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−$35
spread now+0.021%7d average+0.012%fees + slippage, in and out−$36spread needed0.359%
Long on GateShort on Extended
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate MSFT_USDT493.210get 0.0000% / 8h46m 02s$3.0M$1.0M100x
ShortExtended MSFT_24_5-USD493.310get 0.0000% / 1h46m 02s$329K$380K17x

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
$2.08
Funding while held
$0
Slippage, 4 orders
−$15.85
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$33.77
Spread needed to break even
0.359%
Slippage from Gate: live order book, 3 min ago; Extended: 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 Gate live order book, 3 min ago3.04 bp12.2 bp −$1242.2 bp −$422doesn't fitdoesn't fit
Sell Extended live order book, 3 min ago0.10 bp4.8 bp −$537.8 bp −$378doesn't fitdoesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
tradeXYZ492.87cheapestOndo Perps492.99+0.024%Hotstuff493.00+0.026%Polymarket Perps493.00+0.026%Vest493.05+0.037%KuCoin493.07+0.041%ApeX Omni493.07+0.041%Nado493.14+0.055%Phoenix493.20+0.067%
Gate493.21+0.069%
Deribit493.21+0.069%Lighter RH493.26+0.079%Bybit493.29+0.085%Binance493.29+0.086%Paradex493.30+0.086%Orderly493.30+0.087%
Extended493.31+0.090%
OKX493.33+0.093%Arcus493.33+0.093%SoDEX493.35+0.097%Aevo493.35+0.098%Lighter493.36+0.099%Bitget493.38+0.103%HTX493.40+0.108%Aster493.42+0.111%QFEX493.43+0.114%Injective493.59+0.146%BloFin493.64+0.156%edgeX493.65+0.158%Variational Omni493.70+0.169%Coinbase International493.89+0.207%Phemex493.91+0.211%SunX494.24+0.278%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
tradeXYZ xyz:MSFT−0.069%+0.0050%1h$23.1M$6.1M20xas long as short
Ondo Perps MSFT-USD.P−0.045%+0.0050%1h$536K$371K15xas long as short
Hotstuff MSFT-PERP−0.043%+0.0016%1h$40K—20xas long as short
Polymarket Perps MSFT-USD−0.043%+0.0050%1h$288K$470K10xas long as short
Vest MSFT-USD-PERP−0.032%+0.0046%1h——25xas long as short
KuCoin MSFTUSDTM−0.028%+0.0100%8h$1.5M$6K20xas long as short
ApeX Omni MSFTUSDT−0.028%+0.0100%1h$157K$7K50xas long as short
Nado MSFT-PERP−0.014%−0.0008%1h$458K$4K20xas long as short
Phoenix MSFT−0.002%+0.0065%1h$10K$15K20xas long as short
Gate MSFT_USDTlong0.000%0.0000%8h$3.0M$1.0M100x
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Deribit MSFT_USDC-PERPETUAL0.000%0.0000%1h$27K$103K10xas long as short
Lighter RH MSFT+0.010%+0.0032%1h$677K$2.0M20xas long as short
Bybit MSFTUSDT+0.016%0.0000%8h$7.2M$977K100xas long as short
Binance MSFTUSDT+0.017%0.0000%8h$15.8M$12.9M20xas long as short
Paradex MSFT-USD-PERP+0.017%+0.0052%8h$217—5xas long as short
Orderly PERP_MSFT_USDC_mythos+0.018%+0.0100%8h$8K—10xas long as short
Extended MSFT_24_5-USDshort+0.021%0.0000%1h$329K$380K17x
OKX MSFT-USDT-SWAP+0.024%0.0000%8h$3.1M$1.4M20xas long as short
Arcus MSFT-USD+0.024%+0.0325%1h$112K$48K10xas long as short
SoDEX MSFT-USD+0.028%+0.0050%1h$59K$3K10xas long as short
Aevo MSFT-PERP+0.029%+0.0104%1h$54—10xas long as short
Lighter MSFT+0.030%+0.0032%1h$1.1M$529K20xas long as short
Bitget MSFTUSDT+0.034%0.0000%8h$3.7M$1.6M100xas long as short
HTX MSFT-USDT+0.039%0.0000%8h$58K$231K20xas long as short
Aster MSFTUSDT+0.042%0.0000%8h$151K$76K20xas long as short
QFEX MSFT-USD+0.045%+0.0052%1h$1.1M$3.3M10xas long as short
Injective MSFT/USDC PERP+0.077%+0.0220%1h$113K$154K30xas long as short
BloFin MSFT-USDT+0.087%+0.0011%8h$193K$139K20xas long as short
edgeX MSFTUSDC+0.089%−0.0553%4h$100K$244K10xas long as short
Variational Omni MSFT+0.100%0.0000%8h$1.2M$679K—as long as short
Coinbase International MSFT-PERP-INTX+0.138%−0.0008%1h$663K$332K10xas long as short
Phemex MSFTUSDT+0.142%0.0000%8h$2.1M$473K10xas long as short
SunX MSFT-USDT+0.209%0.0000%8h$6K$3.8M20xas long as short