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−$45
spread now−0.002%7d average−0.005%fees + slippage, in and out−$45spread needed0.454%
Long on NadoShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado MSFT-PERP493.84−0.0027get 0.0003% / 1h45m 07s$459K$5K20x
ShortGate MSFT_USDT493.830get 0.0000% / 8h7h 45m$3.1M$1.3M100x

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
−$0.19
Funding while held
$0.8
Slippage, 4 orders
−$23.41
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$44.8
Spread needed to break even
0.454%
Slippage from Nado: live order book, 64 min ago; Gate: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0027%
Per $10,000 a day
+$0.80
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 Nado live order book, 64 min ago0.61 bp10.6 bp −$1118.9 bp −$189doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago4.35 bp15.0 bp −$1537.5 bp −$375doesn't fitdoesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International493.02cheapestKuCoin493.57+0.112%Polymarket Perps493.70+0.138%tradeXYZ493.75+0.148%
Gate493.83+0.164%
Nado493.84+0.166%
Vest493.93+0.185%Ondo Perps493.96+0.191%HTX493.98+0.195%Deribit494.01+0.201%ApeX Omni494.03+0.205%Lighter RH494.05+0.209%SoDEX494.09+0.217%Arcus494.10+0.219%Orderly494.10+0.219%Paradex494.10+0.220%OKX494.11+0.221%Bybit494.12+0.223%Lighter494.13+0.225%QFEX494.13+0.225%Hotstuff494.13+0.225%Aevo494.13+0.226%Extended494.15+0.228%Bitget494.16+0.231%BloFin494.16+0.231%Binance494.19+0.236%Phemex494.24+0.247%Phoenix494.30+0.260%Aster494.36+0.272%Injective494.42+0.284%edgeX494.43+0.287%Variational Omni494.44+0.287%SunX494.82+0.365%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International MSFT-PERP-INTX−0.166%0.0000%1h$664K$337K10xas long as short
KuCoin MSFTUSDTM−0.055%+0.0100%8h$1.5M$7K20xas long as short
Polymarket Perps MSFT-USD−0.028%+0.0050%1h$288K$478K10xas long as short
tradeXYZ xyz:MSFT−0.018%+0.0050%1h$21.9M$7.5M20xas long as short
Gate MSFT_USDTshort−0.002%0.0000%8h$3.1M$1.3M100x
Nado MSFT-PERPlong0.000%−0.0027%1h$459K$5K20x
Vest MSFT-USD-PERP+0.018%+0.0046%1h——25xas long as short
Ondo Perps MSFT-USD.P+0.024%+0.0050%1h$533K$384K15xas long as short
HTX MSFT-USDT+0.028%0.0000%8h$58K$231K20xas long as short
Deribit MSFT_USDC-PERPETUAL+0.035%0.0000%1h$27K$109K10xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni MSFTUSDT+0.039%+0.0100%1h$157K$7K50xas long as short
Lighter RH MSFT+0.043%+0.0032%1h$676K$2.0M20xas long as short
SoDEX MSFT-USD+0.051%+0.0050%1h$59K$3K10xas long as short
Arcus MSFT-USD+0.053%+0.0442%1h$112K$50K10xas long as short
Orderly PERP_MSFT_USDC_mythos+0.053%+0.0100%8h$8K—10xas long as short
Paradex MSFT-USD-PERP+0.053%+0.0051%8h$217—5xas long as short
OKX MSFT-USDT-SWAP+0.055%0.0000%8h$3.1M$1.5M20xas long as short
Bybit MSFTUSDT+0.057%0.0000%8h$7.4M$1.2M100xas long as short
Lighter MSFT+0.059%+0.0032%1h$1.1M$535K20xas long as short
QFEX MSFT-USD+0.059%+0.0042%1h$1.1M$3.8M10xas long as short
Hotstuff MSFT-PERP+0.059%+0.0056%1h$40K—20xas long as short
Aevo MSFT-PERP+0.060%+0.0104%1h$54—10xas long as short
Extended MSFT_24_5-USD+0.062%+0.0016%1h$327K$380K17xas long as short
Bitget MSFTUSDT+0.065%+0.0001%8h$3.8M$1.6M100xas long as short
BloFin MSFT-USDT+0.065%+0.0021%8h$195K$160K20xas long as short
Binance MSFTUSDT+0.070%+0.0015%8h$15.6M$14.5M20xas long as short
Phemex MSFTUSDT+0.081%0.0000%8h$2.1M$534K10xas long as short
Phoenix MSFT+0.093%+0.0065%1h$10K$15K20xas long as short
Aster MSFTUSDT+0.105%0.0000%8h$155K$80K20xas long as short
Injective MSFT/USDC PERP+0.118%+0.0220%1h$113K$154K30xas long as short
edgeX MSFTUSDC+0.120%−0.0978%4h$101K$245K10xas long as short
Variational Omni MSFT+0.121%0.0000%8h$1.2M$705K—as long as short
SunX MSFT-USDT+0.199%0.0000%8h$6K$4.3M20xas long as short