Spread before costs (cost unknown: a leg has no order-book sample)−0.049%
7d average—if it closes, per $10,000$5funding 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 | 498.49 | 0.0050 | pay 0.0050% / 8h | 5h 01m | $219 | — | 5x |
| Short | Extended MSFT_24_5-USD | 498.24 | 0 | get 0.0000% / 1h | 1m 02s | $372K | $410K | 17x |
Paradex MSFT-USD-PERP
Extended MSFT_24_5-USDPrice 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
- −$4.91
- Funding while held
- −$1.51
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$15.41
- Spread needed to break even
- 0.090%
Slippage unknown: Paradex: no order-book sample; Extended: live order book, 33 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 Extended live order book, 33 min ago | 0.60 bp | 5.8 bp −$6 | 23.1 bp −$231 | 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.tradeXYZ497.94cheapestKuCoin498.04+0.020%Polymarket Perps498.05+0.022%Deribit498.07+0.026%Nado498.11+0.034%Gate498.11+0.034%Lighter RH498.20+0.052%Binance498.24+0.060%
tradeXYZ
KuCoin
Polymarket Perps
Deribit
Nado
Gate
Lighter RH
BinanceExtended498.24+0.061%
SoDEX498.27+0.066%HTX498.27+0.066%Bitget498.28+0.068%Ondo Perps498.29+0.070%Bybit498.31+0.074%Orderly498.33+0.078%Vest498.35+0.082%Aevo498.36+0.085%Phemex498.37+0.086%Aster498.37+0.087%Lighter498.40+0.092%ApeX Omni498.41+0.094%BloFin498.41+0.094%Arcus498.44+0.100%Hotstuff498.44+0.100%OKX498.45+0.102%Phoenix498.45+0.102%
SoDEX
HTX
Bitget
Ondo Perps
Bybit
Orderly
Vest
Aevo
Phemex
Aster
Lighter
ApeX Omni
BloFin
Arcus
Hotstuff
OKX
PhoenixParadex498.49+0.110%
QFEX498.50+0.112%Injective498.81+0.175%edgeX498.84+0.181%Variational Omni499.03+0.218%SunX499.25+0.263%Coinbase International499.37+0.287%
QFEX
Injective
Variational Omni
SunX
Coinbase InternationalMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSFT | −0.110% | +0.0050% | 1h | $22.1M | $8.9M | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.090% | +0.0100% | 8h | $1.5M | $11K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.088% | +0.0050% | 1h | $301K | $444K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.084% | 0.0000% | 1h | $27K | $114K | 10x | as long as short |
| Nado MSFT-PERP | −0.076% | −0.0004% | 1h | $446K | $25K | 20x | as long as short |
| Gate MSFT_USDT | −0.076% | 0.0000% | 8h | $3.0M | $1.4M | 100x | as long as short |
| Lighter RH MSFT | −0.057% | +0.0032% | 1h | $677K | $2.2M | 20x | as long as short |
| Binance MSFTUSDT | −0.050% | 0.0000% | 8h | $15.6M | $17.3M | 20x | as long as short |
| Extended MSFT_24_5-USDshort | −0.049% | 0.0000% | 1h | $372K | $410K | 17x | |
| SoDEX MSFT-USD | −0.043% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |