Spread before costs (cost unknown: a leg has no order-book sample)−0.063%
7d average—if it closes, per $10,000$6funding while held, a day+$1.64
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSFT-USDT | 494.44 | 0.0001 | pay 0.0001% / 8h | 7h 46m | $195K | $159K | 20x |
| Short | Hotstuff MSFT-PERP | 494.13 | 0.0056 | get 0.0007% / 1h | 46m 10s | $40K | — | 20x |
BloFin MSFT-USDT
Hotstuff 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
- −$6.27
- Funding while held
- $1.64
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$21.63
- Spread needed to break even
- 0.170%
Slippage unknown: BloFin: live order book, 55 min ago; Hotstuff: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0055%
- Per $10,000 a day
- +$1.64
- 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, 55 min ago | 0.10 bp | 9.1 bp −$9 | 11.5 bp −$115 | 23.6 bp −$2,361 | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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 International493.02cheapestKuCoin493.86+0.170%Polymarket Perps493.94+0.187%Ondo Perps494.02+0.203%tradeXYZ494.04+0.207%ApeX Omni494.10+0.219%Gate494.12+0.223%
Coinbase International
KuCoin
Polymarket Perps
Ondo Perps
tradeXYZ
ApeX Omni
GateHotstuff494.13+0.225%
Nado494.20+0.239%Vest494.21+0.241%Paradex494.24+0.248%Lighter RH494.28+0.256%Deribit494.29+0.258%Binance494.30+0.259%Phoenix494.30+0.260%OKX494.33+0.266%Bybit494.34+0.268%Aster494.36+0.272%SoDEX494.36+0.272%Lighter494.38+0.276%QFEX494.38+0.276%HTX494.38+0.276%Injective494.42+0.284%Extended494.43+0.287%Phemex494.44+0.288%
Nado
Vest
Paradex
Lighter RH
Deribit
Binance
Phoenix
OKX
Bybit
Aster
SoDEX
Lighter
QFEX
HTX
Injective
Extended
PhemexBloFin494.44+0.288%
Aevo494.44+0.289%Bitget494.45+0.290%Orderly494.45+0.290%Arcus494.50+0.300%edgeX494.67+0.335%Variational Omni494.70+0.341%SunX495.07+0.416%
Aevo
Bitget
Orderly
Arcus
Variational Omni
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 | −0.287% | 0.0000% | 1h | $664K | $337K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.117% | +0.0100% | 8h | $1.5M | $7K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.101% | +0.0050% | 1h | $288K | $478K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.085% | +0.0050% | 1h | $533K | $384K | 15x | as long as short |
| tradeXYZ xyz:MSFT | −0.081% | +0.0050% | 1h | $21.9M | $7.5M | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.069% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Gate MSFT_USDT | −0.065% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
| Hotstuff MSFT-PERPshort | −0.063% | +0.0056% | 1h | $40K | — | 20x | |
| Nado MSFT-PERP | −0.049% | −0.0028% | 1h | $459K | $5K | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.047% | +0.0046% | 1h | — | — | 25x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MSFT-USD-PERP | −0.040% | +0.0051% | 8h | $217 | — | 5x | as long as short |
| Lighter RH MSFT | −0.032% | +0.0032% | 1h | $676K | $2.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.030% | 0.0000% | 1h | $27K | $109K | 10x | as long as short |
| Binance MSFTUSDT | −0.029% | +0.0016% | 8h | $15.6M | $14.5M | 20x | as long as short |
| Phoenix MSFT | −0.028% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | −0.022% | 0.0000% | 8h | $3.1M | $1.5M | 20x | as long as short |
| Bybit MSFTUSDT | −0.020% | 0.0000% | 8h | $7.4M | $1.2M | 100x | as long as short |
| Aster MSFTUSDT | −0.016% | 0.0000% | 8h | $155K | $80K | 20x | as long as short |
| SoDEX MSFT-USD | −0.016% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Lighter MSFT | −0.012% | +0.0032% | 1h | $1.1M | $535K | 20x | as long as short |
| QFEX MSFT-USD | −0.012% | +0.0042% | 1h | $1.1M | $3.8M | 10x | as long as short |
| HTX MSFT-USDT | −0.012% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Injective MSFT/USDC PERP | −0.004% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| Extended MSFT_24_5-USD | −0.002% | +0.0016% | 1h | $327K | $380K | 17x | as long as short |
| Phemex MSFTUSDT | 0.000% | 0.0000% | 8h | $2.1M | $533K | 10x | as long as short |
| BloFin MSFT-USDTlong | 0.000% | +0.0001% | 8h | $195K | $159K | 20x | |
| Aevo MSFT-PERP | +0.001% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Bitget MSFTUSDT | +0.002% | +0.0001% | 8h | $3.8M | $1.6M | 100x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.002% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Arcus MSFT-USD | +0.012% | +0.0442% | 1h | $112K | $50K | 10x | as long as short |
| edgeX MSFTUSDC | +0.047% | −0.0038% | 4h | $101K | $245K | 10x | as long as short |
| Variational Omni MSFT | +0.053% | 0.0000% | 8h | $1.2M | $705K | — | as long as short |
| SunX MSFT-USDT | +0.127% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |