Spread before costs (cost unknown: a leg has no order-book sample)+0.009%
7d average—if it closes, per $10,000$1funding while held, a day+$1.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MSFT-USDT | 496.32 | 0 | get 0.0000% / 8h | 6h 48m | $58K | $231K | 20x |
| Short | Paradex MSFT-USD-PERP | 496.36 | 0.0050 | get 0.0050% / 8h | 6h 48m | $218 | — | 5x |
HTX MSFT-USDT
Paradex 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
- $0.9
- Funding while held
- $1.51
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$13.6
- Spread needed to break even
- 0.160%
Slippage unknown: HTX: live order book, 54 min ago; Paradex: 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, 54 min ago | 2.63 bp | 8.8 bp −$9 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 Perps496.00cheapestOndo Perps496.02+0.004%Hotstuff496.08+0.016%Coinbase International496.17+0.034%Nado496.18+0.037%ApeX Omni496.21+0.042%Phoenix496.25+0.050%Gate496.30+0.060%
Polymarket Perps
Ondo Perps
Hotstuff
Coinbase International
Nado
ApeX Omni
Phoenix
GateHTX496.32+0.065%
Vest496.33+0.067%tradeXYZ496.34+0.069%
Vest
tradeXYZParadex496.36+0.073%
Variational Omni496.38+0.076%QFEX496.39+0.079%Arcus496.42+0.085%Bitget496.43+0.087%OKX496.47+0.095%SoDEX496.47+0.095%Bybit496.48+0.097%Lighter RH496.50+0.101%KuCoin496.52+0.105%Orderly496.52+0.105%Aevo496.52+0.106%Deribit496.57+0.115%edgeX496.58+0.117%BloFin496.60+0.121%Binance496.63+0.127%Extended496.63+0.128%Injective496.71+0.143%Lighter496.72+0.145%Aster496.74+0.149%Phemex496.86+0.173%SunX497.14+0.230%
Variational Omni
QFEX
Arcus
Bitget
OKX
SoDEX
Bybit
Lighter RH
KuCoin
Orderly
Aevo
Deribit
BloFin
Binance
Extended
Injective
Lighter
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 | −0.064% | +0.0050% | 1h | $301K | $443K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.060% | +0.0050% | 1h | $502K | $438K | 15x | as long as short |
| Hotstuff MSFT-PERP | −0.048% | +0.0016% | 1h | $40K | — | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.030% | −0.0056% | 1h | $668K | $343K | 10x | as long as short |
| Nado MSFT-PERP | −0.028% | −0.0007% | 1h | $461K | $5K | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.022% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Phoenix MSFT | −0.014% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| Gate MSFT_USDT | −0.004% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
| HTX MSFT-USDTlong | 0.000% | 0.0000% | 8h | $58K | $231K | 20x | |
| Vest MSFT-USD-PERP | +0.002% | +0.0046% | 1h | — | — | 25x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSFT | +0.004% | +0.0050% | 1h | $22.1M | $7.8M | 20x | as long as short |
| Paradex MSFT-USD-PERPshort | +0.009% | +0.0050% | 8h | $218 | — | 5x | |
| Variational Omni MSFT | +0.012% | 0.0000% | 8h | $1.3M | $715K | — | as long as short |
| QFEX MSFT-USD | +0.014% | +0.0028% | 1h | $1.2M | $4.3M | 10x | as long as short |
| Arcus MSFT-USD | +0.020% | +0.0577% | 1h | $112K | $52K | 10x | as long as short |
| Bitget MSFTUSDT | +0.022% | 0.0000% | 8h | $3.7M | $1.7M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | +0.030% | 0.0000% | 8h | $3.0M | $1.7M | 20x | as long as short |
| SoDEX MSFT-USD | +0.030% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Bybit MSFTUSDT | +0.032% | 0.0000% | 8h | $7.3M | $1.4M | 100x | as long as short |
| Lighter RH MSFT | +0.036% | +0.0032% | 1h | $666K | $2.1M | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.040% | +0.0100% | 8h | $1.5M | $9K | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.040% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.041% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.050% | 0.0000% | 1h | $27K | $113K | 10x | as long as short |
| edgeX MSFTUSDC | +0.053% | −0.0884% | 4h | $101K | $244K | 10x | as long as short |
| BloFin MSFT-USDT | +0.056% | +0.0004% | 8h | $191K | $173K | 20x | as long as short |
| Binance MSFTUSDT | +0.062% | 0.0000% | 8h | $15.7M | $15.4M | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.063% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| Injective MSFT/USDC PERP | +0.079% | +0.0220% | 1h | $114K | $125K | 30x | as long as short |
| Lighter MSFT | +0.081% | +0.0032% | 1h | $1.1M | $541K | 20x | as long as short |
| Aster MSFTUSDT | +0.085% | 0.0000% | 8h | $156K | $80K | 20x | as long as short |
| Phemex MSFTUSDT | +0.109% | 0.0000% | 8h | $2.1M | $589K | 10x | as long as short |
| SunX MSFT-USDT | +0.165% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |