After costs, if the gap returns to its 7d average, $10k−$44
spread now−0.024%7d average+0.031%fees + slippage, in and out−$38spread needed0.381%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MSFTUSDT | 498.46 | 0 | get 0.0000% / 8h | 5h 27m | $7.3M | $1.5M | 100x |
| Short | Aster MSFTUSDT | 498.34 | 0 | get 0.0000% / 8h | 5h 27m | $156K | $85K | 20x |
Bybit MSFTUSDT
Aster 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
- −$2.41
- Funding while held
- $0
- Slippage, 4 orders
- −$19.14
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$40.55
- Spread needed to break even
- 0.381%
Slippage from Bybit: live order book, 2 min ago; Aster: live order book, 6 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 Bybit live order book, 2 min ago | 0.70 bp | 9.8 bp −$10 | 16.5 bp −$165 | 177.6 bp −$17.8K | doesn't fit |
| Sell Aster live order book, 6 min ago | 0.50 bp | 6.5 bp −$6 | 19.0 bp −$190 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Polymarket Perps497.99cheapesttradeXYZ498.09+0.020%Gate498.11+0.024%KuCoin498.16+0.034%Deribit498.23+0.048%Hotstuff498.25+0.052%Phoenix498.25+0.052%Coinbase International498.25+0.052%Vest498.26+0.054%Lighter RH498.31+0.064%Ondo Perps498.31+0.064%Nado498.32+0.067%ApeX Omni498.33+0.068%
Polymarket Perps
tradeXYZ
Gate
KuCoin
Deribit
Hotstuff
Phoenix
Coinbase International
Vest
Lighter RH
Ondo Perps
Nado
ApeX OmniAster498.34+0.070%
HTX498.36+0.074%Paradex498.36+0.075%QFEX498.38+0.078%Aevo498.40+0.081%Arcus498.40+0.082%Orderly498.40+0.082%SoDEX498.40+0.082%Phemex498.40+0.082%Extended498.41+0.085%Binance498.43+0.088%Variational Omni498.46+0.094%
HTX
Paradex
QFEX
Aevo
Arcus
Orderly
SoDEX
Phemex
Extended
Binance
Variational OmniBybit498.46+0.094%
Bitget498.46+0.094%Lighter498.47+0.096%OKX498.50+0.102%BloFin498.50+0.102%Injective498.62+0.127%edgeX498.69+0.141%SunX499.18+0.239%
Bitget
Lighter
OKX
BloFin
Injective
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MSFT-USD | −0.094% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.074% | +0.0050% | 1h | $22.1M | $8.8M | 20x | as long as short |
| Gate MSFT_USDT | −0.070% | 0.0000% | 8h | $3.0M | $1.4M | 100x | as long as short |
| KuCoin MSFTUSDTM | −0.060% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.046% | 0.0000% | 1h | $27K | $114K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.042% | −0.0056% | 1h | $40K | — | 20x | as long as short |
| Phoenix MSFT | −0.042% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.042% | −0.0056% | 1h | $684K | $362K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.040% | +0.0046% | 1h | — | — | 25x | as long as short |
| Lighter RH MSFT | −0.030% | +0.0032% | 1h | $647K | $2.1M | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSFT-USD.P | −0.030% | +0.0050% | 1h | $509K | $452K | 15x | as long as short |
| Nado MSFT-PERP | −0.027% | −0.0005% | 1h | $447K | $24K | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.026% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| Aster MSFTUSDTshort | −0.024% | 0.0000% | 8h | $156K | $85K | 20x | |
| HTX MSFT-USDT | −0.020% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Paradex MSFT-USD-PERP | −0.020% | +0.0050% | 8h | $219 | — | 5x | as long as short |
| QFEX MSFT-USD | −0.016% | +0.0044% | 1h | $1.2M | $4.8M | 10x | as long as short |
| Aevo MSFT-PERP | −0.013% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Arcus MSFT-USD | −0.012% | +0.0573% | 1h | $111K | $75K | 10x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.012% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| SoDEX MSFT-USD | −0.012% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Phemex MSFTUSDT | −0.012% | 0.0000% | 8h | $2.1M | $658K | 10x | as long as short |
| Extended MSFT_24_5-USD | −0.010% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Binance MSFTUSDT | −0.006% | 0.0000% | 8h | $15.6M | $16.9M | 20x | as long as short |
| Variational Omni MSFT | −0.001% | 0.0000% | 8h | $1.3M | $695K | — | as long as short |
| Bybit MSFTUSDTlong | 0.000% | 0.0000% | 8h | $7.3M | $1.5M | 100x | |
| Bitget MSFTUSDT | 0.000% | +0.0019% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Lighter MSFT | +0.002% | +0.0088% | 1h | $1.1M | $537K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.008% | 0.0000% | 8h | $3.0M | $2.1M | 20x | as long as short |
| BloFin MSFT-USDT | +0.008% | −0.0018% | 8h | $193K | $190K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.032% | +0.0220% | 1h | $114K | $88K | 30x | as long as short |
| edgeX MSFTUSDC | +0.046% | −0.0886% | 4h | $101K | $245K | 10x | as long as short |
| SunX MSFT-USDT | +0.144% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |