Spread before costs (cost unknown: a leg has no order-book sample)+0.132%
7d average+0.007%if it closes, per $10,000$13funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSFT | 498.11 | 0 | get 0.0000% / 8h | 5h 12m | $1.3M | $704K | — |
| Short | OKX MSFT-USDT-SWAP | 498.77 | 0 | get 0.0000% / 8h | 5h 12m | $3.0M | $2.1M | 20x |
Variational Omni MSFT
OKX MSFT-USDT-SWAPPrice 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
- $13.2
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $3.2
- Spread needed to break even
- 0.100%
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; OKX: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 | 16.2 bp −$162 | doesn't fit | doesn't fit |
| Sell OKX live order book, 6 min ago | 1.30 bp | 8.3 bp −$8 | 14.3 bp −$143 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International497.71cheapestPolymarket Perps498.07+0.072%Ondo Perps498.09+0.076%Nado498.10+0.079%
Coinbase International
Polymarket Perps
Ondo Perps
NadoVariational Omni498.11+0.081%
ApeX Omni498.13+0.084%Phoenix498.19+0.096%Hotstuff498.21+0.100%KuCoin498.30+0.119%Vest498.30+0.119%edgeX498.38+0.134%QFEX498.38+0.135%HTX498.38+0.135%Paradex498.40+0.138%Bitget498.44+0.147%tradeXYZ498.46+0.151%Arcus498.47+0.153%Aster498.51+0.161%BloFin498.54+0.167%Gate498.55+0.169%Deribit498.58+0.175%SoDEX498.65+0.189%Orderly498.66+0.191%Lighter RH498.67+0.193%Aevo498.69+0.196%Phemex498.70+0.199%Injective498.75+0.209%
ApeX Omni
Phoenix
Hotstuff
KuCoin
Vest
QFEX
HTX
Paradex
Bitget
tradeXYZ
Arcus
Aster
BloFin
Gate
Deribit
SoDEX
Orderly
Lighter RH
Aevo
Phemex
InjectiveOKX498.77+0.213%
Bybit498.88+0.235%Extended498.88+0.235%Lighter498.90+0.239%Binance498.93+0.245%SunX499.21+0.301%
Bybit
Extended
Lighter
Binance
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 | −0.081% | −0.0056% | 1h | $683K | $362K | 10x | as long as short |
| Polymarket Perps MSFT-USD | −0.009% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.005% | +0.0050% | 1h | $509K | $452K | 15x | as long as short |
| Nado MSFT-PERP | −0.001% | 0.0000% | 1h | $447K | $24K | 20x | as long as short |
| Variational Omni MSFTlong | 0.000% | 0.0000% | 8h | $1.3M | $704K | — | |
| ApeX Omni MSFTUSDT | +0.004% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| Phoenix MSFT | +0.016% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.020% | +0.0056% | 1h | $40K | — | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.038% | +0.0100% | 8h | $1.5M | $11K | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.038% | +0.0046% | 1h | — | — | 25x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | +0.053% | −0.0661% | 4h | $101K | $245K | 10x | as long as short |
| QFEX MSFT-USD | +0.054% | +0.0044% | 1h | $1.2M | $4.9M | 10x | as long as short |
| HTX MSFT-USDT | +0.054% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Paradex MSFT-USD-PERP | +0.057% | +0.0050% | 8h | $219 | — | 5x | as long as short |
| Bitget MSFTUSDT | +0.066% | +0.0031% | 8h | $3.7M | $1.7M | 100x | as long as short |
| tradeXYZ xyz:MSFT | +0.070% | +0.0050% | 1h | $22.1M | $8.8M | 20x | as long as short |
| Arcus MSFT-USD | +0.072% | +0.0573% | 1h | $111K | $75K | 10x | as long as short |
| Aster MSFTUSDT | +0.080% | 0.0000% | 8h | $156K | $86K | 20x | as long as short |
| BloFin MSFT-USDT | +0.086% | −0.0020% | 8h | $192K | $194K | 20x | as long as short |
| Gate MSFT_USDT | +0.088% | 0.0000% | 8h | $3.0M | $1.4M | 100x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.094% | 0.0000% | 1h | $27K | $114K | 10x | as long as short |
| SoDEX MSFT-USD | +0.108% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.110% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Lighter RH MSFT | +0.112% | +0.0032% | 1h | $648K | $2.1M | 20x | as long as short |
| Aevo MSFT-PERP | +0.115% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Phemex MSFTUSDT | +0.118% | 0.0000% | 8h | $2.1M | $670K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.128% | +0.0220% | 1h | $114K | $88K | 30x | as long as short |
| OKX MSFT-USDT-SWAPshort | +0.132% | 0.0000% | 8h | $3.0M | $2.1M | 20x | |
| Bybit MSFTUSDT | +0.154% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| Extended MSFT_24_5-USD | +0.154% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Lighter MSFT | +0.158% | +0.0072% | 1h | $1.1M | $538K | 20x | as long as short |
| Binance MSFTUSDT | +0.164% | 0.0000% | 8h | $15.6M | $17.1M | 20x | as long as short |
| SunX MSFT-USDT | +0.220% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |