Spread before costs (cost unknown: a leg has no order-book sample)+0.205%
7d average—if it closes, per $10,000$21funding while held, a day−$23.32
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSFT-USD-PERP | 491.87 | 0.0046 | pay 0.0006% / 1h | 29m 37s | — | — | 25x |
| Short | edgeX MSFTUSDC | 492.88 | −0.0732 | pay 0.0366% / 4h | 29m 37s | $100K | $245K | 10x |
Vest MSFT-USD-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
- $20.54
- Funding while held
- −$23.32
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$13.78
- Spread needed to break even
- 0.110%
Slippage unknown: Vest: no order-book sample; edgeX: live order book, 19 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0777%
- Per $10,000 a day
- −$23.32
- 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 Vest no order-book sample | — | — | — | — | — |
| Sell edgeX live order book, 19 min ago | 5.67 bp | 10.3 bp −$10 | 12.7 bp −$127 | doesn't fit | doesn't fit |
Vest: 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.KuCoin491.74cheapestPolymarket Perps491.82+0.016%
KuCoin
Polymarket PerpsVest491.87+0.026%
tradeXYZ491.89+0.031%Ondo Perps491.91+0.035%Gate492.01+0.055%Hotstuff492.02+0.057%Deribit492.04+0.061%Nado492.06+0.066%Lighter RH492.09+0.071%Orderly492.13+0.079%QFEX492.16+0.085%Arcus492.17+0.087%Lighter492.18+0.089%Paradex492.19+0.091%Extended492.20+0.093%HTX492.21+0.096%Aevo492.21+0.096%SoDEX492.22+0.098%OKX492.26+0.106%Bitget492.27+0.108%Bybit492.29+0.112%Binance492.31+0.115%Phoenix492.42+0.138%BloFin492.43+0.140%ApeX Omni492.46+0.146%Variational Omni492.52+0.158%Injective492.52+0.159%Phemex492.55+0.165%Aster492.69+0.193%Coinbase International493.01+0.258%SunX493.04+0.264%
tradeXYZ
Ondo Perps
Gate
Hotstuff
Deribit
Nado
Lighter RH
Orderly
QFEX
Arcus
Lighter
Paradex
Extended
HTX
Aevo
SoDEX
OKX
Bitget
Bybit
Binance
Phoenix
BloFin
ApeX Omni
Variational Omni
Injective
Phemex
Aster
Coinbase International
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTM | −0.026% | +0.0100% | 8h | $1.4M | $7K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.010% | +0.0050% | 1h | $287K | $472K | 10x | as long as short |
| Vest MSFT-USD-PERPlong | 0.000% | +0.0046% | 1h | — | — | 25x | |
| tradeXYZ xyz:MSFT | +0.004% | +0.0050% | 1h | $21.9M | $7.3M | 20x | as long as short |
| Ondo Perps MSFT-USD.P | +0.008% | +0.0050% | 1h | $535K | $373K | 15x | as long as short |
| Gate MSFT_USDT | +0.028% | 0.0000% | 8h | $3.0M | $1.0M | 100x | as long as short |
| Hotstuff MSFT-PERP | +0.030% | +0.0040% | 1h | $40K | — | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.035% | +0.0035% | 1h | $27K | $105K | 10x | as long as short |
| Nado MSFT-PERP | +0.039% | 0.0000% | 1h | $457K | $4K | 20x | as long as short |
| Lighter RH MSFT | +0.045% | +0.0032% | 1h | $680K | $2.0M | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_MSFT_USDC_mythos | +0.053% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| QFEX MSFT-USD | +0.059% | +0.0052% | 1h | $1.1M | $3.4M | 10x | as long as short |
| Arcus MSFT-USD | +0.061% | +0.0325% | 1h | $112K | $48K | 10x | as long as short |
| Lighter MSFT | +0.063% | +0.0032% | 1h | $1.1M | $532K | 20x | as long as short |
| Paradex MSFT-USD-PERP | +0.065% | +0.0052% | 8h | $217 | — | 5x | as long as short |
| Extended MSFT_24_5-USD | +0.067% | 0.0000% | 1h | $327K | $380K | 17x | as long as short |
| HTX MSFT-USDT | +0.069% | 0.0000% | 8h | $58K | $229K | 20x | as long as short |
| Aevo MSFT-PERP | +0.070% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| SoDEX MSFT-USD | +0.071% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.079% | 0.0000% | 8h | $3.1M | $1.4M | 20x | as long as short |
| Bitget MSFTUSDT | +0.081% | 0.0000% | 8h | $3.7M | $1.6M | 100x | as long as short |
| Bybit MSFTUSDT | +0.085% | 0.0000% | 8h | $7.4M | $1.1M | 100x | as long as short |
| Binance MSFTUSDT | +0.088% | +0.0003% | 8h | $15.6M | $13.3M | 20x | as long as short |
| Phoenix MSFT | +0.112% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| BloFin MSFT-USDT | +0.114% | +0.0024% | 8h | $198K | $144K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.120% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Variational Omni MSFT | +0.132% | 0.0000% | 8h | $1.2M | $690K | — | as long as short |
| Injective MSFT/USDC PERP | +0.132% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| Phemex MSFTUSDT | +0.138% | 0.0000% | 8h | $2.1M | $489K | 10x | as long as short |
| Aster MSFTUSDT | +0.166% | 0.0000% | 8h | $151K | $80K | 20x | as long as short |
| edgeX MSFTUSDCshort | +0.205% | −0.0732% | 4h | $100K | $245K | 10x | |
| Coinbase International MSFT-PERP-INTX | +0.232% | −0.0008% | 1h | $663K | $333K | 10x | as long as short |
| SunX MSFT-USDT | +0.238% | 0.0000% | 8h | $6K | $3.9M | 20x | as long as short |