After costs, if the gap returns to its 7d average, $10k−$26
spread now+0.032%7d average+0.030%fees + slippage, in and out−$26spread needed0.263%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MSFT-USD | 495.54 | 0.0038 | pay 0.0005% / 1h | 31m 00s | $1.2M | $2.8M | 10x |
| Short | Binance MSFTUSDT | 495.70 | 0 | get 0.0000% / 8h | 3h 31m | $15.8M | $6.3M | 20x |
QFEX MSFT-USD
Binance MSFTUSDTPrice 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
- $3.23
- Funding while held
- −$1.13
- Slippage, 4 orders
- −$6.35
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$24.24
- Spread needed to break even
- 0.263%
Slippage from QFEX: live order book, 4 min ago; Binance: live order book, 11 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy QFEX live order book, 4 min ago | 2.12 bp | 7.1 bp −$7 | 7.4 bp −$74 | 11.5 bp −$1,146 | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.10 bp | 5.6 bp −$6 | 11.5 bp −$115 | 33.2 bp −$3,322 | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.KuCoin495.00cheapesttradeXYZ495.14+0.028%Hotstuff495.16+0.032%Polymarket Perps495.17+0.034%Ondo Perps495.28+0.057%Phoenix495.30+0.061%Coinbase International495.30+0.061%Lighter RH495.34+0.069%Gate495.35+0.071%edgeX495.38+0.077%Vest495.43+0.087%Aevo495.45+0.090%ApeX Omni495.45+0.091%Paradex495.48+0.098%Nado495.50+0.101%Deribit495.52+0.105%Bitget495.53+0.107%Extended495.54+0.109%
KuCoin
tradeXYZ
Hotstuff
Polymarket Perps
Ondo Perps
Phoenix
Coinbase International
Lighter RH
Gate
Vest
Aevo
ApeX Omni
Paradex
Nado
Deribit
Bitget
ExtendedQFEX495.54+0.109%
SoDEX495.54+0.109%Arcus495.55+0.111%Orderly495.55+0.111%Lighter495.56+0.113%HTX495.57+0.115%Bybit495.60+0.121%
SoDEX
Arcus
Orderly
Lighter
HTX
BybitBinance495.70+0.141%
Phemex495.70+0.141%Variational Omni495.71+0.143%Injective495.71+0.143%BloFin495.72+0.145%OKX495.74+0.149%Aster495.87+0.175%SunX496.45+0.293%
Phemex
Variational Omni
Injective
BloFin
OKX
Aster
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTM | −0.109% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.081% | −0.0022% | 1h | $22.9M | $4.2M | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.077% | −0.1600% | 1h | $40K | — | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.075% | +0.0050% | 1h | $292K | $209K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.052% | +0.0050% | 1h | $526K | $315K | 15x | as long as short |
| Phoenix MSFT | −0.048% | +0.0032% | 1h | $10K | $15K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.048% | 0.0000% | 1h | $659K | $264K | 10x | as long as short |
| Lighter RH MSFT | −0.040% | +0.0032% | 1h | $671K | $2.5M | 20x | as long as short |
| Gate MSFT_USDT | −0.038% | 0.0000% | 8h | $3.0M | $772K | 100x | as long as short |
| edgeX MSFTUSDC | −0.032% | +0.0380% | 4h | $101K | $243K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest MSFT-USD-PERP | −0.022% | +0.0046% | 1h | — | — | 25x | as long as short |
| Aevo MSFT-PERP | −0.019% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| ApeX Omni MSFTUSDT | −0.018% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Paradex MSFT-USD-PERP | −0.011% | +0.0050% | 8h | $218 | — | 5x | as long as short |
| Nado MSFT-PERP | −0.008% | −0.0038% | 1h | $460K | $1K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.004% | 0.0000% | 1h | $23K | $86K | 10x | as long as short |
| Bitget MSFTUSDT | −0.002% | 0.0000% | 8h | $3.7M | $853K | 100x | as long as short |
| Extended MSFT_24_5-USD | 0.000% | 0.0000% | 1h | $335K | $361K | 17x | as long as short |
| QFEX MSFT-USDlong | 0.000% | +0.0038% | 1h | $1.2M | $2.8M | 10x | |
| SoDEX MSFT-USD | 0.000% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| Arcus MSFT-USD | +0.002% | +0.0292% | 1h | $113K | $49K | 10x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.002% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Lighter MSFT | +0.004% | +0.0032% | 1h | $1.2M | $448K | 20x | as long as short |
| HTX MSFT-USDT | +0.006% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| Bybit MSFTUSDT | +0.012% | 0.0000% | 8h | $7.2M | $654K | 100x | as long as short |
| Binance MSFTUSDTshort | +0.032% | 0.0000% | 8h | $15.8M | $6.3M | 20x | |
| Phemex MSFTUSDT | +0.032% | 0.0000% | 8h | $2.0M | $311K | 10x | as long as short |
| Variational Omni MSFT | +0.034% | 0.0000% | 8h | $1.3M | $603K | — | as long as short |
| Injective MSFT/USDC PERP | +0.034% | +0.0220% | 1h | $114K | $173K | 30x | as long as short |
| BloFin MSFT-USDT | +0.036% | −0.0017% | 8h | $191K | $96K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.040% | 0.0000% | 8h | $2.9M | $366K | 20x | as long as short |
| Aster MSFTUSDT | +0.066% | 0.0000% | 8h | $150K | $4K | 20x | as long as short |
| SunX MSFT-USDT | +0.184% | 0.0000% | 8h | $6K | $2.1M | 20x | as long as short |