Spread before costs (cost unknown: a leg has no order-book sample)+0.020%
7d average−0.014%if it closes, per $10,000$2funding while held, a day−$1.49
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSFTUSDTM | 496.02 | 0.0100 | pay 0.0100% / 8h | 7h 12m | $1.5M | $9K | 20x |
| Short | Ondo Perps MSFT-USD.P | 496.12 | 0.0050 | get 0.0006% / 1h | 12m 15s | $513K | $419K | 15x |
KuCoin MSFTUSDTM
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
- $2.02
- Funding while held
- −$1.49
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$16.47
- Spread needed to break even
- 0.170%
Slippage unknown: KuCoin: live order book, 10 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
- −$1.49
- 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 KuCoin live order book, 10 min ago | 8.79 bp | 68.4 bp −$68 | doesn't fit | 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.ApeX Omni495.49cheapestPhoenix495.59+0.020%edgeX495.73+0.048%Injective495.84+0.071%Variational Omni495.87+0.077%
ApeX Omni
Phoenix
Injective
Variational OmniKuCoin496.02+0.107%
Ondo Perps496.12+0.127%
Nado496.18+0.139%Hotstuff496.19+0.141%Polymarket Perps496.19+0.141%BloFin496.24+0.151%tradeXYZ496.33+0.170%Gate496.33+0.170%Vest496.37+0.178%Coinbase International496.40+0.184%Paradex496.41+0.186%Bybit496.45+0.194%HTX496.45+0.194%OKX496.48+0.200%QFEX496.49+0.202%SoDEX496.52+0.208%Aevo496.57+0.218%Lighter RH496.58+0.220%Deribit496.58+0.220%Phemex496.60+0.224%Arcus496.62+0.228%Orderly496.62+0.228%Binance496.64+0.232%Bitget496.65+0.234%Extended496.70+0.244%Aster496.74+0.252%Lighter496.76+0.256%SunX497.42+0.390%
Nado
Hotstuff
Polymarket Perps
BloFin
tradeXYZ
Gate
Vest
Coinbase International
Paradex
Bybit
HTX
OKX
QFEX
SoDEX
Aevo
Lighter RH
Deribit
Phemex
Arcus
Orderly
Binance
Bitget
Extended
Aster
Lighter
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSFTUSDT | −0.107% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Phoenix MSFT | −0.087% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| edgeX MSFTUSDC | −0.058% | +0.0618% | 4h | $101K | $245K | 10x | as long as short |
| Injective MSFT/USDC PERP | −0.036% | +0.0220% | 1h | $114K | $154K | 30x | as long as short |
| Variational Omni MSFT | −0.030% | 0.0000% | 8h | $1.2M | $708K | — | as long as short |
| KuCoin MSFTUSDTMlong | 0.000% | +0.0100% | 8h | $1.5M | $9K | 20x | |
| Ondo Perps MSFT-USD.Pshort | +0.020% | +0.0050% | 1h | $513K | $419K | 15x | |
| Nado MSFT-PERP | +0.032% | 0.0000% | 1h | $461K | $5K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.034% | −0.1600% | 1h | $40K | — | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.034% | +0.0050% | 1h | $301K | $468K | 10x | as long as short |