After costs, if the gap returns to its 7d average, $10k−$19
spread now−0.012%7d average−0.035%fees + slippage, in and out−$22spread needed0.217%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MSFTUSDT | 495.16 | 0 | get 0.0000% / 8h | 2h 33m | $3.6M | $1.0M | 100x |
| Short | Lighter MSFT | 495.10 | 0.0032 | get 0.0004% / 1h | 33m 07s | $1.1M | $461K | 20x |
Bitget MSFTUSDT
Lighter MSFTPrice 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
- −$1.21
- Funding while held
- $0.96
- Slippage, 4 orders
- −$9.67
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$21.92
- Spread needed to break even
- 0.217%
Slippage from Bitget: live order book, 1 min ago; Lighter: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0032%
- Per $10,000 a day
- +$0.96
- 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, 1 min ago | 0.81 bp | 9.3 bp −$9 | 21.1 bp −$211 | 66.4 bp −$6,637 | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.40 bp | 0.6 bp −$1 | 3.8 bp −$38 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Hotstuff494.59cheapesttradeXYZ494.70+0.022%Ondo Perps494.79+0.040%Polymarket Perps494.83+0.049%Nado494.85+0.052%Paradex494.91+0.065%KuCoin494.99+0.081%Lighter RH495.00+0.083%Gate495.01+0.085%QFEX495.03+0.089%Vest495.03+0.089%OKX495.04+0.091%Orderly495.09+0.101%
Hotstuff
tradeXYZ
Ondo Perps
Polymarket Perps
Nado
Paradex
KuCoin
Lighter RH
Gate
QFEX
Vest
OKX
OrderlyLighter495.10+0.103%
Arcus495.13+0.109%Bybit495.15+0.113%
Arcus
BybitBitget495.16+0.115%
Deribit495.17+0.117%SoDEX495.19+0.121%Binance495.20+0.123%Extended495.20+0.124%HTX495.24+0.131%Aevo495.25+0.133%BloFin495.35+0.154%Aster495.37+0.157%ApeX Omni495.47+0.178%Coinbase International495.52+0.188%Phoenix495.66+0.216%Phemex495.90+0.265%edgeX495.92+0.268%Variational Omni495.93+0.272%Injective496.03+0.291%SunX496.11+0.307%
Deribit
SoDEX
Binance
Extended
HTX
Aevo
BloFin
Aster
ApeX Omni
Coinbase International
Phoenix
Phemex
Variational Omni
Injective
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.115% | −0.1600% | 1h | $40K | — | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.093% | +0.0048% | 1h | $23.3M | $5.1M | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.075% | +0.0050% | 1h | $527K | $324K | 15x | as long as short |
| Polymarket Perps MSFT-USD | −0.067% | +0.0050% | 1h | $292K | $209K | 10x | as long as short |
| Nado MSFT-PERP | −0.063% | −0.0006% | 1h | $460K | $1K | 20x | as long as short |
| Paradex MSFT-USD-PERP | −0.050% | +0.0050% | 8h | $218 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | −0.034% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| Lighter RH MSFT | −0.032% | +0.0032% | 1h | $658K | $2.6M | 20x | as long as short |
| Gate MSFT_USDT | −0.030% | 0.0000% | 8h | $3.0M | $787K | 100x | as long as short |
| QFEX MSFT-USD | −0.026% | +0.0038% | 1h | $1.2M | $2.9M | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest MSFT-USD-PERP | −0.026% | +0.0046% | 1h | — | — | 25x | as long as short |
| OKX MSFT-USDT-SWAP | −0.024% | 0.0000% | 8h | $2.9M | $391K | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.014% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Lighter MSFTshort | −0.012% | +0.0032% | 1h | $1.1M | $461K | 20x | |
| Arcus MSFT-USD | −0.006% | +0.0298% | 1h | $113K | $49K | 10x | as long as short |
| Bybit MSFTUSDT | −0.002% | 0.0000% | 8h | $7.2M | $675K | 100x | as long as short |
| Bitget MSFTUSDTlong | 0.000% | 0.0000% | 8h | $3.6M | $1.0M | 100x | |
| Deribit MSFT_USDC-PERPETUAL | +0.002% | +0.0053% | 1h | $23K | $89K | 10x | as long as short |
| SoDEX MSFT-USD | +0.006% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Binance MSFTUSDT | +0.008% | 0.0000% | 8h | $15.8M | $6.9M | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.009% | 0.0000% | 1h | $335K | $365K | 17x | as long as short |
| HTX MSFT-USDT | +0.016% | 0.0000% | 8h | $57K | $230K | 20x | as long as short |
| Aevo MSFT-PERP | +0.018% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| BloFin MSFT-USDT | +0.038% | +0.0007% | 8h | $190K | $103K | 20x | as long as short |
| Aster MSFTUSDT | +0.042% | 0.0000% | 8h | $150K | $4K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.063% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.073% | −0.0008% | 1h | $671K | $303K | 10x | as long as short |
| Phoenix MSFT | +0.101% | +0.0032% | 1h | $10K | $15K | 20x | as long as short |
| Phemex MSFTUSDT | +0.149% | 0.0000% | 8h | $2.0M | $342K | 10x | as long as short |
| edgeX MSFTUSDC | +0.153% | +0.0220% | 4h | $101K | $243K | 10x | as long as short |
| Variational Omni MSFT | +0.156% | 0.0000% | 8h | $1.3M | $620K | — | as long as short |
| Injective MSFT/USDC PERP | +0.176% | +0.0220% | 1h | $114K | $173K | 30x | as long as short |
| SunX MSFT-USDT | +0.192% | 0.0000% | 8h | $6K | $2.3M | 20x | as long as short |