Spread before costs (cost unknown: a leg has no order-book sample)+0.128%
7d average—if it closes, per $10,000$13funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MSFT_USDC-PERPETUAL | 494.36 | 0 | get 0.0000% / 1h | 40m 23s | $27K | $97K | 10x |
| Short | Variational Omni MSFT | 494.99 | 0 | get 0.0000% / 8h | 1h 40m | $1.3M | $650K | — |
Deribit MSFT_USDC-PERPETUAL
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
- $12.82
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $5.82
- Spread needed to break even
- 0.070%
Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, just now. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, just now | 2.54 bp | doesn't fit | 16.4 bp −$164 | doesn't fit | doesn't fit |
Deribit: 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.KuCoin494.15cheapestPolymarket Perps494.18+0.006%tradeXYZ494.22+0.014%Phoenix494.26+0.022%Nado494.29+0.028%Hotstuff494.29+0.028%Vest494.33+0.036%
KuCoin
Polymarket Perps
tradeXYZ
Phoenix
Nado
Hotstuff
VestDeribit494.36+0.042%
Ondo Perps494.38+0.047%Lighter RH494.41+0.053%Paradex494.42+0.054%Gate494.50+0.071%SoDEX494.50+0.071%Extended494.50+0.071%QFEX494.53+0.077%Orderly494.54+0.079%Aevo494.57+0.086%Lighter494.60+0.091%Bybit494.62+0.095%Arcus494.67+0.105%ApeX Omni494.69+0.109%Bitget494.70+0.111%Binance494.72+0.115%OKX494.73+0.117%Aster494.86+0.144%HTX494.94+0.160%BloFin494.94+0.160%
Ondo Perps
Lighter RH
Paradex
Gate
SoDEX
Extended
QFEX
Orderly
Aevo
Lighter
Bybit
Arcus
ApeX Omni
Bitget
Binance
OKX
Aster
HTX
BloFinVariational Omni494.99+0.171%
edgeX495.03+0.177%Injective495.17+0.206%Coinbase International495.20+0.212%Phemex495.46+0.265%SunX495.74+0.322%
Injective
Coinbase International
Phemex
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTM | −0.042% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.036% | +0.0050% | 1h | $292K | $408K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.028% | +0.0050% | 1h | $23.2M | $5.9M | 20x | as long as short |
| Phoenix MSFT | −0.020% | +0.0016% | 1h | $10K | $15K | 20x | as long as short |
| Nado MSFT-PERP | −0.015% | −0.0017% | 1h | $459K | $3K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.014% | −0.1600% | 1h | $40K | — | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.006% | +0.0046% | 1h | — | — | 25x | as long as short |
| Deribit MSFT_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $27K | $97K | 10x | |
| Ondo Perps MSFT-USD.P | +0.004% | +0.0050% | 1h | $539K | $369K | 15x | as long as short |
| Lighter RH MSFT | +0.010% | +0.0032% | 1h | $694K | $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 | +0.011% | +0.0052% | 8h | $218 | — | 5x | as long as short |
| Gate MSFT_USDT | +0.028% | 0.0000% | 8h | $3.1M | $948K | 100x | as long as short |
| SoDEX MSFT-USD | +0.028% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Extended MSFT_24_5-USD | +0.029% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| QFEX MSFT-USD | +0.034% | +0.0038% | 1h | $1.1M | $3.1M | 10x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.036% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.043% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Lighter MSFT | +0.049% | +0.0032% | 1h | $1.1M | $521K | 20x | as long as short |
| Bybit MSFTUSDT | +0.053% | 0.0000% | 8h | $7.2M | $918K | 100x | as long as short |
| Arcus MSFT-USD | +0.063% | +0.0151% | 1h | $112K | $49K | 10x | as long as short |
| ApeX Omni MSFTUSDT | +0.067% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Bitget MSFTUSDT | +0.069% | 0.0000% | 8h | $3.7M | $1.5M | 100x | as long as short |
| Binance MSFTUSDT | +0.072% | 0.0000% | 8h | $15.7M | $11.7M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.075% | 0.0000% | 8h | $3.0M | $876K | 20x | as long as short |
| Aster MSFTUSDT | +0.102% | 0.0000% | 8h | $153K | $57K | 20x | as long as short |
| HTX MSFT-USDT | +0.117% | 0.0000% | 8h | $58K | $229K | 20x | as long as short |
| BloFin MSFT-USDT | +0.117% | +0.0026% | 8h | $191K | $121K | 20x | as long as short |
| Variational Omni MSFTshort | +0.128% | 0.0000% | 8h | $1.3M | $650K | — | |
| edgeX MSFTUSDC | +0.135% | +0.0018% | 4h | $101K | $245K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.164% | +0.0220% | 1h | $113K | $140K | 30x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.170% | −0.0016% | 1h | $666K | $327K | 10x | as long as short |
| Phemex MSFTUSDT | +0.223% | 0.0000% | 8h | $2.1M | $408K | 10x | as long as short |
| SunX MSFT-USDT | +0.279% | 0.0000% | 8h | $6K | $3.4M | 20x | as long as short |