Spread before costs (cost unknown: a leg has no order-book sample)+0.053%
7d average+0.057%if it closes, per $10,000$5funding 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 | 493.99 | 0.0050 | pay 0.0006% / 1h | 48m 05s | $534K | $383K | 15x |
| Short | Gate MSFT_USDT | 494.25 | 0 | get 0.0000% / 8h | 7h 48m | $3.1M | $1.2M | 100x |
Ondo Perps MSFT-USD.P
Gate MSFT_USDTPrice 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
- $5.26
- Funding while held
- −$1.51
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$16.25
- Spread needed to break even
- 0.200%
Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago | 4.35 bp | 15.0 bp −$15 | 37.5 bp −$375 | 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.Coinbase International493.02cheapestKuCoin493.91+0.181%
Coinbase International
KuCoinOndo Perps493.99+0.197%
Hotstuff494.10+0.219%Polymarket Perps494.10+0.219%tradeXYZ494.13+0.225%
Hotstuff
Polymarket Perps
tradeXYZGate494.25+0.249%
Nado494.30+0.259%HTX494.30+0.260%Vest494.32+0.264%Lighter RH494.35+0.270%SoDEX494.35+0.270%Aster494.36+0.272%Deribit494.38+0.276%Binance494.41+0.282%Injective494.42+0.284%Bybit494.43+0.286%Paradex494.44+0.288%Lighter494.45+0.290%Bitget494.45+0.290%Aevo494.45+0.291%Orderly494.49+0.298%BloFin494.49+0.298%Arcus494.50+0.300%Extended494.51+0.303%QFEX494.52+0.304%OKX494.53+0.306%ApeX Omni494.53+0.306%Phoenix494.54+0.308%Phemex494.62+0.325%Variational Omni494.70+0.341%edgeX494.87+0.375%SunX495.27+0.456%
Nado
HTX
Vest
Lighter RH
SoDEX
Aster
Deribit
Binance
Injective
Bybit
Paradex
Lighter
Bitget
Aevo
Orderly
BloFin
Arcus
Extended
QFEX
OKX
ApeX Omni
Phoenix
Phemex
Variational Omni
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.196% | 0.0000% | 1h | $664K | $337K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.016% | +0.0100% | 8h | $1.5M | $7K | 20x | as long as short |
| Ondo Perps MSFT-USD.Plong | 0.000% | +0.0050% | 1h | $534K | $383K | 15x | |
| Hotstuff MSFT-PERP | +0.022% | +0.0064% | 1h | $40K | — | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.022% | +0.0050% | 1h | $288K | $478K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.028% | +0.0050% | 1h | $21.9M | $7.5M | 20x | as long as short |
| Gate MSFT_USDTshort | +0.053% | 0.0000% | 8h | $3.1M | $1.2M | 100x | |
| Nado MSFT-PERP | +0.062% | −0.0027% | 1h | $459K | $5K | 20x | as long as short |
| HTX MSFT-USDT | +0.063% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.067% | +0.0046% | 1h | — | — | 25x | as long as short |