data as of
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Price arb /

MSFT

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After costs, if the gap returns to its 7d average, $10k−$44
spread now−0.038%7d average+0.022%fees + slippage, in and out−$38spread needed0.378%
Long on QFEXShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MSFT-USD496.580.0042pay 0.0005% / 1h58m 13s$1.1M$4.2M10x
ShortGate MSFT_USDT496.390get 0.0000% / 8h6h 58m$3.1M$1.3M100x

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
−$3.83
Funding while held
−$1.26
Slippage, 4 orders
−$12.77
Fee QFEX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$42.85
Spread needed to break even
0.378%
Slippage from QFEX: live order book, 7 min ago; Gate: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
−0.0042%
Per $10,000 a day
−$1.26
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 ago1.21 bp6.2 bp −$67.3 bp −$7311.4 bp −$1,138doesn't fit
Sell Gate live order book, 1 min ago3.02 bp11.0 bp −$1140.4 bp −$404doesn't fitdoesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International496.17cheapestPolymarket Perps496.28+0.022%Ondo Perps496.29+0.024%Nado496.35+0.036%tradeXYZ496.39+0.044%
Gate496.39+0.044%
Hotstuff496.45+0.056%ApeX Omni496.48+0.062%Deribit496.52+0.071%SoDEX496.54+0.075%KuCoin496.55+0.077%Lighter RH496.57+0.081%BloFin496.57+0.081%Paradex496.58+0.082%
QFEX496.58+0.083%
Phoenix496.58+0.083%HTX496.59+0.085%Bybit496.61+0.089%Binance496.62+0.090%Orderly496.62+0.091%Aevo496.63+0.093%Arcus496.64+0.095%Vest496.65+0.097%edgeX496.68+0.104%Bitget496.69+0.105%Injective496.71+0.109%Variational Omni496.71+0.109%Lighter496.72+0.111%Extended496.72+0.112%Aster496.74+0.115%Phemex496.74+0.115%OKX496.77+0.121%SunX497.45+0.258%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International MSFT-PERP-INTX−0.083%−0.0056%1h$668K$343K10xas long as short
Polymarket Perps MSFT-USD−0.060%+0.0050%1h$301K$443K10xas long as short
Ondo Perps MSFT-USD.P−0.058%+0.0050%1h$505K$434K15xas long as short
Nado MSFT-PERP−0.047%0.0000%1h$461K$5K20xas long as short
tradeXYZ xyz:MSFT−0.038%+0.0048%1h$22.1M$7.8M20xas long as short
Gate MSFT_USDTshort−0.038%0.0000%8h$3.1M$1.3M100x
Hotstuff MSFT-PERP−0.026%+0.0048%1h$40K—20xas long as short
ApeX Omni MSFTUSDT−0.020%+0.0100%1h$158K$7K50xas long as short
Deribit MSFT_USDC-PERPETUAL−0.012%0.0000%1h$27K$113K10xas long as short
SoDEX MSFT-USD−0.008%+0.0050%1h$60K$3K10xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin MSFTUSDTM−0.006%+0.0100%8h$1.5M$9K20xas long as short
Lighter RH MSFT−0.002%+0.0032%1h$667K$2.0M20xas long as short
BloFin MSFT-USDT−0.002%+0.0008%8h$190K$171K20xas long as short
Paradex MSFT-USD-PERP−0.001%+0.0050%8h$218—5xas long as short
QFEX MSFT-USDlong0.000%+0.0042%1h$1.1M$4.2M10x
Phoenix MSFT0.000%+0.0065%1h$10K$15K20xas long as short
HTX MSFT-USDT+0.002%0.0000%8h$58K$231K20xas long as short
Bybit MSFTUSDT+0.006%0.0000%8h$7.3M$1.4M100xas long as short
Binance MSFTUSDT+0.007%0.0000%8h$15.7M$15.4M20xas long as short
Orderly PERP_MSFT_USDC_mythos+0.008%+0.0100%8h$8K—10xas long as short
Aevo MSFT-PERP+0.010%+0.0104%1h$55—10xas long as short
Arcus MSFT-USD+0.012%+0.0577%1h$112K$52K10xas long as short
Vest MSFT-USD-PERP+0.014%+0.0046%1h——25xas long as short
edgeX MSFTUSDC+0.021%−0.0755%4h$101K$245K10xas long as short
Bitget MSFTUSDT+0.022%0.0000%8h$3.7M$1.7M100xas long as short
Injective MSFT/USDC PERP+0.026%+0.0220%1h$114K$125K30xas long as short
Variational Omni MSFT+0.027%0.0000%8h$1.3M$714K—as long as short
Lighter MSFT+0.028%+0.0032%1h$1.1M$540K20xas long as short
Extended MSFT_24_5-USD+0.029%0.0000%1h$329K$380K17xas long as short
Aster MSFTUSDT+0.032%0.0000%8h$156K$80K20xas long as short
Phemex MSFTUSDT+0.032%0.0000%8h$2.1M$586K10xas long as short
OKX MSFT-USDT-SWAP+0.038%0.0000%8h$3.0M$1.7M20xas long as short
SunX MSFT-USDT+0.175%0.0000%8h$6K$4.4M20xas long as short