Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.024%
Price spread now: Deribit against ApeX Omni+0.142%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Deribit is 0.142% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.142% now, against zero (this spread has no 7-day history yet)): +$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 4.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSFTUSDT | 505.57 | 0.0100 | pay 0.0013% / 1h | 50m 26s | $161K | $7K | 50x |
| Short | Deribit MSFT_USDC-PERPETUAL | 506.29 | 0 | get 0.0000% / 1h | 50m 26s | $30K | $46K | 10x |
ApeX Omni MSFTUSDT
Deribit MSFT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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: +0.142% → 0.000%
- $14.24
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$23.76
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: ApeX Omni: live order book, 54 min ago; Deribit: no order-book sample. Net counts fees only.
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, 54 min ago | 7.55 bp | 12.6 bp −$13 | 89.7 bp −$897 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSFT-PERP | −0.0043% | 1h | 506.39 | +0.162% | $413K | $72K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.0024% | 1h | 505.78 | +0.042% | $33K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 506.31 | +0.146% | $714K | $681K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 506.16 | +0.117% | $166K | $117K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 506.36 | +0.157% | $326K | $2.0M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 506.52 | +0.189% | $16.4M | $21.9M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 506.26 | +0.136% | $7.3M | $2.4M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 506.13 | +0.111% | $3.2M | $2.0M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 506.32 | +0.148% | $4.0M | $3.2M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 506.43 | +0.169% | $1.3M | $418K | — | as long as short |
Nado MSFT-PERP
Hotstuff MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 506.04 | +0.092% | $19K | $325K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 507.29 | +0.340% | $6K | $3.4M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUALshort | 0.0000% | 1h | 506.29 | +0.142% | $30K | $46K | 10x | |
| HTX MSFT-USDT | 0.0000% | 8h | 506.38 | +0.160% | $49K | $248K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 506.67 | +0.218% | $2.3M | $949K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0019% | 8h | 506.58 | +0.200% | $203K | $223K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 506.33 | +0.150% | $1.2M | $503K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 506.30 | +0.144% | $721K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0038% | 1h | 506.44 | +0.172% | $1.2M | $4.7M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 506.12 | +0.109% | $94K | $83K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 506.60 | +0.204% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 505.89 | +0.063% | $11K | $16K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 506.12 | +0.109% | $22.5M | $9.3M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 506.03 | +0.091% | $320K | $674K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 506.00 | +0.085% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 505.97 | +0.079% | $525K | $425K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 506.41 | +0.167% | $223 | — | 5x | as long as short |
| OKX MSFT-USDT-SWAP | +0.0067% | 8h | 506.38 | +0.160% | $3.2M | $2.8M | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0082% | 8h | 505.81 | +0.047% | $1.6M | $289K | 20x | as long as short |
| ApeX Omni MSFTUSDTlong | +0.0100% | 1h | 505.57 | long leg | $161K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 506.08 | +0.101% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 505.34 | −0.046% | $56 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 506.25 | +0.135% | $116K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0228% | 4h | 505.88 | +0.062% | $103K | $243K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
OKX MSFT-USDT-SWAP
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC