MSFT

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After costs, if the gap returns to its 7d average, $10k−$170

spread now−0.057%7d average−0.051%fees + slippage, in and out−$170spread needed1.695%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MSFTUSDT	493.53	0	get 0.0000% / 8h	1h 24m	$7.2M	$956K	100x
Short	KuCoin MSFTUSDTM	493.25	0.0100	get 0.0100% / 8h	1h 24m	$1.5M	$6K	20x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee BybitbpFee KuCoinbpOrdersClose when spread is

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 8 min ago.

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, 5 min ago	1.11 bp	11.0 bp −$11	16.1 bp −$161	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	19.64 bp	82.9 bp −$83	doesn't fit	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
tradeXYZ xyz:MSFT	−0.083%	+0.0050%	1h	$23.1M	$5.9M	20x	as long as short
Polymarket Perps MSFT-USD	−0.071%	+0.0050%	1h	$288K	$418K	10x	as long as short
KuCoin MSFTUSDTMshort	−0.057%	+0.0100%	8h	$1.5M	$6K	20x
Deribit MSFT_USDC-PERPETUAL	−0.049%	0.0000%	1h	$27K	$99K	10x	as long as short
Vest MSFT-USD-PERP	−0.041%	+0.0046%	1h	—	—	25x	as long as short
Lighter RH MSFT	−0.038%	+0.0032%	1h	$687K	$2.1M	20x	as long as short
Gate MSFT_USDT	−0.034%	0.0000%	8h	$3.0M	$981K	100x	as long as short
Orderly PERP_MSFT_USDC_mythos	−0.028%	+0.0100%	8h	$8K	—	10x	as long as short
HTX MSFT-USDT	−0.014%	0.0000%	8h	$57K	$230K	20x	as long as short
Extended MSFT_24_5-USD	−0.013%	0.0000%	1h	$329K	$380K	17x	as long as short

Show all 33 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International MSFT-PERP-INTX	−0.012%	−0.0016%	1h	$662K	$330K	10x	as long as short
Ondo Perps MSFT-USD.P	−0.006%	+0.0050%	1h	$539K	$370K	15x	as long as short
SoDEX MSFT-USD	−0.006%	+0.0050%	1h	$59K	$3K	10x	as long as short
Nado MSFT-PERP	−0.006%	−0.0017%	1h	$458K	$3K	20x	as long as short
Aevo MSFT-PERP	−0.003%	+0.0104%	1h	$54	—	10x	as long as short
Bybit MSFTUSDTlong	0.000%	0.0000%	8h	$7.2M	$956K	100x
Hotstuff MSFT-PERP	+0.002%	−0.1080%	1h	$40K	—	20x	as long as short
Paradex MSFT-USD-PERP	+0.012%	+0.0052%	8h	$217	—	5x	as long as short
OKX MSFT-USDT-SWAP	+0.014%	0.0000%	8h	$3.0M	$897K	20x	as long as short
Arcus MSFT-USD	+0.014%	+0.0151%	1h	$112K	$49K	10x	as long as short
Bitget MSFTUSDT	+0.014%	0.0000%	8h	$3.8M	$1.5M	100x	as long as short
Lighter MSFT	+0.018%	+0.0056%	1h	$1.1M	$525K	20x	as long as short
Aster MSFTUSDT	+0.019%	0.0000%	8h	$156K	$63K	20x	as long as short
Binance MSFTUSDT	+0.025%	0.0000%	8h	$15.7M	$12.2M	20x	as long as short
QFEX MSFT-USD	+0.041%	+0.0038%	1h	$1.1M	$3.2M	10x	as long as short
edgeX MSFTUSDC	+0.041%	−0.0564%	4h	$100K	$243K	10x	as long as short
Phoenix MSFT	+0.053%	+0.0016%	1h	$10K	$15K	20x	as long as short
BloFin MSFT-USDT	+0.095%	+0.0002%	8h	$191K	$127K	20x	as long as short
Phemex MSFTUSDT	+0.122%	0.0000%	8h	$2.1M	$432K	10x	as long as short
ApeX Omni MSFTUSDT	+0.150%	+0.0100%	1h	$157K	$7K	50x	as long as short
Injective MSFT/USDC PERP	+0.160%	+0.0220%	1h	$113K	$184K	30x	as long as short
SunX MSFT-USDT	+0.190%	0.0000%	8h	$6K	$3.6M	20x	as long as short
Variational Omni MSFT	+0.248%	0.0000%	8h	$1.2M	$721K	—	as long as short