After costs, if the gap returns to its 7d average, $10k−$26
spread now+0.026%7d average+0.031%fees + slippage, in and out−$25spread needed0.254%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MSFT-USD | 492.92 | 0.0325 | pay 0.0041% / 1h | 42m 33s | $112K | $48K | 10x |
| Short | Binance MSFTUSDT | 493.05 | 0 | get 0.0000% / 8h | 42m 33s | $15.8M | $12.9M | 20x |
Arcus MSFT-USD
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
- $2.64
- Funding while held
- −$9.75
- Slippage, 4 orders
- −$10.89
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$32.5
- Spread needed to break even
- 0.254%
Slippage from Arcus: live order book, 7 min ago; Binance: live order book, 15 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0325%
- Per $10,000 a day
- −$9.75
- 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 Arcus live order book, 7 min ago | 2.03 bp | 8.6 bp −$9 | 9.6 bp −$96 | 12.9 bp −$1,294 | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.10 bp | 5.9 bp −$6 | 11.2 bp −$112 | 38.9 bp −$3,886 | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Polymarket Perps492.53cheapesttradeXYZ492.55+0.004%Hotstuff492.56+0.006%Vest492.63+0.020%KuCoin492.68+0.030%Nado492.68+0.031%Ondo Perps492.73+0.041%Gate492.79+0.053%Lighter RH492.87+0.069%ApeX Omni492.87+0.069%Paradex492.88+0.071%
Polymarket Perps
tradeXYZ
Hotstuff
Vest
KuCoin
Nado
Ondo Perps
Gate
Lighter RH
ApeX Omni
ParadexArcus492.92+0.079%
Deribit492.94+0.083%Lighter492.97+0.089%Bitget492.97+0.089%QFEX492.99+0.093%Extended492.99+0.094%Coinbase International493.01+0.097%OKX493.02+0.099%Bybit493.03+0.102%Aster493.04+0.103%
Deribit
Lighter
Bitget
QFEX
Extended
Coinbase International
OKX
Bybit
AsterBinance493.05+0.106%
HTX493.07+0.110%SoDEX493.08+0.112%Orderly493.16+0.128%Phoenix493.20+0.136%Aevo493.21+0.137%BloFin493.26+0.148%edgeX493.30+0.157%Injective493.40+0.177%Variational Omni493.50+0.197%Phemex493.55+0.207%SunX494.00+0.298%
HTX
SoDEX
Orderly
Phoenix
Aevo
BloFin
Injective
Variational Omni
Phemex
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MSFT-USD | −0.079% | +0.0050% | 1h | $287K | $472K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.075% | +0.0050% | 1h | $23.1M | $6.1M | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.073% | +0.0048% | 1h | $40K | — | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.059% | +0.0046% | 1h | — | — | 25x | as long as short |
| KuCoin MSFTUSDTM | −0.049% | +0.0100% | 8h | $1.4M | $7K | 20x | as long as short |
| Nado MSFT-PERP | −0.048% | −0.0005% | 1h | $458K | $4K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.039% | +0.0050% | 1h | $536K | $371K | 15x | as long as short |
| Gate MSFT_USDT | −0.026% | 0.0000% | 8h | $3.0M | $1.0M | 100x | as long as short |
| Lighter RH MSFT | −0.010% | +0.0032% | 1h | $677K | $2.0M | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.010% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MSFT-USD-PERP | −0.009% | +0.0052% | 8h | $217 | — | 5x | as long as short |
| Arcus MSFT-USDlong | 0.000% | +0.0325% | 1h | $112K | $48K | 10x | |
| Deribit MSFT_USDC-PERPETUAL | +0.004% | 0.0000% | 1h | $27K | $103K | 10x | as long as short |
| Lighter MSFT | +0.010% | +0.0032% | 1h | $1.1M | $529K | 20x | as long as short |
| Bitget MSFTUSDT | +0.010% | 0.0000% | 8h | $3.7M | $1.6M | 100x | as long as short |
| QFEX MSFT-USD | +0.014% | +0.0052% | 1h | $1.1M | $3.3M | 10x | as long as short |
| Extended MSFT_24_5-USD | +0.015% | 0.0000% | 1h | $327K | $380K | 17x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.018% | −0.0008% | 1h | $663K | $333K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.020% | 0.0000% | 8h | $3.1M | $1.4M | 20x | as long as short |
| Bybit MSFTUSDT | +0.022% | 0.0000% | 8h | $7.4M | $1.1M | 100x | as long as short |
| Aster MSFTUSDT | +0.024% | 0.0000% | 8h | $151K | $76K | 20x | as long as short |
| Binance MSFTUSDTshort | +0.026% | 0.0000% | 8h | $15.8M | $12.9M | 20x | |
| HTX MSFT-USDT | +0.030% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| SoDEX MSFT-USD | +0.032% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.049% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Phoenix MSFT | +0.057% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| Aevo MSFT-PERP | +0.058% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| BloFin MSFT-USDT | +0.069% | +0.0012% | 8h | $193K | $141K | 20x | as long as short |
| edgeX MSFTUSDC | +0.078% | +0.0904% | 4h | $100K | $245K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.097% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| Variational Omni MSFT | +0.117% | 0.0000% | 8h | $1.2M | $686K | — | as long as short |
| Phemex MSFTUSDT | +0.128% | 0.0000% | 8h | $2.1M | $475K | 10x | as long as short |
| SunX MSFT-USDT | +0.219% | 0.0000% | 8h | $6K | $3.8M | 20x | as long as short |