Spread before costs (cost unknown: a leg has no order-book sample)+0.022%
7d average+0.006%if it closes, per $10,000$2funding while held, a day+$0.21
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSFT | 495.48 | 0 | get 0.0000% / 8h | 7h 17m | $1.2M | $706K | — |
| Short | Binance MSFTUSDT | 495.59 | 0.0007 | get 0.0007% / 8h | 7h 17m | $15.7M | $15.1M | 20x |
Variational Omni MSFT
Binance MSFTUSDTPrice 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
- $2.17
- Funding while held
- $0.21
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$7.62
- Spread needed to break even
- 0.100%
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Binance: live order book, 10 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0007%
- Per $10,000 a day
- +$0.21
- 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 Variational Omni RFQ quote, 3 min ago | 2.53 bp | doesn't fit | 14.0 bp −$140 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.10 bp | 6.0 bp −$6 | 9.5 bp −$95 | 34.7 bp −$3,465 | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International495.00cheapestKuCoin495.03+0.006%Hotstuff495.17+0.034%Ondo Perps495.19+0.038%Polymarket Perps495.19+0.038%ApeX Omni495.23+0.046%Nado495.24+0.049%tradeXYZ495.30+0.061%Phoenix495.33+0.067%Gate495.39+0.079%Vest495.41+0.083%edgeX495.45+0.091%BloFin495.46+0.093%
Coinbase International
KuCoin
Hotstuff
Ondo Perps
Polymarket Perps
ApeX Omni
Nado
tradeXYZ
Phoenix
Gate
Vest
BloFinVariational Omni495.48+0.097%
Lighter RH495.49+0.099%HTX495.49+0.099%Deribit495.52+0.105%SoDEX495.54+0.109%Paradex495.55+0.110%OKX495.55+0.111%Bybit495.56+0.113%QFEX495.56+0.113%Bitget495.57+0.115%
Lighter RH
HTX
Deribit
SoDEX
Paradex
OKX
Bybit
QFEX
BitgetBinance495.59+0.119%
Lighter495.60+0.121%Aevo495.60+0.121%Orderly495.61+0.123%Extended495.65+0.131%Arcus495.68+0.137%Phemex495.78+0.158%Injective495.84+0.170%Aster496.14+0.230%SunX496.36+0.275%
Lighter
Aevo
Orderly
Extended
Arcus
Phemex
Injective
Aster
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.097% | 0.0000% | 1h | $667K | $339K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.091% | +0.0100% | 8h | $1.4M | $9K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.063% | 0.0000% | 1h | $40K | — | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.059% | +0.0050% | 1h | $529K | $415K | 15x | as long as short |
| Polymarket Perps MSFT-USD | −0.059% | +0.0050% | 1h | $300K | $469K | 10x | as long as short |
| ApeX Omni MSFTUSDT | −0.051% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Nado MSFT-PERP | −0.048% | −0.0001% | 1h | $460K | $5K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.037% | +0.0050% | 1h | $22.2M | $7.8M | 20x | as long as short |
| Phoenix MSFT | −0.031% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| Gate MSFT_USDT | −0.019% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest MSFT-USD-PERP | −0.015% | +0.0046% | 1h | — | — | 25x | as long as short |
| edgeX MSFTUSDC | −0.007% | +0.0132% | 4h | $101K | $245K | 10x | as long as short |
| BloFin MSFT-USDT | −0.005% | +0.0002% | 8h | $147K | $166K | 20x | as long as short |
| Variational Omni MSFTlong | 0.000% | 0.0000% | 8h | $1.2M | $706K | — | |
| Lighter RH MSFT | +0.002% | +0.0032% | 1h | $654K | $2.1M | 20x | as long as short |
| HTX MSFT-USDT | +0.002% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.008% | 0.0000% | 1h | $27K | $112K | 10x | as long as short |
| SoDEX MSFT-USD | +0.012% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.013% | +0.0050% | 8h | $218 | — | 5x | as long as short |
| OKX MSFT-USDT-SWAP | +0.014% | 0.0000% | 8h | $3.0M | $1.6M | 20x | as long as short |
| Bybit MSFTUSDT | +0.016% | 0.0000% | 8h | $7.3M | $1.3M | 100x | as long as short |
| QFEX MSFT-USD | +0.016% | +0.0042% | 1h | $1.1M | $4.0M | 10x | as long as short |
| Bitget MSFTUSDT | +0.018% | 0.0000% | 8h | $3.6M | $1.7M | 100x | as long as short |
| Binance MSFTUSDTshort | +0.022% | +0.0007% | 8h | $15.7M | $15.1M | 20x | |
| Lighter MSFT | +0.024% | +0.0032% | 1h | $1.1M | $539K | 20x | as long as short |
| Aevo MSFT-PERP | +0.024% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.026% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Extended MSFT_24_5-USD | +0.034% | +0.0008% | 1h | $329K | $380K | 17x | as long as short |
| Arcus MSFT-USD | +0.040% | +0.0442% | 1h | $112K | $52K | 10x | as long as short |
| Phemex MSFTUSDT | +0.060% | 0.0000% | 8h | $2.1M | $564K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.072% | +0.0220% | 1h | $114K | $154K | 30x | as long as short |
| Aster MSFTUSDT | +0.132% | 0.0000% | 8h | $156K | $80K | 20x | as long as short |
| SunX MSFT-USDT | +0.177% | 0.0000% | 8h | $6K | $4.4M | 20x | as long as short |