After costs, if the gap returns to its 7d average, $10k−$57
spread now−0.132%7d average+0.107%fees + slippage, in and out−$33spread needed0.332%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MSFT-PERP-INTX | 493.01 | −0.0008 | get 0.0001% / 1h | 30m 24s | $663K | $333K | 10x |
| Short | HTX MSFT-USDT | 492.36 | 0 | get 0.0000% / 8h | 30m 24s | $58K | $230K | 20x |
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDTPrice 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
- −$13.18
- Funding while held
- $0.24
- Slippage, 4 orders
- −$11.19
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$46.14
- Spread needed to break even
- 0.332%
Slippage from Coinbase International: live order book, 19 min ago; HTX: live order book, 18 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0008%
- Per $10,000 a day
- +$0.24
- 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, 19 min ago | 2.13 bp | 7.1 bp −$7 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell HTX live order book, 18 min ago | 2.84 bp | 9.2 bp −$9 | 13.3 bp −$133 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.KuCoin491.66cheapestOndo Perps491.80+0.028%Polymarket Perps491.82+0.033%tradeXYZ491.86+0.041%Vest491.87+0.043%Hotstuff492.02+0.073%Gate492.07+0.083%Orderly492.13+0.096%QFEX492.16+0.102%Extended492.18+0.105%Lighter RH492.18+0.106%Paradex492.18+0.106%Arcus492.19+0.108%Bitget492.21+0.112%Nado492.22+0.113%Deribit492.24+0.118%Lighter492.27+0.124%Binance492.30+0.130%OKX492.33+0.136%Bybit492.34+0.138%
KuCoin
Ondo Perps
Polymarket Perps
tradeXYZ
Vest
Hotstuff
Gate
Orderly
QFEX
Extended
Lighter RH
Paradex
Arcus
Bitget
Nado
Deribit
Lighter
Binance
OKX
BybitHTX492.36+0.142%
SoDEX492.39+0.148%Aevo492.39+0.149%Phoenix492.42+0.155%BloFin492.43+0.157%ApeX Omni492.46+0.163%Variational Omni492.52+0.175%Injective492.52+0.175%Aster492.59+0.190%Phemex492.66+0.203%edgeX492.88+0.248%
SoDEX
Aevo
Phoenix
BloFin
ApeX Omni
Variational Omni
Injective
Aster
PhemexCoinbase International493.01+0.275%
SunX493.25+0.323%
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTM | −0.274% | +0.0100% | 8h | $1.4M | $7K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.245% | +0.0050% | 1h | $535K | $373K | 15x | as long as short |
| Polymarket Perps MSFT-USD | −0.241% | +0.0050% | 1h | $287K | $472K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.233% | +0.0050% | 1h | $21.9M | $7.2M | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.231% | +0.0046% | 1h | — | — | 25x | as long as short |
| Hotstuff MSFT-PERP | −0.201% | +0.0040% | 1h | $40K | — | 20x | as long as short |
| Gate MSFT_USDT | −0.191% | 0.0000% | 8h | $3.0M | $1.0M | 100x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.178% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| QFEX MSFT-USD | −0.172% | +0.0052% | 1h | $1.1M | $3.4M | 10x | as long as short |
| Extended MSFT_24_5-USD | −0.169% | 0.0000% | 1h | $327K | $380K | 17x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH MSFT | −0.168% | +0.0032% | 1h | $684K | $2.0M | 20x | as long as short |
| Paradex MSFT-USD-PERP | −0.168% | +0.0052% | 8h | $217 | — | 5x | as long as short |
| Arcus MSFT-USD | −0.166% | +0.0325% | 1h | $112K | $48K | 10x | as long as short |
| Bitget MSFTUSDT | −0.162% | 0.0000% | 8h | $3.7M | $1.6M | 100x | as long as short |
| Nado MSFT-PERP | −0.161% | −0.0001% | 1h | $457K | $4K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.156% | 0.0000% | 1h | $27K | $105K | 10x | as long as short |
| Lighter MSFT | −0.150% | +0.0032% | 1h | $1.1M | $529K | 20x | as long as short |
| Binance MSFTUSDT | −0.144% | +0.0002% | 8h | $15.6M | $13.3M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | −0.138% | 0.0000% | 8h | $3.1M | $1.4M | 20x | as long as short |
| Bybit MSFTUSDT | −0.136% | 0.0000% | 8h | $7.4M | $1.1M | 100x | as long as short |
| HTX MSFT-USDTshort | −0.132% | 0.0000% | 8h | $58K | $230K | 20x | |
| SoDEX MSFT-USD | −0.126% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Aevo MSFT-PERP | −0.125% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Phoenix MSFT | −0.120% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| BloFin MSFT-USDT | −0.118% | +0.0024% | 8h | $198K | $144K | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.112% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Variational Omni MSFT | −0.100% | 0.0000% | 8h | $1.2M | $690K | — | as long as short |
| Injective MSFT/USDC PERP | −0.099% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| Aster MSFTUSDT | −0.084% | 0.0000% | 8h | $151K | $80K | 20x | as long as short |
| Phemex MSFTUSDT | −0.071% | 0.0000% | 8h | $2.1M | $487K | 10x | as long as short |
| edgeX MSFTUSDC | −0.026% | −0.0732% | 4h | $100K | $245K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTXlong | 0.000% | −0.0008% | 1h | $663K | $333K | 10x | |
| SunX MSFT-USDT | +0.049% | 0.0000% | 8h | $6K | $3.9M | 20x | as long as short |