After costs, if the gap returns to its 7d average, $10k−$236
spread now+0.148%7d average+0.176%fees + slippage, in and out−$233spread needed2.335%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MSFT-USDT | 499.29 | 0 | get 0.0000% / 8h | 5h 09m | $58K | $232K | 20x |
| Short | SunX MSFT-USDT | 500.03 | 0 | get 0.0000% / 8h | 5h 09m | $6K | $4.3M | 20x |
HTX 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
- $14.82
- Funding while held
- $0
- Slippage, 4 orders
- −$211.47
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee SunX: 5 bp × 2 orders
- −$10
- Net
- −$218.65
- Spread needed to break even
- 2.335%
Slippage from HTX: live order book, 23 min ago; SunX: live order book, 5 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 HTX live order book, 23 min ago | 2.81 bp | 9.1 bp −$9 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell SunX live order book, 5 min ago | 29.13 bp | 104.1 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.Phoenix498.19cheapestInjective498.75+0.112%KuCoin498.84+0.130%Polymarket Perps498.92+0.147%tradeXYZ498.98+0.159%Gate498.99+0.161%Ondo Perps499.00+0.163%Nado499.04+0.171%ApeX Omni499.05+0.173%Deribit499.10+0.183%Hotstuff499.17+0.197%Lighter RH499.18+0.199%Vest499.22+0.207%Paradex499.24+0.210%Arcus499.24+0.211%Binance499.27+0.217%OKX499.28+0.219%SoDEX499.28+0.219%Variational Omni499.29+0.220%
Phoenix
Injective
KuCoin
Polymarket Perps
tradeXYZ
Gate
Ondo Perps
Nado
ApeX Omni
Deribit
Hotstuff
Lighter RH
Vest
Paradex
Arcus
Binance
OKX
SoDEX
Variational OmniHTX499.29+0.221%
Aevo499.29+0.221%Extended499.31+0.224%Orderly499.31+0.225%Bybit499.32+0.227%Bitget499.32+0.227%Lighter499.33+0.229%QFEX499.36+0.235%Coinbase International499.37+0.237%Aster499.38+0.239%edgeX499.44+0.251%Phemex499.45+0.253%BloFin499.49+0.261%
Aevo
Extended
Orderly
Bybit
Bitget
Lighter
QFEX
Coinbase International
Aster
Phemex
BloFinSunX500.03+0.369%
MSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSFT | −0.220% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| Injective MSFT/USDC PERP | −0.108% | +0.0220% | 1h | $114K | $88K | 30x | as long as short |
| KuCoin MSFTUSDTM | −0.090% | +0.0100% | 8h | $1.5M | $11K | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.074% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.062% | +0.0050% | 1h | $22.2M | $8.9M | 20x | as long as short |
| Gate MSFT_USDT | −0.060% | 0.0000% | 8h | $3.0M | $1.4M | 100x | as long as short |
| Ondo Perps MSFT-USD.P | −0.058% | +0.0050% | 1h | $510K | $453K | 15x | as long as short |
| Nado MSFT-PERP | −0.050% | −0.0002% | 1h | $447K | $24K | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.048% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.038% | 0.0000% | 1h | $27K | $114K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.024% | +0.0176% | 1h | $40K | — | 20x | as long as short |
| Lighter RH MSFT | −0.022% | +0.0032% | 1h | $648K | $2.1M | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.014% | +0.0046% | 1h | — | — | 25x | as long as short |
| Paradex MSFT-USD-PERP | −0.011% | +0.0050% | 8h | $220 | — | 5x | as long as short |
| Arcus MSFT-USD | −0.010% | +0.0573% | 1h | $112K | $75K | 10x | as long as short |
| Binance MSFTUSDT | −0.004% | 0.0000% | 8h | $15.6M | $17.2M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | −0.002% | 0.0000% | 8h | $3.0M | $2.1M | 20x | as long as short |
| SoDEX MSFT-USD | −0.002% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Variational Omni MSFT | −0.001% | 0.0000% | 8h | $1.3M | $704K | — | as long as short |
| HTX MSFT-USDTlong | 0.000% | 0.0000% | 8h | $58K | $232K | 20x | |
| Aevo MSFT-PERP | 0.000% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Extended MSFT_24_5-USD | +0.003% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.004% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Bybit MSFTUSDT | +0.006% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| Bitget MSFTUSDT | +0.006% | +0.0032% | 8h | $3.7M | $1.8M | 100x | as long as short |
| Lighter MSFT | +0.008% | +0.0072% | 1h | $1.1M | $539K | 20x | as long as short |
| QFEX MSFT-USD | +0.014% | +0.0044% | 1h | $1.2M | $5.0M | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.016% | −0.0056% | 1h | $685K | $364K | 10x | as long as short |
| Aster MSFTUSDT | +0.018% | 0.0000% | 8h | $156K | $86K | 20x | as long as short |
| edgeX MSFTUSDC | +0.030% | +0.0640% | 4h | $102K | $243K | 10x | as long as short |
| Phemex MSFTUSDT | +0.032% | 0.0000% | 8h | $2.1M | $674K | 10x | as long as short |
| BloFin MSFT-USDT | +0.040% | +0.0007% | 8h | $193K | $195K | 20x | as long as short |
| SunX MSFT-USDTshort | +0.148% | 0.0000% | 8h | $6K | $4.3M | 20x |