Spread before costs (cost unknown: a leg has no order-book sample)+0.016%
7d average—if it closes, per $10,000$2funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MSFT_USDC_mythos | 495.57 | 0.0100 | pay 0.0100% / 8h | 2h 31m | $8K | — | 10x |
| Short | Binance MSFTUSDT | 495.65 | 0 | get 0.0000% / 8h | 2h 31m | $15.8M | $7.2M | 20x |
Orderly PERP_MSFT_USDC_mythos
Binance 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
- $1.61
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$17.39
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 11 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 11 min ago | 0.10 bp | 5.5 bp −$5 | 10.2 bp −$102 | 36.0 bp −$3,602 | doesn't fit |
Orderly: 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.ApeX Omni494.59cheapestPhoenix494.80+0.042%SoDEX494.97+0.077%Hotstuff494.99+0.081%tradeXYZ495.12+0.107%KuCoin495.14+0.111%Ondo Perps495.16+0.115%Arcus495.21+0.125%edgeX495.22+0.127%Nado495.29+0.141%Polymarket Perps495.36+0.156%Injective495.37+0.158%Coinbase International495.39+0.162%Vest495.43+0.170%Bybit495.48+0.180%Lighter RH495.49+0.182%Bitget495.55+0.194%Paradex495.56+0.196%Gate495.56+0.196%
ApeX Omni
Phoenix
SoDEX
Hotstuff
tradeXYZ
KuCoin
Ondo Perps
Arcus
Nado
Polymarket Perps
Injective
Coinbase International
Vest
Bybit
Lighter RH
Bitget
Paradex
GateOrderly495.57+0.198%
Lighter495.61+0.206%Deribit495.63+0.210%
Lighter
DeribitBinance495.65+0.214%
QFEX495.66+0.216%Aevo495.68+0.221%Extended495.70+0.224%OKX495.71+0.226%HTX495.80+0.245%Aster495.81+0.248%Variational Omni495.93+0.272%BloFin496.04+0.293%Phemex496.06+0.297%SunX496.75+0.437%
QFEX
Aevo
Extended
OKX
HTX
Aster
Variational Omni
BloFin
Phemex
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSFTUSDT | −0.198% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Phoenix MSFT | −0.155% | +0.0032% | 1h | $10K | $15K | 20x | as long as short |
| SoDEX MSFT-USD | −0.121% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.117% | −0.1600% | 1h | $40K | — | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.091% | +0.0050% | 1h | $23.4M | $5.2M | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.087% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.083% | +0.0050% | 1h | $530K | $325K | 15x | as long as short |
| Arcus MSFT-USD | −0.073% | +0.0298% | 1h | $112K | $49K | 10x | as long as short |
| edgeX MSFTUSDC | −0.071% | +0.0318% | 4h | $101K | $244K | 10x | as long as short |
| Nado MSFT-PERP | −0.057% | −0.0007% | 1h | $460K | $1K | 20x | as long as short |