data as of
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Price arb /

MSFT

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Spread before costs (cost unknown: a leg has no order-book sample)+0.004%
7d average−0.071%if it closes, per $10,000$0funding while held, a day+$3.00
Long on Variational OmniShort on ApeX Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni MSFT498.110get 0.0000% / 8h5h 13m$1.3M$704K—
ShortApeX Omni MSFTUSDT498.130.0100get 0.0013% / 1h13m 16s$159K$7K50x

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
$0.35
Funding while held
$3
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$6.65
Spread needed to break even
0.100%
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; ApeX Omni: live order book, 19 min ago. Net counts fees only.

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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 2 min ago2.53 bpdoesn't fit16.2 bp −$162doesn't fitdoesn't fit
Sell ApeX Omni live order book, 19 min ago5.12 bp10.1 bp −$1059.1 bp −$591doesn't fitdoesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International497.71cheapestPolymarket Perps498.07+0.072%Ondo Perps498.09+0.076%Nado498.10+0.079%
Variational Omni498.11+0.081%
ApeX Omni498.13+0.084%
tradeXYZ498.16+0.090%Phoenix498.19+0.096%Hotstuff498.21+0.100%KuCoin498.21+0.100%Gate498.26+0.111%Vest498.30+0.119%Lighter RH498.33+0.125%Bitget498.35+0.129%edgeX498.38+0.134%QFEX498.38+0.135%Paradex498.40+0.138%HTX498.45+0.149%Arcus498.47+0.153%Aster498.49+0.156%BloFin498.50+0.159%Lighter498.52+0.163%Phemex498.55+0.169%Deribit498.58+0.175%Injective498.59+0.177%OKX498.60+0.179%Binance498.65+0.188%SoDEX498.65+0.189%Orderly498.66+0.191%Extended498.68+0.194%Aevo498.69+0.196%Bybit498.70+0.199%SunX499.40+0.340%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International MSFT-PERP-INTX−0.081%−0.0056%1h$683K$362K10xas long as short
Polymarket Perps MSFT-USD−0.009%+0.0050%1h$302K$444K10xas long as short
Ondo Perps MSFT-USD.P−0.005%+0.0050%1h$509K$452K15xas long as short
Nado MSFT-PERP−0.001%0.0000%1h$447K$24K20xas long as short
Variational Omni MSFTlong0.000%0.0000%8h$1.3M$704K—
ApeX Omni MSFTUSDTshort+0.004%+0.0100%1h$159K$7K50x
tradeXYZ xyz:MSFT+0.010%+0.0050%1h$22.1M$8.8M20xas long as short
Phoenix MSFT+0.016%+0.0048%1h$10K$15K20xas long as short
Hotstuff MSFT-PERP+0.020%+0.0056%1h$40K—20xas long as short
KuCoin MSFTUSDTM+0.020%+0.0100%8h$1.5M$10K20xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate MSFT_USDT+0.030%0.0000%8h$3.0M$1.4M100xas long as short
Vest MSFT-USD-PERP+0.038%+0.0046%1h——25xas long as short
Lighter RH MSFT+0.044%+0.0032%1h$647K$2.1M20xas long as short
Bitget MSFTUSDT+0.048%+0.0031%8h$3.7M$1.7M100xas long as short
edgeX MSFTUSDC+0.053%−0.0661%4h$101K$245K10xas long as short
QFEX MSFT-USD+0.054%+0.0044%1h$1.2M$4.9M10xas long as short
Paradex MSFT-USD-PERP+0.057%+0.0050%8h$219—5xas long as short
HTX MSFT-USDT+0.068%0.0000%8h$58K$231K20xas long as short
Arcus MSFT-USD+0.072%+0.0573%1h$111K$75K10xas long as short
Aster MSFTUSDT+0.075%0.0000%8h$156K$86K20xas long as short
BloFin MSFT-USDT+0.078%−0.0020%8h$192K$193K20xas long as short
Lighter MSFT+0.082%+0.0072%1h$1.1M$538K20xas long as short
Phemex MSFTUSDT+0.088%0.0000%8h$2.1M$669K10xas long as short
Deribit MSFT_USDC-PERPETUAL+0.094%0.0000%1h$27K$114K10xas long as short
Injective MSFT/USDC PERP+0.096%+0.0220%1h$114K$88K30xas long as short
OKX MSFT-USDT-SWAP+0.098%0.0000%8h$3.0M$2.1M20xas long as short
Binance MSFTUSDT+0.107%0.0000%8h$15.6M$17.1M20xas long as short
SoDEX MSFT-USD+0.108%+0.0050%1h$60K$3K10xas long as short
Orderly PERP_MSFT_USDC_mythos+0.110%+0.0100%8h$8K—10xas long as short
Extended MSFT_24_5-USD+0.114%0.0000%1h$372K$410K17xas long as short
Aevo MSFT-PERP+0.115%+0.0104%1h$55—10xas long as short
Bybit MSFTUSDT+0.118%0.0000%8h$7.3M$1.5M100xas long as short
SunX MSFT-USDT+0.258%0.0000%8h$6K$4.3M20xas long as short