MSFT

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After costs, if the gap returns to its 7d average, $10k−$42

spread now+0.162%7d average+0.052%fees + slippage, in and out−$53spread needed0.527%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MSFT_USDC-PERPETUAL	495.52	0	get 0.0000% / 1h	16m 25s	$27K	$112K	10x
Short	Aster MSFTUSDT	496.32	0	get 0.0000% / 8h	7h 16m	$156K	$80K	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 DeribitbpFee AsterbpOrdersClose when spread is

Slippage from Deribit: live order book, 49 min ago; Aster: live order book, 27 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 49 min ago	3.95 bp	7.5 bp −$7	7.8 bp −$78	doesn't fit	doesn't fit
Sell Aster live order book, 27 min ago	10.01 bp	16.4 bp −$16	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
Coinbase International MSFT-PERP-INTX	−0.105%	0.0000%	1h	$667K	$339K	10x	as long as short
KuCoin MSFTUSDTM	−0.069%	+0.0100%	8h	$1.4M	$9K	20x	as long as short
ApeX Omni MSFTUSDT	−0.059%	+0.0100%	1h	$158K	$7K	50x	as long as short
Nado MSFT-PERP	−0.056%	−0.0001%	1h	$460K	$5K	20x	as long as short
Phoenix MSFT	−0.038%	+0.0065%	1h	$10K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	−0.028%	+0.0050%	1h	$300K	$468K	10x	as long as short
Ondo Perps MSFT-USD.P	−0.024%	+0.0050%	1h	$513K	$415K	15x	as long as short
edgeX MSFTUSDC	−0.014%	+0.0132%	4h	$101K	$245K	10x	as long as short
tradeXYZ xyz:MSFT	−0.008%	+0.0050%	1h	$22.2M	$7.8M	20x	as long as short
Variational Omni MSFT	−0.008%	0.0000%	8h	$1.2M	$706K	—	as long as short

Show all 33 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
HTX MSFT-USDT	−0.004%	0.0000%	8h	$58K	$231K	20x	as long as short
Deribit MSFT_USDC-PERPETUALlong	0.000%	0.0000%	1h	$27K	$112K	10x
Hotstuff MSFT-PERP	+0.002%	+0.0056%	1h	$40K	—	20x	as long as short
Gate MSFT_USDT	+0.004%	0.0000%	8h	$3.1M	$1.3M	100x	as long as short
SoDEX MSFT-USD	+0.004%	+0.0050%	1h	$59K	$3K	10x	as long as short
Bitget MSFTUSDT	+0.010%	0.0000%	8h	$3.6M	$1.7M	100x	as long as short
Vest MSFT-USD-PERP	+0.012%	+0.0046%	1h	—	—	25x	as long as short
Aevo MSFT-PERP	+0.016%	+0.0104%	1h	$55	—	10x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.018%	+0.0100%	8h	$8K	—	10x	as long as short
OKX MSFT-USDT-SWAP	+0.022%	0.0000%	8h	$3.0M	$1.6M	20x	as long as short
Bybit MSFTUSDT	+0.026%	0.0000%	8h	$7.3M	$1.4M	100x	as long as short
BloFin MSFT-USDT	+0.028%	+0.0013%	8h	$143K	$167K	20x	as long as short
Lighter RH MSFT	+0.042%	+0.0032%	1h	$654K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.046%	+0.0042%	1h	$1.1M	$4.1M	10x	as long as short
Binance MSFTUSDT	+0.051%	+0.0007%	8h	$15.7M	$15.1M	20x	as long as short
Paradex MSFT-USD-PERP	+0.057%	+0.0050%	8h	$218	—	5x	as long as short
Injective MSFT/USDC PERP	+0.065%	+0.0220%	1h	$114K	$154K	30x	as long as short
Phemex MSFTUSDT	+0.065%	0.0000%	8h	$2.1M	$565K	10x	as long as short
Lighter MSFT	+0.067%	+0.0032%	1h	$1.1M	$539K	20x	as long as short
Extended MSFT_24_5-USD	+0.068%	+0.0008%	1h	$329K	$380K	17x	as long as short
Arcus MSFT-USD	+0.069%	+0.0442%	1h	$112K	$52K	10x	as long as short
Aster MSFTUSDTshort	+0.162%	0.0000%	8h	$156K	$80K	20x
SunX MSFT-USDT	+0.170%	0.0000%	8h	$6K	$4.4M	20x	as long as short