Spread before costs (cost unknown: a leg has no order-book sample)+0.050%
7d average—if it closes, per $10,000$5funding while held, a day−$10.96
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff MSFT-PERP | 498.09 | 0.0120 | pay 0.0015% / 1h | 8m 49s | $40K | — | 20x |
| Short | edgeX MSFTUSDC | 498.34 | −0.0245 | pay 0.0123% / 4h | 2h 08m | $101K | $243K | 10x |
Hotstuff MSFT-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
- $4.99
- Funding while held
- −$10.96
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$19.97
- Spread needed to break even
- 0.140%
Slippage unknown: Hotstuff: no order-book sample; edgeX: live order book, 30 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0365%
- Per $10,000 a day
- −$10.96
- 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell edgeX live order book, 30 min ago | 5.22 bp | 9.9 bp −$10 | 12.2 bp −$122 | doesn't fit | doesn't fit |
Hotstuff: 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.Coinbase International497.09cheapestKuCoin497.93+0.169%Ondo Perps497.97+0.177%Polymarket Perps498.08+0.199%
Coinbase International
KuCoin
Ondo Perps
Polymarket PerpsHotstuff498.09+0.201%
Gate498.16+0.215%Nado498.19+0.222%tradeXYZ498.21+0.225%Aster498.22+0.227%HTX498.25+0.233%Variational Omni498.30+0.243%Bitget498.30+0.243%ApeX Omni498.30+0.243%Bybit498.32+0.247%Vest498.35+0.253%Phoenix498.35+0.253%Deribit498.38+0.260%Paradex498.40+0.264%QFEX498.41+0.266%Orderly498.42+0.268%Lighter RH498.43+0.270%Arcus498.45+0.274%Aevo498.48+0.279%OKX498.51+0.286%SoDEX498.52+0.288%Extended498.57+0.299%Binance498.58+0.300%BloFin498.60+0.304%Lighter498.62+0.308%Injective498.82+0.348%Phemex499.01+0.386%SunX499.34+0.453%
Gate
Nado
tradeXYZ
Aster
HTX
Variational Omni
Bitget
ApeX Omni
Bybit
Vest
Phoenix
Deribit
Paradex
QFEX
Orderly
Lighter RH
Arcus
Aevo
OKX
SoDEX
Extended
Binance
BloFin
Lighter
Injective
Phemex
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.201% | −0.0056% | 1h | $675K | $353K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.032% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.024% | +0.0050% | 1h | $510K | $451K | 15x | as long as short |
| Polymarket Perps MSFT-USD | −0.002% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| Hotstuff MSFT-PERPlong | 0.000% | +0.0120% | 1h | $40K | — | 20x | |
| Gate MSFT_USDT | +0.014% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
| Nado MSFT-PERP | +0.021% | 0.0000% | 1h | $460K | $6K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.024% | +0.0050% | 1h | $21.8M | $8.6M | 20x | as long as short |
| Aster MSFTUSDT | +0.026% | 0.0000% | 8h | $156K | $80K | 20x | as long as short |
| HTX MSFT-USDT | +0.032% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |