Spread before costs (cost unknown: a leg has no order-book sample)−0.053%
7d average—if it closes, per $10,000$5funding while held, a day−$0.18
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSFT-USD-PERP | 491.64 | 0.0052 | pay 0.0052% / 8h | 26m 47s | $216 | — | 5x |
| Short | Vest MSFT-USD-PERP | 491.38 | 0.0046 | get 0.0006% / 1h | 26m 47s | — | — | 25x |
Paradex MSFT-USD-PERP
Vest MSFT-USD-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
- −$5.29
- Funding while held
- −$0.18
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$11.47
- Spread needed to break even
- 0.060%
Slippage unknown: Paradex: no order-book sample; Vest: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0006%
- Per $10,000 a day
- −$0.18
- 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 Vest no order-book sample | — | — | — | — | — |
Paradex and Vest: 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 Perps491.36cheapest
Polymarket PerpsVest491.38+0.004%
Ondo Perps491.40+0.008%Nado491.53+0.034%KuCoin491.59+0.047%Deribit491.63+0.055%
Ondo Perps
Nado
KuCoin
DeribitParadex491.64+0.057%
Orderly491.68+0.065%Arcus491.70+0.069%QFEX491.72+0.073%HTX491.72+0.073%ApeX Omni491.74+0.077%Aevo491.74+0.078%Phoenix491.76+0.081%tradeXYZ491.79+0.088%SoDEX491.81+0.092%Hotstuff491.84+0.098%Gate491.92+0.114%BloFin492.04+0.138%Extended492.07+0.145%Lighter RH492.08+0.147%OKX492.09+0.149%Aster492.12+0.155%Bitget492.13+0.157%Lighter492.19+0.169%edgeX492.25+0.181%Binance492.26+0.183%Bybit492.26+0.183%Phemex492.45+0.222%Variational Omni492.52+0.236%Injective492.52+0.236%SunX492.67+0.267%Coinbase International493.01+0.336%
Orderly
Arcus
QFEX
HTX
ApeX Omni
Aevo
Phoenix
tradeXYZ
SoDEX
Hotstuff
Gate
BloFin
Extended
Lighter RH
OKX
Aster
Bitget
Lighter
Binance
Bybit
Phemex
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 | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MSFT-USD | −0.057% | +0.0050% | 1h | $287K | $472K | 10x | as long as short |
| Vest MSFT-USD-PERPshort | −0.053% | +0.0046% | 1h | — | — | 25x | |
| Ondo Perps MSFT-USD.P | −0.049% | +0.0050% | 1h | $535K | $373K | 15x | as long as short |
| Nado MSFT-PERP | −0.023% | +0.0004% | 1h | $457K | $4K | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.010% | +0.0100% | 8h | $1.4M | $7K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.002% | +0.0015% | 1h | $27K | $105K | 10x | as long as short |
| Paradex MSFT-USD-PERPlong | 0.000% | +0.0052% | 8h | $216 | — | 5x | |
| Orderly PERP_MSFT_USDC_mythos | +0.008% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Arcus MSFT-USD | +0.012% | +0.0325% | 1h | $112K | $48K | 10x | as long as short |
| QFEX MSFT-USD | +0.016% | +0.0052% | 1h | $1.1M | $3.5M | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX MSFT-USDT | +0.016% | 0.0000% | 8h | $57K | $229K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.020% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Aevo MSFT-PERP | +0.021% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Phoenix MSFT | +0.024% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.031% | +0.0050% | 1h | $21.9M | $7.3M | 20x | as long as short |
| SoDEX MSFT-USD | +0.035% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.041% | −0.0056% | 1h | $40K | — | 20x | as long as short |
| Gate MSFT_USDT | +0.057% | 0.0000% | 8h | $3.0M | $1.1M | 100x | as long as short |
| BloFin MSFT-USDT | +0.081% | −0.0002% | 8h | $197K | $146K | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.088% | +0.0008% | 1h | $327K | $380K | 17x | as long as short |
| Lighter RH MSFT | +0.089% | +0.0032% | 1h | $664K | $2.0M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.092% | 0.0000% | 8h | $3.1M | $1.4M | 20x | as long as short |
| Aster MSFTUSDT | +0.098% | 0.0000% | 8h | $154K | $80K | 20x | as long as short |
| Bitget MSFTUSDT | +0.100% | 0.0000% | 8h | $3.7M | $1.6M | 100x | as long as short |
| Lighter MSFT | +0.112% | +0.0032% | 1h | $1.1M | $533K | 20x | as long as short |
| edgeX MSFTUSDC | +0.124% | −0.0362% | 4h | $100K | $243K | 10x | as long as short |
| Binance MSFTUSDT | +0.126% | +0.0005% | 8h | $15.6M | $13.5M | 20x | as long as short |
| Bybit MSFTUSDT | +0.126% | 0.0000% | 8h | $7.4M | $1.1M | 100x | as long as short |
| Phemex MSFTUSDT | +0.165% | 0.0000% | 8h | $2.1M | $493K | 10x | as long as short |
| Variational Omni MSFT | +0.179% | 0.0000% | 8h | $1.2M | $690K | — | as long as short |
| Injective MSFT/USDC PERP | +0.179% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| SunX MSFT-USDT | +0.209% | 0.0000% | 8h | $6K | $4.0M | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.279% | −0.0008% | 1h | $663K | $333K | 10x | as long as short |