After costs, if the gap returns to its 7d average, $10k−$19
spread now+0.055%7d average+0.082%fees + slippage, in and out−$16spread needed0.165%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MSFT | 494.47 | 0.0032 | pay 0.0004% / 1h | 33m 04s | $693K | $2.1M | 20x |
| Short | Aster MSFTUSDT | 494.74 | 0 | get 0.0000% / 8h | 1h 33m | $153K | $57K | 20x |
Lighter RH MSFT
Aster 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
- $5.46
- Funding while held
- −$0.96
- Slippage, 4 orders
- −$8.46
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$11.96
- Spread needed to break even
- 0.165%
Slippage from Lighter RH: live order book, 1 min ago; Aster: live order book, 20 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0032%
- Per $10,000 a day
- −$0.96
- 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 Lighter RH live order book, 1 min ago | 1.62 bp | 1.6 bp −$2 | 6.2 bp −$62 | 42.0 bp −$4,204 | doesn't fit |
| Sell Aster live order book, 20 min ago | 0.81 bp | 5.6 bp −$6 | 46.2 bp −$462 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps493.97cheapestPolymarket Perps494.13+0.032%Hotstuff494.14+0.034%KuCoin494.14+0.034%ApeX Omni494.17+0.040%tradeXYZ494.25+0.057%Vest494.25+0.057%Nado494.33+0.072%Deribit494.44+0.095%Arcus494.45+0.097%
Ondo Perps
Polymarket Perps
Hotstuff
KuCoin
ApeX Omni
tradeXYZ
Vest
Nado
Deribit
ArcusLighter RH494.47+0.101%
Phoenix494.48+0.103%Gate494.50+0.107%Paradex494.51+0.109%Bybit494.56+0.119%Orderly494.56+0.119%QFEX494.58+0.123%HTX494.59+0.126%Extended494.60+0.127%SoDEX494.60+0.128%Aevo494.63+0.134%Bitget494.69+0.146%Binance494.70+0.148%
Phoenix
Gate
Paradex
Bybit
Orderly
QFEX
HTX
Extended
SoDEX
Aevo
Bitget
BinanceAster494.74+0.156%
Injective494.74+0.156%Lighter494.75+0.158%edgeX494.79+0.165%OKX494.80+0.168%BloFin494.81+0.170%Variational Omni494.86+0.181%Phemex495.08+0.225%Coinbase International495.20+0.249%SunX495.65+0.340%
Injective
Lighter
OKX
BloFin
Variational Omni
Phemex
Coinbase International
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSFT-USD.P | −0.101% | +0.0050% | 1h | $539K | $369K | 15x | as long as short |
| Polymarket Perps MSFT-USD | −0.069% | +0.0050% | 1h | $291K | $411K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.067% | −0.1552% | 1h | $40K | — | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.067% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.061% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| tradeXYZ xyz:MSFT | −0.044% | +0.0050% | 1h | $23.2M | $5.9M | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.044% | +0.0046% | 1h | — | — | 25x | as long as short |
| Nado MSFT-PERP | −0.029% | −0.0017% | 1h | $459K | $3K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.006% | 0.0000% | 1h | $27K | $97K | 10x | as long as short |
| Arcus MSFT-USD | −0.004% | +0.0151% | 1h | $112K | $49K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH MSFTlong | 0.000% | +0.0032% | 1h | $693K | $2.1M | 20x | |
| Phoenix MSFT | +0.002% | +0.0016% | 1h | $10K | $15K | 20x | as long as short |
| Gate MSFT_USDT | +0.006% | 0.0000% | 8h | $3.1M | $962K | 100x | as long as short |
| Paradex MSFT-USD-PERP | +0.007% | +0.0053% | 8h | $218 | — | 5x | as long as short |
| Bybit MSFTUSDT | +0.018% | 0.0000% | 8h | $7.2M | $923K | 100x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.018% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| QFEX MSFT-USD | +0.022% | +0.0038% | 1h | $1.1M | $3.1M | 10x | as long as short |
| HTX MSFT-USDT | +0.024% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.026% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| SoDEX MSFT-USD | +0.026% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Aevo MSFT-PERP | +0.033% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Bitget MSFTUSDT | +0.044% | 0.0000% | 8h | $3.8M | $1.5M | 100x | as long as short |
| Binance MSFTUSDT | +0.047% | 0.0000% | 8h | $15.7M | $11.9M | 20x | as long as short |
| Aster MSFTUSDTshort | +0.055% | 0.0000% | 8h | $153K | $57K | 20x | |
| Injective MSFT/USDC PERP | +0.055% | +0.0220% | 1h | $113K | $184K | 30x | as long as short |
| Lighter MSFT | +0.057% | +0.0032% | 1h | $1.1M | $522K | 20x | as long as short |
| edgeX MSFTUSDC | +0.064% | −0.0352% | 4h | $101K | $244K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.067% | 0.0000% | 8h | $3.0M | $889K | 20x | as long as short |
| BloFin MSFT-USDT | +0.069% | +0.0021% | 8h | $191K | $123K | 20x | as long as short |
| Variational Omni MSFT | +0.080% | 0.0000% | 8h | $1.3M | $652K | — | as long as short |
| Phemex MSFTUSDT | +0.123% | 0.0000% | 8h | $2.1M | $419K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.148% | −0.0016% | 1h | $666K | $327K | 10x | as long as short |
| SunX MSFT-USDT | +0.239% | 0.0000% | 8h | $6K | $3.4M | 20x | as long as short |