Spread before costs (cost unknown: a leg has no order-book sample)+0.045%
7d average—if it closes, per $10,000$4funding while held, a day+$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MSFT-USDT-SWAP | 491.76 | 0 | get 0.0000% / 8h | 27m 25s | $3.1M | $1.4M | 20x |
| Short | SoDEX MSFT-USD | 491.98 | 0.0050 | get 0.0006% / 1h | 27m 25s | $59K | $3K | 10x |
OKX MSFT-USDT-SWAP
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
- $4.47
- Funding while held
- $1.5
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$12.03
- Spread needed to break even
- 0.180%
Slippage unknown: OKX: live order book, 1 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.50
- 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 OKX live order book, 1 min ago | 1.42 bp | 8.2 bp −$8 | 15.7 bp −$157 | doesn't fit | doesn't fit |
| 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.KuCoin491.36cheapestPolymarket Perps491.36cheapestVest491.38+0.004%Ondo Perps491.40+0.008%tradeXYZ491.42+0.012%Gate491.58+0.045%Lighter RH491.62+0.053%Paradex491.64+0.057%Arcus491.70+0.069%QFEX491.72+0.073%Extended491.72+0.074%Bitget491.74+0.077%ApeX Omni491.74+0.077%
KuCoin
Polymarket Perps
Vest
Ondo Perps
tradeXYZ
Gate
Lighter RH
Paradex
Arcus
QFEX
Extended
Bitget
ApeX OmniOKX491.76+0.081%
Phoenix491.76+0.081%Lighter491.78+0.085%Binance491.80+0.090%Bybit491.83+0.096%Hotstuff491.84+0.098%Deribit491.89+0.108%HTX491.90+0.110%Nado491.94+0.118%
Phoenix
Lighter
Binance
Bybit
Hotstuff
Deribit
HTX
NadoSoDEX491.98+0.126%
Orderly492.01+0.132%Aevo492.05+0.140%Aster492.12+0.155%edgeX492.25+0.181%BloFin492.32+0.195%Variational Omni492.52+0.236%Injective492.52+0.236%Phemex492.61+0.254%SunX492.76+0.285%Coinbase International493.01+0.336%
Orderly
Aevo
Aster
BloFin
Variational Omni
Injective
Phemex
SunX
Coinbase InternationalMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTM | −0.081% | +0.0100% | 8h | $1.4M | $7K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.081% | +0.0050% | 1h | $287K | $472K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.077% | +0.0046% | 1h | — | — | 25x | as long as short |
| Ondo Perps MSFT-USD.P | −0.073% | +0.0050% | 1h | $535K | $373K | 15x | as long as short |
| tradeXYZ xyz:MSFT | −0.069% | +0.0050% | 1h | $21.9M | $7.3M | 20x | as long as short |
| Gate MSFT_USDT | −0.037% | 0.0000% | 8h | $3.0M | $1.1M | 100x | as long as short |
| Lighter RH MSFT | −0.028% | +0.0032% | 1h | $679K | $2.0M | 20x | as long as short |
| Paradex MSFT-USD-PERP | −0.024% | +0.0052% | 8h | $216 | — | 5x | as long as short |
| Arcus MSFT-USD | −0.012% | +0.0325% | 1h | $112K | $48K | 10x | as long as short |
| QFEX MSFT-USD | −0.008% | +0.0052% | 1h | $1.1M | $3.5M | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MSFT_24_5-USD | −0.008% | +0.0008% | 1h | $327K | $380K | 17x | as long as short |
| Bitget MSFTUSDT | −0.004% | 0.0000% | 8h | $3.7M | $1.6M | 100x | as long as short |
| ApeX Omni MSFTUSDT | −0.004% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| OKX MSFT-USDT-SWAPlong | 0.000% | 0.0000% | 8h | $3.1M | $1.4M | 20x | |
| Phoenix MSFT | 0.000% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| Lighter MSFT | +0.004% | +0.0032% | 1h | $1.1M | $533K | 20x | as long as short |
| Binance MSFTUSDT | +0.008% | +0.0005% | 8h | $15.6M | $13.5M | 20x | as long as short |
| Bybit MSFTUSDT | +0.014% | 0.0000% | 8h | $7.4M | $1.1M | 100x | as long as short |
| Hotstuff MSFT-PERP | +0.016% | −0.0056% | 1h | $40K | — | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.026% | +0.0014% | 1h | $27K | $105K | 10x | as long as short |
| HTX MSFT-USDT | +0.028% | 0.0000% | 8h | $58K | $229K | 20x | as long as short |
| Nado MSFT-PERP | +0.036% | +0.0002% | 1h | $457K | $4K | 20x | as long as short |
| SoDEX MSFT-USDshort | +0.045% | +0.0050% | 1h | $59K | $3K | 10x | |
| Orderly PERP_MSFT_USDC_mythos | +0.051% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.059% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Aster MSFTUSDT | +0.073% | 0.0000% | 8h | $154K | $80K | 20x | as long as short |
| edgeX MSFTUSDC | +0.100% | −0.0362% | 4h | $100K | $243K | 10x | as long as short |
| BloFin MSFT-USDT | +0.114% | −0.0005% | 8h | $198K | $145K | 20x | as long as short |
| Variational Omni MSFT | +0.154% | 0.0000% | 8h | $1.2M | $690K | — | as long as short |
| Injective MSFT/USDC PERP | +0.155% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| Phemex MSFTUSDT | +0.173% | 0.0000% | 8h | $2.1M | $491K | 10x | as long as short |
| SunX MSFT-USDT | +0.203% | 0.0000% | 8h | $6K | $4.0M | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.254% | −0.0008% | 1h | $663K | $333K | 10x | as long as short |