MSFT

Alert

After costs, if the gap returns to its 7d average, $10k−$76

spread now−0.036%7d average−0.081%fees + slippage, in and out−$80spread needed0.803%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex MSFTUSDT	496.68	0	get 0.0000% / 8h	6h 50m	$2.1M	$588K	10x
Short	Deribit MSFT_USDC-PERPETUAL	496.50	0	get 0.0000% / 1h	50m 29s	$27K	$113K	10x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee PhemexbpFee DeribitbpOrdersClose when spread is

Slippage from Phemex: live order book, 4 min ago; Deribit: live order book, 10 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 4 min ago	0.10 bp	31.0 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 10 min ago	0.10 bp	3.6 bp −$4	5.1 bp −$51	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps MSFT-USD.P	−0.133%	+0.0050%	1h	$502K	$438K	15x	as long as short
Polymarket Perps MSFT-USD	−0.131%	+0.0050%	1h	$301K	$443K	10x	as long as short
Hotstuff MSFT-PERP	−0.121%	+0.0016%	1h	$40K	—	20x	as long as short
Nado MSFT-PERP	−0.116%	−0.0006%	1h	$461K	$5K	20x	as long as short
Gate MSFT_USDT	−0.105%	0.0000%	8h	$3.1M	$1.3M	100x	as long as short
tradeXYZ xyz:MSFT	−0.103%	+0.0050%	1h	$22.1M	$7.8M	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.103%	−0.0056%	1h	$668K	$343K	10x	as long as short
HTX MSFT-USDT	−0.103%	0.0000%	8h	$58K	$231K	20x	as long as short
SoDEX MSFT-USD	−0.089%	+0.0050%	1h	$60K	$3K	10x	as long as short
Orderly PERP_MSFT_USDC_mythos	−0.074%	+0.0100%	8h	$8K	—	10x	as long as short

Show all 33 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter RH MSFT	−0.072%	+0.0032%	1h	$666K	$2.1M	20x	as long as short
Phoenix MSFT	−0.072%	+0.0048%	1h	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	−0.070%	+0.0100%	8h	$1.5M	$9K	20x	as long as short
Aevo MSFT-PERP	−0.069%	+0.0104%	1h	$55	—	10x	as long as short
BloFin MSFT-USDT	−0.068%	−0.0004%	8h	$190K	$173K	20x	as long as short
Bybit MSFTUSDT	−0.064%	0.0000%	8h	$7.3M	$1.4M	100x	as long as short
Vest MSFT-USD-PERP	−0.064%	+0.0046%	1h	—	—	25x	as long as short
Variational Omni MSFT	−0.061%	0.0000%	8h	$1.3M	$715K	—	as long as short
QFEX MSFT-USD	−0.058%	+0.0028%	1h	$1.2M	$4.3M	10x	as long as short
ApeX Omni MSFTUSDT	−0.058%	+0.0100%	1h	$158K	$7K	50x	as long as short
Bitget MSFTUSDT	−0.056%	0.0000%	8h	$3.7M	$1.7M	100x	as long as short
Paradex MSFT-USD-PERP	−0.054%	+0.0050%	8h	$218	—	5x	as long as short
Binance MSFTUSDT	−0.050%	0.0000%	8h	$15.7M	$15.4M	20x	as long as short
Extended MSFT_24_5-USD	−0.050%	0.0000%	1h	$329K	$380K	17x	as long as short
OKX MSFT-USDT-SWAP	−0.040%	0.0000%	8h	$3.0M	$1.7M	20x	as long as short
Arcus MSFT-USD	−0.038%	+0.0577%	1h	$112K	$52K	10x	as long as short
Lighter MSFT	−0.036%	+0.0032%	1h	$1.1M	$541K	20x	as long as short
Deribit MSFT_USDC-PERPETUALshort	−0.036%	0.0000%	1h	$27K	$113K	10x
edgeX MSFTUSDC	−0.020%	−0.0884%	4h	$101K	$244K	10x	as long as short
Phemex MSFTUSDTlong	0.000%	0.0000%	8h	$2.1M	$588K	10x
Injective MSFT/USDC PERP	+0.006%	+0.0220%	1h	$114K	$125K	30x	as long as short
Aster MSFTUSDT	+0.012%	0.0000%	8h	$156K	$80K	20x	as long as short
SunX MSFT-USDT	+0.085%	0.0000%	8h	$6K	$4.3M	20x	as long as short