Spread before costs (cost unknown: a leg has no order-book sample)+0.073%
7d average—if it closes, per $10,000$7funding while held, a day+$2.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MSFT | 492.63 | 0.0032 | pay 0.0004% / 1h | 35m 25s | $676K | $2.0M | 20x |
| Short | Aevo MSFT-PERP | 492.99 | 0.0104 | get 0.0013% / 1h | 35m 25s | $54 | — | 10x |
Lighter RH MSFT
Aevo MSFT-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
- $7.33
- Funding while held
- $2.16
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$6.51
- Spread needed to break even
- 0.160%
Slippage unknown: Lighter RH: live order book, 4 min ago; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0072%
- Per $10,000 a day
- +$2.16
- 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 Lighter RH live order book, 4 min ago | 1.72 bp | 2.2 bp −$2 | 4.7 bp −$47 | 47.3 bp −$4,733 | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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.Ondo Perps492.40cheapestHotstuff492.52+0.024%Polymarket Perps492.57+0.035%Vest492.58+0.037%Paradex492.59+0.039%KuCoin492.62+0.045%
Ondo Perps
Hotstuff
Polymarket Perps
Vest
Paradex
KuCoinLighter RH492.63+0.047%
Lighter492.65+0.051%tradeXYZ492.67+0.055%QFEX492.68+0.057%Arcus492.70+0.061%Nado492.77+0.075%Gate492.77+0.075%Aster492.77+0.075%Deribit492.80+0.081%ApeX Omni492.81+0.083%OKX492.86+0.093%HTX492.89+0.100%Orderly492.91+0.104%SoDEX492.92+0.106%Extended492.98+0.117%
Lighter
tradeXYZ
QFEX
Arcus
Nado
Gate
Aster
Deribit
ApeX Omni
OKX
HTX
Orderly
SoDEX
ExtendedAevo492.99+0.120%
Binance493.01+0.124%Coinbase International493.01+0.124%Bitget493.03+0.128%Phoenix493.04+0.130%Bybit493.05+0.132%Variational Omni493.06+0.134%edgeX493.30+0.184%BloFin493.36+0.195%Injective493.40+0.203%Phemex493.58+0.240%SunX493.77+0.278%
Binance
Coinbase International
Bitget
Phoenix
Bybit
Variational Omni
BloFin
Injective
Phemex
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSFT-USD.P | −0.047% | +0.0050% | 1h | $536K | $372K | 15x | as long as short |
| Hotstuff MSFT-PERP | −0.022% | +0.0056% | 1h | $40K | — | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.012% | +0.0050% | 1h | $287K | $472K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.010% | +0.0046% | 1h | — | — | 25x | as long as short |
| Paradex MSFT-USD-PERP | −0.008% | +0.0052% | 8h | $217 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | −0.002% | +0.0100% | 8h | $1.4M | $7K | 20x | as long as short |
| Lighter RH MSFTlong | 0.000% | +0.0032% | 1h | $676K | $2.0M | 20x | |
| Lighter MSFT | +0.004% | +0.0032% | 1h | $1.1M | $529K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.008% | +0.0050% | 1h | $23.1M | $6.1M | 20x | as long as short |
| QFEX MSFT-USD | +0.010% | +0.0052% | 1h | $1.1M | $3.4M | 10x | as long as short |