After costs, if the gap returns to its 7d average, $10k−$39
spread now−0.174%7d average−0.088%fees + slippage, in and out−$30spread needed0.303%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MSFT_USDC-PERPETUAL | 498.58 | 0 | get 0.0000% / 1h | 13m 15s | $27K | $114K | 10x |
| Short | Coinbase International MSFT-PERP-INTX | 497.71 | −0.0056 | pay 0.0007% / 1h | 13m 15s | $683K | $362K | 10x |
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTXPrice 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
- −$17.45
- Funding while held
- −$1.68
- Slippage, 4 orders
- −$13.3
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$49.43
- Spread needed to break even
- 0.303%
Slippage from Deribit: live order book, 42 min ago; Coinbase International: live order book, 21 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Deribit live order book, 42 min ago | 0.10 bp | 3.6 bp −$4 | 5.1 bp −$51 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 21 min ago | 1.21 bp | 7.9 bp −$8 | 10.5 bp −$105 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International497.71cheapest
Polymarket Perps498.07+0.072%Ondo Perps498.09+0.076%Nado498.10+0.079%Variational Omni498.11+0.081%ApeX Omni498.13+0.084%tradeXYZ498.16+0.090%Phoenix498.19+0.096%Hotstuff498.21+0.100%KuCoin498.21+0.100%Gate498.26+0.111%Vest498.30+0.119%Lighter RH498.33+0.125%Bitget498.35+0.129%edgeX498.38+0.134%QFEX498.38+0.135%Paradex498.40+0.138%HTX498.45+0.149%Arcus498.47+0.153%Aster498.49+0.156%BloFin498.50+0.159%Lighter498.52+0.163%Phemex498.55+0.169%
Polymarket Perps
Ondo Perps
Nado
Variational Omni
ApeX Omni
tradeXYZ
Phoenix
Hotstuff
KuCoin
Gate
Vest
Lighter RH
Bitget
QFEX
Paradex
HTX
Arcus
Aster
BloFin
Lighter
PhemexDeribit498.58+0.175%
Injective498.59+0.177%OKX498.60+0.179%Binance498.65+0.188%SoDEX498.65+0.189%Orderly498.66+0.191%Extended498.68+0.194%Aevo498.69+0.196%Bybit498.70+0.199%SunX499.40+0.340%
Injective
OKX
Binance
SoDEX
Orderly
Extended
Aevo
Bybit
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-INTXshort | −0.174% | −0.0056% | 1h | $683K | $362K | 10x | |
| Polymarket Perps MSFT-USD | −0.102% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.098% | +0.0050% | 1h | $509K | $452K | 15x | as long as short |
| Nado MSFT-PERP | −0.095% | 0.0000% | 1h | $447K | $24K | 20x | as long as short |
| Variational Omni MSFT | −0.094% | 0.0000% | 8h | $1.3M | $704K | — | as long as short |
| ApeX Omni MSFTUSDT | −0.090% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| tradeXYZ xyz:MSFT | −0.084% | +0.0050% | 1h | $22.1M | $8.8M | 20x | as long as short |
| Phoenix MSFT | −0.078% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.074% | +0.0056% | 1h | $40K | — | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.074% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | −0.064% | 0.0000% | 8h | $3.0M | $1.4M | 100x | as long as short |
| Vest MSFT-USD-PERP | −0.056% | +0.0046% | 1h | — | — | 25x | as long as short |
| Lighter RH MSFT | −0.050% | +0.0032% | 1h | $647K | $2.1M | 20x | as long as short |
| Bitget MSFTUSDT | −0.046% | +0.0031% | 8h | $3.7M | $1.7M | 100x | as long as short |
| edgeX MSFTUSDC | −0.041% | −0.0661% | 4h | $101K | $245K | 10x | as long as short |
| QFEX MSFT-USD | −0.040% | +0.0044% | 1h | $1.2M | $4.9M | 10x | as long as short |
| Paradex MSFT-USD-PERP | −0.037% | +0.0050% | 8h | $219 | — | 5x | as long as short |
| HTX MSFT-USDT | −0.026% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Arcus MSFT-USD | −0.022% | +0.0573% | 1h | $111K | $75K | 10x | as long as short |
| Aster MSFTUSDT | −0.019% | 0.0000% | 8h | $156K | $86K | 20x | as long as short |
| BloFin MSFT-USDT | −0.016% | −0.0020% | 8h | $192K | $193K | 20x | as long as short |
| Lighter MSFT | −0.012% | +0.0072% | 1h | $1.1M | $538K | 20x | as long as short |
| Phemex MSFTUSDT | −0.006% | 0.0000% | 8h | $2.1M | $669K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $27K | $114K | 10x | |
| Injective MSFT/USDC PERP | +0.002% | +0.0220% | 1h | $114K | $88K | 30x | as long as short |
| OKX MSFT-USDT-SWAP | +0.004% | 0.0000% | 8h | $3.0M | $2.1M | 20x | as long as short |
| Binance MSFTUSDT | +0.013% | 0.0000% | 8h | $15.6M | $17.1M | 20x | as long as short |
| SoDEX MSFT-USD | +0.014% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.016% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Extended MSFT_24_5-USD | +0.020% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Aevo MSFT-PERP | +0.021% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Bybit MSFTUSDT | +0.024% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| SunX MSFT-USDT | +0.164% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |