Spread before costs (cost unknown: a leg has no order-book sample)−0.166%
7d average—if it closes, per $10,000$17funding while held, a day−$5.10
| 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 | 47m 50s | $115K | $88K | 30x |
| Short | SoDEX MSFT-USD | 499.28 | 0.0050 | get 0.0006% / 1h | 47m 50s | $60K | $3K | 10x |
Injective MSFT/USDC PERP
SoDEX MSFT-USDPrice 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
- −$16.6
- Funding while held
- −$5.1
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$29.72
- Spread needed to break even
- 0.080%
Slippage unknown: Injective: live order book, 53 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0170%
- Per $10,000 a day
- −$5.10
- 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, 53 min ago | 10.05 bp | 10.1 bp −$10 | 10.1 bp −$101 | 65073.9 bp −$6.51M | 365368.4 bp −$182.68M |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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.KuCoin498.79cheapestPolymarket Perps498.97+0.036%Coinbase International499.03+0.048%tradeXYZ499.04+0.050%Gate499.06+0.054%Hotstuff499.09+0.060%Aster499.16+0.074%Ondo Perps499.16+0.074%Nado499.18+0.078%Variational Omni499.24+0.090%Deribit499.24+0.090%edgeX499.24+0.091%Lighter RH499.25+0.092%HTX499.26+0.094%
KuCoin
Polymarket Perps
Coinbase International
tradeXYZ
Gate
Hotstuff
Aster
Ondo Perps
Nado
Variational Omni
Deribit
Lighter RH
HTXSoDEX499.28+0.098%
ApeX Omni499.33+0.108%Bitget499.35+0.112%Extended499.35+0.113%Vest499.36+0.114%Paradex499.36+0.114%Orderly499.38+0.118%Binance499.39+0.120%Arcus499.39+0.120%Bybit499.40+0.122%Aevo499.41+0.123%QFEX499.43+0.128%Phemex499.47+0.136%Phoenix499.49+0.140%Lighter499.51+0.144%OKX499.53+0.148%BloFin499.62+0.166%
ApeX Omni
Bitget
Extended
Vest
Paradex
Orderly
Binance
Arcus
Bybit
Aevo
QFEX
Phemex
Phoenix
Lighter
OKX
BloFinInjective500.11+0.265%
SunX500.32+0.307%
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTM | −0.264% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.228% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.216% | −0.0056% | 1h | $678K | $355K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.214% | +0.0050% | 1h | $21.8M | $8.6M | 20x | as long as short |
| Gate MSFT_USDT | −0.210% | 0.0000% | 8h | $3.0M | $1.4M | 100x | as long as short |
| Hotstuff MSFT-PERP | −0.204% | +0.0112% | 1h | $40K | — | 20x | as long as short |
| Aster MSFTUSDT | −0.190% | 0.0000% | 8h | $157K | $80K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.190% | +0.0050% | 1h | $510K | $451K | 15x | as long as short |
| Nado MSFT-PERP | −0.186% | −0.0023% | 1h | $448K | $24K | 20x | as long as short |
| Variational Omni MSFT | −0.174% | 0.0000% | 8h | $1.3M | $717K | — | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit MSFT_USDC-PERPETUAL | −0.174% | 0.0000% | 1h | $27K | $114K | 10x | as long as short |
| edgeX MSFTUSDC | −0.173% | −0.0722% | 4h | $102K | $244K | 10x | as long as short |
| Lighter RH MSFT | −0.172% | +0.0032% | 1h | $660K | $2.1M | 20x | as long as short |
| HTX MSFT-USDT | −0.170% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| SoDEX MSFT-USDshort | −0.166% | +0.0050% | 1h | $60K | $3K | 10x | |
| ApeX Omni MSFTUSDT | −0.156% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| Bitget MSFTUSDT | −0.152% | +0.0005% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Extended MSFT_24_5-USD | −0.151% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Vest MSFT-USD-PERP | −0.150% | +0.0046% | 1h | — | — | 25x | as long as short |
| Paradex MSFT-USD-PERP | −0.150% | +0.0050% | 8h | $220 | — | 5x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.146% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Binance MSFTUSDT | −0.145% | 0.0000% | 8h | $15.6M | $16.7M | 20x | as long as short |
| Arcus MSFT-USD | −0.144% | +0.0573% | 1h | $111K | $75K | 10x | as long as short |
| Bybit MSFTUSDT | −0.142% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| Aevo MSFT-PERP | −0.141% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| QFEX MSFT-USD | −0.136% | +0.0044% | 1h | $1.2M | $4.6M | 10x | as long as short |
| Phemex MSFTUSDT | −0.128% | 0.0000% | 8h | $2.1M | $644K | 10x | as long as short |
| Phoenix MSFT | −0.124% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| Lighter MSFT | −0.120% | +0.0064% | 1h | $1.1M | $537K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | −0.116% | 0.0000% | 8h | $3.1M | $2.1M | 20x | as long as short |
| BloFin MSFT-USDT | −0.098% | +0.0020% | 8h | $193K | $186K | 20x | as long as short |
| Injective MSFT/USDC PERPlong | 0.000% | +0.0220% | 1h | $115K | $88K | 30x | |
| SunX MSFT-USDT | +0.042% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |