data as of
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Price arb /

MSFT

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$69
spread now+0.064%7d average+0.065%fees + slippage, in and out−$69spread needed0.687%
Long on ExtendedShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended MSFT_24_5-USD498.500get 0.0000% / 1h1m 30s$372K$410K17x
ShortPhemex MSFTUSDT498.820get 0.0000% / 8h5h 01m$2.1M$683K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$6.37
Funding while held
$0
Slippage, 4 orders
−$51.67
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$62.3
Spread needed to break even
0.687%
Slippage from Extended: live order book, 33 min ago; Phemex: 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 33 min ago0.60 bp5.8 bp −$634.0 bp −$340doesn't fitdoesn't fit
Sell Phemex live order book, 3 min ago3.01 bp29.0 bp −$29doesn't fitdoesn't fitdoesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
Polymarket Perps498.22cheapesttradeXYZ498.28+0.012%Ondo Perps498.29+0.014%Gate498.31+0.018%KuCoin498.32+0.020%Nado498.36+0.028%ApeX Omni498.41+0.038%Binance498.42+0.040%Arcus498.44+0.044%Hotstuff498.44+0.044%Phoenix498.45+0.046%Lighter RH498.48+0.052%Paradex498.49+0.053%Bitget498.49+0.054%Deribit498.49+0.054%QFEX498.50+0.056%
Extended498.50+0.057%
Bybit498.52+0.060%Vest498.52+0.060%OKX498.59+0.074%Orderly498.59+0.074%HTX498.60+0.076%Aevo498.61+0.078%Aster498.62+0.080%Lighter498.66+0.088%SoDEX498.69+0.094%BloFin498.69+0.094%Injective498.75+0.106%
Phemex498.82+0.120%
edgeX498.84+0.125%Variational Omni499.03+0.162%Coinbase International499.37+0.231%SunX499.40+0.237%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps MSFT-USD−0.057%+0.0050%1h$301K$444K10xas long as short
tradeXYZ xyz:MSFT−0.045%+0.0050%1h$22.1M$8.9M20xas long as short
Ondo Perps MSFT-USD.P−0.043%+0.0050%1h$509K$453K15xas long as short
Gate MSFT_USDT−0.039%0.0000%8h$3.0M$1.4M100xas long as short
KuCoin MSFTUSDTM−0.037%+0.0100%8h$1.5M$11K20xas long as short
Nado MSFT-PERP−0.029%−0.0004%1h$446K$25K20xas long as short
ApeX Omni MSFTUSDT−0.019%+0.0100%1h$159K$7K50xas long as short
Binance MSFTUSDT−0.017%0.0000%8h$15.6M$17.3M20xas long as short
Arcus MSFT-USD−0.013%+0.0573%1h$112K$75K10xas long as short
Hotstuff MSFT-PERP−0.013%+0.0064%1h$40K—20xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix MSFT−0.011%+0.0048%1h$10K$15K20xas long as short
Lighter RH MSFT−0.005%+0.0032%1h$663K$2.1M20xas long as short
Paradex MSFT-USD-PERP−0.003%+0.0050%8h$219—5xas long as short
Bitget MSFTUSDT−0.003%+0.0033%8h$3.7M$1.8M100xas long as short
Deribit MSFT_USDC-PERPETUAL−0.003%0.0000%1h$27K$114K10xas long as short
QFEX MSFT-USD−0.001%+0.0044%1h$1.2M$5.0M10xas long as short
Extended MSFT_24_5-USDlong0.000%0.0000%1h$372K$410K17x
Bybit MSFTUSDT+0.004%0.0000%8h$7.3M$1.5M100xas long as short
Vest MSFT-USD-PERP+0.004%+0.0046%1h——25xas long as short
OKX MSFT-USDT-SWAP+0.018%0.0000%8h$3.0M$2.1M20xas long as short
Orderly PERP_MSFT_USDC_mythos+0.018%+0.0100%8h$8K—10xas long as short
HTX MSFT-USDT+0.020%0.0000%8h$58K$231K20xas long as short
Aevo MSFT-PERP+0.021%+0.0104%1h$55—10xas long as short
Aster MSFTUSDT+0.023%0.0000%8h$156K$86K20xas long as short
Lighter MSFT+0.032%+0.0072%1h$1.1M$548K20xas long as short
SoDEX MSFT-USD+0.038%+0.0050%1h$60K$3K10xas long as short
BloFin MSFT-USDT+0.038%−0.0026%8h$192K$196K20xas long as short
Injective MSFT/USDC PERP+0.050%+0.0220%1h$114K$88K30xas long as short
Phemex MSFTUSDTshort+0.064%0.0000%8h$2.1M$683K10x
edgeX MSFTUSDC+0.068%−0.0563%4h$101K$244K10xas long as short
Variational Omni MSFT+0.105%0.0000%8h$1.3M$704K—as long as short
Coinbase International MSFT-PERP-INTX+0.174%−0.0056%1h$685K$364K10xas long as short
SunX MSFT-USDT+0.180%0.0000%8h$6K$4.4M20xas long as short