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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−$60
spread now+0.068%7d average+0.033%fees + slippage, in and out−$64spread needed0.637%
Long on QFEXShort on Aster
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MSFT-USD495.030.0038pay 0.0005% / 1h33m 01s$1.2M$2.9M10x
ShortAster MSFTUSDT495.370get 0.0000% / 8h2h 33m$150K$4K20x

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
$6.82
Funding while held
−$1.13
Slippage, 4 orders
−$45.73
Fee QFEX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$58.04
Spread needed to break even
0.637%
Slippage from QFEX: live order book, 7 min ago; Aster: live order book, 25 min ago.

Cost of waiting

funding view
Funding /8h
−0.0038%
Per $10,000 a day
−$1.13
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 QFEX live order book, 7 min ago1.31 bp6.3 bp −$66.3 bp −$6310.8 bp −$1,083doesn't fit
Sell Aster live order book, 25 min ago17.03 bp29.7 bp −$30doesn't fitdoesn't fitdoesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
Hotstuff494.59cheapesttradeXYZ494.70+0.022%Ondo Perps494.79+0.040%Polymarket Perps494.83+0.049%Nado494.85+0.052%Paradex494.91+0.065%KuCoin494.99+0.081%Lighter RH495.00+0.083%Gate495.01+0.085%
QFEX495.03+0.089%
Vest495.03+0.089%OKX495.04+0.091%Orderly495.09+0.101%Lighter495.10+0.103%Arcus495.13+0.109%Bybit495.15+0.113%Bitget495.16+0.115%Deribit495.17+0.117%SoDEX495.19+0.121%Binance495.20+0.123%Extended495.20+0.124%HTX495.24+0.131%Aevo495.25+0.133%BloFin495.35+0.154%
Aster495.37+0.157%
ApeX Omni495.47+0.178%Coinbase International495.52+0.188%Phoenix495.66+0.216%Phemex495.90+0.265%edgeX495.92+0.268%Variational Omni495.93+0.272%Injective496.03+0.291%SunX496.11+0.307%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hotstuff MSFT-PERP−0.089%−0.1600%1h$40K—20xas long as short
tradeXYZ xyz:MSFT−0.067%+0.0048%1h$23.3M$5.1M20xas long as short
Ondo Perps MSFT-USD.P−0.048%+0.0050%1h$527K$324K15xas long as short
Polymarket Perps MSFT-USD−0.040%+0.0050%1h$292K$209K10xas long as short
Nado MSFT-PERP−0.037%−0.0006%1h$460K$1K20xas long as short
Paradex MSFT-USD-PERP−0.024%+0.0050%8h$218—5xas long as short
KuCoin MSFTUSDTM−0.008%+0.0100%8h$1.5M$6K20xas long as short
Lighter RH MSFT−0.006%+0.0032%1h$658K$2.6M20xas long as short
Gate MSFT_USDT−0.004%0.0000%8h$3.0M$787K100xas long as short
QFEX MSFT-USDlong0.000%+0.0038%1h$1.2M$2.9M10x
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Vest MSFT-USD-PERP0.000%+0.0046%1h——25xas long as short
OKX MSFT-USDT-SWAP+0.002%0.0000%8h$2.9M$391K20xas long as short
Orderly PERP_MSFT_USDC_mythos+0.012%+0.0100%8h$8K—10xas long as short
Lighter MSFT+0.014%+0.0032%1h$1.1M$461K20xas long as short
Arcus MSFT-USD+0.020%+0.0298%1h$113K$49K10xas long as short
Bybit MSFTUSDT+0.024%0.0000%8h$7.2M$675K100xas long as short
Bitget MSFTUSDT+0.026%0.0000%8h$3.6M$1.0M100xas long as short
Deribit MSFT_USDC-PERPETUAL+0.028%+0.0053%1h$23K$89K10xas long as short
SoDEX MSFT-USD+0.032%+0.0050%1h$59K$3K10xas long as short
Binance MSFTUSDT+0.034%0.0000%8h$15.8M$6.9M20xas long as short
Extended MSFT_24_5-USD+0.035%0.0000%1h$335K$365K17xas long as short
HTX MSFT-USDT+0.042%0.0000%8h$57K$230K20xas long as short
Aevo MSFT-PERP+0.044%+0.0104%1h$54—10xas long as short
BloFin MSFT-USDT+0.065%+0.0007%8h$190K$103K20xas long as short
Aster MSFTUSDTshort+0.068%0.0000%8h$150K$4K20x
ApeX Omni MSFTUSDT+0.089%+0.0100%1h$158K$7K50xas long as short
Coinbase International MSFT-PERP-INTX+0.099%−0.0008%1h$671K$303K10xas long as short
Phoenix MSFT+0.127%+0.0032%1h$10K$15K20xas long as short
Phemex MSFTUSDT+0.176%0.0000%8h$2.0M$342K10xas long as short
edgeX MSFTUSDC+0.179%+0.0220%4h$101K$243K10xas long as short
Variational Omni MSFT+0.182%0.0000%8h$1.3M$620K—as long as short
Injective MSFT/USDC PERP+0.202%+0.0220%1h$114K$173K30xas long as short
SunX MSFT-USDT+0.218%0.0000%8h$6K$2.3M20xas long as short