After costs, if the gap returns to its 7d average, $10k−$241
spread now+0.243%7d average+0.200%fees + slippage, in and out−$245spread needed2.449%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSFT_USDT | 493.87 | 0 | get 0.0000% / 8h | 7h 45m | $3.1M | $1.3M | 100x |
| Short | SunX MSFT-USDT | 495.07 | 0 | get 0.0000% / 8h | 7h 45m | $6K | $4.3M | 20x |
Gate MSFT_USDT
SunX MSFT-USDTPrice 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
- $24.3
- Funding while held
- $0
- Slippage, 4 orders
- −$219.89
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee SunX: 5 bp × 2 orders
- −$10
- Net
- −$220.59
- Spread needed to break even
- 2.449%
Slippage from Gate: live order book, 4 min ago; SunX: live order book, 9 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 Gate live order book, 4 min ago | 4.35 bp | 13.1 bp −$13 | 35.7 bp −$357 | doesn't fit | doesn't fit |
| Sell SunX live order book, 9 min ago | 29.15 bp | 104.3 bp −$104 | doesn't fit | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International493.02cheapestKuCoin493.63+0.124%Polymarket Perps493.70+0.138%Nado493.84+0.166%
Coinbase International
KuCoin
Polymarket Perps
NadoGate493.87+0.172%
tradeXYZ493.88+0.174%Vest493.93+0.185%Ondo Perps494.02+0.203%ApeX Omni494.03+0.205%Lighter RH494.09+0.217%Bybit494.09+0.217%Binance494.10+0.218%Extended494.10+0.218%Arcus494.10+0.219%Paradex494.10+0.220%OKX494.13+0.225%QFEX494.13+0.225%Hotstuff494.13+0.225%Bitget494.14+0.227%Lighter494.15+0.229%Deribit494.29+0.258%Phoenix494.30+0.260%Aster494.36+0.272%SoDEX494.36+0.272%HTX494.38+0.276%Injective494.42+0.284%edgeX494.43+0.287%Variational Omni494.44+0.287%Phemex494.44+0.288%BloFin494.44+0.288%Aevo494.44+0.289%Orderly494.45+0.290%
tradeXYZ
Vest
Ondo Perps
ApeX Omni
Lighter RH
Bybit
Binance
Extended
Arcus
Paradex
OKX
QFEX
Hotstuff
Bitget
Lighter
Deribit
Phoenix
Aster
SoDEX
HTX
Injective
Variational Omni
Phemex
BloFin
Aevo
OrderlySunX495.07+0.416%
MSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.172% | 0.0000% | 1h | $664K | $337K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.049% | +0.0100% | 8h | $1.5M | $7K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.034% | +0.0050% | 1h | $288K | $478K | 10x | as long as short |
| Nado MSFT-PERP | −0.006% | −0.0027% | 1h | $459K | $5K | 20x | as long as short |
| Gate MSFT_USDTlong | 0.000% | 0.0000% | 8h | $3.1M | $1.3M | 100x | |
| tradeXYZ xyz:MSFT | +0.002% | +0.0050% | 1h | $21.9M | $7.5M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.012% | +0.0046% | 1h | — | — | 25x | as long as short |
| Ondo Perps MSFT-USD.P | +0.030% | +0.0050% | 1h | $533K | $384K | 15x | as long as short |
| ApeX Omni MSFTUSDT | +0.032% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Lighter RH MSFT | +0.045% | +0.0032% | 1h | $676K | $2.0M | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit MSFTUSDT | +0.045% | 0.0000% | 8h | $7.4M | $1.2M | 100x | as long as short |
| Binance MSFTUSDT | +0.046% | +0.0015% | 8h | $15.6M | $14.5M | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.046% | +0.0016% | 1h | $327K | $380K | 17x | as long as short |
| Arcus MSFT-USD | +0.047% | +0.0442% | 1h | $112K | $50K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.047% | +0.0051% | 8h | $217 | — | 5x | as long as short |
| OKX MSFT-USDT-SWAP | +0.053% | 0.0000% | 8h | $3.1M | $1.5M | 20x | as long as short |
| QFEX MSFT-USD | +0.053% | +0.0042% | 1h | $1.1M | $3.8M | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.053% | +0.0056% | 1h | $40K | — | 20x | as long as short |
| Bitget MSFTUSDT | +0.055% | +0.0001% | 8h | $3.8M | $1.6M | 100x | as long as short |
| Lighter MSFT | +0.057% | +0.0032% | 1h | $1.1M | $535K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.085% | 0.0000% | 1h | $27K | $109K | 10x | as long as short |
| Phoenix MSFT | +0.087% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| Aster MSFTUSDT | +0.099% | 0.0000% | 8h | $155K | $80K | 20x | as long as short |
| SoDEX MSFT-USD | +0.099% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| HTX MSFT-USDT | +0.103% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.111% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| edgeX MSFTUSDC | +0.114% | −0.0978% | 4h | $101K | $245K | 10x | as long as short |
| Variational Omni MSFT | +0.115% | 0.0000% | 8h | $1.2M | $705K | — | as long as short |
| Phemex MSFTUSDT | +0.115% | 0.0000% | 8h | $2.1M | $533K | 10x | as long as short |
| BloFin MSFT-USDT | +0.115% | +0.0001% | 8h | $195K | $159K | 20x | as long as short |
| Aevo MSFT-PERP | +0.116% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.117% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| SunX MSFT-USDTshort | +0.243% | 0.0000% | 8h | $6K | $4.3M | 20x |