data as of
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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+$19
spread now+0.489%7d average+0.101%fees + slippage, in and out−$20spread needed0.199%
Long on Coinbase InternationalShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MSFT-PERP-INTX497.09−0.0056get 0.0007% / 1h51m 27s$675K$352K10x
ShortLighter MSFT499.520.0080get 0.0010% / 1h51m 27s$1.1M$537K20x

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
$48.88
Funding while held
$4.08
Slippage, 4 orders
−$9.89
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$33.07
Spread needed to break even
0.199%
Slippage from Coinbase International: live order book, 48 min ago; Lighter: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.0136%
Per $10,000 a day
+$4.08
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, 48 min ago1.51 bp7.0 bp −$710.3 bp −$103doesn't fitdoesn't fit
Sell Lighter live order book, 1 min ago1.10 bp2.1 bp −$28.5 bp −$85doesn't fitdoesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International497.09cheapest
ApeX Omni498.72+0.328%Hotstuff498.76+0.336%Nado498.78+0.339%Ondo Perps498.78+0.340%KuCoin498.78+0.340%Phoenix498.97+0.378%HTX499.03+0.390%Polymarket Perps499.09+0.402%Deribit499.10+0.404%Gate499.11+0.406%Aster499.16+0.416%Orderly499.17+0.418%tradeXYZ499.18+0.420%SoDEX499.18+0.420%Lighter RH499.20+0.424%BloFin499.22+0.428%Aevo499.23+0.431%edgeX499.24+0.433%Variational Omni499.28+0.441%Arcus499.31+0.447%OKX499.34+0.453%Vest499.34+0.453%Bitget499.35+0.455%Paradex499.37+0.459%Phemex499.38+0.461%Extended499.39+0.463%QFEX499.41+0.467%
Lighter499.52+0.489%
Binance499.52+0.489%Bybit499.52+0.489%SunX499.94+0.573%Injective500.11+0.608%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International MSFT-PERP-INTXlong0.000%−0.0056%1h$675K$352K10x
ApeX Omni MSFTUSDT+0.328%+0.0100%1h$159K$7K50xas long as short
Hotstuff MSFT-PERP+0.336%+0.0016%1h$40K—20xas long as short
Nado MSFT-PERP+0.339%−0.0014%1h$447K$24K20xas long as short
Ondo Perps MSFT-USD.P+0.340%+0.0050%1h$510K$451K15xas long as short
KuCoin MSFTUSDTM+0.340%+0.0100%8h$1.5M$10K20xas long as short
Phoenix MSFT+0.378%+0.0048%1h$10K$15K20xas long as short
HTX MSFT-USDT+0.390%0.0000%8h$58K$230K20xas long as short
Polymarket Perps MSFT-USD+0.402%+0.0050%1h$302K$444K10xas long as short
Deribit MSFT_USDC-PERPETUAL+0.404%0.0000%1h$27K$114K10xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate MSFT_USDT+0.406%0.0000%8h$3.1M$1.4M100xas long as short
Aster MSFTUSDT+0.416%0.0000%8h$157K$80K20xas long as short
Orderly PERP_MSFT_USDC_mythos+0.418%+0.0100%8h$8K—10xas long as short
tradeXYZ xyz:MSFT+0.420%+0.0050%1h$21.9M$8.6M20xas long as short
SoDEX MSFT-USD+0.420%+0.0050%1h$60K$3K10xas long as short
Lighter RH MSFT+0.424%+0.0032%1h$679K$2.1M20xas long as short
BloFin MSFT-USDT+0.428%+0.0014%8h$194K$186K20xas long as short
Aevo MSFT-PERP+0.431%+0.0104%1h$55—10xas long as short
edgeX MSFTUSDC+0.433%−0.0722%4h$102K$244K10xas long as short
Variational Omni MSFT+0.441%0.0000%8h$1.3M$719K—as long as short
Arcus MSFT-USD+0.447%+0.0573%1h$111K$75K10xas long as short
OKX MSFT-USDT-SWAP+0.453%0.0000%8h$3.1M$2.1M20xas long as short
Vest MSFT-USD-PERP+0.453%+0.0046%1h——25xas long as short
Bitget MSFTUSDT+0.455%+0.0005%8h$3.7M$1.7M100xas long as short
Paradex MSFT-USD-PERP+0.459%+0.0050%8h$220—5xas long as short
Phemex MSFTUSDT+0.461%0.0000%8h$2.1M$643K10xas long as short
Extended MSFT_24_5-USD+0.463%0.0000%1h$372K$410K17xas long as short
QFEX MSFT-USD+0.467%+0.0044%1h$1.2M$4.6M10xas long as short
Lighter MSFTshort+0.489%+0.0080%1h$1.1M$537K20x
Binance MSFTUSDT+0.489%0.0000%8h$15.7M$16.7M20xas long as short
Bybit MSFTUSDT+0.489%0.0000%8h$7.3M$1.5M100xas long as short
SunX MSFT-USDT+0.573%0.0000%8h$6K$4.3M20xas long as short
Injective MSFT/USDC PERP+0.608%+0.0220%1h$115K$88K30xas long as short