After costs, if the gap returns to its 7d average, $10k−$36
spread now−0.002%7d average+0.043%fees + slippage, in and out−$31spread needed0.311%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MSFT-USD | 495.89 | 0.0038 | pay 0.0005% / 1h | 34m 56s | $1.2M | $2.9M | 10x |
| Short | Bitget MSFTUSDT | 495.88 | 0 | get 0.0000% / 8h | 2h 34m | $3.6M | $988K | 100x |
QFEX MSFT-USD
Bitget 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
- −$0.2
- Funding while held
- −$1.13
- Slippage, 4 orders
- −$9.11
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$32.44
- Spread needed to break even
- 0.311%
Slippage from QFEX: live order book, 5 min ago; Bitget: live order book, 4 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, 5 min ago | 1.31 bp | 6.3 bp −$6 | 6.3 bp −$63 | 10.8 bp −$1,083 | doesn't fit |
| Sell Bitget live order book, 4 min ago | 2.02 bp | 10.2 bp −$10 | 13.6 bp −$136 | 41.0 bp −$4,096 | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.KuCoin495.33cheapesttradeXYZ495.47+0.028%Polymarket Perps495.47+0.028%Hotstuff495.49+0.032%ApeX Omni495.50+0.034%Coinbase International495.52+0.038%Gate495.62+0.059%Ondo Perps495.63+0.061%Phoenix495.66+0.067%Deribit495.68+0.071%Lighter RH495.73+0.081%HTX495.75+0.085%Arcus495.78+0.091%Lighter495.80+0.095%Paradex495.80+0.095%SoDEX495.81+0.097%Bybit495.82+0.099%Orderly495.82+0.099%Nado495.82+0.099%Extended495.82+0.100%Vest495.86+0.107%
KuCoin
tradeXYZ
Polymarket Perps
Hotstuff
ApeX Omni
Coinbase International
Gate
Ondo Perps
Phoenix
Deribit
Lighter RH
HTX
Arcus
Lighter
Paradex
SoDEX
Bybit
Orderly
Nado
Extended
VestBitget495.88+0.111%
Binance495.89+0.113%
BinanceQFEX495.89+0.113%
Aevo495.90+0.115%OKX495.92+0.119%Variational Omni495.93+0.122%edgeX495.96+0.128%BloFin496.01+0.137%Aster496.03+0.141%Injective496.03+0.141%Phemex496.50+0.236%SunX496.76+0.289%
Aevo
OKX
Variational Omni
BloFin
Aster
Injective
Phemex
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTM | −0.113% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.085% | +0.0043% | 1h | $23.0M | $4.6M | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.085% | +0.0050% | 1h | $292K | $209K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.081% | −0.1600% | 1h | $40K | — | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.079% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.075% | −0.0008% | 1h | $671K | $303K | 10x | as long as short |
| Gate MSFT_USDT | −0.054% | 0.0000% | 8h | $3.0M | $786K | 100x | as long as short |
| Ondo Perps MSFT-USD.P | −0.052% | +0.0050% | 1h | $527K | $320K | 15x | as long as short |
| Phoenix MSFT | −0.046% | +0.0032% | 1h | $10K | $15K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.042% | 0.0000% | 1h | $23K | $89K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH MSFT | −0.032% | +0.0032% | 1h | $660K | $2.6M | 20x | as long as short |
| HTX MSFT-USDT | −0.028% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| Arcus MSFT-USD | −0.022% | +0.0298% | 1h | $113K | $49K | 10x | as long as short |
| Lighter MSFT | −0.018% | +0.0032% | 1h | $1.1M | $447K | 20x | as long as short |
| Paradex MSFT-USD-PERP | −0.018% | +0.0050% | 8h | $218 | — | 5x | as long as short |
| SoDEX MSFT-USD | −0.016% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Bybit MSFTUSDT | −0.014% | 0.0000% | 8h | $7.2M | $669K | 100x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.014% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Nado MSFT-PERP | −0.014% | −0.0010% | 1h | $461K | $1K | 20x | as long as short |
| Extended MSFT_24_5-USD | −0.013% | 0.0000% | 1h | $335K | $365K | 17x | as long as short |
| Vest MSFT-USD-PERP | −0.006% | +0.0046% | 1h | — | — | 25x | as long as short |
| Bitget MSFTUSDTshort | −0.002% | 0.0000% | 8h | $3.6M | $988K | 100x | |
| Binance MSFTUSDT | 0.000% | 0.0000% | 8h | $15.8M | $6.7M | 20x | as long as short |
| QFEX MSFT-USDlong | 0.000% | +0.0038% | 1h | $1.2M | $2.9M | 10x | |
| Aevo MSFT-PERP | +0.002% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.006% | 0.0000% | 8h | $3.0M | $379K | 20x | as long as short |
| Variational Omni MSFT | +0.009% | 0.0000% | 8h | $1.3M | $620K | — | as long as short |
| edgeX MSFTUSDC | +0.015% | −0.0641% | 4h | $101K | $243K | 10x | as long as short |
| BloFin MSFT-USDT | +0.024% | +0.0023% | 8h | $190K | $103K | 20x | as long as short |
| Aster MSFTUSDT | +0.027% | 0.0000% | 8h | $150K | $4K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.028% | +0.0220% | 1h | $114K | $173K | 30x | as long as short |
| Phemex MSFTUSDT | +0.123% | 0.0000% | 8h | $2.0M | $340K | 10x | as long as short |
| SunX MSFT-USDT | +0.175% | 0.0000% | 8h | $6K | $2.3M | 20x | as long as short |