data as of
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Price arb /

MSFT

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After costs, if the gap returns to its 7d average, $10k−$192
spread now−0.137%7d average−0.043%fees + slippage, in and out−$183spread needed1.829%
Long on ArcusShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus MSFT-USD497.590.0577pay 0.0072% / 1h30m 52s$111K$75K10x
ShortKuCoin MSFTUSDTM496.910.0100get 0.0100% / 8h6h 30m$1.5M$10K20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$13.67
Funding while held
−$14.31
Slippage, 4 orders
−$166.43
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$210.91
Spread needed to break even
1.829%
Slippage from Arcus: live order book, 9 min ago; KuCoin: live order book, 11 min ago.

Cost of waiting

funding view
Funding /8h
−0.0477%
Per $10,000 a day
−$14.31
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 9 min ago0.90 bp5.0 bp −$55.3 bp −$539.9 bp −$986doesn't fit
Sell KuCoin live order book, 11 min ago7.54 bp84.6 bp −$85doesn't fitdoesn't fitdoesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
KuCoin496.91cheapest
tradeXYZ497.09+0.036%Polymarket Perps497.20+0.058%Aster497.21+0.060%Ondo Perps497.22+0.062%Hotstuff497.24+0.066%Nado497.26+0.071%Phoenix497.27+0.072%Gate497.31+0.080%Lighter RH497.34+0.087%Vest497.35+0.089%Deribit497.41+0.101%ApeX Omni497.42+0.103%SoDEX497.43+0.105%HTX497.46+0.111%Coinbase International497.47+0.113%Bybit497.48+0.115%Bitget497.48+0.115%Binance497.50+0.119%Orderly497.50+0.119%Aevo497.51+0.121%Paradex497.52+0.122%OKX497.52+0.123%edgeX497.53+0.125%Extended497.53+0.126%Lighter497.57+0.133%
Arcus497.59+0.137%
BloFin497.60+0.139%QFEX497.62+0.143%Variational Omni497.84+0.187%Phemex497.90+0.199%Injective497.96+0.211%SunX498.41+0.302%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin MSFTUSDTMshort−0.137%+0.0100%8h$1.5M$10K20x
tradeXYZ xyz:MSFT−0.100%+0.0050%1h$21.9M$8.4M20xas long as short
Polymarket Perps MSFT-USD−0.078%+0.0050%1h$301K$444K10xas long as short
Aster MSFTUSDT−0.076%0.0000%8h$156K$80K20xas long as short
Ondo Perps MSFT-USD.P−0.074%+0.0050%1h$509K$450K15xas long as short
Hotstuff MSFT-PERP−0.070%+0.0024%1h$40K—20xas long as short
Nado MSFT-PERP−0.066%−0.0002%1h$462K$5K20xas long as short
Phoenix MSFT−0.064%+0.0048%1h$10K$15K20xas long as short
Gate MSFT_USDT−0.056%0.0000%8h$3.1M$1.3M100xas long as short
Lighter RH MSFT−0.050%+0.0032%1h$668K$2.1M20xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Vest MSFT-USD-PERP−0.048%+0.0046%1h——25xas long as short
Deribit MSFT_USDC-PERPETUAL−0.036%+0.0152%1h$27K$113K10xas long as short
ApeX Omni MSFTUSDT−0.034%+0.0100%1h$158K$7K50xas long as short
SoDEX MSFT-USD−0.032%+0.0050%1h$60K$3K10xas long as short
HTX MSFT-USDT−0.026%0.0000%8h$58K$231K20xas long as short
Coinbase International MSFT-PERP-INTX−0.024%−0.0056%1h$671K$347K10xas long as short
Bybit MSFTUSDT−0.022%0.0000%8h$7.3M$1.5M100xas long as short
Bitget MSFTUSDT−0.022%0.0000%8h$3.7M$1.7M100xas long as short
Binance MSFTUSDT−0.018%0.0000%8h$15.7M$16.1M20xas long as short
Orderly PERP_MSFT_USDC_mythos−0.018%+0.0100%8h$8K—10xas long as short
Aevo MSFT-PERP−0.016%+0.0104%1h$55—10xas long as short
Paradex MSFT-USD-PERP−0.014%+0.0050%8h$219—5xas long as short
OKX MSFT-USDT-SWAP−0.014%0.0000%8h$3.0M$2.1M20xas long as short
edgeX MSFTUSDC−0.012%−0.0895%4h$101K$245K10xas long as short
Extended MSFT_24_5-USD−0.011%0.0000%1h$372K$410K17xas long as short
Lighter MSFT−0.004%+0.0032%1h$1.1M$542K20xas long as short
Arcus MSFT-USDlong0.000%+0.0577%1h$111K$75K10x
BloFin MSFT-USDT+0.002%−0.0022%8h$191K$177K20xas long as short
QFEX MSFT-USD+0.006%+0.0028%1h$1.2M$4.4M10xas long as short
Variational Omni MSFT+0.050%0.0000%8h$1.3M$719K—as long as short
Phemex MSFTUSDT+0.062%0.0000%8h$2.1M$606K10xas long as short
Injective MSFT/USDC PERP+0.074%+0.0220%1h$114K$125K30xas long as short
SunX MSFT-USDT+0.165%0.0000%8h$6K$4.4M20xas long as short