Spread before costs (cost unknown: a leg has no order-book sample)+0.026%
7d average—if it closes, per $10,000$3funding while held, a day+$1.37
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSFT_USDT | 496.30 | 0 | get 0.0000% / 8h | 6h 54m | $3.1M | $1.3M | 100x |
| Short | Vest MSFT-USD-PERP | 496.43 | 0.0046 | get 0.0006% / 1h | 54m 59s | — | — | 25x |
Gate MSFT_USDT
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
- $2.62
- Funding while held
- $1.37
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$13.01
- Spread needed to break even
- 0.170%
Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago | 3.02 bp | 13.8 bp −$14 | 36.1 bp −$361 | 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.Polymarket Perps496.12cheapestOndo Perps496.15+0.006%Coinbase International496.17+0.010%tradeXYZ496.23+0.022%Hotstuff496.27+0.030%
Polymarket Perps
Ondo Perps
Coinbase International
tradeXYZ
HotstuffGate496.30+0.036%
Nado496.35+0.046%Lighter RH496.35+0.046%HTX496.35+0.046%KuCoin496.38+0.052%SoDEX496.38+0.052%Variational Omni496.42+0.060%
Nado
Lighter RH
HTX
KuCoin
SoDEX
Variational OmniVest496.43+0.062%
Deribit496.43+0.062%Aevo496.47+0.070%Binance496.47+0.071%OKX496.47+0.071%QFEX496.47+0.071%Orderly496.47+0.071%Paradex496.49+0.075%Bybit496.52+0.081%Lighter496.53+0.083%Bitget496.54+0.085%Extended496.56+0.089%Phoenix496.58+0.093%Arcus496.59+0.095%BloFin496.59+0.095%edgeX496.59+0.095%ApeX Omni496.67+0.111%Injective496.71+0.119%Aster496.74+0.125%Phemex496.77+0.131%SunX497.27+0.232%
Deribit
Aevo
Binance
OKX
QFEX
Orderly
Paradex
Bybit
Lighter
Bitget
Extended
Phoenix
Arcus
BloFin
ApeX Omni
Injective
Aster
Phemex
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 | −0.036% | +0.0050% | 1h | $301K | $443K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.030% | +0.0050% | 1h | $502K | $438K | 15x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.026% | −0.0056% | 1h | $668K | $343K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.014% | +0.0050% | 1h | $22.1M | $7.8M | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.006% | +0.0040% | 1h | $40K | — | 20x | as long as short |
| Gate MSFT_USDTlong | 0.000% | 0.0000% | 8h | $3.1M | $1.3M | 100x | |
| Nado MSFT-PERP | +0.009% | −0.0007% | 1h | $461K | $5K | 20x | as long as short |
| Lighter RH MSFT | +0.010% | +0.0032% | 1h | $666K | $2.1M | 20x | as long as short |
| HTX MSFT-USDT | +0.010% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.016% | +0.0100% | 8h | $1.5M | $9K | 20x | as long as short |