Spread before costs (cost unknown: a leg has no order-book sample)+0.072%
7d average—if it closes, per $10,000$7funding while held, a day+$1.62
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSFT-USD | 494.10 | 0.0050 | pay 0.0006% / 1h | 48m 15s | $288K | $478K | 10x |
| Short | Aevo MSFT-PERP | 494.45 | 0.0104 | get 0.0013% / 1h | 48m 15s | $54 | — | 10x |
Polymarket Perps MSFT-USD
Aevo 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
- $7.17
- Funding while held
- $1.62
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$15.21
- Spread needed to break even
- 0.240%
Slippage unknown: Polymarket Perps: live order book, 61 min ago; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0054%
- Per $10,000 a day
- +$1.62
- 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 Polymarket Perps live order book, 61 min ago | 1.22 bp | 7.3 bp −$7 | 8.3 bp −$83 | 10.2 bp −$1,025 | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 International493.02cheapestKuCoin493.95+0.189%Ondo Perps493.99+0.197%Hotstuff494.10+0.219%
Coinbase International
KuCoin
Ondo Perps
HotstuffPolymarket Perps494.10+0.219%
tradeXYZ494.17+0.233%Gate494.26+0.252%Nado494.30+0.259%HTX494.30+0.260%Vest494.32+0.264%Lighter RH494.35+0.270%SoDEX494.35+0.270%Aster494.36+0.272%Deribit494.38+0.276%Injective494.42+0.284%Paradex494.44+0.288%Lighter494.45+0.290%Bitget494.45+0.290%
tradeXYZ
Gate
Nado
HTX
Vest
Lighter RH
SoDEX
Aster
Deribit
Injective
Paradex
Lighter
BitgetAevo494.45+0.291%
Bybit494.48+0.296%Orderly494.49+0.298%BloFin494.49+0.298%Arcus494.50+0.300%Binance494.51+0.303%Extended494.51+0.303%QFEX494.52+0.304%OKX494.53+0.306%ApeX Omni494.53+0.306%Phoenix494.54+0.308%Phemex494.62+0.325%Variational Omni494.70+0.341%edgeX494.87+0.375%SunX495.27+0.456%
Bybit
Orderly
BloFin
Arcus
Binance
Extended
QFEX
OKX
ApeX Omni
Phoenix
Phemex
Variational Omni
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 | −0.219% | 0.0000% | 1h | $664K | $337K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.030% | +0.0100% | 8h | $1.5M | $7K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.022% | +0.0050% | 1h | $534K | $383K | 15x | as long as short |
| Hotstuff MSFT-PERP | 0.000% | +0.0064% | 1h | $40K | — | 20x | as long as short |
| Polymarket Perps MSFT-USDlong | 0.000% | +0.0050% | 1h | $288K | $478K | 10x | |
| tradeXYZ xyz:MSFT | +0.014% | +0.0050% | 1h | $21.9M | $7.5M | 20x | as long as short |
| Gate MSFT_USDT | +0.032% | 0.0000% | 8h | $3.1M | $1.2M | 100x | as long as short |
| Nado MSFT-PERP | +0.040% | −0.0027% | 1h | $459K | $5K | 20x | as long as short |
| HTX MSFT-USDT | +0.040% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.045% | +0.0046% | 1h | — | — | 25x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH MSFT | +0.051% | +0.0032% | 1h | $676K | $2.0M | 20x | as long as short |
| SoDEX MSFT-USD | +0.051% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Aster MSFTUSDT | +0.053% | 0.0000% | 8h | $155K | $80K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.057% | 0.0000% | 1h | $27K | $108K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.065% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| Paradex MSFT-USD-PERP | +0.069% | +0.0051% | 8h | $218 | — | 5x | as long as short |
| Lighter MSFT | +0.071% | +0.0032% | 1h | $1.1M | $535K | 20x | as long as short |
| Bitget MSFTUSDT | +0.071% | +0.0001% | 8h | $3.8M | $1.6M | 100x | as long as short |
| Aevo MSFT-PERPshort | +0.072% | +0.0104% | 1h | $54 | — | 10x | |
| Bybit MSFTUSDT | +0.077% | 0.0000% | 8h | $7.4M | $1.2M | 100x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.079% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| BloFin MSFT-USDT | +0.079% | −0.0011% | 8h | $195K | $159K | 20x | as long as short |
| Arcus MSFT-USD | +0.081% | +0.0442% | 1h | $112K | $50K | 10x | as long as short |
| Binance MSFTUSDT | +0.083% | +0.0017% | 8h | $15.6M | $14.4M | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.084% | +0.0016% | 1h | $327K | $380K | 17x | as long as short |
| QFEX MSFT-USD | +0.085% | +0.0042% | 1h | $1.1M | $3.8M | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.087% | 0.0000% | 8h | $3.1M | $1.5M | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.087% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Phoenix MSFT | +0.089% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| Phemex MSFTUSDT | +0.105% | 0.0000% | 8h | $2.1M | $530K | 10x | as long as short |
| Variational Omni MSFT | +0.122% | 0.0000% | 8h | $1.2M | $705K | — | as long as short |
| edgeX MSFTUSDC | +0.156% | −0.0772% | 4h | $101K | $244K | 10x | as long as short |
| SunX MSFT-USDT | +0.237% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |