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−$40
spread now+0.026%7d average+0.070%fees + slippage, in and out−$35spread needed0.354%
Long on tradeXYZShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:MSFT498.370.0050pay 0.0006% / 1h3m 18s$22.2M$8.9M20x
ShortDeribit MSFT_USDC-PERPETUAL498.500get 0.0000% / 1h3m 18s$27K$114K10x

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
$2.61
Funding while held
−$1.5
Slippage, 4 orders
−$10.45
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$34.34
Spread needed to break even
0.354%
Slippage from tradeXYZ: live order book, 7 min ago; Deribit: live order book, 52 min ago.

Cost of waiting

funding view
Funding /8h
−0.0050%
Per $10,000 a day
−$1.50
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 tradeXYZ live order book, 7 min ago0.60 bp10.4 bp −$1011.9 bp −$119doesn't fitdoesn't fit
Sell Deribit live order book, 52 min ago0.10 bp11.5 bp −$1213.1 bp −$131doesn't fitdoesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps498.29cheapestPolymarket Perps498.32+0.006%Hotstuff498.35+0.012%
tradeXYZ498.37+0.016%
ApeX Omni498.41+0.024%Gate498.42+0.026%Phoenix498.45+0.032%Nado498.48+0.038%
Deribit498.50+0.042%
KuCoin498.51+0.044%Vest498.56+0.054%Orderly498.56+0.054%HTX498.57+0.056%Aevo498.57+0.057%SoDEX498.58+0.058%Lighter RH498.60+0.062%Extended498.64+0.071%BloFin498.65+0.072%Aster498.65+0.073%Binance498.67+0.077%Paradex498.68+0.078%Bitget498.69+0.080%OKX498.72+0.086%Lighter498.73+0.088%Bybit498.73+0.088%Injective498.75+0.092%Arcus498.77+0.096%QFEX498.78+0.098%Phemex498.84+0.110%edgeX498.84+0.111%Variational Omni499.03+0.148%Coinbase International499.37+0.217%SunX499.53+0.249%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps MSFT-USD.P−0.016%+0.0050%1h$510K$453K15xas long as short
Polymarket Perps MSFT-USD−0.010%+0.0050%1h$301K$444K10xas long as short
Hotstuff MSFT-PERP−0.004%+0.0016%1h$40K—20xas long as short
tradeXYZ xyz:MSFTlong0.000%+0.0050%1h$22.2M$8.9M20x
ApeX Omni MSFTUSDT+0.008%+0.0100%1h$159K$7K50xas long as short
Gate MSFT_USDT+0.010%0.0000%8h$3.0M$1.4M100xas long as short
Phoenix MSFT+0.016%+0.0048%1h$10K$15K20xas long as short
Nado MSFT-PERP+0.022%−0.0004%1h$446K$25K20xas long as short
Deribit MSFT_USDC-PERPETUALshort+0.026%0.0000%1h$27K$114K10x
KuCoin MSFTUSDTM+0.028%+0.0100%8h$1.5M$11K20xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Vest MSFT-USD-PERP+0.038%+0.0046%1h——25xas long as short
Orderly PERP_MSFT_USDC_mythos+0.038%+0.0100%8h$8K—10xas long as short
HTX MSFT-USDT+0.040%0.0000%8h$58K$231K20xas long as short
Aevo MSFT-PERP+0.041%+0.0104%1h$55—10xas long as short
SoDEX MSFT-USD+0.042%+0.0050%1h$60K$3K10xas long as short
Lighter RH MSFT+0.046%+0.0032%1h$656K$2.1M20xas long as short
Extended MSFT_24_5-USD+0.055%0.0000%1h$372K$410K17xas long as short
BloFin MSFT-USDT+0.056%−0.0004%8h$192K$195K20xas long as short
Aster MSFTUSDT+0.057%0.0000%8h$156K$86K20xas long as short
Binance MSFTUSDT+0.060%0.0000%8h$15.6M$17.3M20xas long as short
Paradex MSFT-USD-PERP+0.062%+0.0050%8h$219—5xas long as short
Bitget MSFTUSDT+0.064%+0.0033%8h$3.7M$1.8M100xas long as short
OKX MSFT-USDT-SWAP+0.070%0.0000%8h$3.0M$2.1M20xas long as short
Lighter MSFT+0.072%+0.0072%1h$1.1M$548K20xas long as short
Bybit MSFTUSDT+0.072%0.0000%8h$7.3M$1.5M100xas long as short
Injective MSFT/USDC PERP+0.076%+0.0220%1h$114K$88K30xas long as short
Arcus MSFT-USD+0.080%+0.0573%1h$112K$75K10xas long as short
QFEX MSFT-USD+0.082%+0.0044%1h$1.2M$5.0M10xas long as short
Phemex MSFTUSDT+0.094%0.0000%8h$2.1M$682K10xas long as short
edgeX MSFTUSDC+0.095%−0.0563%4h$101K$244K10xas long as short
Variational Omni MSFT+0.132%0.0000%8h$1.3M$704K—as long as short
Coinbase International MSFT-PERP-INTX+0.201%−0.0056%1h$685K$364K10xas long as short
SunX MSFT-USDT+0.233%0.0000%8h$6K$4.4M20xas long as short