After costs, if the gap returns to its 7d average, $10k−$26
spread now−0.091%7d average−0.058%fees + slippage, in and out−$23spread needed0.227%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MSFT_24_5-USD | 493.36 | 0 | get 0.0000% / 1h | 41m 13s | $327K | $380K | 17x |
| Short | Polymarket Perps MSFT-USD | 492.91 | 0.0050 | get 0.0006% / 1h | 41m 13s | $288K | $472K | 10x |
Extended MSFT_24_5-USD
Polymarket Perps MSFT-USDPrice 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
- −$9.13
- Funding while held
- $1.5
- Slippage, 4 orders
- −$9.67
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$30.3
- Spread needed to break even
- 0.227%
Slippage from Extended: live order book, 8 min ago; Polymarket Perps: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.50
- 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 Extended live order book, 8 min ago | 0.10 bp | 4.8 bp −$5 | 36.0 bp −$360 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 8 min ago | 1.22 bp | 5.8 bp −$6 | 5.8 bp −$58 | 7.0 bp −$695 | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Hotstuff492.51cheapestNado492.63+0.024%Ondo Perps492.71+0.041%ApeX Omni492.72+0.043%Vest492.91+0.081%
Hotstuff
Nado
Ondo Perps
ApeX Omni
VestPolymarket Perps492.91+0.081%
tradeXYZ492.97+0.093%Phoenix492.97+0.093%Coinbase International493.01+0.102%KuCoin493.06+0.112%QFEX493.14+0.128%Paradex493.17+0.133%Arcus493.18+0.136%Bitget493.18+0.136%Gate493.19+0.138%Deribit493.21+0.142%edgeX493.27+0.155%Lighter RH493.28+0.156%HTX493.28+0.156%OKX493.29+0.158%Orderly493.30+0.160%SoDEX493.30+0.160%Lighter493.32+0.164%Aevo493.33+0.166%
tradeXYZ
Phoenix
Coinbase International
KuCoin
QFEX
Paradex
Arcus
Bitget
Gate
Deribit
Lighter RH
HTX
OKX
Orderly
SoDEX
Lighter
AevoExtended493.36+0.173%
Aster493.39+0.180%Injective493.40+0.181%Binance493.43+0.187%Bybit493.43+0.187%BloFin493.46+0.193%Variational Omni493.50+0.201%Phemex493.83+0.268%SunX494.17+0.337%
Aster
Injective
Binance
Bybit
BloFin
Variational Omni
Phemex
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.172% | 0.0000% | 1h | $40K | — | 20x | as long as short |
| Nado MSFT-PERP | −0.149% | −0.0005% | 1h | $458K | $4K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.132% | +0.0050% | 1h | $536K | $372K | 15x | as long as short |
| ApeX Omni MSFTUSDT | −0.130% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Vest MSFT-USD-PERP | −0.091% | +0.0046% | 1h | — | — | 25x | as long as short |
| Polymarket Perps MSFT-USDshort | −0.091% | +0.0050% | 1h | $288K | $472K | 10x | |
| tradeXYZ xyz:MSFT | −0.079% | +0.0050% | 1h | $23.1M | $6.1M | 20x | as long as short |
| Phoenix MSFT | −0.079% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.071% | −0.0008% | 1h | $663K | $333K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.061% | +0.0100% | 8h | $1.4M | $7K | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| QFEX MSFT-USD | −0.045% | +0.0052% | 1h | $1.1M | $3.4M | 10x | as long as short |
| Paradex MSFT-USD-PERP | −0.039% | +0.0052% | 8h | $217 | — | 5x | as long as short |
| Arcus MSFT-USD | −0.037% | +0.0325% | 1h | $112K | $48K | 10x | as long as short |
| Bitget MSFTUSDT | −0.037% | 0.0000% | 8h | $3.7M | $1.6M | 100x | as long as short |
| Gate MSFT_USDT | −0.035% | 0.0000% | 8h | $3.0M | $1.0M | 100x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.031% | 0.0000% | 1h | $27K | $103K | 10x | as long as short |
| edgeX MSFTUSDC | −0.018% | −0.0604% | 4h | $100K | $243K | 10x | as long as short |
| Lighter RH MSFT | −0.016% | +0.0032% | 1h | $677K | $2.0M | 20x | as long as short |
| HTX MSFT-USDT | −0.016% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | −0.014% | 0.0000% | 8h | $3.1M | $1.4M | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.012% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| SoDEX MSFT-USD | −0.012% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Lighter MSFT | −0.008% | +0.0032% | 1h | $1.1M | $529K | 20x | as long as short |
| Aevo MSFT-PERP | −0.007% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Extended MSFT_24_5-USDlong | 0.000% | 0.0000% | 1h | $327K | $380K | 17x | |
| Aster MSFTUSDT | +0.007% | 0.0000% | 8h | $151K | $76K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.008% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| Binance MSFTUSDT | +0.014% | 0.0000% | 8h | $15.8M | $12.9M | 20x | as long as short |
| Bybit MSFTUSDT | +0.014% | 0.0000% | 8h | $7.4M | $1.1M | 100x | as long as short |
| BloFin MSFT-USDT | +0.020% | −0.0023% | 8h | $193K | $141K | 20x | as long as short |
| Variational Omni MSFT | +0.028% | 0.0000% | 8h | $1.2M | $686K | — | as long as short |
| Phemex MSFTUSDT | +0.095% | 0.0000% | 8h | $2.1M | $478K | 10x | as long as short |
| SunX MSFT-USDT | +0.164% | 0.0000% | 8h | $6K | $3.8M | 20x | as long as short |