Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Aster against ApeX Omni+0.019%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$670.673% of the position
Funding, last 7 days−0.184%−$18 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.019%, 7d avg +0.090%
=Together, before fees−0.145%+ Points / potential airdropAster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.071% cheaper against ApeX Omni than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.090%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSFTUSDT | 500.98 | 0.0100 | pay 0.0013% / 1h | 49m 13s | $159K | $7K | 50x |
| Short | Aster MSFTUSDT | 501.07 | 0 | get 0.0000% / 8h | 4h 49m | $161K | $116K | 20x |
ApeX Omni MSFTUSDT
Aster MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: +0.019% → +0.090%
- −$7.14
- Slippage, 4 orders
- −$49.3
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$95.44
- Costs to cover
- 0.673%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 7 min ago; Aster: live order book, 7 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, 7 min ago | 5.09 bp | 10.1 bp −$10 | 68.3 bp −$683 | doesn't fit | doesn't fit |
| Sell Aster live order book, 7 min ago | 9.37 bp | 22.8 bp −$23 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSFT-PERP | −0.0056% | 1h | 501.07 | +0.017% | $414K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0040% | 1h | 500.97 | −0.002% | $678K | $458K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0019% | 8h | 501.44 | +0.092% | $190K | $204K | 20x | as long as short |
| Aster MSFTUSDTshort | 0.0000% | 8h | 501.07 | +0.019% | $161K | $116K | 20x | |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.21 | +0.046% | $341K | $893K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.38 | +0.080% | $15.7M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.12 | +0.028% | $7.2M | $2.1M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.46 | +0.096% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.21 | +0.046% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.31 | +0.066% | $4.5M | $2.5M | 100x | as long as short |
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 501.05 | +0.013% | $1.3M | $617K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.19 | +0.043% | $19K | $300K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.20 | +0.244% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.05 | +0.014% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.28 | +0.060% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.63 | +0.130% | $2.2M | $773K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.09 | +0.022% | $680K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 501.14 | +0.032% | $1.1M | $5.6M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 500.92 | −0.012% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.12 | +0.028% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 500.83 | −0.030% | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0048% | 1h | 500.85 | −0.026% | $32K | $8K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 500.88 | −0.020% | $22.0M | $8.8M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.88 | −0.020% | $295K | $673K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.28 | +0.060% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.85 | −0.026% | $516K | $453K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0056% | 8h | 501.10 | +0.024% | $220 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.84 | −0.028% | $1.5M | $20K | 20x | as long as short |
| ApeX Omni MSFTUSDTlong | +0.0100% | 1h | 500.98 | long leg | $159K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.15 | +0.034% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.14 | +0.032% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0120% | 1h | 501.39 | +0.082% | $1.1M | $479K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.34 | +0.072% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0290% | 4h | 501.08 | +0.020% | $102K | $243K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
Hotstuff MSFT-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
edgeX MSFTUSDC