After costs, if the gap returns to its 7d average, $10k−$28
spread now−0.014%7d average+0.053%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 | 492.29 | 0.0032 | pay 0.0004% / 1h | 23m 31s | $655K | $2.1M | 20x |
| Short | HTX MSFT-USDT | 492.22 | 0 | get 0.0000% / 8h | 23m 31s | $58K | $229K | 20x |
Lighter RH MSFT
HTX 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
- −$1.42
- Funding while held
- −$0.96
- Slippage, 4 orders
- −$9.22
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$23.6
- Spread needed to break even
- 0.212%
Slippage from Lighter RH: live order book, 1 min ago; HTX: live order book, 24 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 | 1.32 bp | 1.6 bp −$2 | 3.8 bp −$38 | 44.2 bp −$4,423 | doesn't fit |
| Sell HTX live order book, 24 min ago | 2.84 bp | 9.2 bp −$9 | 13.3 bp −$133 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps491.52cheapestApeX Omni491.84+0.065%Hotstuff491.86+0.069%KuCoin491.96+0.090%Phoenix492.04+0.106%BloFin492.04+0.106%Nado492.04+0.107%Vest492.11+0.120%Polymarket Perps492.14+0.126%Deribit492.14+0.126%Aster492.16+0.129%Coinbase International492.16+0.130%edgeX492.16+0.131%tradeXYZ492.19+0.136%Variational Omni492.20+0.139%Gate492.22+0.142%
Ondo Perps
ApeX Omni
Hotstuff
KuCoin
Phoenix
BloFin
Nado
Vest
Polymarket Perps
Deribit
Aster
Coinbase International
tradeXYZ
Variational Omni
GateHTX492.22+0.142%
Bitget492.24+0.146%
BitgetLighter RH492.29+0.157%
Orderly492.29+0.157%Paradex492.29+0.158%SoDEX492.34+0.167%Aevo492.34+0.167%Arcus492.37+0.173%QFEX492.37+0.173%OKX492.39+0.177%Extended492.41+0.182%Lighter492.45+0.189%Injective492.52+0.203%Bybit492.59+0.218%Phemex492.63+0.226%Binance492.64+0.228%SunX493.18+0.338%
Orderly
Paradex
SoDEX
Aevo
Arcus
QFEX
OKX
Extended
Lighter
Injective
Bybit
Phemex
Binance
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 | −0.156% | +0.0050% | 1h | $533K | $374K | 15x | as long as short |
| ApeX Omni MSFTUSDT | −0.091% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Hotstuff MSFT-PERP | −0.087% | 0.0000% | 1h | $40K | — | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.067% | +0.0100% | 8h | $1.4M | $7K | 20x | as long as short |
| Phoenix MSFT | −0.051% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| BloFin MSFT-USDT | −0.051% | −0.0003% | 8h | $198K | $147K | 20x | as long as short |
| Nado MSFT-PERP | −0.050% | +0.0005% | 1h | $457K | $4K | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.037% | +0.0046% | 1h | — | — | 25x | as long as short |
| Polymarket Perps MSFT-USD | −0.030% | +0.0050% | 1h | $287K | $475K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.030% | +0.0035% | 1h | $27K | $106K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster MSFTUSDT | −0.027% | 0.0000% | 8h | $154K | $80K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.026% | −0.0008% | 1h | $662K | $334K | 10x | as long as short |
| edgeX MSFTUSDC | −0.025% | −0.0148% | 4h | $100K | $243K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.020% | +0.0050% | 1h | $21.9M | $7.3M | 20x | as long as short |
| Variational Omni MSFT | −0.018% | 0.0000% | 8h | $1.2M | $690K | — | as long as short |
| Gate MSFT_USDT | −0.014% | 0.0000% | 8h | $3.0M | $1.1M | 100x | as long as short |
| HTX MSFT-USDTshort | −0.014% | 0.0000% | 8h | $58K | $229K | 20x | |
| Bitget MSFTUSDT | −0.010% | 0.0000% | 8h | $3.7M | $1.6M | 100x | as long as short |
| Lighter RH MSFTlong | 0.000% | +0.0032% | 1h | $655K | $2.1M | 20x | |
| Orderly PERP_MSFT_USDC_mythos | 0.000% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.001% | +0.0052% | 8h | $217 | — | 5x | as long as short |
| SoDEX MSFT-USD | +0.010% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Aevo MSFT-PERP | +0.010% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| Arcus MSFT-USD | +0.016% | +0.0325% | 1h | $112K | $48K | 10x | as long as short |
| QFEX MSFT-USD | +0.016% | +0.0052% | 1h | $1.1M | $3.5M | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.020% | 0.0000% | 8h | $3.1M | $1.4M | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.025% | +0.0008% | 1h | $327K | $380K | 17x | as long as short |
| Lighter MSFT | +0.033% | +0.0032% | 1h | $1.1M | $534K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.047% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| Bybit MSFTUSDT | +0.061% | 0.0000% | 8h | $7.4M | $1.1M | 100x | as long as short |
| Phemex MSFTUSDT | +0.069% | 0.0000% | 8h | $2.1M | $496K | 10x | as long as short |
| Binance MSFTUSDT | +0.072% | +0.0008% | 8h | $15.6M | $13.6M | 20x | as long as short |
| SunX MSFT-USDT | +0.181% | 0.0000% | 8h | $6K | $4.1M | 20x | as long as short |