Spread before costs (cost unknown: a leg has no order-book sample)−0.266%
7d average−0.024%if it closes, per $10,000$27funding while held, a day−$5.09
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MSFT/USDC PERP | 500.11 | 0.0220 | pay 0.0028% / 1h | 52m 20s | $115K | $88K | 30x |
| Short | Ondo Perps MSFT-USD.P | 498.78 | 0.0050 | get 0.0006% / 1h | 52m 20s | $510K | $451K | 15x |
Injective MSFT/USDC PERP
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
- −$26.59
- Funding while held
- −$5.09
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$36.7
- Spread needed to break even
- 0.050%
Slippage unknown: Injective: live order book, 48 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0170%
- Per $10,000 a day
- −$5.09
- 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 Injective live order book, 48 min ago | 10.05 bp | 10.1 bp −$10 | 10.1 bp −$101 | 65073.9 bp −$6.51M | 365368.4 bp −$182.68M |
| 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.Coinbase International497.09cheapestKuCoin498.60+0.304%ApeX Omni498.72+0.328%Polymarket Perps498.72+0.328%Hotstuff498.76+0.336%Nado498.78+0.339%
Coinbase International
KuCoin
ApeX Omni
Polymarket Perps
Hotstuff
NadoOndo Perps498.78+0.340%
tradeXYZ498.81+0.346%Gate498.90+0.364%Phoenix498.97+0.378%Vest499.02+0.388%Paradex499.02+0.389%OKX499.03+0.390%HTX499.03+0.390%Arcus499.09+0.402%Deribit499.10+0.404%QFEX499.11+0.406%Lighter RH499.13+0.410%Bitget499.13+0.410%Extended499.15+0.415%Aster499.16+0.416%Binance499.16+0.416%Orderly499.17+0.418%SoDEX499.18+0.420%BloFin499.22+0.428%edgeX499.23+0.430%Aevo499.23+0.431%Bybit499.25+0.435%Variational Omni499.28+0.441%Lighter499.36+0.457%Phemex499.38+0.461%SunX499.94+0.573%
tradeXYZ
Gate
Phoenix
Vest
Paradex
OKX
HTX
Arcus
Deribit
QFEX
Lighter RH
Bitget
Extended
Aster
Binance
Orderly
SoDEX
BloFin
Aevo
Bybit
Variational Omni
Lighter
Phemex
SunXInjective500.11+0.608%
MSFT 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 | −0.604% | −0.0056% | 1h | $675K | $352K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.302% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.278% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| Polymarket Perps MSFT-USD | −0.278% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.270% | +0.0016% | 1h | $40K | — | 20x | as long as short |
| Nado MSFT-PERP | −0.266% | −0.0014% | 1h | $447K | $24K | 20x | as long as short |
| Ondo Perps MSFT-USD.Pshort | −0.266% | +0.0050% | 1h | $510K | $451K | 15x | |
| tradeXYZ xyz:MSFT | −0.260% | +0.0050% | 1h | $21.8M | $8.6M | 20x | as long as short |
| Gate MSFT_USDT | −0.242% | 0.0000% | 8h | $3.1M | $1.4M | 100x | as long as short |
| Phoenix MSFT | −0.228% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |