Spread before costs (cost unknown: a leg has no order-book sample)+0.059%
7d average—if it closes, per $10,000$6funding while held, a day−$0.96
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff MSFT-PERP | 492.99 | 0.0032 | pay 0.0004% / 1h | 48m 32s | $40K | — | 20x |
| Short | Gate MSFT_USDT | 493.28 | 0 | get 0.0000% / 8h | 48m 32s | $3.0M | $1.0M | 100x |
Hotstuff MSFT-PERP
Gate MSFT_USDTPrice 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
- $5.88
- Funding while held
- −$0.96
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$15.08
- Spread needed to break even
- 0.200%
Slippage unknown: Hotstuff: no order-book sample; Gate: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0032%
- Per $10,000 a day
- −$0.96
- 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 Gate live order book, 1 min ago | 3.04 bp | 14.2 bp −$14 | 35.8 bp −$358 | 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.Ondo Perps492.99cheapest
Ondo PerpsHotstuff492.99cheapest
tradeXYZ493.01+0.004%Polymarket Perps493.04+0.010%Vest493.17+0.037%ApeX Omni493.19+0.041%Phoenix493.20+0.043%KuCoin493.22+0.047%Deribit493.27+0.057%
tradeXYZ
Polymarket Perps
Vest
ApeX Omni
Phoenix
KuCoin
DeribitGate493.28+0.059%
Paradex493.34+0.070%Lighter RH493.34+0.071%Nado493.34+0.071%SoDEX493.38+0.079%Bybit493.40+0.083%QFEX493.41+0.085%Lighter493.42+0.087%Arcus493.44+0.091%Extended493.46+0.096%Orderly493.49+0.101%Bitget493.51+0.105%Binance493.59+0.121%Aevo493.59+0.121%Injective493.59+0.122%OKX493.61+0.126%BloFin493.62+0.128%Aster493.62+0.129%Variational Omni493.70+0.145%edgeX493.74+0.153%Phemex493.82+0.168%Coinbase International493.89+0.183%HTX494.03+0.211%SunX494.35+0.276%
Paradex
Lighter RH
Nado
SoDEX
Bybit
QFEX
Lighter
Arcus
Extended
Orderly
Bitget
Binance
Aevo
Injective
OKX
BloFin
Aster
Variational Omni
Phemex
Coinbase International
HTX
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 | 0.000% | +0.0050% | 1h | $536K | $371K | 15x | as long as short |
| Hotstuff MSFT-PERPlong | 0.000% | +0.0032% | 1h | $40K | — | 20x | |
| tradeXYZ xyz:MSFT | +0.004% | +0.0050% | 1h | $23.1M | $6.1M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.010% | +0.0050% | 1h | $288K | $469K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.037% | +0.0046% | 1h | — | — | 25x | as long as short |
| ApeX Omni MSFTUSDT | +0.041% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Phoenix MSFT | +0.043% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.047% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.057% | 0.0000% | 1h | $27K | $102K | 10x | as long as short |
| Gate MSFT_USDTshort | +0.059% | 0.0000% | 8h | $3.0M | $1.0M | 100x |