% / 8h | 5h 51m | $194K | $186K | 20x |
| Short | Aevo MSFT-PERP | 499.23 | 0.0104 | get 0.0013% / 1h | 51m 57s | $55 | — | 10x |
BloFin MSFT-USDT
Aevo MSFT-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
- $0.3
- Funding while held
- $2.71
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$24.99
- Spread needed to break even
- 0.280%
Slippage unknown: BloFin: live order book, 39 min ago; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0090%
- Per $10,000 a day
- +$2.71
- 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 BloFin live order book, 39 min ago | 0.30 bp | 8.3 bp −$8 | 11.3 bp −$113 | 25.4 bp −$2,545 | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 International497.09cheapestKuCoin498.65+0.314%ApeX Omni498.72+0.328%Polymarket Perps498.72+0.328%Hotstuff498.76+0.336%Nado498.78+0.339%Ondo Perps498.78+0.340%tradeXYZ498.87+0.358%Gate498.97+0.378%Phoenix498.97+0.378%Vest499.02+0.388%Paradex499.02+0.389%OKX499.03+0.390%HTX499.03+0.390%Arcus499.09+0.402%Deribit499.10+0.404%QFEX499.11+0.406%Lighter RH499.13+0.410%Bitget499.13+0.410%Extended499.15+0.415%Aster499.16+0.416%Orderly499.17+0.418%SoDEX499.18+0.420%
Coinbase International
KuCoin
ApeX Omni
Polymarket Perps
Hotstuff
Nado
Ondo Perps
tradeXYZ
Gate
Phoenix
Vest
Paradex
OKX
HTX
Arcus
Deribit
QFEX
Lighter RH
Bitget
Extended
Aster
Orderly
SoDEXBloFin499.22+0.428%
edgeX499.23+0.430%Aevo499.23+0.431%
Binance499.24+0.433%Bybit499.28+0.441%Variational Omni499.28+0.441%Lighter499.36+0.457%Phemex499.38+0.461%SunX499.94+0.573%Injective500.11+0.608%
Binance
Bybit
Variational Omni
Lighter
Phemex
SunX
InjectiveMSFT 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 | −0.427% | −0.0056% | 1h | $675K | $352K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.114% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.100% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| Polymarket Perps MSFT-USD | −0.100% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.092% | +0.0016% | 1h | $40K | — | 20x | as long as short |
| Nado MSFT-PERP | −0.089% | −0.0014% | 1h | $447K | $24K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.088% | +0.0050% | 1h | $510K | $451K | 15x | as long as short |
| tradeXYZ xyz:MSFT | −0.070% | +0.0050% | 1h | $21.8M | $8.6M | 20x | as long as short |
| Gate MSFT_USDT | −0.050% | 0.0000% | 8h | $3.1M | $1.4M | 100x | as long as short |
| Phoenix MSFT | −0.050% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest MSFT-USD-PERP | −0.040% | +0.0046% | 1h | — | — | 25x | as long as short |
| Paradex MSFT-USD-PERP | −0.039% | +0.0050% | 8h | $220 | — | 5x | as long as short |
| OKX MSFT-USDT-SWAP | −0.038% | 0.0000% | 8h | $3.1M | $2.1M | 20x | as long as short |
| HTX MSFT-USDT | −0.038% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| Arcus MSFT-USD | −0.026% | +0.0573% | 1h | $111K | $75K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.024% | 0.0000% | 1h | $27K | $114K | 10x | as long as short |
| QFEX MSFT-USD | −0.022% | +0.0044% | 1h | $1.2M | $4.6M | 10x | as long as short |
| Lighter RH MSFT | −0.018% | +0.0032% | 1h | $679K | $2.1M | 20x | as long as short |
| Bitget MSFTUSDT | −0.018% | +0.0004% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Extended MSFT_24_5-USD | −0.014% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Aster MSFTUSDT | −0.012% | 0.0000% | 8h | $157K | $80K | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.010% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| SoDEX MSFT-USD | −0.008% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| BloFin MSFT-USDTlong | 0.000% | +0.0014% | 8h | $194K | $186K | 20x | |
| edgeX MSFTUSDC | +0.002% | +0.0411% | 4h | $102K | $244K | 10x | as long as short |
| Aevo MSFT-PERPshort | +0.003% | +0.0104% | 1h | $55 | — | 10x | |
| Binance MSFTUSDT | +0.004% | 0.0000% | 8h | $15.6M | $16.7M | 20x | as long as short |
| Bybit MSFTUSDT | +0.012% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| Variational Omni MSFT | +0.013% | 0.0000% | 8h | $1.3M | $719K | — | as long as short |
| Lighter MSFT | +0.028% | +0.0080% | 1h | $1.1M | $537K | 20x | as long as short |
| Phemex MSFTUSDT | +0.032% | 0.0000% | 8h | $2.1M | $643K | 10x | as long as short |
| SunX MSFT-USDT | +0.144% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.178% | +0.0220% | 1h | $115K | $88K | 30x | as long as short |