After costs, if the gap returns to its 7d average, $10k−$15
spread now+0.008%7d average−0.035%fees + slippage, in and out−$20spread needed0.195%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSFT-USDT | 499.62 | 0.0020 | pay 0.0020% / 8h | 5h 49m | $193K | $186K | 20x |
| Short | Lighter MSFT | 499.66 | 0.0072 | get 0.0009% / 1h | 49m 12s | $1.1M | $537K | 20x |
BloFin MSFT-USDT
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
- $0.8
- Funding while held
- $1.55
- Slippage, 4 orders
- −$7.51
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$17.16
- Spread needed to break even
- 0.195%
Slippage from BloFin: live order book, 42 min ago; Lighter: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0052%
- Per $10,000 a day
- +$1.55
- 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 BloFin live order book, 42 min ago | 0.30 bp | 8.3 bp −$8 | 11.3 bp −$113 | 25.4 bp −$2,545 | doesn't fit |
| Sell Lighter live order book, 3 min ago | 1.10 bp | 2.1 bp −$2 | 8.5 bp −$85 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.KuCoin499.00cheapestCoinbase International499.03+0.006%Hotstuff499.09+0.018%Polymarket Perps499.14+0.028%Ondo Perps499.18+0.036%tradeXYZ499.22+0.044%Variational Omni499.24+0.048%edgeX499.24+0.049%Gate499.25+0.050%ApeX Omni499.33+0.066%Deribit499.34+0.068%Nado499.35+0.070%Aster499.39+0.079%Lighter RH499.42+0.084%Bitget499.46+0.092%Phoenix499.49+0.098%SoDEX499.49+0.098%Vest499.50+0.100%HTX499.50+0.100%Paradex499.53+0.105%Binance499.53+0.106%OKX499.53+0.106%Extended499.54+0.107%Bybit499.55+0.110%Orderly499.56+0.112%Arcus499.58+0.116%Aevo499.59+0.118%QFEX499.59+0.118%
KuCoin
Coinbase International
Hotstuff
Polymarket Perps
Ondo Perps
tradeXYZ
Variational Omni
Gate
ApeX Omni
Deribit
Nado
Aster
Lighter RH
Bitget
Phoenix
SoDEX
Vest
HTX
Paradex
Binance
OKX
Extended
Bybit
Orderly
Arcus
Aevo
QFEXBloFin499.62+0.124%
Lighter499.66+0.132%
Phemex499.67+0.134%Injective500.11+0.222%SunX500.34+0.269%
Phemex
Injective
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTM | −0.124% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.118% | −0.0056% | 1h | $678K | $355K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.106% | +0.0112% | 1h | $40K | — | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.096% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.088% | +0.0050% | 1h | $510K | $451K | 15x | as long as short |
| tradeXYZ xyz:MSFT | −0.080% | +0.0050% | 1h | $21.8M | $8.6M | 20x | as long as short |
| Variational Omni MSFT | −0.077% | 0.0000% | 8h | $1.3M | $717K | — | as long as short |
| edgeX MSFTUSDC | −0.076% | −0.0722% | 4h | $102K | $244K | 10x | as long as short |
| Gate MSFT_USDT | −0.074% | 0.0000% | 8h | $3.1M | $1.4M | 100x | as long as short |
| ApeX Omni MSFTUSDT | −0.058% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit MSFT_USDC-PERPETUAL | −0.056% | 0.0000% | 1h | $27K | $114K | 10x | as long as short |
| Nado MSFT-PERP | −0.055% | −0.0023% | 1h | $448K | $24K | 20x | as long as short |
| Aster MSFTUSDT | −0.046% | 0.0000% | 8h | $157K | $80K | 20x | as long as short |
| Lighter RH MSFT | −0.040% | +0.0032% | 1h | $661K | $2.1M | 20x | as long as short |
| Bitget MSFTUSDT | −0.032% | +0.0005% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Phoenix MSFT | −0.026% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| SoDEX MSFT-USD | −0.026% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.024% | +0.0046% | 1h | — | — | 25x | as long as short |
| HTX MSFT-USDT | −0.024% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| Paradex MSFT-USD-PERP | −0.019% | +0.0050% | 8h | $220 | — | 5x | as long as short |
| Binance MSFTUSDT | −0.018% | 0.0000% | 8h | $15.6M | $16.7M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | −0.018% | 0.0000% | 8h | $3.1M | $2.1M | 20x | as long as short |
| Extended MSFT_24_5-USD | −0.017% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Bybit MSFTUSDT | −0.014% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.012% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Arcus MSFT-USD | −0.008% | +0.0573% | 1h | $111K | $75K | 10x | as long as short |
| Aevo MSFT-PERP | −0.007% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| QFEX MSFT-USD | −0.006% | +0.0044% | 1h | $1.2M | $4.6M | 10x | as long as short |
| BloFin MSFT-USDTlong | 0.000% | +0.0020% | 8h | $193K | $186K | 20x | |
| Lighter MSFTshort | +0.008% | +0.0072% | 1h | $1.1M | $537K | 20x | |
| Phemex MSFTUSDT | +0.010% | 0.0000% | 8h | $2.1M | $644K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.098% | +0.0220% | 1h | $115K | $88K | 30x | as long as short |
| SunX MSFT-USDT | +0.144% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |