Spread before costs (cost unknown: a leg has no order-book sample)−0.091%
7d average—if it closes, per $10,000$9funding while held, a day−$0.39
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MSFT | 493.04 | 0.0065 | pay 0.0008% / 1h | 35m 11s | $10K | $15K | 20x |
| Short | Paradex MSFT-USD-PERP | 492.59 | 0.0052 | get 0.0052% / 8h | 35m 11s | $217 | — | 5x |
Phoenix MSFT
Paradex 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
- −$9.07
- Funding while held
- −$0.39
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$20.46
- Spread needed to break even
- 0.110%
Slippage unknown: Phoenix: no order-book sample; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0013%
- Per $10,000 a day
- −$0.39
- 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Paradex no order-book sample | — | — | — | — | — |
Phoenix and 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.Ondo Perps492.40cheapestHotstuff492.52+0.024%Polymarket Perps492.57+0.035%Vest492.58+0.037%
Ondo Perps
Hotstuff
Polymarket Perps
VestParadex492.59+0.039%
tradeXYZ492.65+0.051%QFEX492.68+0.057%Arcus492.70+0.061%KuCoin492.74+0.069%Nado492.77+0.075%Deribit492.80+0.081%ApeX Omni492.81+0.083%Gate492.83+0.087%OKX492.86+0.093%Orderly492.91+0.104%HTX492.91+0.104%SoDEX492.92+0.106%Lighter RH492.94+0.110%Aster492.94+0.111%Lighter492.97+0.116%Extended492.98+0.117%Aevo492.99+0.120%BloFin493.00+0.122%Coinbase International493.01+0.124%Bitget493.03+0.128%Bybit493.04+0.130%
tradeXYZ
QFEX
Arcus
KuCoin
Nado
Deribit
ApeX Omni
Gate
OKX
Orderly
HTX
SoDEX
Lighter RH
Aster
Lighter
Extended
Aevo
BloFin
Coinbase International
Bitget
BybitPhoenix493.04+0.130%
Binance493.05+0.132%Variational Omni493.06+0.134%edgeX493.30+0.184%Injective493.40+0.203%Phemex493.43+0.209%SunX493.77+0.278%
Binance
Variational Omni
Injective
Phemex
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSFT-USD.P | −0.130% | +0.0050% | 1h | $536K | $372K | 15x | as long as short |
| Hotstuff MSFT-PERP | −0.105% | +0.0056% | 1h | $40K | — | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.095% | +0.0050% | 1h | $287K | $472K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.093% | +0.0046% | 1h | — | — | 25x | as long as short |
| Paradex MSFT-USD-PERPshort | −0.091% | +0.0052% | 8h | $217 | — | 5x | |
| tradeXYZ xyz:MSFT | −0.079% | +0.0050% | 1h | $23.1M | $6.1M | 20x | as long as short |
| QFEX MSFT-USD | −0.073% | +0.0052% | 1h | $1.1M | $3.4M | 10x | as long as short |
| Arcus MSFT-USD | −0.069% | +0.0325% | 1h | $112K | $48K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.061% | +0.0100% | 8h | $1.4M | $7K | 20x | as long as short |
| Nado MSFT-PERP | −0.055% | −0.0002% | 1h | $458K | $4K | 20x | as long as short |