Spread before costs (cost unknown: a leg has no order-book sample)+0.120%
7d average+0.040%if it closes, per $10,000$12funding while held, a day−$1.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MSFT-USD | 495.34 | 0.0038 | pay 0.0005% / 1h | 34m 13s | $1.1M | $2.9M | 10x |
| Short | Variational Omni MSFT | 495.93 | 0 | get 0.0000% / 8h | 2h 34m | $1.3M | $620K | — |
QFEX 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
- $11.98
- Funding while held
- −$1.13
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $0.85
- Spread needed to break even
- 0.100%
Slippage unknown: QFEX: live order book, 6 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0038%
- Per $10,000 a day
- −$1.13
- 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 QFEX live order book, 6 min ago | 1.31 bp | 6.3 bp −$6 | 6.3 bp −$63 | 10.8 bp −$1,083 | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 2.53 bp | doesn't fit | 8.9 bp −$89 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.tradeXYZ494.51cheapestPolymarket Perps494.66+0.030%Lighter RH494.69+0.036%Deribit494.69+0.036%KuCoin494.76+0.051%Lighter494.79+0.057%Gate494.82+0.063%Bybit494.87+0.073%Orderly494.89+0.077%Extended494.89+0.077%Bitget494.92+0.083%HTX494.96+0.091%OKX495.00+0.099%Aevo495.02+0.104%Binance495.03+0.106%SoDEX495.06+0.111%Arcus495.14+0.127%Vest495.15+0.129%Nado495.16+0.131%Aster495.26+0.153%
tradeXYZ
Polymarket Perps
Lighter RH
Deribit
KuCoin
Lighter
Gate
Bybit
Orderly
Extended
Bitget
HTX
OKX
Aevo
Binance
SoDEX
Arcus
Vest
Nado
AsterQFEX495.34+0.168%
Ondo Perps495.38+0.176%Paradex495.39+0.178%Phemex495.44+0.188%Hotstuff495.47+0.194%ApeX Omni495.50+0.200%Coinbase International495.52+0.204%Phoenix495.66+0.233%SunX495.82+0.265%
Ondo Perps
Paradex
Phemex
Hotstuff
ApeX Omni
Coinbase International
Phoenix
SunXVariational Omni495.93+0.288%
edgeX495.96+0.294%BloFin496.01+0.303%Injective496.03+0.307%
BloFin
InjectiveMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSFT | −0.168% | +0.0045% | 1h | $23.3M | $5.1M | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.137% | +0.0050% | 1h | $291K | $209K | 10x | as long as short |
| Lighter RH MSFT | −0.131% | +0.0032% | 1h | $659K | $2.6M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.131% | 0.0000% | 1h | $23K | $89K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.117% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| Lighter MSFT | −0.111% | +0.0032% | 1h | $1.1M | $460K | 20x | as long as short |
| Gate MSFT_USDT | −0.105% | 0.0000% | 8h | $3.0M | $787K | 100x | as long as short |
| Bybit MSFTUSDT | −0.095% | 0.0000% | 8h | $7.2M | $672K | 100x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.091% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Extended MSFT_24_5-USD | −0.091% | 0.0000% | 1h | $335K | $365K | 17x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | −0.085% | 0.0000% | 8h | $3.6M | $1.0M | 100x | as long as short |
| HTX MSFT-USDT | −0.077% | 0.0000% | 8h | $57K | $230K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | −0.069% | 0.0000% | 8h | $2.9M | $386K | 20x | as long as short |
| Aevo MSFT-PERP | −0.064% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Binance MSFTUSDT | −0.062% | 0.0000% | 8h | $15.8M | $6.8M | 20x | as long as short |
| SoDEX MSFT-USD | −0.057% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Arcus MSFT-USD | −0.040% | +0.0298% | 1h | $113K | $49K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.038% | +0.0046% | 1h | — | — | 25x | as long as short |
| Nado MSFT-PERP | −0.037% | −0.0009% | 1h | $460K | $1K | 20x | as long as short |
| Aster MSFTUSDT | −0.015% | 0.0000% | 8h | $150K | $4K | 20x | as long as short |
| QFEX MSFT-USDlong | 0.000% | +0.0038% | 1h | $1.1M | $2.9M | 10x | |
| Ondo Perps MSFT-USD.P | +0.008% | +0.0050% | 1h | $527K | $320K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.010% | +0.0050% | 8h | $218 | — | 5x | as long as short |
| Phemex MSFTUSDT | +0.020% | 0.0000% | 8h | $2.0M | $340K | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.026% | −0.1600% | 1h | $40K | — | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.032% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.036% | −0.0008% | 1h | $671K | $303K | 10x | as long as short |
| Phoenix MSFT | +0.065% | +0.0032% | 1h | $10K | $15K | 20x | as long as short |
| SunX MSFT-USDT | +0.097% | 0.0000% | 8h | $6K | $2.3M | 20x | as long as short |
| Variational Omni MSFTshort | +0.120% | 0.0000% | 8h | $1.3M | $620K | — | |
| edgeX MSFTUSDC | +0.126% | −0.0641% | 4h | $101K | $243K | 10x | as long as short |
| BloFin MSFT-USDT | +0.135% | +0.0023% | 8h | $190K | $103K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.139% | +0.0220% | 1h | $114K | $173K | 30x | as long as short |