After costs, if the gap returns to its 7d average, $10k−$203
spread now−0.176%7d average−0.074%fees + slippage, in and out−$193spread needed1.927%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSFTUSDC | 492.40 | −0.0889 | get 0.0444% / 4h | 28m 18s | $100K | $245K | 10x |
| Short | KuCoin MSFTUSDTM | 491.54 | 0.0100 | get 0.0100% / 8h | 28m 18s | $1.4M | $7K | 20x |
KuCoin MSFTUSDTMPrice 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
- −$17.55
- Funding while held
- $29.66
- Slippage, 4 orders
- −$171.68
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$180.58
- Spread needed to break even
- 1.927%
Slippage from edgeX: live order book, 20 min ago; KuCoin: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0989%
- Per $10,000 a day
- +$29.66
- 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 edgeX live order book, 20 min ago | 5.67 bp | 10.3 bp −$10 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 7.52 bp | 74.0 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.KuCoin491.54cheapest
Polymarket Perps491.61+0.014%Vest491.65+0.022%tradeXYZ491.68+0.028%Ondo Perps491.77+0.047%Hotstuff491.84+0.061%Gate491.86+0.065%Lighter RH491.89+0.071%Deribit491.89+0.071%HTX491.90+0.073%Nado491.94+0.081%Paradex491.96+0.086%Lighter491.98+0.090%SoDEX491.98+0.090%Arcus492.01+0.096%Orderly492.01+0.096%Binance492.03+0.099%Aevo492.05+0.103%Extended492.06+0.107%OKX492.08+0.110%QFEX492.08+0.110%Bybit492.09+0.112%ApeX Omni492.12+0.118%Bitget492.13+0.120%BloFin492.32+0.159%Phoenix492.42+0.179%Variational Omni492.52+0.199%Injective492.52+0.199%Aster492.55+0.206%Phemex492.61+0.218%SunX492.76+0.248%Coinbase International493.01+0.299%
Polymarket Perps
Vest
tradeXYZ
Ondo Perps
Hotstuff
Gate
Lighter RH
Deribit
HTX
Nado
Paradex
Lighter
SoDEX
Arcus
Orderly
Binance
Aevo
Extended
OKX
QFEX
Bybit
ApeX Omni
Bitget
BloFin
Phoenix
Variational Omni
Injective
Aster
Phemex
SunX
Coinbase InternationalMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTMshort | −0.176% | +0.0100% | 8h | $1.4M | $7K | 20x | |
| Polymarket Perps MSFT-USD | −0.161% | +0.0050% | 1h | $287K | $472K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.153% | +0.0046% | 1h | — | — | 25x | as long as short |
| tradeXYZ xyz:MSFT | −0.147% | +0.0050% | 1h | $21.9M | $7.3M | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.129% | +0.0050% | 1h | $535K | $373K | 15x | as long as short |
| Hotstuff MSFT-PERP | −0.115% | −0.0056% | 1h | $40K | — | 20x | as long as short |
| Gate MSFT_USDT | −0.111% | 0.0000% | 8h | $3.0M | $1.1M | 100x | as long as short |
| Lighter RH MSFT | −0.104% | +0.0032% | 1h | $679K | $2.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.104% | +0.0014% | 1h | $27K | $105K | 10x | as long as short |
| HTX MSFT-USDT | −0.102% | 0.0000% | 8h | $58K | $229K | 20x | as long as short |