After costs, if the gap returns to its 7d average, $10k−$33
spread now+0.055%7d average+0.008%fees + slippage, in and out−$37spread needed0.373%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MSFT-USDT | 496.41 | 0 | get 0.0000% / 8h | 6h 57m | $58K | $231K | 20x |
| Short | edgeX MSFTUSDC | 496.68 | −0.0755 | pay 0.0378% / 4h | 2h 57m | $101K | $245K | 10x |
HTX 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
- $5.53
- Funding while held
- −$22.65
- Slippage, 4 orders
- −$16.33
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$54.45
- Spread needed to break even
- 0.373%
Slippage from HTX: live order book, 46 min ago; edgeX: live order book, 46 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0755%
- Per $10,000 a day
- −$22.65
- 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 | 2.63 bp | 8.8 bp −$9 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 46 min ago | 5.16 bp | 9.9 bp −$10 | 12.1 bp −$121 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International496.17cheapestPolymarket Perps496.18+0.002%Gate496.27+0.020%Nado496.28+0.023%tradeXYZ496.29+0.024%Ondo Perps496.29+0.024%Hotstuff496.38+0.042%
Coinbase International
Polymarket Perps
Gate
Nado
tradeXYZ
Ondo Perps
HotstuffHTX496.41+0.048%
SoDEX496.45+0.056%Deribit496.46+0.058%Lighter RH496.47+0.060%KuCoin496.47+0.060%Vest496.49+0.064%Orderly496.50+0.067%Binance496.53+0.073%Aevo496.54+0.075%Bybit496.55+0.077%BloFin496.56+0.079%Extended496.57+0.081%Phoenix496.58+0.083%QFEX496.59+0.085%Bitget496.59+0.085%Paradex496.60+0.086%Arcus496.62+0.091%OKX496.63+0.093%Lighter496.64+0.095%ApeX Omni496.67+0.101%Injective496.71+0.109%Variational Omni496.71+0.109%Aster496.74+0.115%Phemex496.92+0.151%SunX497.31+0.230%
SoDEX
Deribit
Lighter RH
KuCoin
Vest
Orderly
Binance
Aevo
Bybit
BloFin
Extended
Phoenix
QFEX
Bitget
Paradex
Arcus
OKX
Lighter
ApeX Omni
Injective
Variational Omni
Aster
Phemex
SunXMSFT 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 | −0.048% | −0.0056% | 1h | $668K | $343K | 10x | as long as short |
| Polymarket Perps MSFT-USD | −0.046% | +0.0050% | 1h | $301K | $443K | 10x | as long as short |
| Gate MSFT_USDT | −0.028% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
| Nado MSFT-PERP | −0.025% | −0.0001% | 1h | $461K | $5K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.024% | +0.0050% | 1h | $22.1M | $7.8M | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.024% | +0.0050% | 1h | $505K | $434K | 15x | as long as short |
| Hotstuff MSFT-PERP | −0.006% | +0.0048% | 1h | $40K | — | 20x | as long as short |
| HTX MSFT-USDTlong | 0.000% | 0.0000% | 8h | $58K | $231K | 20x | |
| SoDEX MSFT-USD | +0.008% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.010% | 0.0000% | 1h | $27K | $113K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH MSFT | +0.012% | +0.0032% | 1h | $666K | $2.1M | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.012% | +0.0100% | 8h | $1.5M | $9K | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.016% | +0.0046% | 1h | — | — | 25x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.018% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Binance MSFTUSDT | +0.025% | 0.0000% | 8h | $15.7M | $15.4M | 20x | as long as short |
| Aevo MSFT-PERP | +0.027% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Bybit MSFTUSDT | +0.028% | 0.0000% | 8h | $7.3M | $1.4M | 100x | as long as short |
| BloFin MSFT-USDT | +0.030% | −0.0026% | 8h | $190K | $172K | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.033% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| Phoenix MSFT | +0.034% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| QFEX MSFT-USD | +0.036% | +0.0028% | 1h | $1.1M | $4.2M | 10x | as long as short |
| Bitget MSFTUSDT | +0.036% | 0.0000% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Paradex MSFT-USD-PERP | +0.038% | +0.0050% | 8h | $219 | — | 5x | as long as short |
| Arcus MSFT-USD | +0.042% | +0.0577% | 1h | $112K | $52K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.044% | 0.0000% | 8h | $3.0M | $1.7M | 20x | as long as short |
| Lighter MSFT | +0.046% | +0.0032% | 1h | $1.1M | $540K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.052% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| edgeX MSFTUSDCshort | +0.055% | −0.0755% | 4h | $101K | $245K | 10x | |
| Injective MSFT/USDC PERP | +0.060% | +0.0220% | 1h | $114K | $125K | 30x | as long as short |
| Variational Omni MSFT | +0.061% | 0.0000% | 8h | $1.3M | $714K | — | as long as short |
| Aster MSFTUSDT | +0.066% | 0.0000% | 8h | $156K | $80K | 20x | as long as short |
| Phemex MSFTUSDT | +0.103% | 0.0000% | 8h | $2.1M | $588K | 10x | as long as short |
| SunX MSFT-USDT | +0.181% | 0.0000% | 8h | $6K | $4.4M | 20x | as long as short |