After costs, if the gap returns to its 7d average, $10k−$139
spread now+0.111%7d average+0.100%fees + slippage, in and out−$140spread needed1.401%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSFTUSDTM | 494.99 | 0.0100 | pay 0.0100% / 8h | 2h 29m | $1.5M | $6K | 20x |
| Short | Binance MSFTUSDT | 495.54 | 0 | get 0.0000% / 8h | 2h 29m | $15.8M | $7.4M | 20x |
KuCoin MSFTUSDTM
Binance 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
- $11.1
- Funding while held
- −$3
- Slippage, 4 orders
- −$118.12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$132.02
- Spread needed to break even
- 1.401%
Slippage from KuCoin: live order book, 3 min ago; Binance: live order book, 13 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 KuCoin live order book, 3 min ago | 8.69 bp | 71.2 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.10 bp | 5.5 bp −$5 | 10.2 bp −$102 | 36.0 bp −$3,602 | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Hotstuff494.60cheapestPhoenix494.80+0.040%Coinbase International494.81+0.042%Variational Omni494.92+0.064%
Hotstuff
Phoenix
Coinbase International
Variational OmniKuCoin494.99+0.079%
Lighter RH495.10+0.101%Gate495.15+0.111%Deribit495.16+0.113%ApeX Omni495.17+0.115%Lighter495.22+0.125%edgeX495.22+0.125%Orderly495.25+0.131%Aevo495.26+0.133%SoDEX495.29+0.140%HTX495.29+0.140%tradeXYZ495.31+0.144%Polymarket Perps495.37+0.156%Injective495.37+0.156%Ondo Perps495.44+0.170%Arcus495.52+0.186%
Lighter RH
Gate
Deribit
ApeX Omni
Lighter
Orderly
Aevo
SoDEX
HTX
tradeXYZ
Polymarket Perps
Injective
Ondo Perps
ArcusBinance495.54+0.190%
QFEX495.56+0.194%Bybit495.58+0.198%Extended495.59+0.199%Bitget495.59+0.200%Vest495.60+0.202%Phemex495.60+0.202%OKX495.63+0.208%Aster495.64+0.210%Paradex495.68+0.219%Nado495.72+0.227%BloFin496.04+0.291%SunX496.15+0.313%
QFEX
Bybit
Extended
Bitget
Vest
Phemex
OKX
Aster
Paradex
Nado
BloFin
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.079% | −0.1600% | 1h | $40K | — | 20x | as long as short |
| Phoenix MSFT | −0.038% | +0.0032% | 1h | $10K | $15K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.036% | −0.0008% | 1h | $663K | $319K | 10x | as long as short |
| Variational Omni MSFT | −0.014% | 0.0000% | 8h | $1.3M | $620K | — | as long as short |
| KuCoin MSFTUSDTMlong | 0.000% | +0.0100% | 8h | $1.5M | $6K | 20x | |
| Lighter RH MSFT | +0.022% | +0.0032% | 1h | $673K | $2.6M | 20x | as long as short |
| Gate MSFT_USDT | +0.032% | 0.0000% | 8h | $3.0M | $794K | 100x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.034% | 0.0000% | 1h | $23K | $89K | 10x | as long as short |
| ApeX Omni MSFTUSDT | +0.036% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Lighter MSFT | +0.046% | +0.0032% | 1h | $1.1M | $465K | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | +0.046% | +0.0318% | 4h | $101K | $244K | 10x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.053% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.054% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| SoDEX MSFT-USD | +0.061% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| HTX MSFT-USDT | +0.061% | 0.0000% | 8h | $57K | $231K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.065% | +0.0050% | 1h | $23.3M | $5.3M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.077% | +0.0050% | 1h | $300K | $234K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.077% | +0.0220% | 1h | $113K | $173K | 30x | as long as short |
| Ondo Perps MSFT-USD.P | +0.091% | +0.0050% | 1h | $530K | $326K | 15x | as long as short |
| Arcus MSFT-USD | +0.107% | +0.0298% | 1h | $113K | $49K | 10x | as long as short |
| Binance MSFTUSDTshort | +0.111% | 0.0000% | 8h | $15.8M | $7.4M | 20x | |
| QFEX MSFT-USD | +0.115% | +0.0038% | 1h | $1.2M | $2.9M | 10x | as long as short |
| Bybit MSFTUSDT | +0.119% | 0.0000% | 8h | $7.2M | $714K | 100x | as long as short |
| Extended MSFT_24_5-USD | +0.120% | 0.0000% | 1h | $335K | $365K | 17x | as long as short |
| Bitget MSFTUSDT | +0.121% | 0.0000% | 8h | $3.6M | $1.1M | 100x | as long as short |
| Vest MSFT-USD-PERP | +0.123% | +0.0046% | 1h | — | — | 25x | as long as short |
| Phemex MSFTUSDT | +0.123% | 0.0000% | 8h | $2.0M | $347K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.129% | 0.0000% | 8h | $2.9M | $407K | 20x | as long as short |
| Aster MSFTUSDT | +0.131% | 0.0000% | 8h | $150K | $4K | 20x | as long as short |
| Paradex MSFT-USD-PERP | +0.140% | +0.0051% | 8h | $218 | — | 5x | as long as short |
| Nado MSFT-PERP | +0.148% | −0.0011% | 1h | $461K | $1K | 20x | as long as short |
| BloFin MSFT-USDT | +0.212% | −0.0014% | 8h | $190K | $104K | 20x | as long as short |
| SunX MSFT-USDT | +0.234% | 0.0000% | 8h | $6K | $2.3M | 20x | as long as short |