After costs, if the gap returns to its 7d average, $10k−$32
spread now+0.099%7d average+0.043%fees + slippage, in and out−$38spread needed0.379%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MSFT-PERP-INTX | 493.47 | −0.0016 | get 0.0002% / 1h | 27m 27s | $662K | $330K | 10x |
| Short | ApeX Omni MSFTUSDT | 493.96 | 0.0100 | get 0.0013% / 1h | 27m 27s | $157K | $7K | 50x |
Coinbase International MSFT-PERP-INTX
ApeX Omni 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
- $9.93
- Funding while held
- $3.48
- Slippage, 4 orders
- −$17.93
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$24.53
- Spread needed to break even
- 0.379%
Slippage from Coinbase International: live order book, 27 min ago; ApeX Omni: live order book, 25 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0116%
- Per $10,000 a day
- +$3.48
- 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 Coinbase International live order book, 27 min ago | 3.43 bp | 8.4 bp −$8 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 25 min ago | 5.14 bp | 10.1 bp −$10 | 66.1 bp −$661 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International493.47cheapest
edgeX493.73+0.053%Phoenix493.79+0.065%tradeXYZ493.87+0.081%Ondo Perps493.94+0.095%
Phoenix
tradeXYZ
Ondo PerpsApeX Omni493.96+0.099%
KuCoin493.99+0.105%Deribit493.99+0.105%Hotstuff494.04+0.116%Orderly494.08+0.124%HTX494.10+0.128%SoDEX494.12+0.132%Aevo494.14+0.136%Vest494.15+0.138%Aster494.18+0.143%Polymarket Perps494.18+0.144%BloFin494.24+0.156%Variational Omni494.25+0.158%Lighter494.39+0.186%Paradex494.41+0.190%Lighter RH494.42+0.193%Nado494.42+0.193%Extended494.45+0.198%Arcus494.47+0.203%Gate494.51+0.211%QFEX494.52+0.213%OKX494.62+0.233%Bitget494.65+0.239%Bybit494.66+0.241%Binance494.74+0.257%Injective494.74+0.257%Phemex494.78+0.265%SunX495.09+0.328%
KuCoin
Deribit
Hotstuff
Orderly
HTX
SoDEX
Aevo
Vest
Aster
Polymarket Perps
BloFin
Variational Omni
Lighter
Paradex
Lighter RH
Nado
Extended
Arcus
Gate
QFEX
OKX
Bitget
Bybit
Binance
Injective
Phemex
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTXlong | 0.000% | −0.0016% | 1h | $662K | $330K | 10x | |
| edgeX MSFTUSDC | +0.053% | −0.0564% | 4h | $100K | $243K | 10x | as long as short |
| Phoenix MSFT | +0.065% | +0.0016% | 1h | $10K | $15K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.081% | +0.0050% | 1h | $23.2M | $5.9M | 20x | as long as short |
| Ondo Perps MSFT-USD.P | +0.095% | +0.0050% | 1h | $539K | $370K | 15x | as long as short |
| ApeX Omni MSFTUSDTshort | +0.099% | +0.0100% | 1h | $157K | $7K | 50x | |
| KuCoin MSFTUSDTM | +0.105% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.105% | 0.0000% | 1h | $27K | $98K | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.116% | −0.1184% | 1h | $40K | — | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.124% | +0.0100% | 8h | $8K | — | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX MSFT-USDT | +0.128% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| SoDEX MSFT-USD | +0.132% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Aevo MSFT-PERP | +0.136% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.138% | +0.0046% | 1h | — | — | 25x | as long as short |
| Aster MSFTUSDT | +0.143% | 0.0000% | 8h | $153K | $63K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.144% | +0.0050% | 1h | $288K | $418K | 10x | as long as short |
| BloFin MSFT-USDT | +0.156% | +0.0001% | 8h | $191K | $125K | 20x | as long as short |
| Variational Omni MSFT | +0.158% | 0.0000% | 8h | $1.3M | $665K | — | as long as short |
| Lighter MSFT | +0.186% | +0.0048% | 1h | $1.1M | $525K | 20x | as long as short |
| Paradex MSFT-USD-PERP | +0.190% | +0.0052% | 8h | $218 | — | 5x | as long as short |
| Lighter RH MSFT | +0.193% | +0.0032% | 1h | $689K | $2.1M | 20x | as long as short |
| Nado MSFT-PERP | +0.193% | −0.0018% | 1h | $459K | $3K | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.198% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| Arcus MSFT-USD | +0.203% | +0.0151% | 1h | $112K | $49K | 10x | as long as short |
| Gate MSFT_USDT | +0.211% | 0.0000% | 8h | $3.1M | $976K | 100x | as long as short |
| QFEX MSFT-USD | +0.213% | +0.0038% | 1h | $1.2M | $3.2M | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.233% | 0.0000% | 8h | $3.0M | $896K | 20x | as long as short |
| Bitget MSFTUSDT | +0.239% | 0.0000% | 8h | $3.8M | $1.5M | 100x | as long as short |
| Bybit MSFTUSDT | +0.241% | 0.0000% | 8h | $7.2M | $949K | 100x | as long as short |
| Binance MSFTUSDT | +0.257% | 0.0000% | 8h | $15.7M | $12.1M | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.257% | +0.0220% | 1h | $113K | $184K | 30x | as long as short |
| Phemex MSFTUSDT | +0.265% | 0.0000% | 8h | $2.1M | $426K | 10x | as long as short |
| SunX MSFT-USDT | +0.328% | 0.0000% | 8h | $6K | $3.5M | 20x | as long as short |