Spread before costs (cost unknown: a leg has no order-book sample)−0.074%
7d average—if it closes, per $10,000$7funding while held, a day+$0.07
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSFT-USD-PERP | 499.34 | 0.0046 | pay 0.0006% / 1h | 50m 34s | — | — | 25x |
| Short | Phoenix MSFT | 498.97 | 0.0048 | get 0.0006% / 1h | 50m 34s | $10K | $15K | 20x |
Vest MSFT-USD-PERP
Phoenix MSFTPrice 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
- −$7.41
- Funding while held
- $0.07
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$16.34
- Spread needed to break even
- 0.090%
Slippage unknown: Vest: no order-book sample; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0002%
- Per $10,000 a day
- +$0.07
- 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 Phoenix no order-book sample | — | — | — | — | — |
Vest and Phoenix: 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 Omni498.72cheapest
ApeX OmniPhoenix498.97+0.050%
Coinbase International499.03+0.062%Nado499.04+0.064%KuCoin499.09+0.074%Polymarket Perps499.09+0.074%Ondo Perps499.18+0.092%Variational Omni499.24+0.104%edgeX499.24+0.105%Hotstuff499.29+0.114%tradeXYZ499.31+0.118%
Coinbase International
Nado
KuCoin
Polymarket Perps
Ondo Perps
Variational Omni
Hotstuff
tradeXYZVest499.34+0.124%
Gate499.36+0.128%Aster499.36+0.128%Deribit499.40+0.136%HTX499.40+0.136%Orderly499.47+0.150%Lighter RH499.48+0.152%SoDEX499.49+0.154%Aevo499.52+0.160%OKX499.54+0.164%BloFin499.55+0.166%Binance499.60+0.176%Paradex499.61+0.178%Extended499.62+0.181%QFEX499.63+0.182%Bitget499.63+0.182%Arcus499.64+0.184%Bybit499.68+0.192%Phemex499.73+0.203%Lighter499.76+0.209%SunX500.01+0.259%Injective500.11+0.279%
Gate
Aster
Deribit
HTX
Orderly
Lighter RH
SoDEX
Aevo
OKX
BloFin
Binance
Paradex
Extended
QFEX
Bitget
Arcus
Bybit
Phemex
Lighter
SunX
InjectiveMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSFTUSDT | −0.124% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| Phoenix MSFTshort | −0.074% | +0.0048% | 1h | $10K | $15K | 20x | |
| Coinbase International MSFT-PERP-INTX | −0.062% | −0.0056% | 1h | $678K | $355K | 10x | as long as short |
| Nado MSFT-PERP | −0.060% | −0.0016% | 1h | $448K | $24K | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.050% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.050% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.032% | +0.0050% | 1h | $510K | $451K | 15x | as long as short |
| Variational Omni MSFT | −0.021% | 0.0000% | 8h | $1.3M | $717K | — | as long as short |
| edgeX MSFTUSDC | −0.019% | −0.0722% | 4h | $102K | $244K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.010% | +0.0112% | 1h | $40K | — | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSFT | −0.006% | +0.0050% | 1h | $21.8M | $8.6M | 20x | as long as short |
| Vest MSFT-USD-PERPlong | 0.000% | +0.0046% | 1h | — | — | 25x | |
| Gate MSFT_USDT | +0.004% | 0.0000% | 8h | $3.1M | $1.4M | 100x | as long as short |
| Aster MSFTUSDT | +0.004% | 0.0000% | 8h | $157K | $80K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.012% | 0.0000% | 1h | $27K | $114K | 10x | as long as short |
| HTX MSFT-USDT | +0.012% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.026% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Lighter RH MSFT | +0.028% | +0.0032% | 1h | $661K | $2.1M | 20x | as long as short |
| SoDEX MSFT-USD | +0.030% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Aevo MSFT-PERP | +0.036% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.040% | 0.0000% | 8h | $3.1M | $2.1M | 20x | as long as short |
| BloFin MSFT-USDT | +0.042% | −0.0016% | 8h | $194K | $186K | 20x | as long as short |
| Binance MSFTUSDT | +0.052% | 0.0000% | 8h | $15.7M | $16.7M | 20x | as long as short |
| Paradex MSFT-USD-PERP | +0.054% | +0.0050% | 8h | $220 | — | 5x | as long as short |
| Extended MSFT_24_5-USD | +0.056% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| QFEX MSFT-USD | +0.058% | +0.0044% | 1h | $1.2M | $4.6M | 10x | as long as short |
| Bitget MSFTUSDT | +0.058% | +0.0005% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Arcus MSFT-USD | +0.060% | +0.0573% | 1h | $111K | $75K | 10x | as long as short |
| Bybit MSFTUSDT | +0.068% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| Phemex MSFTUSDT | +0.078% | 0.0000% | 8h | $2.1M | $643K | 10x | as long as short |
| Lighter MSFT | +0.084% | +0.0072% | 1h | $1.1M | $537K | 20x | as long as short |
| SunX MSFT-USDT | +0.134% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.154% | +0.0220% | 1h | $115K | $88K | 30x | as long as short |