After costs, if the gap returns to its 7d average, $10k−$19
spread now+0.067%7d average−0.078%fees + slippage, in and out−$33spread needed0.332%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MSFTUSDT | 493.87 | 0 | get 0.0000% / 8h | 1h 30m | $15.7M | $12.0M | 20x |
| Short | ApeX Omni MSFTUSDT | 494.20 | 0.0100 | get 0.0013% / 1h | 30m 22s | $157K | $7K | 50x |
Binance MSFTUSDT
ApeX Omni 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
- $6.68
- Funding while held
- $3
- Slippage, 4 orders
- −$13.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$23.5
- Spread needed to break even
- 0.332%
Slippage from Binance: live order book, 12 min ago; ApeX Omni: live order book, 22 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 Binance live order book, 12 min ago | 0.10 bp | 5.9 bp −$6 | 9.8 bp −$98 | 41.4 bp −$4,141 | doesn't fit |
| Sell ApeX Omni live order book, 22 min ago | 5.14 bp | 10.1 bp −$10 | 66.1 bp −$661 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.tradeXYZ493.37cheapestHotstuff493.57+0.041%Vest493.59+0.045%Polymarket Perps493.59+0.045%Ondo Perps493.70+0.067%Orderly493.73+0.073%Bybit493.77+0.081%Aevo493.77+0.082%Nado493.79+0.084%Coinbase International493.80+0.087%Lighter RH493.81+0.089%KuCoin493.81+0.089%Gate493.83+0.093%Paradex493.87+0.101%
tradeXYZ
Hotstuff
Vest
Polymarket Perps
Ondo Perps
Orderly
Bybit
Aevo
Nado
Coinbase International
Lighter RH
KuCoin
Gate
ParadexBinance493.87+0.101%
Arcus493.87+0.101%OKX493.89+0.105%Extended493.92+0.112%Deribit493.94+0.116%Bitget493.96+0.120%QFEX494.00+0.128%Lighter494.03+0.134%Aster494.03+0.134%SoDEX494.13+0.154%HTX494.15+0.158%
Arcus
OKX
Extended
Deribit
Bitget
QFEX
Lighter
Aster
SoDEX
HTXApeX Omni494.20+0.168%
Variational Omni494.25+0.178%BloFin494.33+0.195%Phoenix494.48+0.225%edgeX494.59+0.246%Phemex494.66+0.261%Injective494.74+0.278%SunX495.15+0.361%
Variational Omni
BloFin
Phoenix
Phemex
Injective
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSFT | −0.101% | +0.0050% | 1h | $23.2M | $5.9M | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.061% | −0.1392% | 1h | $40K | — | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.057% | +0.0046% | 1h | — | — | 25x | as long as short |
| Polymarket Perps MSFT-USD | −0.057% | +0.0050% | 1h | $291K | $411K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.034% | +0.0050% | 1h | $539K | $369K | 15x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.028% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Bybit MSFTUSDT | −0.020% | 0.0000% | 8h | $7.2M | $922K | 100x | as long as short |
| Aevo MSFT-PERP | −0.019% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Nado MSFT-PERP | −0.017% | −0.0017% | 1h | $459K | $3K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.014% | −0.0016% | 1h | $664K | $327K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH MSFT | −0.012% | +0.0032% | 1h | $687K | $2.1M | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.012% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| Gate MSFT_USDT | −0.008% | 0.0000% | 8h | $3.0M | $969K | 100x | as long as short |
| Paradex MSFT-USD-PERP | 0.000% | +0.0052% | 8h | $217 | — | 5x | as long as short |
| Binance MSFTUSDTlong | 0.000% | 0.0000% | 8h | $15.7M | $12.0M | 20x | |
| Arcus MSFT-USD | 0.000% | +0.0151% | 1h | $112K | $49K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.004% | 0.0000% | 8h | $3.0M | $893K | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.011% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.014% | 0.0000% | 1h | $27K | $98K | 10x | as long as short |
| Bitget MSFTUSDT | +0.018% | 0.0000% | 8h | $3.8M | $1.5M | 100x | as long as short |
| QFEX MSFT-USD | +0.026% | +0.0038% | 1h | $1.1M | $3.1M | 10x | as long as short |
| Lighter MSFT | +0.032% | +0.0032% | 1h | $1.1M | $523K | 20x | as long as short |
| Aster MSFTUSDT | +0.032% | 0.0000% | 8h | $153K | $60K | 20x | as long as short |
| SoDEX MSFT-USD | +0.053% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| HTX MSFT-USDT | +0.057% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| ApeX Omni MSFTUSDTshort | +0.067% | +0.0100% | 1h | $157K | $7K | 50x | |
| Variational Omni MSFT | +0.077% | 0.0000% | 8h | $1.3M | $665K | — | as long as short |
| BloFin MSFT-USDT | +0.093% | +0.0015% | 8h | $191K | $124K | 20x | as long as short |
| Phoenix MSFT | +0.124% | +0.0016% | 1h | $10K | $15K | 20x | as long as short |
| edgeX MSFTUSDC | +0.145% | −0.0989% | 4h | $101K | $245K | 10x | as long as short |
| Phemex MSFTUSDT | +0.160% | 0.0000% | 8h | $2.1M | $423K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.176% | +0.0220% | 1h | $113K | $184K | 30x | as long as short |
| SunX MSFT-USDT | +0.259% | 0.0000% | 8h | $6K | $3.5M | 20x | as long as short |