Markets
AAPL/MSFT
Apple relative to Microsoft
AAPL−0.13%MSFT leads · 24h+0.83%MSFT
Relative performance · indexed to 100
——1M
Catching up
Live data is catching up. This usually clears within a minute and refreshes on its own.
Base
AAPL
Apple xStockAAPLx
- Mint
- XsbE…JzJp
- Decimals
- 8
Quote
MSFT
Microsoft xStockMSFTx
- Mint
- Xspz…dRMX
- Decimals
- 8
What this market measures
Tracks AAPL performance relative to MSFT.
The chart shows relative performance indexed to 100 at the start of the range. This is not the price of an Otus token and not the price of either asset - it is how AAPL has done against MSFT, which can rise even when both are falling.
The two largest companies on earth, against each other. Devices and services versus cloud and AI.
Why a ratio, not two perps
- One position, one liquidation level
- A long-AAPL short-MSFT pair built from two perps can be liquidated on a market-wide wick: the long leg blows up before the short leg pays out, even when the view was right. A ratio position only cares whether AAPL outperforms; its liquidation level is a ratio level.
- Balanced by construction
- Two legs drift out of balance and need constant rebalancing. A ratio position cannot drift. It is the relationship itself.
- One margin, one fee
- Two legs cost double margin, double fees and double funding. One position halves all three.
- Pairs that exist nowhere else
- Many pairs cannot be assembled from existing perps at all, because one side has no perp market. Tokenized equities and long-tail Solana assets first among them.
- Identifier
- aapl-msft
- Listed
- Sep 23, 2026
- Creator
- Unattributed
TradeWaiting for data
AAPL outperforms MSFT.
Leverage10×
Margin
USDC
USDC- Entry ratio
- —
- Liquidation ratio
- —(−10.0%)
- Position size
- 1,000.00
Margin settles to the Otus vault through a Jupiter swap from your wallet. Positions are marked against live ratios.