After costs, if the gap returns to its 7d average, $10k−$230
spread now+0.133%7d average+0.158%fees + slippage, in and out−$228spread needed2.276%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MSFTUSDT | 499.55 | 0 | get 0.0000% / 8h | 5h 11m | $15.6M | $17.1M | 20x |
| Short | SunX MSFT-USDT | 500.21 | 0 | get 0.0000% / 8h | 5h 11m | $6K | $4.3M | 20x |
Binance MSFTUSDT
SunX MSFT-USDTPrice 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
- $13.26
- Funding while held
- $0
- Slippage, 4 orders
- −$207.6
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 5 bp × 2 orders
- −$10
- Net
- −$214.35
- Spread needed to break even
- 2.276%
Slippage from Binance: live order book, 16 min ago; SunX: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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, 16 min ago | 0.10 bp | 5.8 bp −$6 | 9.0 bp −$90 | 32.0 bp −$3,201 | doesn't fit |
| Sell SunX live order book, 4 min ago | 29.13 bp | 104.1 bp −$104 | doesn't fit | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni498.11cheapestApeX Omni498.13+0.004%Phoenix498.19+0.016%edgeX498.53+0.084%Injective498.75+0.128%Hotstuff498.93+0.164%KuCoin499.07+0.192%Ondo Perps499.14+0.206%Gate499.25+0.228%Polymarket Perps499.25+0.228%HTX499.27+0.232%tradeXYZ499.28+0.234%Deribit499.31+0.240%Vest499.32+0.242%Coinbase International499.37+0.252%Orderly499.41+0.260%SoDEX499.41+0.260%Aevo499.41+0.261%Nado499.42+0.264%Extended499.45+0.269%Bybit499.46+0.271%Lighter RH499.47+0.273%BloFin499.49+0.277%Bitget499.51+0.281%
Variational Omni
ApeX Omni
Phoenix
Injective
Hotstuff
KuCoin
Ondo Perps
Gate
Polymarket Perps
HTX
tradeXYZ
Deribit
Vest
Coinbase International
Orderly
SoDEX
Aevo
Nado
Extended
Bybit
Lighter RH
BloFin
BitgetBinance499.55+0.288%
Arcus499.56+0.291%Phemex499.56+0.291%Aster499.57+0.293%OKX499.58+0.295%Lighter499.60+0.299%QFEX499.60+0.299%Paradex499.63+0.306%
Arcus
Phemex
Aster
OKX
Lighter
QFEX
ParadexSunX500.21+0.421%
MSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | −0.287% | 0.0000% | 8h | $1.3M | $704K | — | as long as short |
| ApeX Omni MSFTUSDT | −0.284% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| Phoenix MSFT | −0.272% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| edgeX MSFTUSDC | −0.204% | −0.0767% | 4h | $101K | $243K | 10x | as long as short |
| Injective MSFT/USDC PERP | −0.160% | +0.0220% | 1h | $114K | $88K | 30x | as long as short |
| Hotstuff MSFT-PERP | −0.124% | +0.0048% | 1h | $40K | — | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.096% | +0.0100% | 8h | $1.5M | $11K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.082% | +0.0050% | 1h | $510K | $453K | 15x | as long as short |
| Gate MSFT_USDT | −0.060% | 0.0000% | 8h | $3.0M | $1.4M | 100x | as long as short |
| Polymarket Perps MSFT-USD | −0.060% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX MSFT-USDT | −0.056% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.054% | +0.0050% | 1h | $22.2M | $8.8M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.048% | 0.0000% | 1h | $27K | $114K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.046% | +0.0046% | 1h | — | — | 25x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.036% | −0.0056% | 1h | $685K | $364K | 10x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.028% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| SoDEX MSFT-USD | −0.028% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Aevo MSFT-PERP | −0.028% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Nado MSFT-PERP | −0.025% | −0.0001% | 1h | $448K | $24K | 20x | as long as short |
| Extended MSFT_24_5-USD | −0.020% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Bybit MSFTUSDT | −0.018% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| Lighter RH MSFT | −0.016% | +0.0032% | 1h | $649K | $2.1M | 20x | as long as short |
| BloFin MSFT-USDT | −0.012% | +0.0007% | 8h | $193K | $195K | 20x | as long as short |
| Bitget MSFTUSDT | −0.008% | +0.0032% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Binance MSFTUSDTlong | 0.000% | 0.0000% | 8h | $15.6M | $17.1M | 20x | |
| Arcus MSFT-USD | +0.002% | +0.0573% | 1h | $112K | $75K | 10x | as long as short |
| Phemex MSFTUSDT | +0.002% | 0.0000% | 8h | $2.1M | $673K | 10x | as long as short |
| Aster MSFTUSDT | +0.004% | 0.0000% | 8h | $156K | $86K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.006% | 0.0000% | 8h | $3.1M | $2.1M | 20x | as long as short |
| Lighter MSFT | +0.010% | +0.0072% | 1h | $1.1M | $538K | 20x | as long as short |
| QFEX MSFT-USD | +0.010% | +0.0044% | 1h | $1.2M | $4.9M | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.017% | +0.0050% | 8h | $220 | — | 5x | as long as short |
| SunX MSFT-USDTshort | +0.133% | 0.0000% | 8h | $6K | $4.3M | 20x |