data as of
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Price arb /

MSFT

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$164
spread now−0.018%7d average−0.043%fees + slippage, in and out−$166spread needed1.663%
Long on KuCoinShort on Coinbase International
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MSFTUSDTM493.560.0100pay 0.0100% / 8h1h 22m$1.5M$6K20x
ShortCoinbase International MSFT-PERP-INTX493.47−0.0016pay 0.0002% / 1h22m 33s$662K$330K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$1.82
Funding while held
−$3.48
Slippage, 4 orders
−$144.32
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$171.62
Spread needed to break even
1.663%
Slippage from KuCoin: live order book, 9 min ago; Coinbase International: live order book, 32 min ago.

Cost of waiting

funding view
Funding /8h
−0.0116%
Per $10,000 a day
−$3.48
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 9 min ago19.64 bp65.7 bp −$66doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 32 min ago3.43 bp9.2 bp −$911.9 bp −$119doesn't fitdoesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
Polymarket Perps493.15cheapestVest493.23+0.016%Nado493.29+0.029%Ondo Perps493.38+0.047%tradeXYZ493.42+0.055%ApeX Omni493.47+0.065%
Coinbase International493.47+0.065%
Hotstuff493.51+0.073%
KuCoin493.56+0.083%
Injective493.58+0.087%HTX493.61+0.093%Orderly493.66+0.103%Gate493.68+0.107%SoDEX493.70+0.112%Lighter RH493.71+0.114%Paradex493.71+0.115%Deribit493.74+0.120%QFEX493.77+0.126%Arcus493.78+0.128%Phoenix493.79+0.130%Aevo493.81+0.133%Extended493.81+0.135%Aster493.82+0.136%Bitget493.84+0.140%Bybit493.86+0.144%OKX493.86+0.144%Lighter493.91+0.154%Binance493.98+0.168%BloFin493.98+0.168%edgeX494.04+0.180%Phemex494.47+0.268%Variational Omni494.75+0.325%SunX494.82+0.339%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps MSFT-USD−0.083%+0.0050%1h$288K$418K10xas long as short
Vest MSFT-USD-PERP−0.067%+0.0046%1h——25xas long as short
Nado MSFT-PERP−0.054%−0.0016%1h$458K$3K20xas long as short
Ondo Perps MSFT-USD.P−0.036%+0.0050%1h$539K$372K15xas long as short
tradeXYZ xyz:MSFT−0.028%+0.0050%1h$23.1M$5.9M20xas long as short
ApeX Omni MSFTUSDT−0.018%+0.0100%1h$157K$7K50xas long as short
Coinbase International MSFT-PERP-INTXshort−0.018%−0.0016%1h$662K$330K10x
Hotstuff MSFT-PERP−0.010%−0.0856%1h$40K—20xas long as short
KuCoin MSFTUSDTMlong0.000%+0.0100%8h$1.5M$6K20x
Injective MSFT/USDC PERP+0.004%+0.0220%1h$113K$184K30xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX MSFT-USDT+0.010%0.0000%8h$57K$230K20xas long as short
Orderly PERP_MSFT_USDC_mythos+0.020%+0.0100%8h$8K—10xas long as short
Gate MSFT_USDT+0.024%0.0000%8h$3.0M$982K100xas long as short
SoDEX MSFT-USD+0.028%+0.0050%1h$59K$3K10xas long as short
Lighter RH MSFT+0.030%+0.0032%1h$687K$2.1M20xas long as short
Paradex MSFT-USD-PERP+0.031%+0.0052%8h$217—5xas long as short
Deribit MSFT_USDC-PERPETUAL+0.036%+0.0013%1h$27K$99K10xas long as short
QFEX MSFT-USD+0.043%+0.0038%1h$1.1M$3.2M10xas long as short
Arcus MSFT-USD+0.045%+0.0151%1h$112K$49K10xas long as short
Phoenix MSFT+0.047%+0.0016%1h$10K$15K20xas long as short
Aevo MSFT-PERP+0.050%+0.0104%1h$54—10xas long as short
Extended MSFT_24_5-USD+0.052%0.0000%1h$329K$380K17xas long as short
Aster MSFTUSDT+0.053%0.0000%8h$156K$63K20xas long as short
Bitget MSFTUSDT+0.057%0.0000%8h$3.8M$1.5M100xas long as short
Bybit MSFTUSDT+0.061%0.0000%8h$7.2M$957K100xas long as short
OKX MSFT-USDT-SWAP+0.061%0.0000%8h$3.0M$1.3M20xas long as short
Lighter MSFT+0.071%+0.0056%1h$1.1M$525K20xas long as short
Binance MSFTUSDT+0.085%0.0000%8h$15.7M$12.3M20xas long as short
BloFin MSFT-USDT+0.085%−0.0027%8h$191K$128K20xas long as short
edgeX MSFTUSDC+0.097%−0.0271%4h$101K$243K10xas long as short
Phemex MSFTUSDT+0.184%0.0000%8h$2.1M$433K10xas long as short
Variational Omni MSFT+0.242%0.0000%8h$1.2M$721K—as long as short
SunX MSFT-USDT+0.255%0.0000%8h$6K$3.6M20xas long as short