Spread before costs (cost unknown: a leg has no order-book sample)−0.028%
7d average—if it closes, per $10,000$3funding while held, a day−$1.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSFT-USD-PERP | 498.21 | 0.0050 | pay 0.0050% / 8h | 5h 00m | $219 | — | 5x |
| Short | Deribit MSFT_USDC-PERPETUAL | 498.07 | 0 | get 0.0000% / 1h | 0m 26s | $27K | $114K | 10x |
Paradex MSFT-USD-PERP
Deribit MSFT_USDC-PERPETUALPrice 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
- −$2.82
- Funding while held
- −$1.51
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$15.33
- Spread needed to break even
- 0.110%
Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 55 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.51
- 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 Deribit live order book, 55 min ago | 0.10 bp | 11.5 bp −$12 | 13.1 bp −$131 | doesn't fit | doesn't fit |
Paradex: 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.Gate497.97cheapestPolymarket Perps497.98+0.002%KuCoin497.99+0.004%tradeXYZ498.01+0.008%
Gate
Polymarket Perps
KuCoin
tradeXYZDeribit498.07+0.020%
Nado498.11+0.028%Hotstuff498.12+0.030%Lighter RH498.17+0.040%Vest498.18+0.042%Aster498.19+0.044%
Nado
Hotstuff
Lighter RH
Vest
AsterParadex498.21+0.048%
Extended498.21+0.049%QFEX498.24+0.054%SoDEX498.27+0.060%HTX498.27+0.060%Arcus498.28+0.062%Binance498.29+0.064%Ondo Perps498.29+0.064%Lighter498.33+0.072%Bybit498.33+0.072%Orderly498.33+0.072%Aevo498.36+0.079%Bitget498.37+0.080%Phemex498.37+0.080%ApeX Omni498.41+0.088%BloFin498.41+0.088%OKX498.45+0.096%Phoenix498.45+0.096%Variational Omni498.57+0.120%Injective498.81+0.169%edgeX498.84+0.175%SunX499.25+0.257%Coinbase International499.37+0.281%
Extended
QFEX
SoDEX
HTX
Arcus
Binance
Ondo Perps
Lighter
Bybit
Orderly
Aevo
Bitget
Phemex
ApeX Omni
BloFin
OKX
Phoenix
Variational Omni
Injective
SunX
Coinbase InternationalMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | −0.048% | 0.0000% | 8h | $3.0M | $1.4M | 100x | as long as short |
| Polymarket Perps MSFT-USD | −0.046% | +0.0050% | 1h | $301K | $444K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.044% | +0.0100% | 8h | $1.5M | $11K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.040% | +0.0050% | 1h | $22.1M | $8.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUALshort | −0.028% | 0.0000% | 1h | $27K | $114K | 10x | |
| Nado MSFT-PERP | −0.021% | −0.0004% | 1h | $446K | $25K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.018% | +0.0016% | 1h | $40K | — | 20x | as long as short |
| Lighter RH MSFT | −0.008% | +0.0032% | 1h | $677K | $2.2M | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.006% | +0.0046% | 1h | — | — | 25x | as long as short |
| Aster MSFTUSDT | −0.005% | 0.0000% | 8h | $156K | $86K | 20x | as long as short |