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−$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MSFT_USDC_mythos | 496.63 | 0.0100 | pay 0.0100% / 8h | 7h 10m | $8K | — | 10x |
| Short | tradeXYZ xyz:MSFT | 496.48 | 0.0050 | get 0.0006% / 1h | 10m 35s | $22.2M | $7.8M | 20x |
Orderly PERP_MSFT_USDC_mythos
tradeXYZ xyz: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
- −$3.02
- Funding while held
- −$1.5
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$28.52
- Spread needed to break even
- 0.240%
Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 10 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.50
- 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 tradeXYZ live order book, 10 min ago | 0.40 bp | 10.1 bp −$10 | 11.2 bp −$112 | 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.Injective495.84cheapestApeX Omni496.01+0.034%Phoenix496.10+0.052%edgeX496.18+0.068%Nado496.18+0.069%Hotstuff496.19+0.071%KuCoin496.23+0.079%Polymarket Perps496.23+0.079%Coinbase International496.40+0.113%HTX496.44+0.121%
Injective
ApeX Omni
Phoenix
Nado
Hotstuff
KuCoin
Polymarket Perps
Coinbase International
HTXtradeXYZ496.48+0.129%
Ondo Perps496.48+0.129%Vest496.49+0.131%SoDEX496.58+0.149%Deribit496.60+0.153%Gate496.61+0.155%
Ondo Perps
Vest
SoDEX
Deribit
GateOrderly496.63+0.159%
Phemex496.66+0.165%Aevo496.67+0.168%BloFin496.69+0.171%Variational Omni496.69+0.172%Arcus496.72+0.177%Bitget496.72+0.177%Aster496.74+0.182%Bybit496.76+0.186%Paradex496.76+0.186%OKX496.78+0.190%Lighter RH496.80+0.194%Binance496.81+0.195%QFEX496.83+0.200%Extended496.88+0.210%Lighter496.92+0.218%SunX497.44+0.323%
Phemex
Aevo
BloFin
Variational Omni
Arcus
Bitget
Aster
Bybit
Paradex
OKX
Lighter RH
Binance
QFEX
Extended
Lighter
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MSFT/USDC PERP | −0.159% | +0.0220% | 1h | $114K | $154K | 30x | as long as short |
| ApeX Omni MSFTUSDT | −0.125% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Phoenix MSFT | −0.107% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| edgeX MSFTUSDC | −0.091% | +0.0871% | 4h | $101K | $243K | 10x | as long as short |
| Nado MSFT-PERP | −0.091% | 0.0000% | 1h | $461K | $5K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.089% | −0.1600% | 1h | $40K | — | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.081% | +0.0100% | 8h | $1.5M | $9K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.081% | +0.0050% | 1h | $301K | $468K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.046% | 0.0000% | 1h | $669K | $342K | 10x | as long as short |
| HTX MSFT-USDT | −0.038% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSFTshort | −0.030% | +0.0050% | 1h | $22.2M | $7.8M | 20x | |
| Ondo Perps MSFT-USD.P | −0.030% | +0.0050% | 1h | $514K | $421K | 15x | as long as short |
| Vest MSFT-USD-PERP | −0.028% | +0.0046% | 1h | — | — | 25x | as long as short |
| SoDEX MSFT-USD | −0.010% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.006% | 0.0000% | 1h | $27K | $112K | 10x | as long as short |
| Gate MSFT_USDT | −0.004% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
| Orderly PERP_MSFT_USDC_mythoslong | 0.000% | +0.0100% | 8h | $8K | — | 10x | |
| Phemex MSFTUSDT | +0.006% | 0.0000% | 8h | $2.1M | $573K | 10x | as long as short |
| Aevo MSFT-PERP | +0.009% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| BloFin MSFT-USDT | +0.012% | −0.0006% | 8h | $191K | $169K | 20x | as long as short |
| Variational Omni MSFT | +0.013% | 0.0000% | 8h | $1.2M | $709K | — | as long as short |
| Arcus MSFT-USD | +0.018% | +0.0442% | 1h | $112K | $52K | 10x | as long as short |
| Bitget MSFTUSDT | +0.018% | 0.0000% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Aster MSFTUSDT | +0.022% | 0.0000% | 8h | $156K | $80K | 20x | as long as short |
| Bybit MSFTUSDT | +0.026% | 0.0000% | 8h | $7.3M | $1.4M | 100x | as long as short |
| Paradex MSFT-USD-PERP | +0.027% | +0.0050% | 8h | $219 | — | 5x | as long as short |
| OKX MSFT-USDT-SWAP | +0.030% | 0.0000% | 8h | $3.0M | $1.6M | 20x | as long as short |
| Lighter RH MSFT | +0.034% | +0.0032% | 1h | $655K | $2.1M | 20x | as long as short |
| Binance MSFTUSDT | +0.036% | +0.0005% | 8h | $15.7M | $15.2M | 20x | as long as short |
| QFEX MSFT-USD | +0.040% | +0.0042% | 1h | $1.2M | $4.2M | 10x | as long as short |
| Extended MSFT_24_5-USD | +0.050% | +0.0008% | 1h | $329K | $380K | 17x | as long as short |
| Lighter MSFT | +0.058% | +0.0032% | 1h | $1.1M | $540K | 20x | as long as short |
| SunX MSFT-USDT | +0.163% | 0.0000% | 8h | $6K | $4.4M | 20x | as long as short |