After costs, if the gap returns to its 7d average, $10k−$392
spread now−0.274%7d average−0.242%fees + slippage, in and out−$388spread needed3.883%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX MSFT-USDT | 500.31 | 0 | get 0.0000% / 8h | 5h 45m | $6K | $4.3M | 20x |
| Short | KuCoin MSFTUSDTM | 498.94 | 0.0100 | get 0.0100% / 8h | 5h 45m | $1.5M | $10K | 20x |
SunX MSFT-USDT
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
- −$27.38
- Funding while held
- $3
- Slippage, 4 orders
- −$366.34
- Fee SunX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$412.72
- Spread needed to break even
- 3.883%
Slippage from SunX: live order book, 9 min ago; KuCoin: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 SunX live order book, 9 min ago | 29.20 bp | 112.4 bp −$112 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 8.52 bp | 86.4 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.KuCoin498.94cheapest
Coinbase International499.03+0.018%Polymarket Perps499.11+0.034%tradeXYZ499.13+0.038%ApeX Omni499.13+0.038%Ondo Perps499.16+0.044%Hotstuff499.16+0.044%Gate499.20+0.052%Variational Omni499.24+0.060%Nado499.25+0.063%Aster499.33+0.079%OKX499.39+0.090%Deribit499.40+0.092%Vest499.42+0.096%BloFin499.42+0.096%Paradex499.44+0.100%Lighter RH499.44+0.100%HTX499.44+0.100%Phoenix499.49+0.110%Extended499.50+0.112%Orderly499.50+0.112%SoDEX499.50+0.112%Binance499.51+0.113%Arcus499.51+0.114%QFEX499.52+0.116%Bitget499.52+0.116%Aevo499.54+0.120%Bybit499.57+0.126%edgeX499.58+0.129%Phemex499.63+0.138%Lighter499.67+0.146%Injective499.72+0.156%
Coinbase International
Polymarket Perps
tradeXYZ
ApeX Omni
Ondo Perps
Hotstuff
Gate
Variational Omni
Nado
Aster
OKX
Deribit
Vest
BloFin
Paradex
Lighter RH
HTX
Phoenix
Extended
Orderly
SoDEX
Binance
Arcus
QFEX
Bitget
Aevo
Bybit
Phemex
Lighter
InjectiveSunX500.31+0.275%
MSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSFTUSDTMshort | −0.274% | +0.0100% | 8h | $1.5M | $10K | 20x | |
| Coinbase International MSFT-PERP-INTX | −0.256% | −0.0056% | 1h | $678K | $355K | 10x | as long as short |
| Polymarket Perps MSFT-USD | −0.240% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.236% | +0.0050% | 1h | $21.8M | $8.6M | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.236% | +0.0100% | 1h | $159K | $7K | 50x | as long as short |
| Ondo Perps MSFT-USD.P | −0.230% | +0.0050% | 1h | $511K | $451K | 15x | as long as short |
| Hotstuff MSFT-PERP | −0.230% | +0.0056% | 1h | $40K | — | 20x | as long as short |
| Gate MSFT_USDT | −0.222% | 0.0000% | 8h | $3.1M | $1.4M | 100x | as long as short |
| Variational Omni MSFT | −0.214% | 0.0000% | 8h | $1.3M | $717K | — | as long as short |
| Nado MSFT-PERP | −0.211% | −0.0025% | 1h | $448K | $24K | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster MSFTUSDT | −0.195% | 0.0000% | 8h | $157K | $80K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | −0.184% | 0.0000% | 8h | $3.1M | $2.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.182% | 0.0000% | 1h | $27K | $114K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.178% | +0.0046% | 1h | — | — | 25x | as long as short |
| BloFin MSFT-USDT | −0.178% | −0.0009% | 8h | $193K | $186K | 20x | as long as short |
| Paradex MSFT-USD-PERP | −0.174% | +0.0050% | 8h | $220 | — | 5x | as long as short |
| Lighter RH MSFT | −0.174% | +0.0032% | 1h | $661K | $2.1M | 20x | as long as short |
| HTX MSFT-USDT | −0.174% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| Phoenix MSFT | −0.164% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| Extended MSFT_24_5-USD | −0.162% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | −0.162% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| SoDEX MSFT-USD | −0.162% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Binance MSFTUSDT | −0.161% | 0.0000% | 8h | $15.6M | $16.8M | 20x | as long as short |
| Arcus MSFT-USD | −0.160% | +0.0573% | 1h | $111K | $75K | 10x | as long as short |
| QFEX MSFT-USD | −0.158% | +0.0044% | 1h | $1.2M | $4.7M | 10x | as long as short |
| Bitget MSFTUSDT | −0.158% | +0.0006% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Aevo MSFT-PERP | −0.154% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Bybit MSFTUSDT | −0.148% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| edgeX MSFTUSDC | −0.145% | +0.0259% | 4h | $102K | $244K | 10x | as long as short |
| Phemex MSFTUSDT | −0.136% | 0.0000% | 8h | $2.1M | $644K | 10x | as long as short |
| Lighter MSFT | −0.128% | +0.0056% | 1h | $1.1M | $537K | 20x | as long as short |
| Injective MSFT/USDC PERP | −0.118% | +0.0220% | 1h | $114K | $88K | 30x | as long as short |
| SunX MSFT-USDTlong | 0.000% | 0.0000% | 8h | $6K | $4.3M | 20x |