Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.021%
Price spread now: Extended against ApeX Omni+0.036%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$670.672% of the position
Funding, last 7 days−0.195%−$20 on $10k
+Price spread, last 3 days (all we have)+0.014%+$1 · spread now +0.036%, 7d avg +0.055%
=Together, before fees−0.181%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSFTUSDT | 501.79 | 0.0100 | pay 0.0013% / 1h | 29m 11s | $160K | $7K | 50x |
| Short | Extended MSFT_24_5-USD | 501.97 | 0 | get 0.0000% / 1h | 29m 11s | $337K | $407K | 17x |
ApeX Omni MSFTUSDT
Extended MSFT_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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: +0.036% → +0.055%
- −$1.93
- Slippage, 4 orders
- −$52.23
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$90.16
- Costs to cover
- 0.672%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 52 min ago; Extended: live order book, 53 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, 52 min ago | 18.97 bp | 24.0 bp −$24 | 104.4 bp −$1,044 | doesn't fit | doesn't fit |
| Sell Extended live order book, 53 min ago | 0.60 bp | 5.7 bp −$6 | 22.1 bp −$221 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0817% | 4h | 501.97 | +0.036% | $102K | $243K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0009% | 8h | 502.04 | +0.050% | $188K | $209K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.01 | +0.044% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USDshort | 0.0000% | 1h | 501.97 | +0.036% | $337K | $407K | 17x | |
| Binance MSFTUSDT | 0.0000% | 8h | 502.11 | +0.064% | $15.7M | $19.3M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.18 | +0.078% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.85 | +0.012% | $3.1M | $1.6M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.98 | +0.038% | $1.3M | $708K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.02 | +0.046% | $19K | $318K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.85 | +0.211% | $6K | $4.4M | 20x | as long as short |
edgeX MSFTUSDC
BloFin MSFT-USDT
Aster MSFTUSDT
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 501.58 | −0.042% | $688K | $449K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.92 | +0.026% | $58K | $228K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.20 | +0.082% | $2.2M | $763K | 10x | as long as short |
| Bitget MSFTUSDT | +0.0006% | 8h | 502.08 | +0.058% | $3.8M | $2.2M | 100x | as long as short |
| Bybit MSFTUSDT | +0.0021% | 8h | 502.07 | +0.056% | $7.4M | $1.7M | 100x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.94 | +0.030% | $653K | $2.1M | 20x | as long as short |
| QFEX MSFT-USD | +0.0040% | 1h | 501.95 | +0.032% | $1.1M | $5.8M | 10x | as long as short |
| Nado MSFT-PERP | +0.0041% | 1h | 501.70 | −0.018% | $414K | $64K | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.74 | −0.010% | — | $1K | 25x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0049% | 1h | 501.86 | +0.014% | $27K | $104K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.74 | −0.010% | $22.3M | $9.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.56 | −0.046% | $305K | $679K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.99 | +0.040% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.62 | −0.034% | $529K | $493K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0062% | 8h | 501.87 | +0.017% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.88 | +0.018% | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0088% | 1h | 501.62 | −0.034% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.55 | −0.048% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDTlong | +0.0100% | 1h | 501.79 | long leg | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.91 | +0.024% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.96 | +0.035% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0168% | 1h | 502.12 | +0.066% | $1.1M | $590K | 20x | as long as short |
| Arcus MSFT-USD | +0.0200% | 1h | 501.91 | +0.024% | $98K | $109K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.17 | +0.076% | $115K | $45K | 30x | as long as short |
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
Bitget MSFTUSDT
Bybit MSFTUSDT
Lighter RH MSFT
QFEX MSFT-USD
Nado MSFT-PERP
Vest MSFT-USD-PERP
Deribit MSFT_USDC-PERPETUAL
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Arcus MSFT-USD
Injective MSFT/USDC PERP