After costs, if the gap returns to its 7d average, $10k−$31
spread now−0.013%7d average+0.029%fees + slippage, in and out−$26spread needed0.265%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MSFT_24_5-USD | 493.47 | 0 | get 0.0000% / 1h | 46m 35s | $329K | $380K | 17x |
| Short | Bitget MSFTUSDT | 493.40 | 0 | get 0.0000% / 8h | 46m 35s | $3.7M | $1.6M | 100x |
Extended MSFT_24_5-USD
Bitget 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
- −$1.35
- Funding while held
- $0
- Slippage, 4 orders
- −$9.47
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$27.82
- Spread needed to break even
- 0.265%
Slippage from Extended: live order book, 3 min ago; Bitget: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Extended live order book, 3 min ago | 0.10 bp | 4.8 bp −$5 | 36.0 bp −$360 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.41 bp | 9.9 bp −$10 | 13.1 bp −$131 | 26.9 bp −$2,693 | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.tradeXYZ492.95cheapestOndo Perps492.99+0.008%Hotstuff492.99+0.008%Polymarket Perps493.00+0.010%Vest493.05+0.020%ApeX Omni493.07+0.024%Nado493.14+0.039%KuCoin493.17+0.045%Phoenix493.20+0.051%Gate493.26+0.063%Lighter RH493.28+0.067%Paradex493.30+0.070%Arcus493.33+0.077%OKX493.37+0.085%Lighter493.39+0.089%Bybit493.39+0.089%Deribit493.39+0.089%
tradeXYZ
Ondo Perps
Hotstuff
Polymarket Perps
Vest
ApeX Omni
Nado
KuCoin
Phoenix
Gate
Lighter RH
Paradex
Arcus
OKX
Lighter
Bybit
DeribitBitget493.40+0.091%
QFEX493.43+0.097%
QFEXExtended493.47+0.105%
Orderly493.49+0.110%Binance493.50+0.112%SoDEX493.51+0.114%Aster493.53+0.118%HTX493.54+0.120%Aevo493.54+0.120%Injective493.59+0.130%BloFin493.64+0.140%edgeX493.65+0.142%Variational Omni493.70+0.153%Phemex493.84+0.181%Coinbase International493.89+0.191%SunX494.41+0.296%
Orderly
Binance
SoDEX
Aster
HTX
Aevo
Injective
BloFin
Variational Omni
Phemex
Coinbase International
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSFT | −0.105% | +0.0050% | 1h | $23.1M | $6.1M | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.097% | +0.0050% | 1h | $536K | $371K | 15x | as long as short |
| Hotstuff MSFT-PERP | −0.097% | +0.0032% | 1h | $40K | — | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.095% | +0.0050% | 1h | $288K | $470K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.084% | +0.0046% | 1h | — | — | 25x | as long as short |
| ApeX Omni MSFTUSDT | −0.080% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Nado MSFT-PERP | −0.066% | −0.0008% | 1h | $458K | $4K | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.060% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| Phoenix MSFT | −0.054% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| Gate MSFT_USDT | −0.042% | 0.0000% | 8h | $3.0M | $1.0M | 100x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH MSFT | −0.038% | +0.0032% | 1h | $677K | $2.0M | 20x | as long as short |
| Paradex MSFT-USD-PERP | −0.035% | +0.0052% | 8h | $217 | — | 5x | as long as short |
| Arcus MSFT-USD | −0.028% | +0.0325% | 1h | $112K | $48K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | −0.020% | 0.0000% | 8h | $3.0M | $1.4M | 20x | as long as short |
| Lighter MSFT | −0.016% | +0.0032% | 1h | $1.1M | $529K | 20x | as long as short |
| Bybit MSFTUSDT | −0.016% | 0.0000% | 8h | $7.2M | $976K | 100x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.016% | 0.0000% | 1h | $27K | $103K | 10x | as long as short |
| Bitget MSFTUSDTshort | −0.013% | 0.0000% | 8h | $3.7M | $1.6M | 100x | |
| QFEX MSFT-USD | −0.007% | +0.0052% | 1h | $1.1M | $3.3M | 10x | as long as short |
| Extended MSFT_24_5-USDlong | 0.000% | 0.0000% | 1h | $329K | $380K | 17x | |
| Orderly PERP_MSFT_USDC_mythos | +0.005% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Binance MSFTUSDT | +0.007% | 0.0000% | 8h | $15.8M | $12.9M | 20x | as long as short |
| SoDEX MSFT-USD | +0.009% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Aster MSFTUSDT | +0.013% | 0.0000% | 8h | $151K | $76K | 20x | as long as short |
| HTX MSFT-USDT | +0.015% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Aevo MSFT-PERP | +0.015% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.025% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| BloFin MSFT-USDT | +0.035% | +0.0011% | 8h | $193K | $139K | 20x | as long as short |
| edgeX MSFTUSDC | +0.037% | −0.0553% | 4h | $100K | $244K | 10x | as long as short |
| Variational Omni MSFT | +0.048% | 0.0000% | 8h | $1.2M | $679K | — | as long as short |
| Phemex MSFTUSDT | +0.076% | 0.0000% | 8h | $2.1M | $472K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.086% | −0.0008% | 1h | $663K | $332K | 10x | as long as short |
| SunX MSFT-USDT | +0.191% | 0.0000% | 8h | $6K | $3.8M | 20x | as long as short |