After costs, if the gap returns to its 7d average, $10k−$56
spread now+0.016%7d average+0.099%fees + slippage, in and out−$48spread needed0.476%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSFT | 496.33 | 0.0050 | pay 0.0006% / 1h | 11m 51s | $22.2M | $7.8M | 20x |
| Short | Gate MSFT_USDT | 496.41 | 0 | get 0.0000% / 8h | 7h 11m | $3.1M | $1.3M | 100x |
tradeXYZ xyz:MSFT
Gate MSFT_USDTPrice 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
- $1.61
- Funding while held
- −$1.5
- Slippage, 4 orders
- −$14.63
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$47.52
- Spread needed to break even
- 0.476%
Slippage from tradeXYZ: live order book, 9 min ago; Gate: live order book, 3 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy tradeXYZ live order book, 9 min ago | 0.40 bp | 10.0 bp −$10 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.13 bp | 13.4 bp −$13 | 40.2 bp −$402 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni495.49cheapestPhoenix495.59+0.020%edgeX495.73+0.048%Injective495.84+0.071%Variational Omni495.87+0.077%KuCoin496.05+0.113%Ondo Perps496.12+0.127%Nado496.18+0.139%Hotstuff496.19+0.141%Polymarket Perps496.19+0.141%BloFin496.24+0.151%
ApeX Omni
Phoenix
Injective
Variational Omni
KuCoin
Ondo Perps
Nado
Hotstuff
Polymarket Perps
BloFintradeXYZ496.33+0.170%
Vest496.37+0.178%Coinbase International496.40+0.184%Paradex496.41+0.186%
Vest
Coinbase International
ParadexGate496.41+0.186%
Bybit496.45+0.194%HTX496.45+0.194%OKX496.48+0.200%QFEX496.49+0.202%SoDEX496.52+0.208%Aevo496.57+0.218%Lighter RH496.58+0.220%Deribit496.58+0.220%Phemex496.60+0.224%Arcus496.62+0.228%Bitget496.62+0.228%Orderly496.62+0.228%Binance496.64+0.232%Extended496.68+0.240%Aster496.74+0.252%Lighter496.76+0.256%SunX497.42+0.390%
Bybit
HTX
OKX
QFEX
SoDEX
Aevo
Lighter RH
Deribit
Phemex
Arcus
Bitget
Orderly
Binance
Extended
Aster
Lighter
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSFTUSDT | −0.169% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Phoenix MSFT | −0.149% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
| edgeX MSFTUSDC | −0.121% | +0.0618% | 4h | $101K | $245K | 10x | as long as short |
| Injective MSFT/USDC PERP | −0.099% | +0.0220% | 1h | $114K | $154K | 30x | as long as short |
| Variational Omni MSFT | −0.092% | 0.0000% | 8h | $1.2M | $708K | — | as long as short |
| KuCoin MSFTUSDTM | −0.056% | +0.0100% | 8h | $1.5M | $9K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.042% | +0.0050% | 1h | $513K | $419K | 15x | as long as short |
| Nado MSFT-PERP | −0.030% | 0.0000% | 1h | $461K | $5K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.028% | −0.1600% | 1h | $40K | — | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.028% | +0.0050% | 1h | $301K | $468K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin MSFT-USDT | −0.018% | +0.0012% | 8h | $190K | $168K | 20x | as long as short |
| tradeXYZ xyz:MSFTlong | 0.000% | +0.0050% | 1h | $22.2M | $7.8M | 20x | |
| Vest MSFT-USD-PERP | +0.008% | +0.0046% | 1h | — | — | 25x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.014% | 0.0000% | 1h | $669K | $342K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.016% | +0.0050% | 8h | $218 | — | 5x | as long as short |
| Gate MSFT_USDTshort | +0.016% | 0.0000% | 8h | $3.1M | $1.3M | 100x | |
| Bybit MSFTUSDT | +0.024% | 0.0000% | 8h | $7.3M | $1.4M | 100x | as long as short |
| HTX MSFT-USDT | +0.024% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.030% | 0.0000% | 8h | $3.0M | $1.6M | 20x | as long as short |
| QFEX MSFT-USD | +0.032% | +0.0042% | 1h | $1.2M | $4.1M | 10x | as long as short |
| SoDEX MSFT-USD | +0.038% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Aevo MSFT-PERP | +0.048% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Lighter RH MSFT | +0.050% | +0.0032% | 1h | $655K | $2.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.050% | 0.0000% | 1h | $27K | $112K | 10x | as long as short |
| Phemex MSFTUSDT | +0.054% | 0.0000% | 8h | $2.1M | $571K | 10x | as long as short |
| Arcus MSFT-USD | +0.058% | +0.0442% | 1h | $112K | $52K | 10x | as long as short |
| Bitget MSFTUSDT | +0.058% | 0.0000% | 8h | $3.6M | $1.7M | 100x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.058% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Binance MSFTUSDT | +0.062% | +0.0006% | 8h | $15.7M | $15.1M | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.071% | +0.0008% | 1h | $329K | $380K | 17x | as long as short |
| Aster MSFTUSDT | +0.083% | 0.0000% | 8h | $156K | $80K | 20x | as long as short |
| Lighter MSFT | +0.087% | +0.0032% | 1h | $1.1M | $540K | 20x | as long as short |
| SunX MSFT-USDT | +0.220% | 0.0000% | 8h | $6K | $4.4M | 20x | as long as short |