MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.14 per $10,000 · paid last 24h −0.038%

Price spread now: Coinbase International against ApeX Omni+0.105%75s7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.366% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.235%−$23 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.105%, 7d avg −0.036%

Together, before fees−0.300%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.141% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of −0.036%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.4 days. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSFTUSDT	505.47	0.0100	pay 0.0013% / 1h	9m 53s	$161K	$7K	50x
Short	Coinbase International MSFT-PERP-INTX	506.00	−0.0008	pay 0.0001% / 1h	9m 53s	$703K	$742K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$22.68
Price spread: +0.105% → −0.036%: $14.11
Slippage, 4 orders: −$16.57
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$45.14
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; Coinbase International: live order book, 31 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, 29 min ago	5.04 bp	10.0 bp −$10	72.1 bp −$721	doesn't fit	doesn't fit
Sell Coinbase International live order book, 31 min ago	2.18 bp	8.9 bp −$9	11.1 bp −$111	doesn't fit	doesn't fit

MSFT on 34 exchanges

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
Hotstuff MSFT-PERP	−0.1600%	1h	505.80	+0.065%	$33K	$8K	20x	as long as short
edgeX MSFTUSDC	−0.0564%	4h	506.05	+0.115%	$103K	$242K	10x	as long as short
Nado MSFT-PERP	−0.0024%	1h	505.98	+0.101%	$413K	$72K	20x	as long as short
Coinbase International MSFT-PERP-INTXshort	−0.0008%	1h	506.00	+0.105%	$703K	$742K	10x
BloFin MSFT-USDT	−0.0004%	8h	506.32	+0.168%	$203K	$227K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	506.01	+0.107%	$166K	$117K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	506.26	+0.155%	$326K	$2.3M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	506.40	+0.184%	$16.3M	$22.3M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	506.17	+0.138%	$7.4M	$2.6M	100x	as long as short
Gate MSFT_USDT	0.0000%	8h	506.10	+0.125%	$3.2M	$2.0M	100x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	506.45	+0.194%	$4.0M	$3.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	506.18	+0.140%	$1.3M	$438K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	506.00	+0.105%	$19K	$330K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	507.22	+0.346%	$6K	$3.3M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	506.44	+0.192%	$49K	$248K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	506.68	+0.239%	$2.3M	$972K	10x	as long as short
Lighter MSFT	+0.0032%	1h	506.19	+0.142%	$1.2M	$519K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	506.14	+0.133%	$723K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	506.13	+0.131%	$1.2M	$4.6M	10x	as long as short
tradeXYZ xyz:MSFT	+0.0040%	1h	505.88	+0.081%	$21.7M	$10.1M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	506.15	+0.135%	$94K	$83K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	506.30	+0.164%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	505.69	+0.044%	$11K	$16K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	506.05	+0.115%	$320K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	506.27	+0.158%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	505.85	+0.075%	$516K	$431K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0053%	8h	506.06	+0.117%	$223	—	5x	as long as short
OKX MSFT-USDT-SWAP	+0.0054%	8h	506.47	+0.198%	$3.2M	$2.9M	20x	as long as short
KuCoin MSFTUSDTM	+0.0054%	8h	505.62	+0.030%	$1.6M	$332K	20x	as long as short
ApeX Omni MSFTUSDTlong	+0.0100%	1h	505.47	long leg	$161K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	506.26	+0.156%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	505.26	−0.041%	$56	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0165%	1h	506.11	+0.127%	$30K	$45K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	506.07	+0.119%	$116K	$45K	30x	as long as short