Spread before costs (cost unknown: a leg has no order-book sample)−0.024%
7d average+0.015%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 | Ondo Perps MSFT-USD.P | 498.92 | 0.0050 | pay 0.0006% / 1h | 7m 25s | $510K | $453K | 15x |
| Short | KuCoin MSFTUSDTM | 498.80 | 0.0100 | get 0.0100% / 8h | 5h 07m | $1.5M | $11K | 20x |
Ondo Perps MSFT-USD.P
KuCoin MSFTUSDTMPrice 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
- −$2.41
- Funding while held
- $1.49
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$17.92
- Spread needed to break even
- 0.170%
Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 5 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 5 min ago | 12.23 bp | 78.1 bp −$78 | doesn't fit | 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.Polymarket Perps498.54cheapesttradeXYZ498.63+0.018%Nado498.70+0.033%Injective498.75+0.042%Deribit498.79+0.050%
Polymarket Perps
tradeXYZ
Nado
Injective
DeribitKuCoin498.80+0.052%
Gate498.81+0.054%Hotstuff498.89+0.070%Vest498.89+0.070%ApeX Omni498.90+0.072%OKX498.91+0.074%
Gate
Hotstuff
Vest
ApeX Omni
OKXOndo Perps498.92+0.076%
HTX498.92+0.076%SoDEX498.95+0.082%Binance498.96+0.085%Phoenix498.97+0.086%Bitget498.98+0.088%Orderly498.98+0.088%Bybit499.00+0.092%Arcus499.00+0.092%Extended499.01+0.094%Aevo499.03+0.098%QFEX499.04+0.100%Lighter RH499.05+0.102%Paradex499.08+0.108%Lighter499.11+0.114%Aster499.12+0.116%Phemex499.15+0.122%Variational Omni499.29+0.150%BloFin499.31+0.154%Coinbase International499.37+0.166%edgeX499.44+0.181%SunX499.79+0.251%
HTX
SoDEX
Binance
Phoenix
Bitget
Orderly
Bybit
Arcus
Extended
Aevo
QFEX
Lighter RH
Paradex
Lighter
Aster
Phemex
Variational Omni
BloFin
Coinbase International
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MSFT-USD | −0.076% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.058% | +0.0050% | 1h | $22.2M | $8.9M | 20x | as long as short |
| Nado MSFT-PERP | −0.043% | −0.0004% | 1h | $446K | $25K | 20x | as long as short |
| Injective MSFT/USDC PERP | −0.034% | +0.0220% | 1h | $114K | $88K | 30x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.026% | 0.0000% | 1h | $27K | $114K | 10x | as long as short |
| KuCoin MSFTUSDTMshort | −0.024% | +0.0100% | 8h | $1.5M | $11K | 20x | |
| Gate MSFT_USDT | −0.022% | 0.0000% | 8h | $3.0M | $1.4M | 100x | as long as short |
| Hotstuff MSFT-PERP | −0.006% | +0.0112% | 1h | $40K | — | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.006% | +0.0046% | 1h | — | — | 25x | as long as short |
| ApeX Omni MSFTUSDT | −0.004% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX MSFT-USDT-SWAP | −0.002% | 0.0000% | 8h | $3.0M | $2.1M | 20x | as long as short |
| Ondo Perps MSFT-USD.Plong | 0.000% | +0.0050% | 1h | $510K | $453K | 15x | |
| HTX MSFT-USDT | 0.000% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| SoDEX MSFT-USD | +0.006% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Binance MSFTUSDT | +0.009% | 0.0000% | 8h | $15.6M | $17.2M | 20x | as long as short |
| Phoenix MSFT | +0.010% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| Bitget MSFTUSDT | +0.012% | +0.0032% | 8h | $3.7M | $1.8M | 100x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.012% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Bybit MSFTUSDT | +0.016% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| Arcus MSFT-USD | +0.016% | +0.0573% | 1h | $112K | $75K | 10x | as long as short |
| Extended MSFT_24_5-USD | +0.018% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Aevo MSFT-PERP | +0.022% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| QFEX MSFT-USD | +0.024% | +0.0044% | 1h | $1.2M | $5.0M | 10x | as long as short |
| Lighter RH MSFT | +0.026% | +0.0032% | 1h | $657K | $2.1M | 20x | as long as short |
| Paradex MSFT-USD-PERP | +0.031% | +0.0050% | 8h | $220 | — | 5x | as long as short |
| Lighter MSFT | +0.038% | +0.0072% | 1h | $1.1M | $548K | 20x | as long as short |
| Aster MSFTUSDT | +0.040% | 0.0000% | 8h | $156K | $86K | 20x | as long as short |
| Phemex MSFTUSDT | +0.046% | 0.0000% | 8h | $2.1M | $677K | 10x | as long as short |
| Variational Omni MSFT | +0.074% | 0.0000% | 8h | $1.3M | $704K | — | as long as short |
| BloFin MSFT-USDT | +0.078% | +0.0029% | 8h | $192K | $195K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.090% | −0.0056% | 1h | $685K | $364K | 10x | as long as short |
| edgeX MSFTUSDC | +0.104% | +0.0640% | 4h | $102K | $243K | 10x | as long as short |
| SunX MSFT-USDT | +0.174% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |