Spread before costs (cost unknown: a leg has no order-book sample)−0.047%
7d average−0.001%if it closes, per $10,000$5funding while held, a day+$26.57
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSFTUSDC | 498.69 | −0.0886 | get 0.0443% / 4h | 1h 24m | $101K | $245K | 10x |
| Short | Variational Omni MSFT | 498.46 | 0 | get 0.0000% / 8h | 5h 24m | $1.3M | $695K | — |
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
- −$4.69
- Funding while held
- $26.57
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $12.88
- Spread needed to break even
- 0.090%
Slippage unknown: edgeX: live order book, 9 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0886%
- Per $10,000 a day
- +$26.57
- 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, 9 min ago | 5.42 bp | 10.0 bp −$10 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 2.74 bp | doesn't fit | 9.6 bp −$96 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Polymarket Perps497.86cheapesttradeXYZ497.96+0.020%Ondo Perps497.99+0.026%Hotstuff498.02+0.032%KuCoin498.02+0.032%Gate498.08+0.044%Vest498.09+0.046%Nado498.13+0.054%Lighter RH498.13+0.054%Deribit498.13+0.054%Paradex498.17+0.063%Phoenix498.18+0.064%OKX498.21+0.070%Aster498.23+0.075%Coinbase International498.25+0.078%Extended498.25+0.079%Arcus498.26+0.080%QFEX498.29+0.086%Bitget498.29+0.086%HTX498.29+0.086%Binance498.30+0.087%Lighter498.32+0.092%SoDEX498.32+0.092%ApeX Omni498.33+0.094%Bybit498.34+0.096%Phemex498.36+0.100%Aevo498.41+0.110%Orderly498.41+0.110%
Polymarket Perps
tradeXYZ
Ondo Perps
Hotstuff
KuCoin
Gate
Vest
Nado
Lighter RH
Deribit
Paradex
Phoenix
OKX
Aster
Coinbase International
Extended
Arcus
QFEX
Bitget
HTX
Binance
Lighter
SoDEX
ApeX Omni
Bybit
Phemex
Aevo
OrderlyVariational Omni498.46+0.120%
BloFin498.46+0.121%Injective498.59+0.147%SunX499.23+0.275%
BloFin
Injective
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MSFT-USD | −0.167% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.147% | +0.0050% | 1h | $22.1M | $8.8M | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.141% | +0.0050% | 1h | $509K | $452K | 15x | as long as short |
| Hotstuff MSFT-PERP | −0.135% | −0.0008% | 1h | $40K | — | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.135% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| Gate MSFT_USDT | −0.123% | 0.0000% | 8h | $3.0M | $1.4M | 100x | as long as short |
| Vest MSFT-USD-PERP | −0.121% | +0.0046% | 1h | — | — | 25x | as long as short |
| Nado MSFT-PERP | −0.113% | −0.0004% | 1h | $447K | $24K | 20x | as long as short |
| Lighter RH MSFT | −0.113% | +0.0032% | 1h | $647K | $2.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.113% | 0.0000% | 1h | $27K | $114K | 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 | −0.104% | +0.0050% | 8h | $219 | — | 5x | as long as short |
| Phoenix MSFT | −0.103% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | −0.097% | 0.0000% | 8h | $3.0M | $2.1M | 20x | as long as short |
| Aster MSFTUSDT | −0.092% | 0.0000% | 8h | $156K | $86K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.089% | −0.0056% | 1h | $684K | $362K | 10x | as long as short |
| Extended MSFT_24_5-USD | −0.088% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Arcus MSFT-USD | −0.087% | +0.0573% | 1h | $111K | $75K | 10x | as long as short |
| QFEX MSFT-USD | −0.080% | +0.0044% | 1h | $1.2M | $4.8M | 10x | as long as short |
| Bitget MSFTUSDT | −0.080% | +0.0021% | 8h | $3.7M | $1.7M | 100x | as long as short |
| HTX MSFT-USDT | −0.080% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Binance MSFTUSDT | −0.079% | 0.0000% | 8h | $15.6M | $16.9M | 20x | as long as short |
| Lighter MSFT | −0.074% | +0.0080% | 1h | $1.1M | $537K | 20x | as long as short |
| SoDEX MSFT-USD | −0.074% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| ApeX Omni MSFTUSDT | −0.072% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| Bybit MSFTUSDT | −0.070% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| Phemex MSFTUSDT | −0.066% | 0.0000% | 8h | $2.1M | $659K | 10x | as long as short |
| Aevo MSFT-PERP | −0.057% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.056% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Variational Omni MSFTshort | −0.047% | 0.0000% | 8h | $1.3M | $695K | — | |
| BloFin MSFT-USDT | −0.046% | −0.0010% | 8h | $193K | $191K | 20x | as long as short |
| Injective MSFT/USDC PERP | −0.020% | +0.0220% | 1h | $114K | $88K | 30x | as long as short |
| edgeX MSFTUSDClong | 0.000% | −0.0886% | 4h | $101K | $245K | 10x | |
| SunX MSFT-USDT | +0.108% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |