After costs, if the gap returns to its 7d average, $10k−$26
spread now+0.024%7d average+0.072%fees + slippage, in and out−$21spread needed0.212%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MSFT | 494.50 | 0.0032 | pay 0.0004% / 1h | 33m 47s | $693K | $2.1M | 20x |
| Short | Bitget MSFTUSDT | 494.62 | 0 | get 0.0000% / 8h | 1h 33m | $3.8M | $1.5M | 100x |
Lighter RH MSFT
Bitget 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
- $2.43
- Funding while held
- −$0.96
- Slippage, 4 orders
- −$9.16
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$19.69
- Spread needed to break even
- 0.212%
Slippage from Lighter RH: live order book, 6 min ago; Bitget: live order book, just now.
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, 6 min ago | 1.62 bp | 2.0 bp −$2 | 6.5 bp −$65 | doesn't fit | doesn't fit |
| Sell Bitget live order book, just now | 1.21 bp | 9.2 bp −$9 | 12.7 bp −$127 | 38.7 bp −$3,873 | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Polymarket Perps493.91cheapestVest494.07+0.032%KuCoin494.10+0.038%Nado494.15+0.049%tradeXYZ494.17+0.053%Ondo Perps494.23+0.065%Arcus494.24+0.067%Hotstuff494.31+0.081%Deribit494.36+0.091%Paradex494.36+0.092%Orderly494.41+0.101%Gate494.42+0.103%ApeX Omni494.45+0.109%Phoenix494.48+0.115%
Polymarket Perps
Vest
KuCoin
Nado
tradeXYZ
Ondo Perps
Arcus
Hotstuff
Deribit
Paradex
Orderly
Gate
ApeX Omni
PhoenixLighter RH494.50+0.119%
Extended494.50+0.120%QFEX494.51+0.121%Aevo494.52+0.124%Bybit494.55+0.130%SoDEX494.60+0.140%
Extended
QFEX
Aevo
Bybit
SoDEXBitget494.62+0.144%
HTX494.64+0.148%Binance494.70+0.159%Lighter494.72+0.164%OKX494.72+0.164%Aster494.74+0.168%edgeX494.75+0.170%BloFin494.78+0.176%Variational Omni494.86+0.193%Phemex495.14+0.249%Injective495.17+0.255%Coinbase International495.20+0.261%SunX495.64+0.350%
HTX
Binance
Lighter
OKX
Aster
BloFin
Variational Omni
Phemex
Injective
Coinbase International
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MSFT-USD | −0.119% | +0.0050% | 1h | $291K | $411K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.087% | +0.0046% | 1h | — | — | 25x | as long as short |
| KuCoin MSFTUSDTM | −0.081% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| Nado MSFT-PERP | −0.070% | −0.0017% | 1h | $459K | $3K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.067% | +0.0050% | 1h | $23.2M | $5.9M | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.055% | +0.0050% | 1h | $539K | $369K | 15x | as long as short |
| Arcus MSFT-USD | −0.053% | +0.0151% | 1h | $112K | $49K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.038% | −0.1584% | 1h | $40K | — | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.028% | 0.0000% | 1h | $27K | $97K | 10x | as long as short |
| Paradex MSFT-USD-PERP | −0.028% | +0.0052% | 8h | $218 | — | 5x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_MSFT_USDC_mythos | −0.018% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Gate MSFT_USDT | −0.016% | 0.0000% | 8h | $3.1M | $961K | 100x | as long as short |
| ApeX Omni MSFTUSDT | −0.010% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Phoenix MSFT | −0.004% | +0.0016% | 1h | $10K | $15K | 20x | as long as short |
| Lighter RH MSFTlong | 0.000% | +0.0032% | 1h | $693K | $2.1M | 20x | |
| Extended MSFT_24_5-USD | 0.000% | 0.0000% | 1h | $329K | $380K | 17x | as long as short |
| QFEX MSFT-USD | +0.002% | +0.0038% | 1h | $1.1M | $3.1M | 10x | as long as short |
| Aevo MSFT-PERP | +0.005% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Bybit MSFTUSDT | +0.010% | 0.0000% | 8h | $7.2M | $923K | 100x | as long as short |
| SoDEX MSFT-USD | +0.020% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Bitget MSFTUSDTshort | +0.024% | 0.0000% | 8h | $3.8M | $1.5M | 100x | |
| HTX MSFT-USDT | +0.028% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| Binance MSFTUSDT | +0.040% | 0.0000% | 8h | $15.7M | $11.9M | 20x | as long as short |
| Lighter MSFT | +0.044% | +0.0032% | 1h | $1.1M | $522K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.044% | 0.0000% | 8h | $3.0M | $889K | 20x | as long as short |
| Aster MSFTUSDT | +0.049% | 0.0000% | 8h | $153K | $57K | 20x | as long as short |
| edgeX MSFTUSDC | +0.051% | −0.0010% | 4h | $101K | $244K | 10x | as long as short |
| BloFin MSFT-USDT | +0.057% | +0.0026% | 8h | $191K | $123K | 20x | as long as short |
| Variational Omni MSFT | +0.074% | 0.0000% | 8h | $1.3M | $652K | — | as long as short |
| Phemex MSFTUSDT | +0.129% | 0.0000% | 8h | $2.1M | $418K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.135% | +0.0220% | 1h | $158K | $140K | 30x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.142% | −0.0016% | 1h | $666K | $327K | 10x | as long as short |
| SunX MSFT-USDT | +0.231% | 0.0000% | 8h | $6K | $3.4M | 20x | as long as short |