Spread before costs (cost unknown: a leg has no order-book sample)+0.040%
7d average—if it closes, per $10,000$4funding while held, a day+$1.37
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MSFT_USDC-PERPETUAL | 499.24 | 0 | get 0.0000% / 1h | 49m 57s | $27K | $114K | 10x |
| Short | Vest MSFT-USD-PERP | 499.44 | 0.0046 | get 0.0006% / 1h | 49m 57s | — | — | 25x |
Deribit MSFT_USDC-PERPETUAL
Vest MSFT-USD-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
- $4.01
- Funding while held
- $1.37
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$3.62
- Spread needed to break even
- 0.090%
Slippage unknown: Deribit: live order book, 5 min ago; Vest: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0046%
- Per $10,000 a day
- +$1.37
- 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 live order book, 5 min ago | 0.10 bp | 3.6 bp −$4 | 5.1 bp −$51 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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.ApeX Omni498.72cheapestKuCoin498.90+0.036%Phoenix498.97+0.050%Coinbase International499.03+0.062%tradeXYZ499.09+0.074%Ondo Perps499.18+0.092%Polymarket Perps499.18+0.092%Gate499.19+0.094%Variational Omni499.24+0.104%
ApeX Omni
KuCoin
Phoenix
Coinbase International
tradeXYZ
Ondo Perps
Polymarket Perps
Gate
Variational OmniDeribit499.24+0.104%
edgeX499.24+0.105%Hotstuff499.29+0.114%Aster499.29+0.115%Lighter RH499.35+0.126%HTX499.38+0.132%Extended499.40+0.136%Binance499.41+0.138%Nado499.44+0.144%
Hotstuff
Aster
Lighter RH
HTX
Extended
Binance
NadoVest499.44+0.144%
SoDEX499.44+0.144%Bitget499.46+0.148%Orderly499.47+0.150%Aevo499.51+0.159%Phemex499.53+0.162%OKX499.54+0.164%Bybit499.55+0.166%BloFin499.55+0.166%Lighter499.59+0.174%Paradex499.61+0.178%QFEX499.63+0.182%Arcus499.64+0.184%Injective500.11+0.279%SunX500.23+0.303%
SoDEX
Bitget
Orderly
Aevo
Phemex
OKX
Bybit
BloFin
Lighter
Paradex
QFEX
Arcus
Injective
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSFTUSDT | −0.104% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| KuCoin MSFTUSDTM | −0.068% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| Phoenix MSFT | −0.054% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.042% | −0.0056% | 1h | $678K | $355K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.030% | +0.0050% | 1h | $21.8M | $8.6M | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.012% | +0.0050% | 1h | $510K | $451K | 15x | as long as short |
| Polymarket Perps MSFT-USD | −0.012% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| Gate MSFT_USDT | −0.010% | 0.0000% | 8h | $3.0M | $1.4M | 100x | as long as short |
| Variational Omni MSFT | −0.001% | 0.0000% | 8h | $1.3M | $717K | — | as long as short |
| Deribit MSFT_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $27K | $114K | 10x |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | +0.001% | −0.0722% | 4h | $102K | $244K | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.010% | +0.0112% | 1h | $40K | — | 20x | as long as short |
| Aster MSFTUSDT | +0.011% | 0.0000% | 8h | $157K | $80K | 20x | as long as short |
| Lighter RH MSFT | +0.022% | +0.0032% | 1h | $660K | $2.1M | 20x | as long as short |
| HTX MSFT-USDT | +0.028% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.032% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Binance MSFTUSDT | +0.034% | 0.0000% | 8h | $15.6M | $16.7M | 20x | as long as short |
| Nado MSFT-PERP | +0.040% | −0.0020% | 1h | $448K | $24K | 20x | as long as short |
| Vest MSFT-USD-PERPshort | +0.040% | +0.0046% | 1h | — | — | 25x | |
| SoDEX MSFT-USD | +0.040% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Bitget MSFTUSDT | +0.044% | +0.0005% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.046% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.055% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Phemex MSFTUSDT | +0.058% | 0.0000% | 8h | $2.1M | $643K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.060% | 0.0000% | 8h | $3.1M | $2.1M | 20x | as long as short |
| Bybit MSFTUSDT | +0.062% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| BloFin MSFT-USDT | +0.062% | −0.0016% | 8h | $194K | $186K | 20x | as long as short |
| Lighter MSFT | +0.070% | +0.0072% | 1h | $1.1M | $537K | 20x | as long as short |
| Paradex MSFT-USD-PERP | +0.074% | +0.0050% | 8h | $220 | — | 5x | as long as short |
| QFEX MSFT-USD | +0.078% | +0.0044% | 1h | $1.2M | $4.6M | 10x | as long as short |
| Arcus MSFT-USD | +0.080% | +0.0573% | 1h | $111K | $75K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.174% | +0.0220% | 1h | $115K | $88K | 30x | as long as short |
| SunX MSFT-USDT | +0.198% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |