Spread before costs (cost unknown: a leg has no order-book sample)+0.059%
7d average+0.108%if it closes, per $10,000$6funding while held, a day−$1.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSFT-USD.P | 494.45 | 0.0050 | pay 0.0006% / 1h | 34m 59s | $539K | $369K | 15x |
| Short | Aster MSFTUSDT | 494.74 | 0 | get 0.0000% / 8h | 1h 34m | $153K | $57K | 20x |
Ondo Perps MSFT-USD.P
Aster MSFTUSDTPrice 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
- $5.87
- Funding while held
- −$1.51
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$8.65
- Spread needed to break even
- 0.130%
Slippage unknown: Ondo Perps: no order-book sample; Aster: live order book, 18 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.51
- 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 18 min ago | 0.81 bp | 5.6 bp −$6 | 46.2 bp −$462 | doesn't fit | doesn't fit |
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.KuCoin494.04cheapesttradeXYZ494.12+0.016%Polymarket Perps494.24+0.040%Hotstuff494.31+0.055%Vest494.33+0.059%Lighter RH494.35+0.063%Deribit494.38+0.069%Gate494.42+0.077%
KuCoin
tradeXYZ
Polymarket Perps
Hotstuff
Vest
Lighter RH
Deribit
GateOndo Perps494.45+0.083%
ApeX Omni494.45+0.083%Extended494.46+0.084%Phoenix494.48+0.089%Nado494.50+0.093%Bybit494.53+0.099%Orderly494.53+0.099%Lighter494.57+0.107%SoDEX494.59+0.111%Arcus494.60+0.113%Bitget494.60+0.113%Paradex494.60+0.114%Aevo494.62+0.117%HTX494.63+0.119%Binance494.64+0.122%QFEX494.69+0.132%
ApeX Omni
Extended
Phoenix
Nado
Bybit
Orderly
Lighter
SoDEX
Arcus
Bitget
Paradex
Aevo
HTX
Binance
QFEXAster494.74+0.142%
edgeX494.75+0.144%BloFin494.78+0.150%OKX494.80+0.154%Variational Omni494.86+0.167%Phemex495.14+0.223%Injective495.17+0.229%Coinbase International495.20+0.235%SunX495.64+0.324%
BloFin
OKX
Variational Omni
Phemex
Injective
Coinbase International
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTM | −0.083% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.067% | +0.0050% | 1h | $23.2M | $5.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.042% | +0.0050% | 1h | $292K | $411K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.028% | −0.1584% | 1h | $40K | — | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.024% | +0.0046% | 1h | — | — | 25x | as long as short |
| Lighter RH MSFT | −0.020% | +0.0032% | 1h | $693K | $2.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.014% | 0.0000% | 1h | $27K | $97K | 10x | as long as short |
| Gate MSFT_USDT | −0.006% | 0.0000% | 8h | $3.1M | $958K | 100x | as long as short |
| Ondo Perps MSFT-USD.Plong | 0.000% | +0.0050% | 1h | $539K | $369K | 15x | |
| ApeX Omni MSFTUSDT | 0.000% | +0.0100% | 1h | $157K | $7K | 50x | 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 | +0.001% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| Phoenix MSFT | +0.006% | +0.0016% | 1h | $10K | $15K | 20x | as long as short |
| Nado MSFT-PERP | +0.010% | −0.0017% | 1h | $459K | $3K | 20x | as long as short |
| Bybit MSFTUSDT | +0.016% | 0.0000% | 8h | $7.2M | $923K | 100x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.016% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Lighter MSFT | +0.024% | +0.0032% | 1h | $1.1M | $522K | 20x | as long as short |
| SoDEX MSFT-USD | +0.028% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Arcus MSFT-USD | +0.030% | +0.0151% | 1h | $112K | $49K | 10x | as long as short |
| Bitget MSFTUSDT | +0.030% | 0.0000% | 8h | $3.8M | $1.5M | 100x | as long as short |
| Paradex MSFT-USD-PERP | +0.031% | +0.0053% | 8h | $218 | — | 5x | as long as short |
| Aevo MSFT-PERP | +0.034% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| HTX MSFT-USDT | +0.036% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| Binance MSFTUSDT | +0.039% | 0.0000% | 8h | $15.7M | $11.8M | 20x | as long as short |
| QFEX MSFT-USD | +0.049% | +0.0038% | 1h | $1.1M | $3.1M | 10x | as long as short |
| Aster MSFTUSDTshort | +0.059% | 0.0000% | 8h | $153K | $57K | 20x | |
| edgeX MSFTUSDC | +0.061% | −0.0010% | 4h | $101K | $244K | 10x | as long as short |
| BloFin MSFT-USDT | +0.067% | +0.0026% | 8h | $191K | $123K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.071% | 0.0000% | 8h | $3.0M | $886K | 20x | as long as short |
| Variational Omni MSFT | +0.084% | 0.0000% | 8h | $1.3M | $652K | — | as long as short |
| Phemex MSFTUSDT | +0.140% | 0.0000% | 8h | $2.1M | $417K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.146% | +0.0220% | 1h | $158K | $140K | 30x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.152% | −0.0016% | 1h | $666K | $327K | 10x | as long as short |
| SunX MSFT-USDT | +0.241% | 0.0000% | 8h | $6K | $3.4M | 20x | as long as short |