After costs, if the gap returns to its 7d average, $10k−$39
spread now−0.072%7d average−0.065%fees + slippage, in and out−$38spread needed0.385%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MSFT-USDT | 499.08 | 0 | get 0.0000% / 8h | 5h 52m | $58K | $230K | 20x |
| Short | ApeX Omni MSFTUSDT | 498.72 | 0.0100 | get 0.0013% / 1h | 52m 21s | $159K | $7K | 50x |
HTX MSFT-USDT
ApeX Omni 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
- −$7.21
- Funding while held
- $3
- Slippage, 4 orders
- −$16.46
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$42.67
- Spread needed to break even
- 0.385%
Slippage from HTX: live order book, 46 min ago; ApeX Omni: live order book, 45 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 HTX live order book, 46 min ago | 2.31 bp | 9.3 bp −$9 | 16.1 bp −$161 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 45 min ago | 5.13 bp | 10.1 bp −$10 | 70.0 bp −$700 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International497.09cheapestKuCoin498.60+0.304%
Coinbase International
KuCoinApeX Omni498.72+0.328%
Polymarket Perps498.72+0.328%Hotstuff498.76+0.336%Nado498.78+0.339%Ondo Perps498.78+0.340%tradeXYZ498.81+0.346%Gate498.81+0.346%Lighter RH498.95+0.374%Phoenix498.97+0.378%Vest499.02+0.388%Paradex499.02+0.389%OKX499.03+0.390%
Polymarket Perps
Hotstuff
Nado
Ondo Perps
tradeXYZ
Gate
Lighter RH
Phoenix
Vest
Paradex
OKXHTX499.08+0.400%
Arcus499.09+0.402%Deribit499.10+0.404%QFEX499.11+0.406%SoDEX499.12+0.408%Bitget499.13+0.410%Extended499.15+0.415%Aster499.16+0.416%Binance499.16+0.416%Orderly499.16+0.416%Aevo499.20+0.424%Bybit499.20+0.424%BloFin499.22+0.428%edgeX499.23+0.430%Lighter499.23+0.431%Variational Omni499.28+0.441%Phemex499.38+0.461%SunX499.94+0.573%Injective500.11+0.608%
Arcus
Deribit
QFEX
SoDEX
Bitget
Extended
Aster
Binance
Orderly
Aevo
Bybit
BloFin
Lighter
Variational Omni
Phemex
SunX
InjectiveMSFT 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 | −0.399% | −0.0056% | 1h | $675K | $352K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.096% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| ApeX Omni MSFTUSDTshort | −0.072% | +0.0100% | 1h | $159K | $7K | 50x | |
| Polymarket Perps MSFT-USD | −0.072% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.064% | +0.0016% | 1h | $40K | — | 20x | as long as short |
| Nado MSFT-PERP | −0.061% | −0.0014% | 1h | $447K | $24K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.060% | +0.0050% | 1h | $510K | $451K | 15x | as long as short |
| tradeXYZ xyz:MSFT | −0.054% | +0.0050% | 1h | $21.8M | $8.6M | 20x | as long as short |
| Gate MSFT_USDT | −0.054% | 0.0000% | 8h | $3.1M | $1.4M | 100x | as long as short |
| Lighter RH MSFT | −0.026% | +0.0032% | 1h | $679K | $2.1M | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSFT | −0.022% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.012% | +0.0046% | 1h | — | — | 25x | as long as short |
| Paradex MSFT-USD-PERP | −0.011% | +0.0050% | 8h | $220 | — | 5x | as long as short |
| OKX MSFT-USDT-SWAP | −0.010% | 0.0000% | 8h | $3.1M | $2.1M | 20x | as long as short |
| HTX MSFT-USDTlong | 0.000% | 0.0000% | 8h | $58K | $230K | 20x | |
| Arcus MSFT-USD | +0.002% | +0.0573% | 1h | $111K | $75K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.004% | 0.0000% | 1h | $27K | $113K | 10x | as long as short |
| QFEX MSFT-USD | +0.006% | +0.0044% | 1h | $1.2M | $4.6M | 10x | as long as short |
| SoDEX MSFT-USD | +0.008% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Bitget MSFTUSDT | +0.010% | +0.0004% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Extended MSFT_24_5-USD | +0.015% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Aster MSFTUSDT | +0.016% | 0.0000% | 8h | $157K | $80K | 20x | as long as short |
| Binance MSFTUSDT | +0.016% | 0.0000% | 8h | $15.6M | $16.7M | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.016% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.024% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Bybit MSFTUSDT | +0.024% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| BloFin MSFT-USDT | +0.028% | +0.0014% | 8h | $194K | $186K | 20x | as long as short |
| edgeX MSFTUSDC | +0.030% | +0.0411% | 4h | $102K | $244K | 10x | as long as short |
| Lighter MSFT | +0.030% | +0.0080% | 1h | $1.1M | $537K | 20x | as long as short |
| Variational Omni MSFT | +0.041% | 0.0000% | 8h | $1.3M | $719K | — | as long as short |
| Phemex MSFTUSDT | +0.060% | 0.0000% | 8h | $2.1M | $643K | 10x | as long as short |
| SunX MSFT-USDT | +0.172% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.206% | +0.0220% | 1h | $115K | $88K | 30x | as long as short |