Funding you earn now, next payment 22:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.036%
Price spread now: Injective against ApeX Omni+0.100%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days+0.233%+$23 on $10k
+Price spread, last 3 days (all we have)+0.116%+$12 · spread now +0.100%, 7d avg +0.016%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 0.084% dearer against ApeX Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSFTUSDT | 501.53 | 0.0100 | pay 0.0013% / 1h | 21m 41s | $160K | $7K | 50x |
| Short | Injective MSFT/USDC PERP | 502.03 | 0.0220 | get 0.0028% / 1h | 21m 41s | $115K | $45K | 30x |
ApeX Omni MSFTUSDT
Injective MSFT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $25.2
- Price spread: +0.100% → +0.016%
- $8.41
- Slippage, 4 orders
- −$30.31
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$6.72
- Costs to cover
- 0.403%
- Break-even
- 8.9 days
Slippage from ApeX Omni: live order book, 64 min ago; Injective: 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 Injective live order book, 2 min ago | 10.07 bp | 10.1 bp −$10 | 10.1 bp −$101 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0040% | 1h | 501.47 | −0.012% | $690K | $434K | 10x | as long as short |
| Nado MSFT-PERP | −0.0024% | 1h | 501.51 | −0.005% | $414K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | 0.0000% | 8h | 501.67 | +0.028% | $189K | $209K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.88 | +0.070% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.65 | +0.024% | $372K | $369K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.69 | +0.031% | $15.7M | $19.3M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.79 | +0.052% | $7.4M | $1.7M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.81 | +0.056% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.55 | +0.004% | $3.1M | $1.5M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.74 | +0.042% | $3.8M | $2.2M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
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 | 501.67 | +0.027% | $1.3M | $726K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.75 | +0.044% | $18K | $330K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.42 | +0.177% | $6K | $4.4M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.55 | +0.004% | $27K | $104K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.59 | +0.012% | $59K | $230K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.82 | +0.058% | $2.2M | $765K | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0024% | 1h | 501.40 | −0.026% | $32K | $8K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 501.69 | +0.032% | $1.1M | $653K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.60 | +0.014% | $652K | $2.2M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.70 | +0.034% | — | — | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.42 | −0.022% | $22.2M | $10.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.27 | −0.052% | $309K | $683K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.61 | +0.016% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 501.62 | +0.018% | $221 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.24 | −0.058% | $521K | $485K | 15x | as long as short |
| QFEX MSFT-USD | +0.0050% | 1h | 501.69 | +0.032% | $1.1M | $5.7M | 10x | as long as short |
| Phoenix MSFT | +0.0096% | 1h | 501.45 | −0.016% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.22 | −0.062% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDTlong | +0.0100% | 1h | 501.53 | long leg | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.56 | +0.006% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.61 | +0.017% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERPshort | +0.0220% | 1h | 502.03 | +0.100% | $115K | $45K | 30x | |
| Arcus MSFT-USD | +0.0531% | 1h | 501.55 | +0.004% | $109K | $90K | 10x | as long as short |
| edgeX MSFTUSDC | +0.0989% | 4h | 501.68 | +0.031% | $102K | $242K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Hotstuff MSFT-PERP
Lighter MSFT
Lighter RH MSFT
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Ondo Perps MSFT-USD.P
QFEX MSFT-USD
Phoenix MSFT
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Arcus MSFT-USD
edgeX MSFTUSDC