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−$20
spread now+0.067%7d average+0.060%fees + slippage, in and out−$20spread needed0.203%
Long on Polymarket PerpsShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps MSFT-USD494.240.0050pay 0.0006% / 1h34m 40s$292K$411K10x
ShortLighter MSFT494.570.0032get 0.0004% / 1h34m 40s$1.1M$522K20x

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
$6.68
Funding while held
−$0.54
Slippage, 4 orders
−$12.31
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$14.17
Spread needed to break even
0.203%
Slippage from Polymarket Perps: live order book, 19 min ago; Lighter: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0018%
Per $10,000 a day
−$0.54
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 Polymarket Perps live order book, 19 min ago2.11 bp9.1 bp −$99.5 bp −$9510.8 bp −$1,078doesn't fit
Sell Lighter live order book, 3 min ago0.81 bp2.2 bp −$29.1 bp −$91doesn't fitdoesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
KuCoin494.00cheapesttradeXYZ494.06+0.012%Ondo Perps494.23+0.047%Arcus494.24+0.049%
Polymarket Perps494.24+0.049%
Hotstuff494.31+0.063%Lighter RH494.32+0.065%Bybit494.32+0.065%Vest494.33+0.067%Paradex494.36+0.073%Gate494.37+0.075%Deribit494.38+0.077%Extended494.38+0.077%ApeX Omni494.45+0.091%Binance494.47+0.095%Phoenix494.48+0.097%Nado494.50+0.102%QFEX494.51+0.103%Orderly494.53+0.107%
Lighter494.57+0.115%
Bitget494.58+0.117%SoDEX494.59+0.119%OKX494.61+0.123%Aevo494.62+0.125%HTX494.63+0.128%Aster494.68+0.138%edgeX494.75+0.152%BloFin494.78+0.158%Variational Omni494.86+0.175%Phemex495.14+0.231%Injective495.17+0.237%Coinbase International495.20+0.243%SunX495.64+0.332%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin MSFTUSDTM−0.049%+0.0100%8h$1.5M$6K20xas long as short
tradeXYZ xyz:MSFT−0.036%+0.0050%1h$23.2M$5.9M20xas long as short
Ondo Perps MSFT-USD.P−0.002%+0.0050%1h$539K$369K15xas long as short
Arcus MSFT-USD0.000%+0.0151%1h$112K$49K10xas long as short
Polymarket Perps MSFT-USDlong0.000%+0.0050%1h$292K$411K10x
Hotstuff MSFT-PERP+0.014%−0.1584%1h$40K—20xas long as short
Lighter RH MSFT+0.016%+0.0032%1h$693K$2.1M20xas long as short
Bybit MSFTUSDT+0.016%0.0000%8h$7.2M$923K100xas long as short
Vest MSFT-USD-PERP+0.018%+0.0046%1h——25xas long as short
Paradex MSFT-USD-PERP+0.025%+0.0052%8h$218—5xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate MSFT_USDT+0.026%0.0000%8h$3.1M$959K100xas long as short
Deribit MSFT_USDC-PERPETUAL+0.028%0.0000%1h$27K$97K10xas long as short
Extended MSFT_24_5-USD+0.029%0.0000%1h$329K$380K17xas long as short
ApeX Omni MSFTUSDT+0.042%+0.0100%1h$157K$7K50xas long as short
Binance MSFTUSDT+0.047%0.0000%8h$15.7M$11.8M20xas long as short
Phoenix MSFT+0.049%+0.0016%1h$10K$15K20xas long as short
Nado MSFT-PERP+0.053%−0.0017%1h$459K$3K20xas long as short
QFEX MSFT-USD+0.055%+0.0038%1h$1.1M$3.1M10xas long as short
Orderly PERP_MSFT_USDC_mythos+0.059%+0.0100%8h$8K—10xas long as short
Lighter MSFTshort+0.067%+0.0032%1h$1.1M$522K20x
Bitget MSFTUSDT+0.069%0.0000%8h$3.8M$1.5M100xas long as short
SoDEX MSFT-USD+0.071%+0.0050%1h$59K$3K10xas long as short
OKX MSFT-USDT-SWAP+0.075%0.0000%8h$3.0M$886K20xas long as short
Aevo MSFT-PERP+0.076%+0.0104%1h$54—10xas long as short
HTX MSFT-USDT+0.079%0.0000%8h$58K$230K20xas long as short
Aster MSFTUSDT+0.090%0.0000%8h$153K$57K20xas long as short
edgeX MSFTUSDC+0.103%−0.0010%4h$101K$244K10xas long as short
BloFin MSFT-USDT+0.109%+0.0026%8h$191K$123K20xas long as short
Variational Omni MSFT+0.126%0.0000%8h$1.3M$652K—as long as short
Phemex MSFTUSDT+0.182%0.0000%8h$2.1M$417K10xas long as short
Injective MSFT/USDC PERP+0.188%+0.0220%1h$158K$140K30xas long as short
Coinbase International MSFT-PERP-INTX+0.194%−0.0016%1h$666K$327K10xas long as short
SunX MSFT-USDT+0.283%0.0000%8h$6K$3.4M20xas long as short