Spread before costs (cost unknown: a leg has no order-book sample)+0.085%
7d average+0.061%if it closes, per $10,000$8funding while held, a day−$1.54
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSFT-USD.P | 491.80 | 0.0050 | pay 0.0006% / 1h | 30m 32s | $535K | $373K | 15x |
| Short | Nado MSFT-PERP | 492.22 | −0.0001 | pay 0.0000% / 1h | 30m 32s | $457K | $4K | 20x |
Ondo Perps MSFT-USD.P
Nado 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
- $8.49
- Funding while held
- −$1.54
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$5.04
- Spread needed to break even
- 0.120%
Slippage unknown: Ondo Perps: no order-book sample; Nado: live order book, 19 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0051%
- Per $10,000 a day
- −$1.54
- 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 Nado live order book, 19 min ago | 0.61 bp | 6.7 bp −$7 | 15.3 bp −$153 | 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.Ondo Perps491.80cheapest
KuCoin491.84+0.008%tradeXYZ491.93+0.026%Polymarket Perps491.97+0.035%Vest492.01+0.043%Hotstuff492.02+0.045%Gate492.02+0.045%QFEX492.16+0.073%Extended492.18+0.076%Lighter RH492.18+0.077%Paradex492.18+0.078%Arcus492.19+0.079%Binance492.20+0.081%
KuCoin
tradeXYZ
Polymarket Perps
Vest
Hotstuff
Gate
QFEX
Extended
Lighter RH
Paradex
Arcus
BinanceNado492.22+0.085%
Deribit492.24+0.089%Bybit492.26+0.094%Lighter492.27+0.096%Bitget492.29+0.100%Orderly492.30+0.102%OKX492.33+0.108%HTX492.36+0.114%SoDEX492.39+0.120%Aevo492.39+0.120%Phoenix492.42+0.126%BloFin492.43+0.128%ApeX Omni492.46+0.134%Variational Omni492.52+0.146%Injective492.52+0.146%Phemex492.66+0.175%Aster492.71+0.185%edgeX492.88+0.220%Coinbase International493.01+0.246%SunX493.25+0.295%
Deribit
Bybit
Lighter
Bitget
Orderly
OKX
HTX
SoDEX
Aevo
Phoenix
BloFin
ApeX Omni
Variational Omni
Injective
Phemex
Aster
Coinbase International
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.Plong | 0.000% | +0.0050% | 1h | $535K | $373K | 15x | |
| KuCoin MSFTUSDTM | +0.008% | +0.0100% | 8h | $1.4M | $7K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.026% | +0.0050% | 1h | $23.0M | $6.3M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.035% | +0.0050% | 1h | $287K | $472K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.043% | +0.0046% | 1h | — | — | 25x | as long as short |
| Hotstuff MSFT-PERP | +0.045% | +0.0040% | 1h | $40K | — | 20x | as long as short |
| Gate MSFT_USDT | +0.045% | 0.0000% | 8h | $3.0M | $1.0M | 100x | as long as short |
| QFEX MSFT-USD | +0.073% | +0.0052% | 1h | $1.1M | $3.4M | 10x | as long as short |
| Extended MSFT_24_5-USD | +0.076% | 0.0000% | 1h | $327K | $380K | 17x | as long as short |
| Lighter RH MSFT | +0.077% | +0.0032% | 1h | $684K | $2.0M | 20x | as long as short |