Spread before costs (cost unknown: a leg has no order-book sample)+0.043%
7d average+0.006%if it closes, per $10,000$4funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MSFT-USDT | 495.66 | 0 | get 0.0000% / 8h | 7h 14m | $58K | $231K | 20x |
| Short | Variational Omni MSFT | 495.87 | 0 | get 0.0000% / 8h | 7h 14m | $1.2M | $708K | — |
HTX MSFT-USDT
Variational Omni MSFTPrice 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
- $4.28
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$7.72
- Spread needed to break even
- 0.120%
Slippage unknown: HTX: live order book, 29 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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, 29 min ago | 2.63 bp | 8.8 bp −$9 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 2.53 bp | doesn't fit | 12.9 bp −$129 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International495.00cheapestKuCoin495.26+0.053%Polymarket Perps495.39+0.079%Ondo Perps495.40+0.081%ApeX Omni495.40+0.081%Hotstuff495.41+0.083%edgeX495.45+0.091%tradeXYZ495.53+0.107%Nado495.53+0.108%Gate495.54+0.109%Phoenix495.59+0.119%Bybit495.63+0.127%Vest495.65+0.131%BloFin495.65+0.131%
Coinbase International
KuCoin
Polymarket Perps
Ondo Perps
ApeX Omni
Hotstuff
tradeXYZ
Nado
Gate
Phoenix
Bybit
Vest
BloFinHTX495.66+0.133%
OKX495.74+0.149%SoDEX495.75+0.152%Bitget495.76+0.154%QFEX495.78+0.158%Lighter RH495.81+0.164%Deribit495.81+0.164%Aevo495.81+0.164%Paradex495.82+0.166%Injective495.84+0.170%Orderly495.85+0.172%
OKX
SoDEX
Bitget
QFEX
Lighter RH
Deribit
Aevo
Paradex
Injective
OrderlyVariational Omni495.87+0.176%
Binance495.88+0.178%Extended495.93+0.188%Lighter495.94+0.190%Arcus495.95+0.192%Phemex496.01+0.204%Aster496.52+0.307%SunX496.62+0.327%
Binance
Extended
Lighter
Arcus
Phemex
Aster
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 | −0.133% | 0.0000% | 1h | $667K | $339K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.081% | +0.0100% | 8h | $1.5M | $9K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.054% | +0.0050% | 1h | $300K | $468K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.052% | +0.0050% | 1h | $513K | $416K | 15x | as long as short |
| ApeX Omni MSFTUSDT | −0.052% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Hotstuff MSFT-PERP | −0.050% | +0.0112% | 1h | $40K | — | 20x | as long as short |
| edgeX MSFTUSDC | −0.043% | +0.0132% | 4h | $101K | $245K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.026% | +0.0050% | 1h | $22.2M | $7.8M | 20x | as long as short |
| Nado MSFT-PERP | −0.025% | +0.0001% | 1h | $460K | $5K | 20x | as long as short |
| Gate MSFT_USDT | −0.024% | 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 | |
|---|---|---|---|---|---|---|---|
| Phoenix MSFT | −0.014% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| Bybit MSFTUSDT | −0.006% | 0.0000% | 8h | $7.3M | $1.4M | 100x | as long as short |
| Vest MSFT-USD-PERP | −0.002% | +0.0046% | 1h | — | — | 25x | as long as short |
| BloFin MSFT-USDT | −0.002% | −0.0001% | 8h | $143K | $168K | 20x | as long as short |
| HTX MSFT-USDTlong | 0.000% | 0.0000% | 8h | $58K | $231K | 20x | |
| OKX MSFT-USDT-SWAP | +0.016% | 0.0000% | 8h | $3.0M | $1.6M | 20x | as long as short |
| SoDEX MSFT-USD | +0.018% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Bitget MSFTUSDT | +0.020% | 0.0000% | 8h | $3.6M | $1.7M | 100x | as long as short |
| QFEX MSFT-USD | +0.024% | +0.0042% | 1h | $1.2M | $4.1M | 10x | as long as short |
| Lighter RH MSFT | +0.030% | +0.0032% | 1h | $654K | $2.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.030% | 0.0000% | 1h | $27K | $112K | 10x | as long as short |
| Aevo MSFT-PERP | +0.031% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.033% | +0.0050% | 8h | $218 | — | 5x | as long as short |
| Injective MSFT/USDC PERP | +0.036% | +0.0220% | 1h | $114K | $154K | 30x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.038% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Variational Omni MSFTshort | +0.043% | 0.0000% | 8h | $1.2M | $708K | — | |
| Binance MSFTUSDT | +0.044% | +0.0007% | 8h | $15.6M | $15.1M | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.055% | +0.0008% | 1h | $329K | $380K | 17x | as long as short |
| Lighter MSFT | +0.056% | +0.0032% | 1h | $1.1M | $539K | 20x | as long as short |
| Arcus MSFT-USD | +0.059% | +0.0442% | 1h | $112K | $52K | 10x | as long as short |
| Phemex MSFTUSDT | +0.071% | 0.0000% | 8h | $2.1M | $568K | 10x | as long as short |
| Aster MSFTUSDT | +0.173% | 0.0000% | 8h | $156K | $80K | 20x | as long as short |
| SunX MSFT-USDT | +0.194% | 0.0000% | 8h | $6K | $4.4M | 20x | as long as short |