Spread before costs (cost unknown: a leg has no order-book sample)−0.014%
7d average—if it closes, per $10,000$1funding while held, a day−$1.57
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSFT-USD-PERP | 492.29 | 0.0052 | pay 0.0052% / 8h | 30m 43s | $217 | — | 5x |
| Short | Nado MSFT-PERP | 492.22 | −0.0001 | pay 0.0000% / 1h | 30m 43s | $457K | $4K | 20x |
Paradex MSFT-USD-PERP
Nado 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
- −$1.4
- Funding while held
- −$1.57
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$13.98
- Spread needed to break even
- 0.110%
Slippage unknown: Paradex: no order-book sample; Nado: live order book, 19 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0052%
- Per $10,000 a day
- −$1.57
- 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 Nado live order book, 19 min ago | 0.61 bp | 6.7 bp −$7 | 15.3 bp −$153 | 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.KuCoin491.91cheapesttradeXYZ491.93+0.004%Polymarket Perps491.97+0.012%Vest492.01+0.020%Hotstuff492.09+0.037%Lighter RH492.18+0.055%
KuCoin
tradeXYZ
Polymarket Perps
Vest
Hotstuff
Lighter RHNado492.22+0.063%
Gate492.24+0.067%Deribit492.24+0.067%Lighter492.27+0.073%
Gate
Deribit
LighterParadex492.29+0.077%
Orderly492.30+0.079%OKX492.33+0.085%Binance492.36+0.091%QFEX492.36+0.091%Bitget492.36+0.091%HTX492.36+0.091%Arcus492.38+0.096%SoDEX492.39+0.098%Aevo492.39+0.098%Phoenix492.42+0.104%BloFin492.43+0.106%Extended492.44+0.108%ApeX Omni492.46+0.112%Bybit492.47+0.114%Variational Omni492.52+0.124%Injective492.52+0.124%Ondo Perps492.57+0.134%Phemex492.66+0.152%Aster492.75+0.171%edgeX492.88+0.197%Coinbase International493.01+0.224%SunX493.25+0.272%
Orderly
OKX
Binance
QFEX
Bitget
HTX
Arcus
SoDEX
Aevo
Phoenix
BloFin
Extended
ApeX Omni
Bybit
Variational Omni
Injective
Ondo Perps
Phemex
Aster
Coinbase International
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTM | −0.077% | +0.0100% | 8h | $1.4M | $7K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.072% | +0.0050% | 1h | $23.0M | $6.3M | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.064% | +0.0050% | 1h | $287K | $472K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.056% | +0.0046% | 1h | — | — | 25x | as long as short |
| Hotstuff MSFT-PERP | −0.040% | +0.0040% | 1h | $40K | — | 20x | as long as short |
| Lighter RH MSFT | −0.022% | +0.0032% | 1h | $684K | $2.0M | 20x | as long as short |
| Nado MSFT-PERPshort | −0.014% | −0.0001% | 1h | $457K | $4K | 20x | |
| Gate MSFT_USDT | −0.009% | 0.0000% | 8h | $3.0M | $1.0M | 100x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.009% | 0.0000% | 1h | $27K | $105K | 10x | as long as short |
| Lighter MSFT | −0.003% | +0.0032% | 1h | $1.1M | $529K | 20x | as long as short |