After costs, if the gap returns to its 7d average, $10k−$26
spread now+0.008%7d average+0.079%fees + slippage, in and out−$19spread needed0.191%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MSFT | 497.38 | 0.0032 | pay 0.0004% / 1h | 42m 57s | $659K | $2.1M | 20x |
| Short | BloFin MSFT-USDT | 497.42 | 0.0012 | get 0.0012% / 8h | 6h 42m | $191K | $174K | 20x |
Lighter RH MSFT
BloFin MSFT-USDTPrice 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
- $0.8
- Funding while held
- −$0.6
- Slippage, 4 orders
- −$7.1
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$18.89
- Spread needed to break even
- 0.191%
Slippage from Lighter RH: live order book, 1 min ago; BloFin: live order book, 54 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0020%
- Per $10,000 a day
- −$0.60
- 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 | 1.51 bp | 1.6 bp −$2 | 5.3 bp −$53 | 42.6 bp −$4,257 | doesn't fit |
| Sell BloFin live order book, 54 min ago | 1.01 bp | 8.3 bp −$8 | 11.8 bp −$118 | 25.5 bp −$2,553 | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International496.17cheapestApeX Omni496.58+0.083%Phoenix496.71+0.109%edgeX496.85+0.136%Variational Omni496.87+0.142%Injective496.91+0.149%KuCoin496.92+0.151%Ondo Perps497.07+0.181%Polymarket Perps497.07+0.181%tradeXYZ497.16+0.200%Hotstuff497.23+0.214%Gate497.29+0.226%Nado497.30+0.229%SoDEX497.36+0.240%Aster497.38+0.243%
Coinbase International
ApeX Omni
Phoenix
Variational Omni
Injective
KuCoin
Ondo Perps
Polymarket Perps
tradeXYZ
Hotstuff
Gate
Nado
SoDEX
AsterLighter RH497.38+0.244%
HTX497.39+0.246%OKX497.40+0.248%
HTX
OKXBloFin497.42+0.252%
Extended497.43+0.254%QFEX497.43+0.254%Vest497.43+0.254%Orderly497.44+0.256%Deribit497.45+0.258%Binance497.45+0.258%Aevo497.45+0.259%Paradex497.47+0.263%Arcus497.49+0.266%Bitget497.49+0.266%Bybit497.51+0.270%Phemex497.59+0.286%Lighter497.61+0.290%SunX498.19+0.407%
Extended
QFEX
Vest
Orderly
Deribit
Binance
Aevo
Paradex
Arcus
Bitget
Bybit
Phemex
Lighter
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.243% | −0.0056% | 1h | $668K | $343K | 10x | as long as short |
| ApeX Omni MSFTUSDT | −0.161% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Phoenix MSFT | −0.135% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| edgeX MSFTUSDC | −0.107% | +0.0804% | 4h | $101K | $245K | 10x | as long as short |
| Variational Omni MSFT | −0.102% | 0.0000% | 8h | $1.3M | $709K | — | as long as short |
| Injective MSFT/USDC PERP | −0.094% | +0.0220% | 1h | $114K | $125K | 30x | as long as short |
| KuCoin MSFTUSDTM | −0.092% | +0.0100% | 8h | $1.5M | $9K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.062% | +0.0050% | 1h | $503K | $437K | 15x | as long as short |
| Polymarket Perps MSFT-USD | −0.062% | +0.0050% | 1h | $301K | $443K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.044% | +0.0048% | 1h | $22.1M | $7.9M | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.030% | +0.0104% | 1h | $40K | — | 20x | as long as short |
| Gate MSFT_USDT | −0.018% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
| Nado MSFT-PERP | −0.015% | −0.0021% | 1h | $462K | $5K | 20x | as long as short |
| SoDEX MSFT-USD | −0.004% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Aster MSFTUSDT | −0.001% | 0.0000% | 8h | $156K | $80K | 20x | as long as short |
| Lighter RH MSFTlong | 0.000% | +0.0032% | 1h | $659K | $2.1M | 20x | |
| HTX MSFT-USDT | +0.002% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.004% | 0.0000% | 8h | $3.0M | $1.7M | 20x | as long as short |
| BloFin MSFT-USDTshort | +0.008% | +0.0012% | 8h | $191K | $174K | 20x | |
| Extended MSFT_24_5-USD | +0.010% | 0.0000% | 1h | $329K | $368K | 17x | as long as short |
| QFEX MSFT-USD | +0.010% | +0.0028% | 1h | $1.2M | $4.3M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.010% | +0.0046% | 1h | — | — | 25x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.012% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.014% | 0.0000% | 1h | $27K | $113K | 10x | as long as short |
| Binance MSFTUSDT | +0.014% | 0.0000% | 8h | $15.7M | $15.6M | 20x | as long as short |
| Aevo MSFT-PERP | +0.015% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.019% | +0.0050% | 8h | $219 | — | 5x | as long as short |
| Arcus MSFT-USD | +0.022% | +0.0577% | 1h | $111K | $54K | 10x | as long as short |
| Bitget MSFTUSDT | +0.022% | 0.0000% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Bybit MSFTUSDT | +0.026% | 0.0000% | 8h | $7.3M | $1.4M | 100x | as long as short |
| Phemex MSFTUSDT | +0.042% | 0.0000% | 8h | $2.1M | $592K | 10x | as long as short |
| Lighter MSFT | +0.046% | +0.0032% | 1h | $1.1M | $541K | 20x | as long as short |
| SunX MSFT-USDT | +0.163% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |