Spread before costs (cost unknown: a leg has no order-book sample)−0.130%
7d average—if it closes, per $10,000$13funding while held, a day+$29.67
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSFTUSDC | 494.59 | −0.0989 | get 0.0495% / 4h | 1h 31m | $101K | $245K | 10x |
| Short | Deribit MSFT_USDC-PERPETUAL | 493.94 | 0 | get 0.0000% / 1h | 31m 03s | $27K | $98K | 10x |
Deribit MSFT_USDC-PERPETUALPrice 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
- −$13.05
- Funding while held
- $29.67
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $0.62
- Spread needed to break even
- 0.160%
Slippage unknown: edgeX: live order book, 23 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0989%
- Per $10,000 a day
- +$29.67
- 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 edgeX live order book, 23 min ago | 5.23 bp | 10.0 bp −$10 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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.Ondo Perps493.70cheapestPolymarket Perps493.70cheapesttradeXYZ493.75+0.010%Coinbase International493.80+0.020%Vest493.87+0.034%Nado493.88+0.036%Arcus493.93+0.047%
Ondo Perps
Polymarket Perps
tradeXYZ
Coinbase International
Vest
Nado
ArcusDeribit493.94+0.049%
KuCoin493.95+0.051%QFEX493.99+0.059%Paradex494.01+0.064%Aster494.03+0.067%Orderly494.03+0.067%Gate494.04+0.069%Lighter RH494.05+0.071%Bybit494.07+0.075%Extended494.08+0.077%SoDEX494.13+0.087%Aevo494.14+0.089%HTX494.15+0.091%OKX494.17+0.095%ApeX Omni494.20+0.101%Lighter494.26+0.113%Hotstuff494.26+0.113%Bitget494.31+0.124%Binance494.32+0.126%BloFin494.33+0.128%Phoenix494.48+0.158%Phemex494.66+0.194%Injective494.74+0.211%Variational Omni494.86+0.236%SunX495.15+0.294%
KuCoin
QFEX
Paradex
Aster
Orderly
Gate
Lighter RH
Bybit
Extended
SoDEX
Aevo
HTX
OKX
ApeX Omni
Lighter
Hotstuff
Bitget
Binance
BloFin
Phoenix
Phemex
Injective
Variational Omni
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSFT-USD.P | −0.179% | +0.0050% | 1h | $539K | $369K | 15x | as long as short |
| Polymarket Perps MSFT-USD | −0.179% | +0.0050% | 1h | $291K | $411K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.169% | +0.0050% | 1h | $23.2M | $5.9M | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.159% | −0.0016% | 1h | $664K | $327K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.145% | +0.0046% | 1h | — | — | 25x | as long as short |
| Nado MSFT-PERP | −0.143% | −0.0017% | 1h | $459K | $3K | 20x | as long as short |
| Arcus MSFT-USD | −0.133% | +0.0151% | 1h | $112K | $49K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUALshort | −0.130% | 0.0000% | 1h | $27K | $98K | 10x | |
| KuCoin MSFTUSDTM | −0.128% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| QFEX MSFT-USD | −0.120% | +0.0038% | 1h | $1.1M | $3.1M | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MSFT-USD-PERP | −0.116% | +0.0052% | 8h | $217 | — | 5x | as long as short |
| Aster MSFTUSDT | −0.112% | 0.0000% | 8h | $153K | $60K | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.112% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Gate MSFT_USDT | −0.110% | 0.0000% | 8h | $3.0M | $968K | 100x | as long as short |
| Lighter RH MSFT | −0.108% | +0.0032% | 1h | $687K | $2.1M | 20x | as long as short |
| Bybit MSFTUSDT | −0.104% | 0.0000% | 8h | $7.2M | $922K | 100x | as long as short |
| Extended MSFT_24_5-USD | −0.102% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| SoDEX MSFT-USD | −0.092% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Aevo MSFT-PERP | −0.090% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| HTX MSFT-USDT | −0.088% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | −0.084% | 0.0000% | 8h | $3.0M | $892K | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.078% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Lighter MSFT | −0.066% | +0.0032% | 1h | $1.1M | $522K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.066% | −0.1552% | 1h | $40K | — | 20x | as long as short |
| Bitget MSFTUSDT | −0.056% | 0.0000% | 8h | $3.8M | $1.5M | 100x | as long as short |
| Binance MSFTUSDT | −0.054% | 0.0000% | 8h | $15.7M | $12.0M | 20x | as long as short |
| BloFin MSFT-USDT | −0.052% | +0.0015% | 8h | $191K | $124K | 20x | as long as short |
| Phoenix MSFT | −0.021% | +0.0016% | 1h | $10K | $15K | 20x | as long as short |
| edgeX MSFTUSDClong | 0.000% | −0.0989% | 4h | $101K | $245K | 10x | |
| Phemex MSFTUSDT | +0.015% | 0.0000% | 8h | $2.1M | $423K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.031% | +0.0220% | 1h | $113K | $184K | 30x | as long as short |
| Variational Omni MSFT | +0.056% | 0.0000% | 8h | $1.3M | $652K | — | as long as short |
| SunX MSFT-USDT | +0.114% | 0.0000% | 8h | $6K | $3.5M | 20x | as long as short |