data as of
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Price arb /

MSFT

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After costs, if the gap returns to its 7d average, $10k−$145
spread now+0.032%7d average+0.047%fees + slippage, in and out−$144spread needed1.438%
Long on KuCoinShort on Nado
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MSFTUSDTM496.020.0100pay 0.0100% / 8h7h 12m$1.5M$9K20x
ShortNado MSFT-PERP496.180.0000pay 0.0000% / 1h12m 13s$461K$5K20x

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
$3.23
Funding while held
−$3.01
Slippage, 4 orders
−$124.75
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$143.52
Spread needed to break even
1.438%
Slippage from KuCoin: live order book, 10 min ago; Nado: live order book, 32 min ago.

Cost of waiting

funding view
Funding /8h
−0.0100%
Per $10,000 a day
−$3.01
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, 10 min ago8.79 bp68.4 bp −$68doesn't fitdoesn't fitdoesn't fit
Sell Nado live order book, 32 min ago1.01 bp4.7 bp −$513.8 bp −$138doesn't fitdoesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni495.49cheapestPhoenix495.59+0.020%edgeX495.73+0.048%Injective495.84+0.071%Variational Omni495.87+0.077%
KuCoin496.02+0.107%
Ondo Perps496.12+0.127%
Nado496.18+0.139%
Hotstuff496.19+0.141%Polymarket Perps496.19+0.141%BloFin496.24+0.151%tradeXYZ496.33+0.170%Gate496.33+0.170%Vest496.37+0.178%Coinbase International496.40+0.184%Paradex496.41+0.186%Bybit496.45+0.194%HTX496.45+0.194%OKX496.48+0.200%QFEX496.49+0.202%SoDEX496.52+0.208%Aevo496.57+0.218%Lighter RH496.58+0.220%Deribit496.58+0.220%Phemex496.60+0.224%Arcus496.62+0.228%Orderly496.62+0.228%Binance496.64+0.232%Bitget496.65+0.234%Extended496.70+0.244%Aster496.74+0.252%Lighter496.76+0.256%SunX497.42+0.390%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni MSFTUSDT−0.107%+0.0100%1h$158K$7K50xas long as short
Phoenix MSFT−0.087%+0.0065%1h$10K$15K20xas long as short
edgeX MSFTUSDC−0.058%+0.0618%4h$101K$245K10xas long as short
Injective MSFT/USDC PERP−0.036%+0.0220%1h$114K$154K30xas long as short
Variational Omni MSFT−0.030%0.0000%8h$1.2M$708K—as long as short
KuCoin MSFTUSDTMlong0.000%+0.0100%8h$1.5M$9K20x
Ondo Perps MSFT-USD.P+0.020%+0.0050%1h$513K$419K15xas long as short
Nado MSFT-PERPshort+0.032%0.0000%1h$461K$5K20x
Hotstuff MSFT-PERP+0.034%−0.1600%1h$40K—20xas long as short
Polymarket Perps MSFT-USD+0.034%+0.0050%1h$301K$468K10xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin MSFT-USDT+0.044%+0.0012%8h$190K$168K20xas long as short
tradeXYZ xyz:MSFT+0.062%+0.0050%1h$22.2M$7.8M20xas long as short
Gate MSFT_USDT+0.062%0.0000%8h$3.1M$1.3M100xas long as short
Vest MSFT-USD-PERP+0.071%+0.0046%1h——25xas long as short
Coinbase International MSFT-PERP-INTX+0.077%0.0000%1h$669K$342K10xas long as short
Paradex MSFT-USD-PERP+0.079%+0.0050%8h$218—5xas long as short
Bybit MSFTUSDT+0.087%0.0000%8h$7.3M$1.4M100xas long as short
HTX MSFT-USDT+0.087%0.0000%8h$58K$231K20xas long as short
OKX MSFT-USDT-SWAP+0.093%0.0000%8h$3.0M$1.6M20xas long as short
QFEX MSFT-USD+0.095%+0.0042%1h$1.2M$4.1M10xas long as short
SoDEX MSFT-USD+0.101%+0.0050%1h$60K$3K10xas long as short
Aevo MSFT-PERP+0.111%+0.0104%1h$55—10xas long as short
Lighter RH MSFT+0.113%+0.0032%1h$655K$2.1M20xas long as short
Deribit MSFT_USDC-PERPETUAL+0.113%0.0000%1h$27K$112K10xas long as short
Phemex MSFTUSDT+0.117%0.0000%8h$2.1M$571K10xas long as short
Arcus MSFT-USD+0.121%+0.0442%1h$112K$52K10xas long as short
Orderly PERP_MSFT_USDC_mythos+0.121%+0.0100%8h$8K—10xas long as short
Binance MSFTUSDT+0.125%+0.0006%8h$15.7M$15.1M20xas long as short
Bitget MSFTUSDT+0.127%0.0000%8h$3.6M$1.7M100xas long as short
Extended MSFT_24_5-USD+0.137%+0.0008%1h$329K$380K17xas long as short
Aster MSFTUSDT+0.145%0.0000%8h$156K$80K20xas long as short
Lighter MSFT+0.149%+0.0032%1h$1.1M$540K20xas long as short
SunX MSFT-USDT+0.282%0.0000%8h$6K$4.4M20xas long as short