Spread before costs (cost unknown: a leg has no order-book sample)+0.016%
7d average—if it closes, per $10,000$2funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MSFTUSDT | 493.95 | 0 | get 0.0000% / 8h | 1h 30m | $7.2M | $922K | 100x |
| Short | Orderly PERP_MSFT_USDC_mythos | 494.03 | 0.0100 | get 0.0100% / 8h | 1h 30m | $8K | — | 10x |
Bybit MSFTUSDT
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
- $1.62
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$12.38
- Spread needed to break even
- 0.170%
Slippage unknown: Bybit: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 Bybit live order book, 4 min ago | 0.91 bp | 11.2 bp −$11 | 17.8 bp −$178 | doesn't fit | 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.tradeXYZ493.57cheapestOndo Perps493.70+0.026%Polymarket Perps493.70+0.026%Coinbase International493.80+0.047%Lighter RH493.81+0.049%Vest493.87+0.061%Nado493.88+0.063%Arcus493.93+0.073%Deribit493.94+0.075%
tradeXYZ
Ondo Perps
Polymarket Perps
Coinbase International
Lighter RH
Vest
Nado
Arcus
DeribitBybit493.95+0.077%
KuCoin493.98+0.083%QFEX493.99+0.085%Paradex494.01+0.090%Lighter494.03+0.093%Aster494.03+0.093%
KuCoin
QFEX
Paradex
Lighter
AsterOrderly494.03+0.093%
Gate494.04+0.095%Bitget494.04+0.095%Binance494.11+0.109%SoDEX494.13+0.113%Aevo494.14+0.116%Extended494.15+0.117%HTX494.15+0.118%OKX494.16+0.120%ApeX Omni494.20+0.128%Variational Omni494.25+0.138%Hotstuff494.26+0.140%BloFin494.33+0.154%Phoenix494.48+0.184%edgeX494.59+0.206%Phemex494.66+0.221%Injective494.74+0.237%SunX495.15+0.320%
Gate
Bitget
Binance
SoDEX
Aevo
Extended
HTX
OKX
ApeX Omni
Variational Omni
Hotstuff
BloFin
Phoenix
Phemex
Injective
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSFT | −0.077% | +0.0050% | 1h | $23.2M | $5.9M | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.051% | +0.0050% | 1h | $539K | $369K | 15x | as long as short |
| Polymarket Perps MSFT-USD | −0.051% | +0.0050% | 1h | $291K | $411K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.030% | −0.0016% | 1h | $664K | $327K | 10x | as long as short |
| Lighter RH MSFT | −0.028% | +0.0032% | 1h | $687K | $2.1M | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.016% | +0.0046% | 1h | — | — | 25x | as long as short |
| Nado MSFT-PERP | −0.014% | −0.0017% | 1h | $459K | $3K | 20x | as long as short |
| Arcus MSFT-USD | −0.004% | +0.0151% | 1h | $112K | $49K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.002% | 0.0000% | 1h | $27K | $98K | 10x | as long as short |
| Bybit MSFTUSDTlong | 0.000% | 0.0000% | 8h | $7.2M | $922K | 100x |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTM | +0.006% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| QFEX MSFT-USD | +0.008% | +0.0038% | 1h | $1.1M | $3.1M | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.013% | +0.0052% | 8h | $217 | — | 5x | as long as short |
| Lighter MSFT | +0.016% | +0.0032% | 1h | $1.1M | $523K | 20x | as long as short |
| Aster MSFTUSDT | +0.016% | 0.0000% | 8h | $153K | $60K | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythosshort | +0.016% | +0.0100% | 8h | $8K | — | 10x | |
| Gate MSFT_USDT | +0.018% | 0.0000% | 8h | $3.0M | $969K | 100x | as long as short |
| Bitget MSFTUSDT | +0.018% | 0.0000% | 8h | $3.8M | $1.5M | 100x | as long as short |
| Binance MSFTUSDT | +0.032% | 0.0000% | 8h | $15.7M | $12.0M | 20x | as long as short |
| SoDEX MSFT-USD | +0.036% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Aevo MSFT-PERP | +0.039% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Extended MSFT_24_5-USD | +0.040% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| HTX MSFT-USDT | +0.040% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.043% | 0.0000% | 8h | $3.0M | $892K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.051% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Variational Omni MSFT | +0.061% | 0.0000% | 8h | $1.3M | $665K | — | as long as short |
| Hotstuff MSFT-PERP | +0.063% | −0.1552% | 1h | $40K | — | 20x | as long as short |
| BloFin MSFT-USDT | +0.077% | +0.0015% | 8h | $191K | $124K | 20x | as long as short |
| Phoenix MSFT | +0.107% | +0.0016% | 1h | $10K | $15K | 20x | as long as short |
| edgeX MSFTUSDC | +0.129% | −0.0989% | 4h | $101K | $245K | 10x | as long as short |
| Phemex MSFTUSDT | +0.144% | 0.0000% | 8h | $2.1M | $423K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.160% | +0.0220% | 1h | $113K | $184K | 30x | as long as short |
| SunX MSFT-USDT | +0.243% | 0.0000% | 8h | $6K | $3.5M | 20x | as long as short |