Spread before costs (cost unknown: a leg has no order-book sample)−0.036%
7d average—if it closes, per $10,000$4funding while held, a day−$43.26
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MSFT-USD | 493.75 | 0.0050 | pay 0.0006% / 1h | 29m 50s | $59K | $3K | 10x |
| Short | Hotstuff MSFT-PERP | 493.57 | −0.1392 | pay 0.0174% / 1h | 29m 50s | $40K | — | 20x |
SoDEX MSFT-USD
Hotstuff 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
- −$3.65
- Funding while held
- −$43.26
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$59.91
- Spread needed to break even
- 0.130%
Slippage unknown: SoDEX: no order-book sample; Hotstuff: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1442%
- Per $10,000 a day
- −$43.26
- 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 Hotstuff no order-book sample | — | — | — | — | — |
SoDEX and Hotstuff: 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.tradeXYZ493.43cheapestDeribit493.50+0.014%
tradeXYZ
DeribitHotstuff493.57+0.028%
Vest493.59+0.032%Polymarket Perps493.59+0.032%Lighter RH493.63+0.041%KuCoin493.65+0.045%HTX493.65+0.045%Gate493.69+0.053%Ondo Perps493.70+0.055%Orderly493.73+0.061%
Vest
Polymarket Perps
Lighter RH
KuCoin
HTX
Gate
Ondo Perps
OrderlySoDEX493.75+0.065%
Coinbase International493.75+0.065%Aevo493.77+0.070%Extended493.78+0.071%Nado493.79+0.072%Bybit493.82+0.079%Lighter493.86+0.087%Paradex493.87+0.089%Arcus493.87+0.089%Bitget493.89+0.093%Binance493.93+0.101%Aster493.98+0.112%QFEX494.00+0.116%OKX494.04+0.124%Phemex494.18+0.152%ApeX Omni494.20+0.156%Variational Omni494.25+0.166%BloFin494.33+0.182%Phoenix494.48+0.213%edgeX494.59+0.234%SunX494.72+0.261%Injective494.74+0.265%
Coinbase International
Aevo
Extended
Nado
Bybit
Lighter
Paradex
Arcus
Bitget
Binance
Aster
QFEX
OKX
Phemex
ApeX Omni
Variational Omni
BloFin
Phoenix
SunX
InjectiveMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSFT | −0.065% | +0.0050% | 1h | $23.2M | $5.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.051% | 0.0000% | 1h | $27K | $98K | 10x | as long as short |
| Hotstuff MSFT-PERPshort | −0.036% | −0.1392% | 1h | $40K | — | 20x | |
| Vest MSFT-USD-PERP | −0.032% | +0.0046% | 1h | — | — | 25x | as long as short |
| Polymarket Perps MSFT-USD | −0.032% | +0.0050% | 1h | $291K | $411K | 10x | as long as short |
| Lighter RH MSFT | −0.024% | +0.0032% | 1h | $686K | $2.1M | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.020% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| HTX MSFT-USDT | −0.020% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| Gate MSFT_USDT | −0.012% | 0.0000% | 8h | $3.0M | $971K | 100x | as long as short |
| Ondo Perps MSFT-USD.P | −0.010% | +0.0050% | 1h | $539K | $369K | 15x | as long as short |