After costs, if the gap returns to its 7d average, $10k−$20
spread now+0.122%7d average−0.027%fees + slippage, in and out−$35spread needed0.352%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MSFT_USDC-PERPETUAL | 497.98 | 0.0132 | pay 0.0016% / 1h | 20m 35s | $27K | $114K | 10x |
| Short | Injective MSFT/USDC PERP | 498.59 | 0.0220 | get 0.0028% / 1h | 20m 35s | $114K | $88K | 30x |
Deribit MSFT_USDC-PERPETUAL
Injective MSFT/USDC PERPPrice 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
- $12.25
- Funding while held
- $2.65
- Slippage, 4 orders
- −$28.2
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$20.32
- Spread needed to break even
- 0.352%
Slippage from Deribit: live order book, 35 min ago; Injective: live order book, 15 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0088%
- Per $10,000 a day
- +$2.65
- 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, 35 min ago | 0.10 bp | 3.6 bp −$4 | 5.1 bp −$51 | doesn't fit | doesn't fit |
| Sell Injective live order book, 15 min ago | 10.04 bp | 10.0 bp −$10 | 10.0 bp −$100 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps497.56cheapestApeX Omni497.61+0.010%Phoenix497.62+0.012%Hotstuff497.70+0.028%Coinbase International497.71+0.030%Polymarket Perps497.72+0.032%Nado497.75+0.039%tradeXYZ497.76+0.040%KuCoin497.79+0.046%Gate497.80+0.048%Vest497.91+0.070%HTX497.92+0.072%
Ondo Perps
ApeX Omni
Phoenix
Hotstuff
Coinbase International
Polymarket Perps
Nado
tradeXYZ
KuCoin
Gate
Vest
HTXDeribit497.98+0.084%
Lighter RH498.00+0.088%SoDEX498.02+0.092%Paradex498.05+0.099%Orderly498.06+0.100%Aster498.06+0.101%Bybit498.07+0.103%OKX498.07+0.103%QFEX498.07+0.103%Variational Omni498.07+0.103%Bitget498.08+0.105%BloFin498.08+0.105%Arcus498.10+0.109%Aevo498.11+0.111%Extended498.12+0.113%Lighter498.15+0.119%Binance498.16+0.121%Phemex498.28+0.145%edgeX498.48+0.184%
Lighter RH
SoDEX
Paradex
Orderly
Aster
Bybit
OKX
QFEX
Variational Omni
Bitget
BloFin
Arcus
Aevo
Extended
Lighter
Binance
PhemexInjective498.59+0.207%
SunX498.85+0.259%
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSFT-USD.P | −0.084% | +0.0050% | 1h | $509K | $451K | 15x | as long as short |
| ApeX Omni MSFTUSDT | −0.074% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Phoenix MSFT | −0.072% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.056% | −0.0152% | 1h | $40K | — | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.054% | −0.0056% | 1h | $683K | $363K | 10x | as long as short |
| Polymarket Perps MSFT-USD | −0.052% | +0.0050% | 1h | $301K | $444K | 10x | as long as short |
| Nado MSFT-PERP | −0.045% | −0.0001% | 1h | $446K | $24K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.044% | +0.0050% | 1h | $22.1M | $8.8M | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.038% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| Gate MSFT_USDT | −0.036% | 0.0000% | 8h | $3.0M | $1.4M | 100x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest MSFT-USD-PERP | −0.014% | +0.0046% | 1h | — | — | 25x | as long as short |
| HTX MSFT-USDT | −0.012% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUALlong | 0.000% | +0.0132% | 1h | $27K | $114K | 10x | |
| Lighter RH MSFT | +0.004% | +0.0032% | 1h | $647K | $2.1M | 20x | as long as short |
| SoDEX MSFT-USD | +0.008% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.015% | +0.0050% | 8h | $219 | — | 5x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.016% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Aster MSFTUSDT | +0.017% | 0.0000% | 8h | $156K | $86K | 20x | as long as short |
| Bybit MSFTUSDT | +0.018% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | +0.018% | 0.0000% | 8h | $3.0M | $2.1M | 20x | as long as short |
| QFEX MSFT-USD | +0.018% | +0.0044% | 1h | $1.2M | $4.8M | 10x | as long as short |
| Variational Omni MSFT | +0.019% | 0.0000% | 8h | $1.3M | $704K | — | as long as short |
| Bitget MSFTUSDT | +0.020% | +0.0025% | 8h | $3.7M | $1.7M | 100x | as long as short |
| BloFin MSFT-USDT | +0.020% | −0.0016% | 8h | $192K | $191K | 20x | as long as short |
| Arcus MSFT-USD | +0.024% | +0.0573% | 1h | $111K | $75K | 10x | as long as short |
| Aevo MSFT-PERP | +0.027% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Extended MSFT_24_5-USD | +0.029% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Lighter MSFT | +0.034% | +0.0080% | 1h | $1.1M | $537K | 20x | as long as short |
| Binance MSFTUSDT | +0.036% | 0.0000% | 8h | $15.6M | $17.0M | 20x | as long as short |
| Phemex MSFTUSDT | +0.060% | 0.0000% | 8h | $2.1M | $663K | 10x | as long as short |
| edgeX MSFTUSDC | +0.100% | +0.0875% | 4h | $101K | $244K | 10x | as long as short |
| Injective MSFT/USDC PERPshort | +0.122% | +0.0220% | 1h | $114K | $88K | 30x | |
| SunX MSFT-USDT | +0.175% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |