Spread before costs (cost unknown: a leg has no order-book sample)−0.024%
7d average−0.081%if it closes, per $10,000$2funding while held, a day+$1.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MSFT-USDT | 499.12 | 0 | get 0.0000% / 8h | 5h 09m | $58K | $232K | 20x |
| Short | Ondo Perps MSFT-USD.P | 499.00 | 0.0050 | get 0.0006% / 1h | 9m 06s | $510K | $453K | 15x |
HTX MSFT-USDT
Ondo Perps MSFT-USD.PPrice 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
- −$2.4
- Funding while held
- $1.51
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$17.89
- Spread needed to break even
- 0.170%
Slippage unknown: HTX: live order book, 24 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.51
- 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, 24 min ago | 2.81 bp | 9.1 bp −$9 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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.Injective498.75cheapestKuCoin498.81+0.012%Polymarket Perps498.84+0.018%tradeXYZ498.93+0.036%Gate498.98+0.046%
Injective
KuCoin
Polymarket Perps
tradeXYZ
GateOndo Perps499.00+0.050%
Nado499.03+0.055%ApeX Omni499.05+0.060%Deribit499.07+0.064%
Nado
ApeX Omni
DeribitHTX499.12+0.074%
Hotstuff499.17+0.084%Lighter RH499.18+0.086%SoDEX499.19+0.088%Bitget499.21+0.092%Vest499.21+0.092%Binance499.23+0.096%Paradex499.24+0.097%Arcus499.24+0.098%Aevo499.25+0.099%Extended499.27+0.104%Bybit499.27+0.104%Orderly499.27+0.104%OKX499.28+0.106%Variational Omni499.29+0.108%Lighter499.29+0.108%BloFin499.31+0.112%Phoenix499.33+0.116%Phemex499.33+0.116%QFEX499.36+0.122%Coinbase International499.37+0.124%Aster499.42+0.135%edgeX499.44+0.138%SunX500.02+0.255%
Hotstuff
Lighter RH
SoDEX
Bitget
Vest
Binance
Paradex
Arcus
Aevo
Extended
Bybit
Orderly
OKX
Variational Omni
Lighter
BloFin
Phoenix
Phemex
QFEX
Coinbase International
Aster
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MSFT/USDC PERP | −0.074% | +0.0220% | 1h | $114K | $88K | 30x | as long as short |
| KuCoin MSFTUSDTM | −0.062% | +0.0100% | 8h | $1.5M | $11K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.056% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.038% | +0.0050% | 1h | $22.2M | $8.9M | 20x | as long as short |
| Gate MSFT_USDT | −0.028% | 0.0000% | 8h | $3.0M | $1.4M | 100x | as long as short |
| Ondo Perps MSFT-USD.Pshort | −0.024% | +0.0050% | 1h | $510K | $453K | 15x | |
| Nado MSFT-PERP | −0.019% | −0.0003% | 1h | $446K | $25K | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.014% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.010% | 0.0000% | 1h | $27K | $114K | 10x | as long as short |
| HTX MSFT-USDTlong | 0.000% | 0.0000% | 8h | $58K | $232K | 20x |