data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

MSFT

RWAall MSFT markets
SwapFunding view
Alert
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$24
spread now+0.030%7d average+0.042%fees + slippage, in and out−$23spread needed0.225%
Long on tradeXYZShort on Lighter RH
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:MSFT496.070.0050pay 0.0006% / 1h6m 52s$22.1M$7.8M20x
ShortLighter RH MSFT496.220.0032get 0.0004% / 1h6m 52s$659K$2.1M20x

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
$3.02
Funding while held
−$0.54
Slippage, 4 orders
−$4.53
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$20.05
Spread needed to break even
0.225%
Slippage from tradeXYZ: live order book, 3 min ago; Lighter RH: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0018%
Per $10,000 a day
−$0.54
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, 3 min ago0.10 bp10.0 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Lighter RH live order book, 2 min ago1.01 bp1.1 bp −$13.0 bp −$3038.1 bp −$3,811doesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
Polymarket Perps495.96cheapest
tradeXYZ496.07+0.022%
Ondo Perps496.07+0.022%Nado496.10+0.028%Coinbase International496.17+0.042%Deribit496.20+0.048%HTX496.20+0.048%Gate496.21+0.050%
Lighter RH496.22+0.052%
SoDEX496.23+0.054%Vest496.25+0.058%KuCoin496.27+0.063%Orderly496.28+0.065%Paradex496.31+0.070%Bybit496.31+0.071%Phemex496.32+0.073%Aevo496.33+0.074%Bitget496.34+0.077%OKX496.35+0.079%Phoenix496.36+0.081%BloFin496.36+0.081%Lighter496.38+0.085%QFEX496.39+0.087%Extended496.39+0.087%Arcus496.43+0.095%Binance496.44+0.097%ApeX Omni496.55+0.119%Injective496.65+0.139%Variational Omni496.69+0.148%Hotstuff496.71+0.151%Aster496.74+0.157%edgeX496.90+0.189%SunX497.04+0.218%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps MSFT-USD−0.022%+0.0050%1h$301K$443K10xas long as short
tradeXYZ xyz:MSFTlong0.000%+0.0050%1h$22.1M$7.8M20x
Ondo Perps MSFT-USD.P0.000%+0.0050%1h$514K$428K15xas long as short
Nado MSFT-PERP+0.006%−0.0003%1h$461K$5K20xas long as short
Coinbase International MSFT-PERP-INTX+0.020%0.0000%1h$668K$343K10xas long as short
Deribit MSFT_USDC-PERPETUAL+0.026%0.0000%1h$27K$112K10xas long as short
HTX MSFT-USDT+0.026%0.0000%8h$58K$231K20xas long as short
Gate MSFT_USDT+0.028%0.0000%8h$3.1M$1.3M100xas long as short
Lighter RH MSFTshort+0.030%+0.0032%1h$659K$2.1M20x
SoDEX MSFT-USD+0.032%+0.0050%1h$60K$3K10xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Vest MSFT-USD-PERP+0.036%+0.0046%1h——25xas long as short
KuCoin MSFTUSDTM+0.040%+0.0100%8h$1.5M$9K20xas long as short
Orderly PERP_MSFT_USDC_mythos+0.042%+0.0100%8h$8K—10xas long as short
Paradex MSFT-USD-PERP+0.048%+0.0050%8h$218—5xas long as short
Bybit MSFTUSDT+0.048%0.0000%8h$7.3M$1.4M100xas long as short
Phemex MSFTUSDT+0.050%0.0000%8h$2.1M$578K10xas long as short
Aevo MSFT-PERP+0.052%+0.0104%1h$55—10xas long as short
Bitget MSFTUSDT+0.054%0.0000%8h$3.6M$1.7M100xas long as short
OKX MSFT-USDT-SWAP+0.056%0.0000%8h$3.0M$1.7M20xas long as short
Phoenix MSFT+0.058%+0.0065%1h$10K$15K20xas long as short
BloFin MSFT-USDT+0.058%+0.0029%8h$190K$170K20xas long as short
Lighter MSFT+0.062%+0.0032%1h$1.1M$540K20xas long as short
QFEX MSFT-USD+0.065%+0.0042%1h$1.1M$4.2M10xas long as short
Extended MSFT_24_5-USD+0.065%0.0000%1h$329K$380K17xas long as short
Arcus MSFT-USD+0.073%+0.0442%1h$112K$52K10xas long as short
Binance MSFTUSDT+0.075%+0.0003%8h$15.6M$15.3M20xas long as short
ApeX Omni MSFTUSDT+0.097%+0.0100%1h$158K$7K50xas long as short
Injective MSFT/USDC PERP+0.117%+0.0220%1h$114K$154K30xas long as short
Variational Omni MSFT+0.125%0.0000%8h$1.2M$709K—as long as short
Hotstuff MSFT-PERP+0.129%−0.1600%1h$40K—20xas long as short
Aster MSFTUSDT+0.135%0.0000%8h$156K$80K20xas long as short
edgeX MSFTUSDC+0.167%+0.0391%4h$101K$244K10xas long as short
SunX MSFT-USDT+0.196%0.0000%8h$6K$4.4M20xas long as short