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)−0.010%
7d average−0.088%if it closes, per $10,000$1funding while held, a day+$3.00
Long on Variational OmniShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni MSFT492.960get 0.0000% / 8h36m 49s$1.2M$690K—
ShortKuCoin MSFTUSDTM492.910.0100get 0.0100% / 8h36m 49s$1.4M$7K20x

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
−$0.98
Funding while held
$3
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$9.98
Spread needed to break even
0.120%
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; KuCoin: live order book, 5 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, 4 min ago2.53 bpdoesn't fit16.9 bp −$169doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago7.21 bp69.8 bp −$70doesn't fitdoesn't fitdoesn't fit

MSFT price on every exchange

against the cheapest. Click to use as the short leg.
tradeXYZ492.67cheapestHotstuff492.83+0.032%Ondo Perps492.84+0.035%Phoenix492.85+0.037%Polymarket Perps492.86+0.039%ApeX Omni492.87+0.041%
KuCoin492.91+0.049%
Vest492.92+0.051%
Variational Omni492.96+0.058%
Gate492.96+0.059%Nado492.99+0.064%Coinbase International493.01+0.069%Deribit493.08+0.083%Bitget493.09+0.085%Extended493.12+0.092%Lighter RH493.16+0.099%Binance493.16+0.099%SoDEX493.17+0.101%HTX493.17+0.101%OKX493.18+0.104%Orderly493.19+0.106%edgeX493.19+0.106%Bybit493.20+0.108%Arcus493.24+0.116%Paradex493.24+0.116%Lighter493.26+0.120%QFEX493.28+0.124%Aevo493.29+0.127%BloFin493.36+0.140%Aster493.37+0.142%Injective493.40+0.148%Phemex493.64+0.197%SunX494.07+0.284%

MSFT on 33 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
tradeXYZ xyz:MSFT−0.058%+0.0050%1h$23.1M$6.1M20xas long as short
Hotstuff MSFT-PERP−0.026%+0.0048%1h$40K—20xas long as short
Ondo Perps MSFT-USD.P−0.024%+0.0050%1h$536K$372K15xas long as short
Phoenix MSFT−0.022%+0.0065%1h$10K$15K20xas long as short
Polymarket Perps MSFT-USD−0.020%+0.0050%1h$288K$472K10xas long as short
ApeX Omni MSFTUSDT−0.018%+0.0100%1h$157K$7K50xas long as short
KuCoin MSFTUSDTMshort−0.010%+0.0100%8h$1.4M$7K20x
Vest MSFT-USD-PERP−0.008%+0.0046%1h——25xas long as short
Variational Omni MSFTlong0.000%0.0000%8h$1.2M$690K—
Gate MSFT_USDT0.000%0.0000%8h$3.0M$1.0M100xas long as short
Show all 33 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado MSFT-PERP+0.006%−0.0003%1h$458K$4K20xas long as short
Coinbase International MSFT-PERP-INTX+0.011%−0.0008%1h$663K$333K10xas long as short
Deribit MSFT_USDC-PERPETUAL+0.025%0.0000%1h$27K$104K10xas long as short
Bitget MSFTUSDT+0.027%0.0000%8h$3.7M$1.6M100xas long as short
Extended MSFT_24_5-USD+0.033%0.0000%1h$327K$380K17xas long as short
Lighter RH MSFT+0.041%+0.0032%1h$677K$2.0M20xas long as short
Binance MSFTUSDT+0.041%0.0000%8h$15.8M$13.0M20xas long as short
SoDEX MSFT-USD+0.043%+0.0050%1h$59K$3K10xas long as short
HTX MSFT-USDT+0.043%0.0000%8h$58K$230K20xas long as short
OKX MSFT-USDT-SWAP+0.045%0.0000%8h$3.1M$1.4M20xas long as short
Orderly PERP_MSFT_USDC_mythos+0.047%+0.0100%8h$8K—10xas long as short
edgeX MSFTUSDC+0.048%+0.0248%4h$100K$243K10xas long as short
Bybit MSFTUSDT+0.049%0.0000%8h$7.4M$1.1M100xas long as short
Arcus MSFT-USD+0.057%+0.0325%1h$112K$48K10xas long as short
Paradex MSFT-USD-PERP+0.058%+0.0052%8h$217—5xas long as short
Lighter MSFT+0.061%+0.0032%1h$1.1M$529K20xas long as short
QFEX MSFT-USD+0.065%+0.0052%1h$1.1M$3.4M10xas long as short
Aevo MSFT-PERP+0.068%+0.0104%1h$54—10xas long as short
BloFin MSFT-USDT+0.082%−0.0027%8h$197K$142K20xas long as short
Aster MSFTUSDT+0.083%0.0000%8h$151K$76K20xas long as short
Injective MSFT/USDC PERP+0.090%+0.0220%1h$113K$154K30xas long as short
Phemex MSFTUSDT+0.138%0.0000%8h$2.1M$482K10xas long as short
SunX MSFT-USDT+0.226%0.0000%8h$6K$3.9M20xas long as short