Spread before costs (cost unknown: a leg has no order-book sample)−0.060%
7d average—if it closes, per $10,000$6funding while held, a day−$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MSFT-USD | 498.69 | 0.0050 | pay 0.0006% / 1h | 2m 06s | $60K | $3K | 10x |
| Short | Gate MSFT_USDT | 498.39 | 0 | get 0.0000% / 8h | 5h 02m | $3.0M | $1.4M | 100x |
SoDEX MSFT-USD
Gate MSFT_USDTPrice 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
- −$6.02
- Funding while held
- −$1.5
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$30.52
- Spread needed to break even
- 0.230%
Slippage unknown: SoDEX: no order-book sample; Gate: live order book, 2 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 2 min ago | 3.71 bp | 15.1 bp −$15 | 55.0 bp −$550 | doesn't fit | doesn't fit |
SoDEX: 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 Perps498.22cheapestOndo Perps498.29+0.014%Nado498.36+0.028%Hotstuff498.38+0.032%
Polymarket Perps
Ondo Perps
Nado
HotstuffGate498.39+0.034%
tradeXYZ498.41+0.038%ApeX Omni498.41+0.038%Phoenix498.45+0.046%KuCoin498.48+0.052%Deribit498.49+0.054%Vest498.52+0.060%Aster498.58+0.073%Orderly498.59+0.074%HTX498.60+0.076%Aevo498.61+0.078%Paradex498.62+0.080%Arcus498.64+0.084%Bitget498.65+0.086%Extended498.65+0.087%Binance498.66+0.088%QFEX498.67+0.090%Lighter RH498.68+0.092%
tradeXYZ
ApeX Omni
Phoenix
KuCoin
Deribit
Vest
Aster
Orderly
HTX
Aevo
Paradex
Arcus
Bitget
Extended
Binance
QFEX
Lighter RHSoDEX498.69+0.094%
BloFin498.69+0.094%OKX498.72+0.100%Injective498.75+0.106%Bybit498.78+0.112%Lighter498.79+0.114%Phemex498.82+0.120%edgeX498.84+0.125%Variational Omni499.03+0.162%Coinbase International499.37+0.231%SunX499.40+0.237%
BloFin
OKX
Injective
Bybit
Lighter
Phemex
Variational Omni
Coinbase International
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MSFT-USD | −0.094% | +0.0050% | 1h | $301K | $444K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.080% | +0.0050% | 1h | $510K | $453K | 15x | as long as short |
| Nado MSFT-PERP | −0.066% | −0.0004% | 1h | $446K | $25K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.062% | +0.0064% | 1h | $40K | — | 20x | as long as short |
| Gate MSFT_USDTshort | −0.060% | 0.0000% | 8h | $3.0M | $1.4M | 100x | |
| tradeXYZ xyz:MSFT | −0.056% | +0.0050% | 1h | $22.2M | $8.9M | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.056% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| Phoenix MSFT | −0.048% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.042% | +0.0100% | 8h | $1.5M | $11K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.040% | 0.0000% | 1h | $27K | $114K | 10x | as long as short |