After costs, if the gap returns to its 7d average, $10k−$21
spread now+0.008%7d average−0.127%fees + slippage, in and out−$34spread needed0.341%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MSFTUSDT | 497.05 | 0 | get 0.0000% / 8h | 6h 20m | $3.7M | $1.7M | 100x |
| Short | Coinbase International MSFT-PERP-INTX | 497.09 | −0.0056 | pay 0.0007% / 1h | 20m 30s | $675K | $353K | 10x |
Bitget MSFTUSDT
Coinbase International MSFT-PERP-INTXPrice 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
- $0.8
- Funding while held
- −$1.68
- Slippage, 4 orders
- −$12.11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$34.99
- Spread needed to break even
- 0.341%
Slippage from Bitget: live order book, 4 min ago; Coinbase International: live order book, 19 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0056%
- Per $10,000 a day
- −$1.68
- 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 | 0.70 bp | 8.2 bp −$8 | 11.5 bp −$115 | 37.7 bp −$3,769 | doesn't fit |
| Sell Coinbase International live order book, 19 min ago | 1.51 bp | 8.5 bp −$9 | 11.0 bp −$110 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.KuCoin496.46cheapestPolymarket Perps496.62+0.032%tradeXYZ496.66+0.040%Nado496.68+0.044%Aster496.74+0.056%Ondo Perps496.80+0.068%Gate496.82+0.073%Vest496.86+0.081%Lighter RH496.90+0.089%Hotstuff496.93+0.095%Paradex496.94+0.097%HTX496.95+0.099%Deribit496.97+0.103%ApeX Omni497.01+0.111%Phoenix497.01+0.111%Bybit497.02+0.113%Extended497.04+0.116%Binance497.04+0.117%Arcus497.05+0.119%
KuCoin
Polymarket Perps
tradeXYZ
Nado
Aster
Ondo Perps
Gate
Vest
Lighter RH
Hotstuff
Paradex
HTX
Deribit
ApeX Omni
Phoenix
Bybit
Extended
Binance
ArcusBitget497.05+0.119%
QFEX497.06+0.121%SoDEX497.07+0.123%BloFin497.07+0.123%Variational Omni497.08+0.124%
QFEX
SoDEX
BloFin
Variational OmniCoinbase International497.09+0.127%
Orderly497.11+0.131%Aevo497.13+0.134%Lighter497.14+0.137%OKX497.22+0.153%edgeX497.46+0.201%Phemex497.65+0.240%SunX497.88+0.286%Injective498.44+0.399%
Orderly
Aevo
Lighter
OKX
Phemex
SunX
InjectiveMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTM | −0.119% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.087% | +0.0050% | 1h | $301K | $444K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.078% | +0.0050% | 1h | $21.9M | $8.5M | 20x | as long as short |
| Nado MSFT-PERP | −0.075% | +0.0006% | 1h | $461K | $5K | 20x | as long as short |
| Aster MSFTUSDT | −0.062% | 0.0000% | 8h | $156K | $80K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.050% | +0.0050% | 1h | $508K | $450K | 15x | as long as short |
| Gate MSFT_USDT | −0.046% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
| Vest MSFT-USD-PERP | −0.038% | +0.0046% | 1h | — | — | 25x | as long as short |
| Lighter RH MSFT | −0.030% | +0.0032% | 1h | $668K | $2.1M | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.024% | +0.0032% | 1h | $40K | — | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MSFT-USD-PERP | −0.022% | +0.0050% | 8h | $219 | — | 5x | as long as short |
| HTX MSFT-USDT | −0.020% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.016% | +0.0012% | 1h | $27K | $113K | 10x | as long as short |
| ApeX Omni MSFTUSDT | −0.008% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Phoenix MSFT | −0.008% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| Bybit MSFTUSDT | −0.006% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| Extended MSFT_24_5-USD | −0.003% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Binance MSFTUSDT | −0.002% | 0.0000% | 8h | $15.6M | $16.3M | 20x | as long as short |
| Arcus MSFT-USD | 0.000% | +0.0577% | 1h | $111K | $75K | 10x | as long as short |
| Bitget MSFTUSDTlong | 0.000% | 0.0000% | 8h | $3.7M | $1.7M | 100x | |
| QFEX MSFT-USD | +0.002% | +0.0028% | 1h | $1.2M | $4.5M | 10x | as long as short |
| SoDEX MSFT-USD | +0.004% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| BloFin MSFT-USDT | +0.004% | −0.0001% | 8h | $192K | $178K | 20x | as long as short |
| Variational Omni MSFT | +0.005% | 0.0000% | 8h | $1.3M | $719K | — | as long as short |
| Coinbase International MSFT-PERP-INTXshort | +0.008% | −0.0056% | 1h | $675K | $353K | 10x | |
| Orderly PERP_MSFT_USDC_mythos | +0.012% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.015% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.018% | +0.0056% | 1h | $1.1M | $543K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.034% | 0.0000% | 8h | $3.0M | $2.1M | 20x | as long as short |
| edgeX MSFTUSDC | +0.082% | −0.0035% | 4h | $101K | $243K | 10x | as long as short |
| Phemex MSFTUSDT | +0.121% | 0.0000% | 8h | $2.1M | $616K | 10x | as long as short |
| SunX MSFT-USDT | +0.167% | 0.0000% | 8h | $6K | $4.4M | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.280% | +0.0220% | 1h | $114K | $125K | 30x | as long as short |