After costs, if the gap returns to its 7d average, $10k−$24
spread now+0.009%7d average−0.083%fees + slippage, in and out−$33spread needed0.330%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSFTUSDT | 493.54 | 0 | get 0.0000% / 8h | 47m 52s | $151K | $76K | 20x |
| Short | Injective MSFT/USDC PERP | 493.59 | 0.0220 | get 0.0028% / 1h | 47m 52s | $113K | $154K | 30x |
Aster MSFTUSDT
Injective MSFT/USDC 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
- $0.93
- Funding while held
- $6.6
- Slippage, 4 orders
- −$24.96
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$25.45
- Spread needed to break even
- 0.330%
Slippage from Aster: live order book, 65 min ago; Injective: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0220%
- Per $10,000 a day
- +$6.60
- 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, 65 min ago | 0.81 bp | 7.5 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 2 min ago | 9.94 bp | 9.9 bp −$10 | 9.9 bp −$99 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.tradeXYZ492.97cheapestOndo Perps492.99+0.004%Hotstuff492.99+0.004%Polymarket Perps493.06+0.018%Nado493.17+0.042%Vest493.18+0.043%ApeX Omni493.19+0.045%Phoenix493.20+0.047%KuCoin493.21+0.049%Gate493.32+0.071%Paradex493.34+0.074%Deribit493.34+0.075%Lighter RH493.35+0.077%QFEX493.41+0.089%Arcus493.44+0.095%HTX493.45+0.097%Bybit493.46+0.099%Extended493.47+0.101%OKX493.47+0.101%Orderly493.47+0.101%SoDEX493.48+0.103%Bitget493.52+0.112%Lighter493.53+0.114%
tradeXYZ
Ondo Perps
Hotstuff
Polymarket Perps
Nado
Vest
ApeX Omni
Phoenix
KuCoin
Gate
Paradex
Deribit
Lighter RH
QFEX
Arcus
HTX
Bybit
Extended
OKX
Orderly
SoDEX
Bitget
LighterAster493.54+0.117%
Aevo493.55+0.118%Binance493.56+0.120%
Aevo
BinanceInjective493.59+0.126%
BloFin493.62+0.132%Variational Omni493.70+0.149%edgeX493.74+0.157%Coinbase International493.89+0.187%Phemex493.89+0.187%SunX494.31+0.272%
BloFin
Variational Omni
Coinbase International
Phemex
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSFT | −0.116% | +0.0050% | 1h | $23.1M | $6.1M | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.112% | +0.0050% | 1h | $536K | $371K | 15x | as long as short |
| Hotstuff MSFT-PERP | −0.112% | +0.0032% | 1h | $40K | — | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.098% | +0.0050% | 1h | $288K | $470K | 10x | as long as short |
| Nado MSFT-PERP | −0.075% | −0.0009% | 1h | $458K | $4K | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.074% | +0.0046% | 1h | — | — | 25x | as long as short |
| ApeX Omni MSFTUSDT | −0.072% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Phoenix MSFT | −0.070% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.068% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| Gate MSFT_USDT | −0.045% | 0.0000% | 8h | $3.0M | $1.0M | 100x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MSFT-USD-PERP | −0.042% | +0.0052% | 8h | $217 | — | 5x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.041% | 0.0000% | 1h | $27K | $102K | 10x | as long as short |
| Lighter RH MSFT | −0.039% | +0.0032% | 1h | $677K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | −0.027% | +0.0052% | 1h | $1.1M | $3.3M | 10x | as long as short |
| Arcus MSFT-USD | −0.021% | +0.0325% | 1h | $112K | $48K | 10x | as long as short |
| HTX MSFT-USDT | −0.019% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Bybit MSFTUSDT | −0.017% | 0.0000% | 8h | $7.2M | $976K | 100x | as long as short |
| Extended MSFT_24_5-USD | −0.016% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| OKX MSFT-USDT-SWAP | −0.015% | 0.0000% | 8h | $3.0M | $1.3M | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.015% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| SoDEX MSFT-USD | −0.013% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Bitget MSFTUSDT | −0.005% | 0.0000% | 8h | $3.7M | $1.6M | 100x | as long as short |
| Lighter MSFT | −0.003% | +0.0032% | 1h | $1.1M | $529K | 20x | as long as short |
| Aster MSFTUSDTlong | 0.000% | 0.0000% | 8h | $151K | $76K | 20x | |
| Aevo MSFT-PERP | +0.002% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Binance MSFTUSDT | +0.003% | 0.0000% | 8h | $15.8M | $12.9M | 20x | as long as short |
| Injective MSFT/USDC PERPshort | +0.009% | +0.0220% | 1h | $113K | $154K | 30x | |
| BloFin MSFT-USDT | +0.015% | −0.0001% | 8h | $194K | $138K | 20x | as long as short |
| Variational Omni MSFT | +0.032% | 0.0000% | 8h | $1.2M | $679K | — | as long as short |
| edgeX MSFTUSDC | +0.040% | +0.0535% | 4h | $100K | $244K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.070% | −0.0008% | 1h | $663K | $332K | 10x | as long as short |
| Phemex MSFTUSDT | +0.070% | 0.0000% | 8h | $2.1M | $472K | 10x | as long as short |
| SunX MSFT-USDT | +0.155% | 0.0000% | 8h | $6K | $3.8M | 20x | as long as short |