Spread before costs (cost unknown: a leg has no order-book sample)+0.063%
7d average—if it closes, per $10,000$6funding while held, a day−$2.04
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MSFT_USDC_mythos | 494.41 | 0.0100 | pay 0.0100% / 8h | 1h 34m | $8K | — | 10x |
| Short | Lighter MSFT | 494.72 | 0.0032 | get 0.0004% / 1h | 34m 19s | $1.1M | $522K | 20x |
Orderly PERP_MSFT_USDC_mythos
Lighter MSFTPrice 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
- $6.27
- Funding while held
- −$2.04
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$1.77
- Spread needed to break even
- 0.060%
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0068%
- Per $10,000 a day
- −$2.04
- 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 Lighter live order book, 3 min ago | 0.81 bp | 2.2 bp −$2 | 9.1 bp −$91 | doesn't fit | 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.Polymarket Perps493.91cheapesttradeXYZ493.92+0.002%KuCoin493.99+0.016%Vest494.07+0.032%Nado494.15+0.049%Ondo Perps494.23+0.065%Arcus494.24+0.067%Gate494.27+0.073%Hotstuff494.31+0.081%Deribit494.36+0.091%Paradex494.36+0.092%Bybit494.41+0.101%
Polymarket Perps
tradeXYZ
KuCoin
Vest
Nado
Ondo Perps
Arcus
Gate
Hotstuff
Deribit
Paradex
BybitOrderly494.41+0.101%
ApeX Omni494.45+0.109%Extended494.46+0.111%Bitget494.47+0.113%Phoenix494.48+0.115%Lighter RH494.50+0.119%QFEX494.51+0.121%Aevo494.52+0.124%Aster494.56+0.131%SoDEX494.60+0.140%OKX494.62+0.144%HTX494.64+0.148%
ApeX Omni
Extended
Bitget
Phoenix
Lighter RH
QFEX
Aevo
Aster
SoDEX
OKX
HTXLighter494.72+0.164%
edgeX494.75+0.170%Binance494.75+0.171%BloFin494.78+0.176%Variational Omni494.86+0.193%Phemex495.14+0.249%Injective495.17+0.255%Coinbase International495.20+0.261%SunX495.64+0.350%
Binance
BloFin
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 | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MSFT-USD | −0.101% | +0.0050% | 1h | $291K | $411K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.099% | +0.0050% | 1h | $23.2M | $5.9M | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.085% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.069% | +0.0046% | 1h | — | — | 25x | as long as short |
| Nado MSFT-PERP | −0.052% | −0.0017% | 1h | $459K | $3K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.036% | +0.0050% | 1h | $539K | $369K | 15x | as long as short |
| Arcus MSFT-USD | −0.034% | +0.0151% | 1h | $112K | $49K | 10x | as long as short |
| Gate MSFT_USDT | −0.028% | 0.0000% | 8h | $3.1M | $960K | 100x | as long as short |
| Hotstuff MSFT-PERP | −0.020% | −0.1584% | 1h | $40K | — | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.010% | 0.0000% | 1h | $27K | $97K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MSFT-USD-PERP | −0.009% | +0.0052% | 8h | $218 | — | 5x | as long as short |
| Bybit MSFTUSDT | 0.000% | 0.0000% | 8h | $7.2M | $923K | 100x | as long as short |
| Orderly PERP_MSFT_USDC_mythoslong | 0.000% | +0.0100% | 8h | $8K | — | 10x | |
| ApeX Omni MSFTUSDT | +0.008% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Extended MSFT_24_5-USD | +0.010% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| Bitget MSFTUSDT | +0.012% | 0.0000% | 8h | $3.8M | $1.5M | 100x | as long as short |
| Phoenix MSFT | +0.014% | +0.0016% | 1h | $10K | $15K | 20x | as long as short |
| Lighter RH MSFT | +0.018% | +0.0032% | 1h | $693K | $2.1M | 20x | as long as short |
| QFEX MSFT-USD | +0.020% | +0.0038% | 1h | $1.1M | $3.1M | 10x | as long as short |
| Aevo MSFT-PERP | +0.023% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Aster MSFTUSDT | +0.030% | 0.0000% | 8h | $153K | $57K | 20x | as long as short |
| SoDEX MSFT-USD | +0.038% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.042% | 0.0000% | 8h | $3.0M | $886K | 20x | as long as short |
| HTX MSFT-USDT | +0.047% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| Lighter MSFTshort | +0.063% | +0.0032% | 1h | $1.1M | $522K | 20x | |
| edgeX MSFTUSDC | +0.069% | −0.0010% | 4h | $101K | $244K | 10x | as long as short |
| Binance MSFTUSDT | +0.069% | 0.0000% | 8h | $15.7M | $11.8M | 20x | as long as short |
| BloFin MSFT-USDT | +0.075% | +0.0026% | 8h | $191K | $123K | 20x | as long as short |
| Variational Omni MSFT | +0.092% | 0.0000% | 8h | $1.3M | $652K | — | as long as short |
| Phemex MSFTUSDT | +0.148% | 0.0000% | 8h | $2.1M | $418K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.154% | +0.0220% | 1h | $158K | $140K | 30x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.160% | −0.0016% | 1h | $666K | $327K | 10x | as long as short |
| SunX MSFT-USDT | +0.249% | 0.0000% | 8h | $6K | $3.4M | 20x | as long as short |