After costs, if the gap returns to its 7d average, $10k−$57
spread now−0.016%7d average−0.019%fees + slippage, in and out−$57spread needed0.574%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSFTUSDT | 496.74 | 0 | get 0.0000% / 8h | 7h 02m | $156K | $80K | 20x |
| Short | edgeX MSFTUSDC | 496.66 | −0.0389 | pay 0.0194% / 4h | 3h 02m | $101K | $244K | 10x |
Aster 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
- −$1.6
- Funding while held
- −$11.66
- Slippage, 4 orders
- −$40.43
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$70.7
- Spread needed to break even
- 0.574%
Slippage from Aster: live order book, 41 min ago; edgeX: live order book, 42 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0389%
- Per $10,000 a day
- −$11.66
- 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 Aster live order book, 41 min ago | 10.01 bp | 21.4 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 42 min ago | 5.16 bp | 9.9 bp −$10 | 12.1 bp −$121 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni496.03cheapestCoinbase International496.17+0.028%Polymarket Perps496.18+0.030%Ondo Perps496.34+0.062%Nado496.38+0.070%Gate496.41+0.077%tradeXYZ496.43+0.081%Hotstuff496.43+0.081%HTX496.43+0.081%Variational Omni496.52+0.098%KuCoin496.55+0.105%Vest496.56+0.107%QFEX496.59+0.113%Phoenix496.60+0.115%SoDEX496.60+0.115%Paradex496.61+0.116%Bybit496.61+0.117%Lighter RH496.63+0.121%Deribit496.63+0.121%Aevo496.65+0.125%Injective496.65+0.125%Orderly496.67+0.129%Arcus496.68+0.131%Bitget496.70+0.135%Binance496.72+0.139%
ApeX Omni
Coinbase International
Polymarket Perps
Ondo Perps
Nado
Gate
tradeXYZ
Hotstuff
HTX
Variational Omni
KuCoin
Vest
QFEX
Phoenix
SoDEX
Paradex
Bybit
Lighter RH
Deribit
Aevo
Injective
Orderly
Arcus
Bitget
BinanceAster496.74+0.143%
BloFin496.74+0.143%OKX496.75+0.145%Extended496.75+0.146%Lighter496.79+0.153%Phemex496.83+0.161%SunX497.45+0.286%
BloFin
OKX
Extended
Lighter
Phemex
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSFTUSDT | −0.143% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.115% | 0.0000% | 1h | $668K | $343K | 10x | as long as short |
| Polymarket Perps MSFT-USD | −0.113% | +0.0050% | 1h | $301K | $443K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.081% | +0.0050% | 1h | $509K | $435K | 15x | as long as short |
| Nado MSFT-PERP | −0.073% | −0.0004% | 1h | $461K | $5K | 20x | as long as short |
| Gate MSFT_USDT | −0.066% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
| tradeXYZ xyz:MSFT | −0.062% | +0.0050% | 1h | $22.2M | $7.8M | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.062% | −0.1600% | 1h | $40K | — | 20x | as long as short |
| HTX MSFT-USDT | −0.062% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Variational Omni MSFT | −0.045% | 0.0000% | 8h | $1.3M | $729K | — | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTM | −0.038% | +0.0100% | 8h | $1.5M | $9K | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.036% | +0.0046% | 1h | — | — | 25x | as long as short |
| QFEX MSFT-USD | −0.030% | +0.0042% | 1h | $1.1M | $4.2M | 10x | as long as short |
| Phoenix MSFT | −0.028% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| SoDEX MSFT-USD | −0.028% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | −0.027% | +0.0050% | 8h | $219 | — | 5x | as long as short |
| Bybit MSFTUSDT | −0.026% | 0.0000% | 8h | $7.3M | $1.4M | 100x | as long as short |
| Lighter RH MSFT | −0.022% | +0.0032% | 1h | $667K | $2.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.022% | 0.0000% | 1h | $27K | $113K | 10x | as long as short |
| Aevo MSFT-PERP | −0.018% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | −0.018% | +0.0220% | 1h | $114K | $154K | 30x | as long as short |
| edgeX MSFTUSDCshort | −0.016% | −0.0389% | 4h | $101K | $244K | 10x | |
| Orderly PERP_MSFT_USDC_mythos | −0.014% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Arcus MSFT-USD | −0.012% | +0.0442% | 1h | $112K | $52K | 10x | as long as short |
| Bitget MSFTUSDT | −0.008% | 0.0000% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Binance MSFTUSDT | −0.004% | 0.0000% | 8h | $15.6M | $15.4M | 20x | as long as short |
| Aster MSFTUSDTlong | 0.000% | 0.0000% | 8h | $156K | $80K | 20x | |
| BloFin MSFT-USDT | 0.000% | −0.0004% | 8h | $190K | $170K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.002% | 0.0000% | 8h | $3.0M | $1.7M | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.003% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| Lighter MSFT | +0.010% | +0.0032% | 1h | $1.1M | $540K | 20x | as long as short |
| Phemex MSFTUSDT | +0.018% | 0.0000% | 8h | $2.1M | $582K | 10x | as long as short |
| SunX MSFT-USDT | +0.143% | 0.0000% | 8h | $6K | $4.4M | 20x | as long as short |