Spread before costs (cost unknown: a leg has no order-book sample)−0.010%
7d average—if it closes, per $10,000$1funding while held, a day+$2.93
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSFT-USDT | 494.18 | 0.0002 | pay 0.0002% / 8h | 7h 41m | $195K | $161K | 20x |
| Short | Orderly PERP_MSFT_USDC_mythos | 494.13 | 0.0100 | get 0.0100% / 8h | 7h 41m | $8K | — | 10x |
BloFin MSFT-USDT
Orderly PERP_MSFT_USDC_mythosPrice 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
- −$1.01
- Funding while held
- $2.93
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$16.09
- Spread needed to break even
- 0.180%
Slippage unknown: BloFin: live order book, 60 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0098%
- Per $10,000 a day
- +$2.93
- 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, 60 min ago | 0.10 bp | 9.1 bp −$9 | 11.5 bp −$115 | 23.6 bp −$2,361 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 International493.02cheapestKuCoin493.46+0.089%Polymarket Perps493.70+0.138%Ondo Perps493.71+0.140%Nado493.76+0.150%Hotstuff493.76+0.150%tradeXYZ493.77+0.152%Gate493.83+0.164%Vest493.88+0.174%Lighter RH493.90+0.178%Paradex493.96+0.190%HTX493.98+0.195%Extended493.99+0.196%Lighter493.99+0.197%Deribit494.00+0.199%ApeX Omni494.03+0.205%Binance494.06+0.210%QFEX494.07+0.213%Bybit494.08+0.215%edgeX494.08+0.215%Bitget494.09+0.217%SoDEX494.09+0.217%Aevo494.10+0.219%OKX494.11+0.221%
Coinbase International
KuCoin
Polymarket Perps
Ondo Perps
Nado
Hotstuff
tradeXYZ
Gate
Vest
Lighter RH
Paradex
HTX
Extended
Lighter
Deribit
ApeX Omni
Binance
QFEX
Bybit
Bitget
SoDEX
Aevo
OKXOrderly494.13+0.225%
Arcus494.14+0.227%Phemex494.14+0.227%
Arcus
PhemexBloFin494.18+0.235%
Phoenix494.30+0.260%Aster494.36+0.272%Injective494.42+0.284%Variational Omni494.44+0.287%SunX494.91+0.383%
Phoenix
Aster
Injective
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 | −0.235% | 0.0000% | 1h | $664K | $337K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.146% | +0.0100% | 8h | $1.5M | $7K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.097% | +0.0050% | 1h | $288K | $479K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.095% | +0.0050% | 1h | $533K | $384K | 15x | as long as short |
| Nado MSFT-PERP | −0.085% | −0.0025% | 1h | $459K | $5K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.085% | −0.0032% | 1h | $40K | — | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.083% | +0.0050% | 1h | $22.1M | $7.7M | 20x | as long as short |
| Gate MSFT_USDT | −0.071% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
| Vest MSFT-USD-PERP | −0.061% | +0.0046% | 1h | — | — | 25x | as long as short |
| Lighter RH MSFT | −0.057% | +0.0032% | 1h | $655K | $2.1M | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MSFT-USD-PERP | −0.045% | +0.0051% | 8h | $217 | — | 5x | as long as short |
| HTX MSFT-USDT | −0.040% | 0.0000% | 8h | $58K | $232K | 20x | as long as short |
| Extended MSFT_24_5-USD | −0.039% | +0.0016% | 1h | $327K | $380K | 17x | as long as short |
| Lighter MSFT | −0.038% | +0.0032% | 1h | $1.1M | $535K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.036% | 0.0000% | 1h | $27K | $109K | 10x | as long as short |
| ApeX Omni MSFTUSDT | −0.030% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Binance MSFTUSDT | −0.025% | +0.0013% | 8h | $15.6M | $14.5M | 20x | as long as short |
| QFEX MSFT-USD | −0.022% | +0.0042% | 1h | $1.1M | $3.9M | 10x | as long as short |
| Bybit MSFTUSDT | −0.020% | 0.0000% | 8h | $7.4M | $1.2M | 100x | as long as short |
| edgeX MSFTUSDC | −0.020% | −0.0734% | 4h | $101K | $243K | 10x | as long as short |
| Bitget MSFTUSDT | −0.018% | +0.0001% | 8h | $3.7M | $1.6M | 100x | as long as short |
| SoDEX MSFT-USD | −0.018% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Aevo MSFT-PERP | −0.016% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| OKX MSFT-USDT-SWAP | −0.014% | 0.0000% | 8h | $3.1M | $1.5M | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythosshort | −0.010% | +0.0100% | 8h | $8K | — | 10x | |
| Arcus MSFT-USD | −0.008% | +0.0442% | 1h | $112K | $50K | 10x | as long as short |
| Phemex MSFTUSDT | −0.008% | 0.0000% | 8h | $2.1M | $538K | 10x | as long as short |
| BloFin MSFT-USDTlong | 0.000% | +0.0002% | 8h | $195K | $161K | 20x | |
| Phoenix MSFT | +0.024% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| Aster MSFTUSDT | +0.036% | 0.0000% | 8h | $155K | $80K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.049% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| Variational Omni MSFT | +0.052% | 0.0000% | 8h | $1.2M | $705K | — | as long as short |
| SunX MSFT-USDT | +0.148% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |