After costs, if the gap returns to its 7d average, $10k−$27
spread now−0.037%7d average−0.016%fees + slippage, in and out−$25spread needed0.248%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSFTUSDC | 494.75 | −0.0010 | get 0.0005% / 4h | 1h 34m | $101K | $244K | 10x |
| Short | Lighter MSFT | 494.57 | 0.0032 | get 0.0004% / 1h | 34m 24s | $1.1M | $522K | 20x |
Lighter MSFTPrice 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
- −$3.66
- Funding while held
- $1.25
- Slippage, 4 orders
- −$15.83
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$27.24
- Spread needed to break even
- 0.248%
Slippage from edgeX: live order book, 19 min ago; Lighter: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0042%
- Per $10,000 a day
- +$1.25
- 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, 19 min ago | 5.23 bp | 10.0 bp −$10 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.81 bp | 2.2 bp −$2 | 9.1 bp −$91 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Polymarket Perps493.91cheapesttradeXYZ493.92+0.002%KuCoin493.99+0.016%Vest494.07+0.032%Nado494.15+0.049%Ondo Perps494.23+0.065%Arcus494.24+0.067%Gate494.27+0.073%Hotstuff494.31+0.081%Lighter RH494.32+0.083%Bybit494.35+0.089%Paradex494.36+0.092%Deribit494.38+0.095%Extended494.38+0.096%Orderly494.41+0.101%ApeX Omni494.45+0.109%Bitget494.47+0.113%Phoenix494.48+0.115%QFEX494.51+0.121%Binance494.53+0.126%
Polymarket Perps
tradeXYZ
KuCoin
Vest
Nado
Ondo Perps
Arcus
Gate
Hotstuff
Lighter RH
Bybit
Paradex
Deribit
Extended
Orderly
ApeX Omni
Bitget
Phoenix
QFEX
BinanceLighter494.57+0.134%
Aster494.59+0.137%SoDEX494.59+0.138%Aevo494.62+0.143%OKX494.62+0.144%HTX494.63+0.146%BloFin494.78+0.176%Variational Omni494.86+0.193%Phemex495.14+0.249%Injective495.17+0.255%Coinbase International495.20+0.261%SunX495.64+0.350%
Aster
SoDEX
Aevo
OKX
HTX
BloFin
Variational Omni
Phemex
Injective
Coinbase International
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MSFT-USD | −0.170% | +0.0050% | 1h | $291K | $411K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.168% | +0.0050% | 1h | $23.2M | $5.9M | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.154% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.138% | +0.0046% | 1h | — | — | 25x | as long as short |
| Nado MSFT-PERP | −0.121% | −0.0017% | 1h | $459K | $3K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.105% | +0.0050% | 1h | $539K | $369K | 15x | as long as short |
| Arcus MSFT-USD | −0.103% | +0.0151% | 1h | $112K | $49K | 10x | as long as short |
| Gate MSFT_USDT | −0.097% | 0.0000% | 8h | $3.1M | $960K | 100x | as long as short |
| Hotstuff MSFT-PERP | −0.089% | −0.1584% | 1h | $40K | — | 20x | as long as short |
| Lighter RH MSFT | −0.087% | +0.0032% | 1h | $693K | $2.1M | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit MSFTUSDT | −0.081% | 0.0000% | 8h | $7.2M | $923K | 100x | as long as short |
| Paradex MSFT-USD-PERP | −0.078% | +0.0052% | 8h | $218 | — | 5x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.075% | 0.0000% | 1h | $27K | $97K | 10x | as long as short |
| Extended MSFT_24_5-USD | −0.075% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.069% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| ApeX Omni MSFTUSDT | −0.061% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Bitget MSFTUSDT | −0.057% | 0.0000% | 8h | $3.8M | $1.5M | 100x | as long as short |
| Phoenix MSFT | −0.055% | +0.0016% | 1h | $10K | $15K | 20x | as long as short |
| QFEX MSFT-USD | −0.049% | +0.0038% | 1h | $1.1M | $3.1M | 10x | as long as short |
| Binance MSFTUSDT | −0.045% | 0.0000% | 8h | $15.7M | $11.8M | 20x | as long as short |
| Lighter MSFTshort | −0.037% | +0.0032% | 1h | $1.1M | $522K | 20x | |
| Aster MSFTUSDT | −0.033% | 0.0000% | 8h | $153K | $57K | 20x | as long as short |
| SoDEX MSFT-USD | −0.033% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Aevo MSFT-PERP | −0.027% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| OKX MSFT-USDT-SWAP | −0.026% | 0.0000% | 8h | $3.0M | $886K | 20x | as long as short |
| HTX MSFT-USDT | −0.024% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| edgeX MSFTUSDClong | 0.000% | −0.0010% | 4h | $101K | $244K | 10x | |
| BloFin MSFT-USDT | +0.006% | +0.0026% | 8h | $191K | $123K | 20x | as long as short |
| Variational Omni MSFT | +0.023% | 0.0000% | 8h | $1.3M | $652K | — | as long as short |
| Phemex MSFTUSDT | +0.079% | 0.0000% | 8h | $2.1M | $417K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.085% | +0.0220% | 1h | $158K | $140K | 30x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.091% | −0.0016% | 1h | $666K | $327K | 10x | as long as short |
| SunX MSFT-USDT | +0.180% | 0.0000% | 8h | $6K | $3.4M | 20x | as long as short |