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−$155
spread now−0.039%7d average−0.028%fees + slippage, in and out−$154spread needed1.543%
Long on KuCoinShort on tradeXYZ
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MSFTUSDTM493.390.0100pay 0.0100% / 8h1h 19m$1.5M$6K20x
ShorttradeXYZ xyz:MSFT493.200.0050get 0.0006% / 1h19m 14s$23.1M$6.0M20x

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
−$3.85
Funding while held
−$1.5
Slippage, 4 orders
−$124.28
Fee KuCoin: 6 bp × 2 orders
−$12
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$159.63
Spread needed to break even
1.543%
Slippage from KuCoin: live order book, 3 min ago; tradeXYZ: live order book, 11 min ago.

Cost of waiting

funding view
Funding /8h
−0.0050%
Per $10,000 a day
−$1.50
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, 3 min ago23.72 bp56.8 bp −$57doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 11 min ago0.41 bp9.8 bp −$1011.2 bp −$112doesn't fitdoesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
Hotstuff493.08cheapestPolymarket Perps493.18+0.020%
tradeXYZ493.20+0.024%
Ondo Perps493.24+0.032%Vest493.27+0.039%Gate493.38+0.061%
KuCoin493.39+0.063%
ApeX Omni493.42+0.069%Coinbase International493.47+0.079%Nado493.53+0.091%Phoenix493.54+0.093%Paradex493.56+0.096%Orderly493.58+0.101%Injective493.58+0.101%Deribit493.60+0.105%Extended493.60+0.106%edgeX493.61+0.107%Aevo493.61+0.107%Arcus493.63+0.112%Bitget493.63+0.112%SoDEX493.71+0.128%Lighter RH493.73+0.132%OKX493.73+0.132%QFEX493.73+0.132%Aster493.76+0.137%HTX493.81+0.148%Bybit493.83+0.152%BloFin493.88+0.162%Lighter493.93+0.172%Binance493.95+0.177%Variational Omni494.00+0.187%Phemex494.51+0.290%SunX494.64+0.316%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hotstuff MSFT-PERP−0.063%−0.0856%1h$40K—20xas long as short
Polymarket Perps MSFT-USD−0.043%+0.0050%1h$288K$418K10xas long as short
tradeXYZ xyz:MSFTshort−0.039%+0.0050%1h$23.1M$6.0M20x
Ondo Perps MSFT-USD.P−0.030%+0.0050%1h$537K$372K15xas long as short
Vest MSFT-USD-PERP−0.024%+0.0046%1h——25xas long as short
Gate MSFT_USDT−0.002%0.0000%8h$3.0M$1.0M100xas long as short
KuCoin MSFTUSDTMlong0.000%+0.0100%8h$1.5M$6K20x
ApeX Omni MSFTUSDT+0.006%+0.0100%1h$157K$7K50xas long as short
Coinbase International MSFT-PERP-INTX+0.016%−0.0016%1h$662K$330K10xas long as short
Nado MSFT-PERP+0.028%−0.0017%1h$459K$4K20xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix MSFT+0.030%+0.0016%1h$10K$15K20xas long as short
Paradex MSFT-USD-PERP+0.033%+0.0052%8h$217—5xas long as short
Orderly PERP_MSFT_USDC_mythos+0.039%+0.0100%8h$8K—10xas long as short
Injective MSFT/USDC PERP+0.039%+0.0220%1h$113K$184K30xas long as short
Deribit MSFT_USDC-PERPETUAL+0.043%0.0000%1h$27K$100K10xas long as short
Extended MSFT_24_5-USD+0.043%0.0000%1h$329K$380K17xas long as short
edgeX MSFTUSDC+0.044%+0.0361%4h$100K$244K10xas long as short
Aevo MSFT-PERP+0.044%+0.0104%1h$54—10xas long as short
Arcus MSFT-USD+0.049%+0.0151%1h$112K$49K10xas long as short
Bitget MSFTUSDT+0.049%0.0000%8h$3.8M$1.5M100xas long as short
SoDEX MSFT-USD+0.065%+0.0050%1h$59K$3K10xas long as short
Lighter RH MSFT+0.069%+0.0032%1h$686K$2.2M20xas long as short
OKX MSFT-USDT-SWAP+0.069%0.0000%8h$3.0M$1.3M20xas long as short
QFEX MSFT-USD+0.069%+0.0038%1h$1.1M$3.2M10xas long as short
Aster MSFTUSDT+0.075%0.0000%8h$156K$63K20xas long as short
HTX MSFT-USDT+0.085%0.0000%8h$57K$230K20xas long as short
Bybit MSFTUSDT+0.089%0.0000%8h$7.2M$958K100xas long as short
BloFin MSFT-USDT+0.099%+0.0012%8h$191K$129K20xas long as short
Lighter MSFT+0.109%+0.0064%1h$1.1M$526K20xas long as short
Binance MSFTUSDT+0.114%0.0000%8h$15.8M$12.4M20xas long as short
Variational Omni MSFT+0.124%0.0000%8h$1.2M$696K—as long as short
Phemex MSFTUSDT+0.227%0.0000%8h$2.1M$440K10xas long as short
SunX MSFT-USDT+0.253%0.0000%8h$6K$3.6M20xas long as short