Spread before costs (cost unknown: a leg has no order-book sample)−0.048%
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 | 6h 12m | $219 | — | 5x |
| Short | Gate MSFT_USDT | 498.25 | 0 | get 0.0000% / 8h | 6h 12m | $3.1M | $1.3M | 100x |
Paradex MSFT-USD-PERP
Gate MSFT_USDTPrice 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
- −$4.75
- Funding while held
- −$1.51
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$25.26
- Spread needed to break even
- 0.190%
Slippage unknown: Paradex: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago | 3.71 bp | 14.8 bp −$15 | 33.5 bp −$335 | 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.Coinbase International497.09cheapestOndo Perps497.24+0.030%Phoenix497.38+0.058%ApeX Omni497.49+0.080%Variational Omni497.69+0.120%edgeX497.79+0.140%KuCoin498.06+0.195%tradeXYZ498.23+0.229%
Coinbase International
Ondo Perps
Phoenix
ApeX Omni
Variational Omni
KuCoin
tradeXYZGate498.25+0.233%
Polymarket Perps498.27+0.237%Nado498.28+0.239%Hotstuff498.31+0.245%Vest498.41+0.266%Aster498.42+0.268%Lighter RH498.43+0.270%Injective498.44+0.272%Bybit498.46+0.276%
Polymarket Perps
Nado
Hotstuff
Vest
Aster
Lighter RH
Injective
BybitParadex498.49+0.281%
Bitget498.50+0.284%Binance498.53+0.290%Extended498.54+0.291%SoDEX498.54+0.292%Deribit498.54+0.292%Arcus498.55+0.294%OKX498.56+0.296%QFEX498.56+0.296%BloFin498.57+0.298%Lighter498.60+0.304%Aevo498.61+0.305%Orderly498.61+0.306%HTX498.87+0.358%Phemex498.87+0.358%SunX499.36+0.457%
Bitget
Binance
Extended
SoDEX
Deribit
Arcus
OKX
QFEX
BloFin
Lighter
Aevo
Orderly
HTX
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 | −0.280% | −0.0056% | 1h | $675K | $353K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.250% | +0.0050% | 1h | $509K | $450K | 15x | as long as short |
| Phoenix MSFT | −0.222% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.200% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Variational Omni MSFT | −0.160% | 0.0000% | 8h | $1.3M | $719K | — | as long as short |
| edgeX MSFTUSDC | −0.141% | −0.0834% | 4h | $101K | $245K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.086% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.052% | +0.0050% | 1h | $21.9M | $8.5M | 20x | as long as short |
| Gate MSFT_USDTshort | −0.048% | 0.0000% | 8h | $3.1M | $1.3M | 100x | |
| Polymarket Perps MSFT-USD | −0.044% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |