data as of
Settings8H · net · $10k
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Price arb /

MSFT

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$13
spread now+0.278%7d average+0.134%fees + slippage, in and out−$27spread needed0.274%
Long on Coinbase InternationalShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MSFT-PERP-INTX497.09−0.0056get 0.0007% / 1h14m 32s$675K$353K10x
ShortBinance MSFTUSDT498.470get 0.0000% / 8h6h 14m$15.7M$16.4M20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$27.76
Funding while held
$1.68
Slippage, 4 orders
−$7.43
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
$2.01
Spread needed to break even
0.274%
Slippage from Coinbase International: live order book, 25 min ago; Binance: live order book, 13 min ago.

Cost of waiting

funding view
Funding /8h
+0.0056%
Per $10,000 a day
+$1.68
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 25 min ago1.51 bp7.0 bp −$710.3 bp −$103doesn't fitdoesn't fit
Sell Binance live order book, 13 min ago0.40 bp5.6 bp −$610.4 bp −$10434.1 bp −$3,407doesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni496.79cheapest
Coinbase International497.09+0.060%
Ondo Perps497.24+0.091%Phoenix497.38+0.119%Nado497.47+0.137%edgeX497.55+0.152%KuCoin497.59+0.161%HTX497.61+0.165%Variational Omni497.69+0.181%Arcus497.76+0.195%Deribit497.76+0.195%Orderly497.77+0.197%SoDEX497.78+0.199%BloFin497.81+0.205%Aevo497.82+0.207%tradeXYZ497.82+0.207%Hotstuff497.87+0.217%Aster497.88+0.220%Gate498.04+0.252%Polymarket Perps498.07+0.258%Vest498.09+0.262%Lighter RH498.10+0.264%Phemex498.16+0.276%Paradex498.17+0.278%Lighter498.26+0.296%OKX498.27+0.298%Bitget498.30+0.304%Extended498.31+0.306%QFEX498.32+0.308%Bybit498.34+0.312%Injective498.44+0.332%
Binance498.47+0.338%
SunX498.55+0.354%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni MSFTUSDT−0.060%+0.0100%1h$158K$7K50xas long as short
Coinbase International MSFT-PERP-INTXlong0.000%−0.0056%1h$675K$353K10x
Ondo Perps MSFT-USD.P+0.030%+0.0050%1h$509K$450K15xas long as short
Phoenix MSFT+0.058%+0.0048%1h$10K$15K20xas long as short
Nado MSFT-PERP+0.076%+0.0005%1h$462K$5K20xas long as short
edgeX MSFTUSDC+0.092%−0.0764%4h$101K$245K10xas long as short
KuCoin MSFTUSDTM+0.101%+0.0100%8h$1.5M$10K20xas long as short
HTX MSFT-USDT+0.105%0.0000%8h$58K$231K20xas long as short
Variational Omni MSFT+0.120%0.0000%8h$1.3M$719K—as long as short
Arcus MSFT-USD+0.135%+0.0577%1h$111K$75K10xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Deribit MSFT_USDC-PERPETUAL+0.135%0.0000%1h$27K$113K10xas long as short
Orderly PERP_MSFT_USDC_mythos+0.137%+0.0100%8h$8K—10xas long as short
SoDEX MSFT-USD+0.139%+0.0050%1h$60K$3K10xas long as short
BloFin MSFT-USDT+0.145%+0.0012%8h$193K$179K20xas long as short
Aevo MSFT-PERP+0.146%+0.0104%1h$55—10xas long as short
tradeXYZ xyz:MSFT+0.147%+0.0050%1h$21.9M$8.5M20xas long as short
Hotstuff MSFT-PERP+0.157%+0.0064%1h$40K—20xas long as short
Aster MSFTUSDT+0.160%0.0000%8h$156K$80K20xas long as short
Gate MSFT_USDT+0.191%0.0000%8h$3.1M$1.3M100xas long as short
Polymarket Perps MSFT-USD+0.197%+0.0050%1h$302K$444K10xas long as short
Vest MSFT-USD-PERP+0.201%+0.0046%1h——25xas long as short
Lighter RH MSFT+0.203%+0.0032%1h$670K$2.1M20xas long as short
Phemex MSFTUSDT+0.215%0.0000%8h$2.1M$621K10xas long as short
Paradex MSFT-USD-PERP+0.217%+0.0050%8h$219—5xas long as short
Lighter MSFT+0.235%+0.0056%1h$1.1M$543K20xas long as short
OKX MSFT-USDT-SWAP+0.237%0.0000%8h$3.0M$2.1M20xas long as short
Bitget MSFTUSDT+0.243%0.0000%8h$3.7M$1.7M100xas long as short
Extended MSFT_24_5-USD+0.245%0.0000%1h$372K$410K17xas long as short
QFEX MSFT-USD+0.247%+0.0028%1h$1.2M$4.5M10xas long as short
Bybit MSFTUSDT+0.251%0.0000%8h$7.3M$1.5M100xas long as short
Injective MSFT/USDC PERP+0.272%+0.0220%1h$114K$125K30xas long as short
Binance MSFTUSDTshort+0.278%0.0000%8h$15.7M$16.4M20x
SunX MSFT-USDT+0.294%0.0000%8h$6K$4.4M20xas long as short