After costs, if the gap returns to its 7d average, $10k−$84
spread now+0.039%7d average+0.046%fees + slippage, in and out−$83spread needed0.834%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSFTUSDC | 494.59 | −0.0989 | get 0.0495% / 4h | 1h 28m | $101K | $245K | 10x |
| Short | Phemex MSFTUSDT | 494.78 | 0 | get 0.0000% / 8h | 1h 28m | $2.1M | $426K | 10x |
Phemex MSFTUSDTPrice 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
- $3.93
- Funding while held
- $29.67
- Slippage, 4 orders
- −$62.38
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$49.78
- Spread needed to break even
- 0.834%
Slippage from edgeX: live order book, 25 min ago; Phemex: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0989%
- Per $10,000 a day
- +$29.67
- 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, 25 min ago | 5.23 bp | 10.0 bp −$10 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 1.62 bp | 36.3 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Hotstuff493.21cheapestCoinbase International493.47+0.053%Ondo Perps493.60+0.079%Polymarket Perps493.72+0.103%tradeXYZ493.73+0.105%Vest493.77+0.114%Phoenix493.86+0.132%KuCoin493.91+0.142%Aster493.93+0.146%Lighter RH493.94+0.148%ApeX Omni493.96+0.152%Nado493.99+0.158%Deribit493.99+0.158%Paradex494.02+0.164%Gate494.02+0.164%Arcus494.05+0.170%Orderly494.08+0.176%HTX494.10+0.180%Bitget494.12+0.185%SoDEX494.12+0.185%Extended494.13+0.186%Aevo494.14+0.189%QFEX494.16+0.193%Bybit494.18+0.197%Lighter494.23+0.207%BloFin494.24+0.209%Variational Omni494.25+0.211%OKX494.28+0.217%Binance494.29+0.219%Injective494.74+0.310%
Hotstuff
Coinbase International
Ondo Perps
Polymarket Perps
tradeXYZ
Vest
Phoenix
KuCoin
Aster
Lighter RH
ApeX Omni
Nado
Deribit
Paradex
Gate
Arcus
Orderly
HTX
Bitget
SoDEX
Extended
Aevo
QFEX
Bybit
Lighter
BloFin
Variational Omni
OKX
Binance
InjectivePhemex494.78+0.318%
SunX495.09+0.381%
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.278% | −0.1296% | 1h | $40K | — | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.226% | −0.0016% | 1h | $662K | $330K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.199% | +0.0050% | 1h | $539K | $370K | 15x | as long as short |
| Polymarket Perps MSFT-USD | −0.175% | +0.0050% | 1h | $288K | $418K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.173% | +0.0050% | 1h | $23.2M | $5.9M | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.165% | +0.0046% | 1h | — | — | 25x | as long as short |
| Phoenix MSFT | −0.147% | +0.0016% | 1h | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.137% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| Aster MSFTUSDT | −0.132% | 0.0000% | 8h | $153K | $63K | 20x | as long as short |
| Lighter RH MSFT | −0.130% | +0.0032% | 1h | $686K | $2.1M | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSFTUSDT | −0.126% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Nado MSFT-PERP | −0.121% | −0.0017% | 1h | $459K | $3K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.120% | 0.0000% | 1h | $27K | $98K | 10x | as long as short |
| Paradex MSFT-USD-PERP | −0.115% | +0.0052% | 8h | $217 | — | 5x | as long as short |
| Gate MSFT_USDT | −0.114% | 0.0000% | 8h | $3.0M | $974K | 100x | as long as short |
| Arcus MSFT-USD | −0.108% | +0.0151% | 1h | $112K | $49K | 10x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.102% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| HTX MSFT-USDT | −0.098% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| Bitget MSFTUSDT | −0.094% | 0.0000% | 8h | $3.8M | $1.5M | 100x | as long as short |
| SoDEX MSFT-USD | −0.094% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Extended MSFT_24_5-USD | −0.093% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| Aevo MSFT-PERP | −0.090% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| QFEX MSFT-USD | −0.086% | +0.0038% | 1h | $1.2M | $3.2M | 10x | as long as short |
| Bybit MSFTUSDT | −0.082% | 0.0000% | 8h | $7.2M | $946K | 100x | as long as short |
| Lighter MSFT | −0.072% | +0.0040% | 1h | $1.1M | $523K | 20x | as long as short |
| BloFin MSFT-USDT | −0.070% | +0.0001% | 8h | $191K | $125K | 20x | as long as short |
| Variational Omni MSFT | −0.068% | 0.0000% | 8h | $1.3M | $665K | — | as long as short |
| OKX MSFT-USDT-SWAP | −0.062% | 0.0000% | 8h | $3.0M | $895K | 20x | as long as short |
| Binance MSFTUSDT | −0.060% | 0.0000% | 8h | $15.7M | $12.1M | 20x | as long as short |
| edgeX MSFTUSDClong | 0.000% | −0.0989% | 4h | $101K | $245K | 10x | |
| Injective MSFT/USDC PERP | +0.031% | +0.0220% | 1h | $113K | $184K | 30x | as long as short |
| Phemex MSFTUSDTshort | +0.039% | 0.0000% | 8h | $2.1M | $426K | 10x | |
| SunX MSFT-USDT | +0.102% | 0.0000% | 8h | $6K | $3.5M | 20x | as long as short |