After costs, if the gap returns to its 7d average, $10k−$175
spread now+0.112%7d average+0.043%fees + slippage, in and out−$182spread needed1.820%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSFTUSDTM | 493.20 | 0.0100 | pay 0.0100% / 8h | 7h 37m | $1.5M | $7K | 20x |
| Short | Arcus MSFT-USD | 493.75 | 0.0442 | get 0.0055% / 1h | 37m 26s | $112K | $50K | 10x |
KuCoin MSFTUSDTM
Arcus MSFT-USDPrice 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
- $11.15
- Funding while held
- $10.27
- Slippage, 4 orders
- −$165.48
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$160.57
- Spread needed to break even
- 1.820%
Slippage from KuCoin: live order book, 5 min ago; Arcus: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0342%
- Per $10,000 a day
- +$10.27
- 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 KuCoin live order book, 5 min ago | 6.59 bp | 93.8 bp −$94 | doesn't fit | doesn't fit | doesn't fit |
| Sell Arcus live order book, 7 min ago | 0.71 bp | 3.0 bp −$3 | 7.4 bp −$74 | 13.8 bp −$1,376 | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International493.02cheapest
Coinbase InternationalKuCoin493.20+0.037%
tradeXYZ493.43+0.083%Polymarket Perps493.43+0.083%Vest493.46+0.089%Nado493.47+0.091%Hotstuff493.50+0.097%Gate493.54+0.105%Ondo Perps493.61+0.120%Lighter RH493.64+0.126%Paradex493.64+0.127%Deribit493.69+0.136%Bybit493.74+0.146%Bitget493.74+0.146%Extended493.75+0.148%OKX493.75+0.148%
tradeXYZ
Polymarket Perps
Vest
Nado
Hotstuff
Gate
Ondo Perps
Lighter RH
Paradex
Deribit
Bybit
Bitget
Extended
OKXArcus493.75+0.148%
HTX493.75+0.148%ApeX Omni493.76+0.150%SoDEX493.77+0.152%Lighter493.78+0.154%Binance493.78+0.154%Orderly493.78+0.154%QFEX493.83+0.164%Aevo493.88+0.174%Phoenix493.97+0.193%Phemex494.00+0.199%BloFin494.08+0.215%edgeX494.08+0.216%Variational Omni494.09+0.217%Aster494.32+0.264%Injective494.42+0.284%SunX494.64+0.329%
HTX
ApeX Omni
SoDEX
Lighter
Binance
Orderly
QFEX
Aevo
Phoenix
Phemex
BloFin
Variational Omni
Aster
Injective
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 | −0.036% | 0.0000% | 1h | $664K | $337K | 10x | as long as short |
| KuCoin MSFTUSDTMlong | 0.000% | +0.0100% | 8h | $1.5M | $7K | 20x | |
| tradeXYZ xyz:MSFT | +0.047% | +0.0050% | 1h | $22.1M | $7.7M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.047% | +0.0050% | 1h | $288K | $479K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.053% | +0.0046% | 1h | — | — | 25x | as long as short |
| Nado MSFT-PERP | +0.055% | −0.0012% | 1h | $458K | $5K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.061% | −0.0008% | 1h | $40K | — | 20x | as long as short |
| Gate MSFT_USDT | +0.069% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
| Ondo Perps MSFT-USD.P | +0.083% | +0.0050% | 1h | $533K | $384K | 15x | as long as short |
| Lighter RH MSFT | +0.089% | +0.0032% | 1h | $655K | $2.1M | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MSFT-USD-PERP | +0.090% | +0.0051% | 8h | $217 | — | 5x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.099% | 0.0000% | 1h | $27K | $110K | 10x | as long as short |
| Bybit MSFTUSDT | +0.109% | 0.0000% | 8h | $7.4M | $1.2M | 100x | as long as short |
| Bitget MSFTUSDT | +0.109% | +0.0003% | 8h | $3.7M | $1.6M | 100x | as long as short |
| Extended MSFT_24_5-USD | +0.111% | +0.0016% | 1h | $327K | $380K | 17x | as long as short |
| OKX MSFT-USDT-SWAP | +0.112% | 0.0000% | 8h | $3.1M | $1.5M | 20x | as long as short |
| Arcus MSFT-USDshort | +0.112% | +0.0442% | 1h | $112K | $50K | 10x | |
| HTX MSFT-USDT | +0.112% | 0.0000% | 8h | $58K | $232K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.114% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| SoDEX MSFT-USD | +0.116% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Lighter MSFT | +0.118% | +0.0032% | 1h | $1.1M | $536K | 20x | as long as short |
| Binance MSFTUSDT | +0.118% | +0.0013% | 8h | $15.6M | $14.6M | 20x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.118% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| QFEX MSFT-USD | +0.128% | +0.0042% | 1h | $1.1M | $3.9M | 10x | as long as short |
| Aevo MSFT-PERP | +0.137% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Phoenix MSFT | +0.156% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| Phemex MSFTUSDT | +0.162% | 0.0000% | 8h | $2.1M | $540K | 10x | as long as short |
| BloFin MSFT-USDT | +0.178% | +0.0001% | 8h | $195K | $161K | 20x | as long as short |
| edgeX MSFTUSDC | +0.179% | −0.0775% | 4h | $101K | $244K | 10x | as long as short |
| Variational Omni MSFT | +0.180% | 0.0000% | 8h | $1.2M | $705K | — | as long as short |
| Aster MSFTUSDT | +0.228% | 0.0000% | 8h | $155K | $80K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.247% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| SunX MSFT-USDT | +0.292% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |