After costs, if the gap returns to its 7d average, $10k−$36
spread now−0.057%7d average−0.016%fees + slippage, in and out−$32spread needed0.317%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MSFT-USDT | 494.04 | 0 | get 0.0000% / 8h | 7h 42m | $58K | $231K | 20x |
| Short | Nado MSFT-PERP | 493.76 | −0.0025 | pay 0.0003% / 1h | 42m 52s | $459K | $5K | 20x |
HTX MSFT-USDT
Nado 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
- −$5.67
- Funding while held
- −$0.75
- Slippage, 4 orders
- −$12.68
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$38.11
- Spread needed to break even
- 0.317%
Slippage from HTX: live order book, 65 min ago; Nado: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0025%
- Per $10,000 a day
- −$0.75
- 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 HTX live order book, 65 min ago | 2.84 bp | 8.8 bp −$9 | 16.7 bp −$167 | doesn't fit | doesn't fit |
| Sell Nado live order book, 1 min ago | 1.01 bp | 4.7 bp −$5 | 13.8 bp −$138 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International493.02cheapestKuCoin493.52+0.101%Polymarket Perps493.62+0.122%
Coinbase International
KuCoin
Polymarket PerpsNado493.76+0.150%
Ondo Perps493.76+0.150%Hotstuff493.76+0.150%tradeXYZ493.79+0.156%Vest493.79+0.156%Deribit493.84+0.166%Gate493.85+0.168%SoDEX493.92+0.183%Lighter RH493.93+0.185%Orderly493.95+0.189%Phemex493.96+0.191%Aevo493.98+0.195%Arcus494.00+0.199%Lighter494.01+0.201%QFEX494.02+0.203%ApeX Omni494.03+0.205%
Ondo Perps
Hotstuff
tradeXYZ
Vest
Deribit
Gate
SoDEX
Lighter RH
Orderly
Phemex
Aevo
Arcus
Lighter
QFEX
ApeX OmniHTX494.04+0.207%
Paradex494.04+0.207%Bybit494.06+0.211%Bitget494.09+0.217%Extended494.10+0.220%OKX494.11+0.221%Binance494.16+0.231%BloFin494.18+0.235%Phoenix494.30+0.260%Aster494.36+0.272%Injective494.42+0.284%edgeX494.43+0.287%Variational Omni494.44+0.287%SunX494.75+0.351%
Paradex
Bybit
Bitget
Extended
OKX
Binance
BloFin
Phoenix
Aster
Injective
Variational Omni
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 | −0.206% | 0.0000% | 1h | $664K | $337K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.105% | +0.0100% | 8h | $1.5M | $7K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.085% | +0.0050% | 1h | $288K | $479K | 10x | as long as short |
| Nado MSFT-PERPshort | −0.057% | −0.0025% | 1h | $459K | $5K | 20x | |
| Ondo Perps MSFT-USD.P | −0.057% | +0.0050% | 1h | $533K | $384K | 15x | as long as short |
| Hotstuff MSFT-PERP | −0.057% | −0.0088% | 1h | $40K | — | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.051% | +0.0050% | 1h | $21.9M | $7.5M | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.051% | +0.0046% | 1h | — | — | 25x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.040% | 0.0000% | 1h | $27K | $109K | 10x | as long as short |
| Gate MSFT_USDT | −0.038% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX MSFT-USD | −0.024% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Lighter RH MSFT | −0.022% | +0.0032% | 1h | $655K | $2.1M | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.018% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Phemex MSFTUSDT | −0.016% | 0.0000% | 8h | $2.1M | $537K | 10x | as long as short |
| Aevo MSFT-PERP | −0.012% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Arcus MSFT-USD | −0.008% | +0.0442% | 1h | $112K | $50K | 10x | as long as short |
| Lighter MSFT | −0.006% | +0.0032% | 1h | $1.1M | $535K | 20x | as long as short |
| QFEX MSFT-USD | −0.004% | +0.0042% | 1h | $1.1M | $3.8M | 10x | as long as short |
| ApeX Omni MSFTUSDT | −0.002% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| HTX MSFT-USDTlong | 0.000% | 0.0000% | 8h | $58K | $231K | 20x | |
| Paradex MSFT-USD-PERP | 0.000% | +0.0051% | 8h | $217 | — | 5x | as long as short |
| Bybit MSFTUSDT | +0.004% | 0.0000% | 8h | $7.4M | $1.2M | 100x | as long as short |
| Bitget MSFTUSDT | +0.010% | +0.0001% | 8h | $3.8M | $1.6M | 100x | as long as short |
| Extended MSFT_24_5-USD | +0.013% | +0.0016% | 1h | $327K | $380K | 17x | as long as short |
| OKX MSFT-USDT-SWAP | +0.014% | 0.0000% | 8h | $3.1M | $1.5M | 20x | as long as short |
| Binance MSFTUSDT | +0.024% | +0.0014% | 8h | $15.6M | $14.5M | 20x | as long as short |
| BloFin MSFT-USDT | +0.028% | +0.0002% | 8h | $195K | $161K | 20x | as long as short |
| Phoenix MSFT | +0.053% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| Aster MSFTUSDT | +0.065% | 0.0000% | 8h | $155K | $80K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.077% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| edgeX MSFTUSDC | +0.079% | −0.0978% | 4h | $101K | $245K | 10x | as long as short |
| Variational Omni MSFT | +0.080% | 0.0000% | 8h | $1.2M | $705K | — | as long as short |
| SunX MSFT-USDT | +0.144% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |