After costs, if the gap returns to its 7d average, $10k−$198
spread now−0.117%7d average−0.051%fees + slippage, in and out−$192spread needed1.918%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MSFT-USD | 497.59 | 0.0028 | pay 0.0004% / 1h | 26m 39s | $1.2M | $4.4M | 10x |
| Short | KuCoin MSFTUSDTM | 497.01 | 0.0100 | get 0.0100% / 8h | 6h 26m | $1.5M | $10K | 20x |
QFEX MSFT-USD
KuCoin MSFTUSDTMPrice 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
- −$11.66
- Funding while held
- $2.15
- Slippage, 4 orders
- −$169.75
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$201.26
- Spread needed to break even
- 1.918%
Slippage from QFEX: live order book, 3 min ago; KuCoin: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0072%
- Per $10,000 a day
- +$2.15
- 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, 3 min ago | 1.41 bp | 6.4 bp −$6 | 6.4 bp −$64 | 10.6 bp −$1,063 | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 7.14 bp | 86.8 bp −$87 | doesn't fit | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Polymarket Perps496.97cheapest
Polymarket PerpsKuCoin497.01+0.008%
Coinbase International497.09+0.024%Ondo Perps497.16+0.038%Hotstuff497.17+0.040%Vest497.18+0.042%tradeXYZ497.20+0.046%Nado497.23+0.052%ApeX Omni497.23+0.052%Aster497.26+0.058%Gate497.30+0.066%OKX497.37+0.080%Arcus497.38+0.082%Phoenix497.39+0.085%HTX497.41+0.089%Lighter RH497.44+0.095%Paradex497.47+0.101%Bybit497.50+0.107%Deribit497.50+0.107%SoDEX497.51+0.109%Orderly497.55+0.117%Aevo497.55+0.117%Bitget497.57+0.121%Binance497.58+0.122%BloFin497.58+0.123%
Coinbase International
Ondo Perps
Hotstuff
Vest
tradeXYZ
Nado
ApeX Omni
Aster
Gate
OKX
Arcus
Phoenix
HTX
Lighter RH
Paradex
Bybit
Deribit
SoDEX
Orderly
Aevo
Bitget
Binance
BloFinQFEX497.59+0.125%
Extended497.61+0.129%Variational Omni497.61+0.129%edgeX497.66+0.139%Lighter497.70+0.147%Injective497.96+0.199%Phemex498.18+0.243%SunX498.36+0.280%
Extended
Variational Omni
Lighter
Injective
Phemex
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MSFT-USD | −0.125% | +0.0050% | 1h | $301K | $444K | 10x | as long as short |
| KuCoin MSFTUSDTMshort | −0.117% | +0.0100% | 8h | $1.5M | $10K | 20x | |
| Coinbase International MSFT-PERP-INTX | −0.100% | −0.0056% | 1h | $675K | $353K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | −0.086% | +0.0050% | 1h | $509K | $450K | 15x | as long as short |
| Hotstuff MSFT-PERP | −0.084% | +0.0032% | 1h | $40K | — | 20x | as long as short |
| Vest MSFT-USD-PERP | −0.082% | +0.0046% | 1h | — | — | 25x | as long as short |
| tradeXYZ xyz:MSFT | −0.078% | +0.0050% | 1h | $21.9M | $8.5M | 20x | as long as short |
| Nado MSFT-PERP | −0.073% | +0.0003% | 1h | $462K | $5K | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.072% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Aster MSFTUSDT | −0.066% | 0.0000% | 8h | $156K | $80K | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | −0.058% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | −0.044% | 0.0000% | 8h | $3.0M | $2.1M | 20x | as long as short |
| Arcus MSFT-USD | −0.042% | +0.0577% | 1h | $111K | $75K | 10x | as long as short |
| Phoenix MSFT | −0.040% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| HTX MSFT-USDT | −0.036% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Lighter RH MSFT | −0.030% | +0.0032% | 1h | $668K | $2.1M | 20x | as long as short |
| Paradex MSFT-USD-PERP | −0.024% | +0.0050% | 8h | $219 | — | 5x | as long as short |
| Bybit MSFTUSDT | −0.018% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.018% | +0.0172% | 1h | $27K | $113K | 10x | as long as short |
| SoDEX MSFT-USD | −0.016% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.008% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | −0.008% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Bitget MSFTUSDT | −0.004% | 0.0000% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Binance MSFTUSDT | −0.003% | 0.0000% | 8h | $15.7M | $16.2M | 20x | as long as short |
| BloFin MSFT-USDT | −0.002% | 0.0000% | 8h | $192K | $178K | 20x | as long as short |
| QFEX MSFT-USDlong | 0.000% | +0.0028% | 1h | $1.2M | $4.4M | 10x | |
| Extended MSFT_24_5-USD | +0.004% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Variational Omni MSFT | +0.004% | 0.0000% | 8h | $1.3M | $719K | — | as long as short |
| edgeX MSFTUSDC | +0.014% | +0.0378% | 4h | $101K | $243K | 10x | as long as short |
| Lighter MSFT | +0.022% | +0.0032% | 1h | $1.1M | $543K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.074% | +0.0220% | 1h | $114K | $125K | 30x | as long as short |
| Phemex MSFTUSDT | +0.119% | 0.0000% | 8h | $2.1M | $610K | 10x | as long as short |
| SunX MSFT-USDT | +0.155% | 0.0000% | 8h | $6K | $4.4M | 20x | as long as short |