Spread before costs (cost unknown: a leg has no order-book sample)−0.030%
7d average—if it closes, per $10,000$3funding 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 | 494.18 | 0.0100 | pay 0.0100% / 8h | 1h 25m | $8K | — | 10x |
| Short | Lighter RH MSFT | 494.03 | 0.0032 | get 0.0004% / 1h | 25m 47s | $688K | $2.1M | 20x |
Orderly PERP_MSFT_USDC_mythos
Lighter RH 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
- −$3.04
- Funding while held
- −$2.04
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$11.08
- Spread needed to break even
- 0.060%
Slippage unknown: Orderly: no order-book sample; Lighter RH: live order book, 4 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 RH live order book, 4 min ago | 2.93 bp | 2.9 bp −$3 | 5.7 bp −$57 | 39.7 bp −$3,965 | 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.Coinbase International493.47cheapesttradeXYZ493.56+0.018%edgeX493.73+0.053%Phoenix493.79+0.065%Gate493.81+0.069%Extended493.87+0.081%KuCoin493.88+0.083%Polymarket Perps493.88+0.083%ApeX Omni493.96+0.099%Aster493.99+0.106%
Coinbase International
tradeXYZ
Phoenix
Gate
Extended
KuCoin
Polymarket Perps
ApeX Omni
AsterLighter RH494.03+0.113%
Bybit494.04+0.116%Bitget494.05+0.118%Vest494.05+0.118%Deribit494.05+0.118%Binance494.08+0.124%Nado494.13+0.133%OKX494.15+0.138%Arcus494.18+0.144%
Bybit
Bitget
Vest
Deribit
Binance
Nado
OKX
ArcusOrderly494.18+0.144%
SoDEX494.18+0.144%Lighter494.27+0.162%Aevo494.27+0.162%HTX494.30+0.168%Hotstuff494.31+0.170%Ondo Perps494.32+0.172%Injective494.32+0.172%QFEX494.34+0.176%Paradex494.51+0.210%BloFin494.73+0.255%Variational Omni494.75+0.260%Phemex494.86+0.282%SunX495.18+0.347%
SoDEX
Lighter
Aevo
HTX
Hotstuff
Ondo Perps
Injective
QFEX
Paradex
BloFin
Variational Omni
Phemex
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 | −0.144% | −0.0016% | 1h | $662K | $330K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.125% | +0.0050% | 1h | $23.2M | $5.9M | 20x | as long as short |
| edgeX MSFTUSDC | −0.090% | −0.0564% | 4h | $100K | $243K | 10x | as long as short |
| Phoenix MSFT | −0.079% | +0.0016% | 1h | $10K | $15K | 20x | as long as short |
| Gate MSFT_USDT | −0.075% | 0.0000% | 8h | $3.0M | $979K | 100x | as long as short |
| Extended MSFT_24_5-USD | −0.063% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| KuCoin MSFTUSDTM | −0.061% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.061% | +0.0050% | 1h | $288K | $418K | 10x | as long as short |
| ApeX Omni MSFTUSDT | −0.045% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Aster MSFTUSDT | −0.038% | 0.0000% | 8h | $156K | $63K | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH MSFTshort | −0.030% | +0.0032% | 1h | $688K | $2.1M | 20x | |
| Bybit MSFTUSDT | −0.028% | 0.0000% | 8h | $7.2M | $950K | 100x | as long as short |
| Bitget MSFTUSDT | −0.026% | 0.0000% | 8h | $3.8M | $1.5M | 100x | as long as short |
| Vest MSFT-USD-PERP | −0.026% | +0.0046% | 1h | — | — | 25x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.026% | 0.0000% | 1h | $27K | $98K | 10x | as long as short |
| Binance MSFTUSDT | −0.020% | 0.0000% | 8h | $15.7M | $12.1M | 20x | as long as short |
| Nado MSFT-PERP | −0.011% | −0.0018% | 1h | $459K | $3K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | −0.006% | 0.0000% | 8h | $3.0M | $897K | 20x | as long as short |
| Arcus MSFT-USD | 0.000% | +0.0151% | 1h | $112K | $49K | 10x | as long as short |
| Orderly PERP_MSFT_USDC_mythoslong | 0.000% | +0.0100% | 8h | $8K | — | 10x | |
| SoDEX MSFT-USD | 0.000% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Lighter MSFT | +0.018% | +0.0048% | 1h | $1.1M | $525K | 20x | as long as short |
| Aevo MSFT-PERP | +0.019% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| HTX MSFT-USDT | +0.024% | 0.0000% | 8h | $57K | $230K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.026% | −0.1064% | 1h | $40K | — | 20x | as long as short |
| Ondo Perps MSFT-USD.P | +0.028% | +0.0050% | 1h | $539K | $370K | 15x | as long as short |
| Injective MSFT/USDC PERP | +0.028% | +0.0220% | 1h | $113K | $184K | 30x | as long as short |
| QFEX MSFT-USD | +0.032% | +0.0038% | 1h | $1.2M | $3.2M | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.066% | +0.0052% | 8h | $218 | — | 5x | as long as short |
| BloFin MSFT-USDT | +0.111% | −0.0004% | 8h | $191K | $126K | 20x | as long as short |
| Variational Omni MSFT | +0.116% | 0.0000% | 8h | $1.2M | $721K | — | as long as short |
| Phemex MSFTUSDT | +0.138% | 0.0000% | 8h | $2.1M | $430K | 10x | as long as short |
| SunX MSFT-USDT | +0.202% | 0.0000% | 8h | $6K | $3.5M | 20x | as long as short |