Spread before costs (cost unknown: a leg has no order-book sample)+0.109%
7d average+0.092%if it closes, per $10,000$11funding while held, a day−$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSFT-USD | 492.96 | 0.0050 | pay 0.0006% / 1h | 44m 01s | $288K | $470K | 10x |
| Short | Variational Omni MSFT | 493.50 | 0 | get 0.0000% / 8h | 44m 01s | $1.2M | $686K | — |
Polymarket Perps MSFT-USD
Variational Omni MSFTPrice 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
- $10.92
- Funding while held
- −$1.5
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $1.42
- Spread needed to break even
- 0.080%
Slippage unknown: Polymarket Perps: live order book, 5 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.50
- 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, 5 min ago | 1.22 bp | 7.3 bp −$7 | 8.3 bp −$83 | 10.2 bp −$1,025 | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 2.53 bp | doesn't fit | 10.0 bp −$100 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps492.79cheapesttradeXYZ492.83+0.008%Hotstuff492.83+0.008%
Ondo Perps
tradeXYZ
HotstuffPolymarket Perps492.96+0.034%
KuCoin493.00+0.043%Vest493.02+0.047%ApeX Omni493.07+0.057%Coinbase International493.08+0.059%Nado493.09+0.061%Deribit493.12+0.067%Lighter RH493.14+0.071%Gate493.16+0.075%Phoenix493.20+0.083%Bitget493.25+0.093%SoDEX493.25+0.093%Lighter493.26+0.095%Orderly493.28+0.099%Paradex493.30+0.103%Aevo493.30+0.104%Binance493.31+0.106%Bybit493.31+0.106%OKX493.32+0.108%Arcus493.34+0.112%HTX493.35+0.114%Extended493.35+0.114%Aster493.35+0.114%QFEX493.37+0.118%BloFin493.37+0.118%
KuCoin
Vest
ApeX Omni
Coinbase International
Nado
Deribit
Lighter RH
Gate
Phoenix
Bitget
SoDEX
Lighter
Orderly
Paradex
Aevo
Binance
Bybit
OKX
Arcus
HTX
Extended
Aster
QFEX
BloFinVariational Omni493.50+0.144%
Injective493.59+0.162%edgeX493.65+0.174%Phemex493.70+0.185%SunX494.20+0.286%
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 | −0.034% | +0.0050% | 1h | $536K | $371K | 15x | as long as short |
| tradeXYZ xyz:MSFT | −0.026% | +0.0050% | 1h | $23.1M | $6.1M | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.026% | 0.0000% | 1h | $40K | — | 20x | as long as short |
| Polymarket Perps MSFT-USDlong | 0.000% | +0.0050% | 1h | $288K | $470K | 10x | |
| KuCoin MSFTUSDTM | +0.008% | +0.0100% | 8h | $1.5M | $7K | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.012% | +0.0046% | 1h | — | — | 25x | as long as short |
| ApeX Omni MSFTUSDT | +0.022% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.024% | −0.0008% | 1h | $663K | $332K | 10x | as long as short |
| Nado MSFT-PERP | +0.026% | −0.0006% | 1h | $458K | $4K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.032% | 0.0000% | 1h | $27K | $103K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH MSFT | +0.037% | +0.0032% | 1h | $677K | $2.0M | 20x | as long as short |
| Gate MSFT_USDT | +0.041% | 0.0000% | 8h | $3.0M | $1.0M | 100x | as long as short |
| Phoenix MSFT | +0.049% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| Bitget MSFTUSDT | +0.059% | 0.0000% | 8h | $3.7M | $1.6M | 100x | as long as short |
| SoDEX MSFT-USD | +0.059% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Lighter MSFT | +0.061% | +0.0032% | 1h | $1.1M | $529K | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.065% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.068% | +0.0052% | 8h | $217 | — | 5x | as long as short |
| Aevo MSFT-PERP | +0.070% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Binance MSFTUSDT | +0.071% | 0.0000% | 8h | $15.8M | $12.9M | 20x | as long as short |
| Bybit MSFTUSDT | +0.071% | 0.0000% | 8h | $7.3M | $1.0M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | +0.073% | 0.0000% | 8h | $3.1M | $1.4M | 20x | as long as short |
| Arcus MSFT-USD | +0.077% | +0.0325% | 1h | $112K | $48K | 10x | as long as short |
| HTX MSFT-USDT | +0.079% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.079% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| Aster MSFTUSDT | +0.079% | 0.0000% | 8h | $151K | $76K | 20x | as long as short |
| QFEX MSFT-USD | +0.083% | +0.0052% | 1h | $1.1M | $3.3M | 10x | as long as short |
| BloFin MSFT-USDT | +0.083% | +0.0020% | 8h | $193K | $140K | 20x | as long as short |
| Variational Omni MSFTshort | +0.109% | 0.0000% | 8h | $1.2M | $686K | — | |
| Injective MSFT/USDC PERP | +0.128% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| edgeX MSFTUSDC | +0.140% | −0.0553% | 4h | $100K | $244K | 10x | as long as short |
| Phemex MSFTUSDT | +0.150% | 0.0000% | 8h | $2.1M | $475K | 10x | as long as short |
| SunX MSFT-USDT | +0.252% | 0.0000% | 8h | $6K | $3.8M | 20x | as long as short |