Spread before costs (cost unknown: a leg has no order-book sample)−0.002%
7d average—if it closes, per $10,000$0funding while held, a day+$1.61
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSFT-USD-PERP | 498.62 | 0.0050 | pay 0.0050% / 8h | 5h 01m | $219 | — | 5x |
| Short | Aevo MSFT-PERP | 498.61 | 0.0104 | get 0.0013% / 1h | 1m 54s | $55 | — | 10x |
Paradex MSFT-USD-PERP
Aevo 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
- −$0.25
- Funding while held
- $1.61
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$18.64
- Spread needed to break even
- 0.200%
Slippage unknown: Paradex: no order-book sample; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0054%
- Per $10,000 a day
- +$1.61
- 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Aevo no order-book sample | — | — | — | — | — |
Paradex and Aevo: 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 Perps498.22cheapestOndo Perps498.29+0.014%Nado498.36+0.028%Hotstuff498.38+0.032%Gate498.39+0.034%tradeXYZ498.41+0.038%ApeX Omni498.41+0.038%KuCoin498.44+0.044%Phoenix498.45+0.046%Deribit498.49+0.054%Vest498.52+0.060%Orderly498.59+0.074%HTX498.60+0.076%
Polymarket Perps
Ondo Perps
Nado
Hotstuff
Gate
tradeXYZ
ApeX Omni
KuCoin
Phoenix
Deribit
Vest
Orderly
HTXAevo498.61+0.078%
Paradex498.62+0.080%
Arcus498.64+0.084%Aster498.64+0.084%Bitget498.65+0.086%Extended498.65+0.087%Binance498.66+0.088%QFEX498.67+0.090%Lighter RH498.68+0.092%SoDEX498.69+0.094%BloFin498.69+0.094%OKX498.72+0.100%Injective498.75+0.106%Bybit498.76+0.108%Lighter498.79+0.114%Phemex498.82+0.120%edgeX498.84+0.125%Variational Omni499.03+0.162%Coinbase International499.37+0.231%SunX499.40+0.237%
Arcus
Aster
Bitget
Extended
Binance
QFEX
Lighter RH
SoDEX
BloFin
OKX
Injective
Bybit
Lighter
Phemex
Variational Omni
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 | −0.080% | +0.0050% | 1h | $301K | $444K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.066% | +0.0050% | 1h | $510K | $453K | 15x | as long as short |
| Nado MSFT-PERP | −0.052% | −0.0004% | 1h | $446K | $25K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.048% | +0.0064% | 1h | $40K | — | 20x | as long as short |
| Gate MSFT_USDT | −0.046% | 0.0000% | 8h | $3.0M | $1.4M | 100x | as long as short |
| tradeXYZ xyz:MSFT | −0.042% | +0.0050% | 1h | $22.2M | $8.9M | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.042% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| KuCoin MSFTUSDTM | −0.036% | +0.0100% | 8h | $1.5M | $11K | 20x | as long as short |
| Phoenix MSFT | −0.034% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.026% | 0.0000% | 1h | $27K | $114K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest MSFT-USD-PERP | −0.020% | +0.0046% | 1h | — | — | 25x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.006% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| HTX MSFT-USDT | −0.004% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Aevo MSFT-PERPshort | −0.002% | +0.0104% | 1h | $55 | — | 10x | |
| Paradex MSFT-USD-PERPlong | 0.000% | +0.0050% | 8h | $219 | — | 5x | |
| Arcus MSFT-USD | +0.004% | +0.0573% | 1h | $112K | $75K | 10x | as long as short |
| Aster MSFTUSDT | +0.004% | 0.0000% | 8h | $156K | $86K | 20x | as long as short |
| Bitget MSFTUSDT | +0.006% | +0.0033% | 8h | $3.7M | $1.8M | 100x | as long as short |
| Extended MSFT_24_5-USD | +0.006% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Binance MSFTUSDT | +0.008% | 0.0000% | 8h | $15.6M | $17.3M | 20x | as long as short |
| QFEX MSFT-USD | +0.010% | +0.0044% | 1h | $1.2M | $5.0M | 10x | as long as short |
| Lighter RH MSFT | +0.012% | +0.0032% | 1h | $656K | $2.1M | 20x | as long as short |
| SoDEX MSFT-USD | +0.014% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| BloFin MSFT-USDT | +0.014% | −0.0026% | 8h | $192K | $196K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.020% | 0.0000% | 8h | $3.0M | $2.1M | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.026% | +0.0220% | 1h | $114K | $88K | 30x | as long as short |
| Bybit MSFTUSDT | +0.028% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| Lighter MSFT | +0.034% | +0.0072% | 1h | $1.1M | $548K | 20x | as long as short |
| Phemex MSFTUSDT | +0.040% | 0.0000% | 8h | $2.1M | $683K | 10x | as long as short |
| edgeX MSFTUSDC | +0.045% | −0.0563% | 4h | $101K | $244K | 10x | as long as short |
| Variational Omni MSFT | +0.082% | 0.0000% | 8h | $1.3M | $704K | — | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.150% | −0.0056% | 1h | $685K | $364K | 10x | as long as short |
| SunX MSFT-USDT | +0.156% | 0.0000% | 8h | $6K | $4.4M | 20x | as long as short |