After costs, if the gap returns to its 7d average, $10k−$34
spread now+0.020%7d average−0.039%fees + slippage, in and out−$40spread needed0.398%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MSFTUSDT | 498.56 | 0.0013 | pay 0.0013% / 8h | 5h 35m | $3.7M | $1.7M | 100x |
| Short | Bybit MSFTUSDT | 498.66 | 0 | get 0.0000% / 8h | 5h 35m | $7.3M | $1.5M | 100x |
Bitget MSFTUSDT
Bybit 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
- $2.01
- Funding while held
- −$0.39
- Slippage, 4 orders
- −$16.78
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$38.16
- Spread needed to break even
- 0.398%
Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0013%
- Per $10,000 a day
- −$0.39
- 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 Bitget live order book, 4 min ago | 1.71 bp | 7.7 bp −$8 | 10.3 bp −$103 | 49.5 bp −$4,947 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.60 bp | 11.2 bp −$11 | 22.0 bp −$220 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni497.99cheapestPhoenix498.00+0.002%tradeXYZ498.19+0.040%Coinbase International498.19+0.040%Ondo Perps498.20+0.042%Polymarket Perps498.22+0.046%Hotstuff498.25+0.052%KuCoin498.28+0.058%Gate498.29+0.060%edgeX498.34+0.069%Aster498.34+0.070%Deribit498.38+0.078%Lighter RH498.43+0.088%Vest498.45+0.092%Paradex498.49+0.100%Nado498.50+0.103%Binance498.50+0.103%Extended498.50+0.103%HTX498.53+0.108%BloFin498.53+0.108%Arcus498.54+0.110%
ApeX Omni
Phoenix
tradeXYZ
Coinbase International
Ondo Perps
Polymarket Perps
Hotstuff
KuCoin
Gate
Aster
Deribit
Lighter RH
Vest
Paradex
Nado
Binance
Extended
HTX
BloFin
ArcusBitget498.56+0.114%
Orderly498.58+0.118%SoDEX498.58+0.118%Aevo498.59+0.119%QFEX498.59+0.120%Phemex498.61+0.125%Injective498.62+0.127%Lighter498.63+0.129%
Orderly
SoDEX
Aevo
QFEX
Phemex
Injective
LighterBybit498.66+0.135%
OKX498.66+0.135%Variational Omni498.84+0.171%SunX499.33+0.269%
OKX
Variational Omni
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSFTUSDT | −0.114% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| Phoenix MSFT | −0.112% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.074% | +0.0050% | 1h | $22.1M | $8.8M | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.074% | −0.0056% | 1h | $683K | $361K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.072% | +0.0050% | 1h | $510K | $451K | 15x | as long as short |
| Polymarket Perps MSFT-USD | −0.068% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.062% | 0.0000% | 1h | $40K | — | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.056% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| Gate MSFT_USDT | −0.054% | 0.0000% | 8h | $3.0M | $1.4M | 100x | as long as short |
| edgeX MSFTUSDC | −0.045% | +0.0387% | 4h | $101K | $244K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster MSFTUSDT | −0.044% | 0.0000% | 8h | $156K | $85K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.036% | 0.0000% | 1h | $27K | $114K | 10x | as long as short |
| Lighter RH MSFT | −0.026% | +0.0032% | 1h | $647K | $2.1M | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.022% | +0.0046% | 1h | — | — | 25x | as long as short |
| Paradex MSFT-USD-PERP | −0.014% | +0.0050% | 8h | $219 | — | 5x | as long as short |
| Nado MSFT-PERP | −0.012% | −0.0007% | 1h | $447K | $24K | 20x | as long as short |
| Binance MSFTUSDT | −0.012% | 0.0000% | 8h | $15.6M | $16.9M | 20x | as long as short |
| Extended MSFT_24_5-USD | −0.012% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| HTX MSFT-USDT | −0.006% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| BloFin MSFT-USDT | −0.006% | −0.0027% | 8h | $193K | $188K | 20x | as long as short |
| Arcus MSFT-USD | −0.004% | +0.0573% | 1h | $111K | $75K | 10x | as long as short |
| Bitget MSFTUSDTlong | 0.000% | +0.0013% | 8h | $3.7M | $1.7M | 100x | |
| Orderly PERP_MSFT_USDC_mythos | +0.004% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| SoDEX MSFT-USD | +0.004% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Aevo MSFT-PERP | +0.005% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| QFEX MSFT-USD | +0.006% | +0.0044% | 1h | $1.2M | $4.7M | 10x | as long as short |
| Phemex MSFTUSDT | +0.010% | 0.0000% | 8h | $2.1M | $652K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.012% | +0.0220% | 1h | $114K | $88K | 30x | as long as short |
| Lighter MSFT | +0.014% | +0.0088% | 1h | $1.1M | $537K | 20x | as long as short |
| Bybit MSFTUSDTshort | +0.020% | 0.0000% | 8h | $7.3M | $1.5M | 100x | |
| OKX MSFT-USDT-SWAP | +0.020% | 0.0000% | 8h | $3.0M | $2.1M | 20x | as long as short |
| Variational Omni MSFT | +0.057% | 0.0000% | 8h | $1.3M | $691K | — | as long as short |
| SunX MSFT-USDT | +0.154% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |