Spread before costs (cost unknown: a leg has no order-book sample)−0.024%
7d average+0.015%if it closes, per $10,000$2funding while held, a day+$0.01
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSFT | 496.19 | 0.0050 | pay 0.0006% / 1h | 8m 23s | $22.2M | $7.8M | 20x |
| Short | Ondo Perps MSFT-USD.P | 496.07 | 0.0050 | get 0.0006% / 1h | 8m 23s | $514K | $428K | 15x |
tradeXYZ xyz:MSFT
Ondo Perps MSFT-USD.PPrice 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
- −$2.42
- Funding while held
- $0.01
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$25.41
- Spread needed to break even
- 0.230%
Slippage unknown: tradeXYZ: live order book, 12 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.01
- 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 tradeXYZ live order book, 12 min ago | 0.40 bp | 10.0 bp −$10 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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.ApeX Omni496.01cheapestPolymarket Perps496.06+0.010%
ApeX Omni
Polymarket PerpsOndo Perps496.07+0.012%
Phoenix496.10+0.018%edgeX496.18+0.033%
PhoenixtradeXYZ496.19+0.036%
Gate496.26+0.050%Bybit496.34+0.067%OKX496.34+0.067%KuCoin496.37+0.073%Coinbase International496.40+0.079%Bitget496.41+0.081%QFEX496.43+0.085%Paradex496.44+0.086%Binance496.44+0.087%Aevo496.45+0.089%Vest496.47+0.093%Orderly496.47+0.093%Extended496.48+0.094%Lighter RH496.53+0.105%Arcus496.55+0.109%Nado496.59+0.116%Lighter496.63+0.125%Injective496.65+0.129%Variational Omni496.69+0.138%Hotstuff496.71+0.141%Aster496.74+0.147%SoDEX496.76+0.151%Phemex496.83+0.165%Deribit496.86+0.171%HTX496.88+0.175%BloFin496.98+0.196%SunX497.73+0.347%
Gate
Bybit
OKX
KuCoin
Coinbase International
Bitget
QFEX
Paradex
Binance
Aevo
Vest
Orderly
Extended
Lighter RH
Arcus
Nado
Lighter
Injective
Variational Omni
Hotstuff
Aster
SoDEX
Phemex
Deribit
HTX
BloFin
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSFTUSDT | −0.036% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Polymarket Perps MSFT-USD | −0.026% | +0.0050% | 1h | $301K | $443K | 10x | as long as short |
| Ondo Perps MSFT-USD.Pshort | −0.024% | +0.0050% | 1h | $514K | $428K | 15x | |
| Phoenix MSFT | −0.018% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| edgeX MSFTUSDC | −0.003% | +0.0871% | 4h | $101K | $243K | 10x | as long as short |
| tradeXYZ xyz:MSFTlong | 0.000% | +0.0050% | 1h | $22.2M | $7.8M | 20x | |
| Gate MSFT_USDT | +0.014% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
| Bybit MSFTUSDT | +0.030% | 0.0000% | 8h | $7.3M | $1.4M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | +0.030% | 0.0000% | 8h | $3.0M | $1.7M | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.036% | +0.0100% | 8h | $1.5M | $9K | 20x | as long as short |