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−$20
spread now−0.028%7d average−0.018%fees + slippage, in and out−$19spread needed0.187%
Long on LighterShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MSFT499.210.0072pay 0.0009% / 1h8m 41s$1.1M$545K20x
ShortDeribit MSFT_USDC-PERPETUAL499.070get 0.0000% / 1h8m 41s$27K$114K10x

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
−$2.8
Funding while held
−$2.16
Slippage, 4 orders
−$11.73
Fee Lighter: 0 bp × 2 orders
$0
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$23.7
Spread needed to break even
0.187%
Slippage from Lighter: live order book, 4 min ago; Deribit: live order book, 47 min ago.

Cost of waiting

funding view
Funding /8h
−0.0072%
Per $10,000 a day
−$2.16
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 Lighter live order book, 4 min ago0.60 bp2.1 bp −$23.2 bp −$32doesn't fitdoesn't fit
Sell Deribit live order book, 47 min ago0.10 bp11.5 bp −$1213.1 bp −$131doesn't fitdoesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
KuCoin498.73cheapestInjective498.75+0.004%Polymarket Perps498.84+0.022%tradeXYZ498.89+0.032%Ondo Perps498.92+0.038%Gate498.92+0.038%Nado499.03+0.059%ApeX Omni499.05+0.064%Lighter RH499.07+0.068%
Deribit499.07+0.068%
HTX499.12+0.078%Extended499.12+0.078%Binance499.13+0.080%Paradex499.16+0.086%Arcus499.16+0.086%Bitget499.16+0.086%OKX499.17+0.088%Hotstuff499.17+0.088%SoDEX499.19+0.092%
Lighter499.21+0.096%
Vest499.21+0.096%Bybit499.22+0.098%Aevo499.25+0.103%Orderly499.27+0.108%Variational Omni499.29+0.112%BloFin499.31+0.116%Phoenix499.33+0.120%Phemex499.33+0.120%Aster499.35+0.125%QFEX499.36+0.126%Coinbase International499.37+0.128%edgeX499.44+0.143%SunX500.02+0.259%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin MSFTUSDTM−0.096%+0.0100%8h$1.5M$11K20xas long as short
Injective MSFT/USDC PERP−0.092%+0.0220%1h$114K$88K30xas long as short
Polymarket Perps MSFT-USD−0.074%+0.0050%1h$302K$444K10xas long as short
tradeXYZ xyz:MSFT−0.064%+0.0050%1h$22.2M$8.9M20xas long as short
Ondo Perps MSFT-USD.P−0.058%+0.0050%1h$510K$453K15xas long as short
Gate MSFT_USDT−0.058%0.0000%8h$3.0M$1.4M100xas long as short
Nado MSFT-PERP−0.037%−0.0003%1h$446K$25K20xas long as short
ApeX Omni MSFTUSDT−0.032%+0.0100%1h$159K$7K50xas long as short
Lighter RH MSFT−0.028%+0.0032%1h$654K$2.1M20xas long as short
Deribit MSFT_USDC-PERPETUALshort−0.028%0.0000%1h$27K$114K10x
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX MSFT-USDT−0.018%0.0000%8h$58K$232K20xas long as short
Extended MSFT_24_5-USD−0.018%0.0000%1h$372K$410K17xas long as short
Binance MSFTUSDT−0.016%0.0000%8h$15.6M$17.2M20xas long as short
Paradex MSFT-USD-PERP−0.010%+0.0050%8h$220—5xas long as short
Arcus MSFT-USD−0.010%+0.0573%1h$112K$75K10xas long as short
Bitget MSFTUSDT−0.010%+0.0032%8h$3.7M$1.8M100xas long as short
OKX MSFT-USDT-SWAP−0.008%0.0000%8h$3.0M$2.1M20xas long as short
Hotstuff MSFT-PERP−0.008%+0.0176%1h$40K—20xas long as short
SoDEX MSFT-USD−0.004%+0.0050%1h$60K$3K10xas long as short
Lighter MSFTlong0.000%+0.0072%1h$1.1M$545K20x
Vest MSFT-USD-PERP0.000%+0.0046%1h——25xas long as short
Bybit MSFTUSDT+0.002%0.0000%8h$7.3M$1.5M100xas long as short
Aevo MSFT-PERP+0.007%+0.0104%1h$55—10xas long as short
Orderly PERP_MSFT_USDC_mythos+0.012%+0.0100%8h$8K—10xas long as short
Variational Omni MSFT+0.016%0.0000%8h$1.3M$704K—as long as short
BloFin MSFT-USDT+0.020%+0.0029%8h$192K$195K20xas long as short
Phoenix MSFT+0.024%+0.0048%1h$10K$15K20xas long as short
Phemex MSFTUSDT+0.024%0.0000%8h$2.1M$676K10xas long as short
Aster MSFTUSDT+0.028%0.0000%8h$156K$86K20xas long as short
QFEX MSFT-USD+0.030%+0.0044%1h$1.2M$5.0M10xas long as short
Coinbase International MSFT-PERP-INTX+0.032%−0.0056%1h$685K$364K10xas long as short
edgeX MSFTUSDC+0.046%+0.0640%4h$102K$243K10xas long as short
SunX MSFT-USDT+0.162%0.0000%8h$6K$4.3M20xas long as short