MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0431%/8h= +47.2% APRnext payment +$0.54 per $10,000 · paid last 24h +0.037%

Price spread now: Arcus against ApeX Omni0.000%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on ApeX Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 3 days (all we have)+0.088%+$9 · spread now 0.000%, 7d avg +0.046%

Together, before fees+0.126%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.046% cheaper against ApeX Omni than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.046%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$13 a day). At the pace of the last 3 days (+0.037% in total) that is about 4.1 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.037% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.54 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSFTUSDT	501.55	0.0100	pay 0.0013% / 1h	21m 13s	$160K	$7K	50x
Short	Arcus MSFT-USD	501.55	0.0531	get 0.0066% / 1h	21m 13s	$109K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee ArcusbpOrdersPrice spread, now 0.000%Rate

Funding earned: $90.61
Price spread: 0.000% → +0.046%: −$4.61
Slippage, 4 orders: −$20.31
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $51.19
Costs to cover: 0.348%
Break-even: 3.0 days

Slippage from ApeX Omni: live order book, 64 min ago; Arcus: live order book, 2 min ago.

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 ApeX Omni live order book, 64 min ago	5.08 bp	10.1 bp −$10	71.1 bp −$711	doesn't fit	doesn't fit
Sell Arcus live order book, 2 min ago	3.69 bp	8.0 bp −$8	8.6 bp −$86	17.6 bp −$1,756	doesn't fit

MSFT on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MSFTUSDC	−0.0470%	4h	501.67	+0.023%	$102K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	501.47	−0.016%	$690K	$434K	10x	as long as short
Nado MSFT-PERP	−0.0023%	1h	501.47	−0.015%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0018%	8h	501.64	+0.018%	$188K	$209K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.86	+0.062%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.66	+0.021%	$372K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.72	+0.034%	$15.7M	$19.3M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.80	+0.050%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.81	+0.052%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.54	−0.002%	$3.1M	$1.5M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.75	+0.040%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.67	+0.023%	$1.3M	$726K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.73	+0.037%	$18K	$330K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.50	+0.189%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.68	+0.026%	$27K	$104K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.59	+0.008%	$59K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.87	+0.064%	$2.2M	$765K	10x	as long as short
Hotstuff MSFT-PERP	+0.0024%	1h	501.40	−0.030%	$32K	$8K	20x	as long as short
Lighter MSFT	+0.0032%	1h	501.69	+0.028%	$1.1M	$653K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.60	+0.010%	$652K	$2.2M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.70	+0.030%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.39	−0.032%	$22.2M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.30	−0.050%	$309K	$683K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.66	+0.022%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	501.62	+0.014%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.24	−0.062%	$521K	$485K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.69	+0.028%	$1.2M	$5.7M	10x	as long as short
Phoenix MSFT	+0.0096%	1h	501.56	+0.002%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.20	−0.070%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDTlong	+0.0100%	1h	501.55	long leg	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.58	+0.006%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.63	+0.015%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.03	+0.096%	$115K	$45K	30x	as long as short
Arcus MSFT-USDshort	+0.0531%	1h	501.55	0.000%	$109K	$90K	10x