Funding you earn now, next payment 21:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h −0.016%
Price spread now: Phoenix against ApeX Omni+0.002%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSFTUSDT | 501.55 | 0.0100 | pay 0.0013% / 1h | 20m 40s | $160K | $7K | 50x |
| Short | Phoenix MSFT | 501.56 | 0.0096 | get 0.0012% / 1h | 20m 40s | $10K | $15K | 20x |
ApeX Omni MSFTUSDT
Phoenix MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$0.9
- Price spread: +0.002% → 0.000%
- $0.2
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$17.7
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: ApeX Omni: live order book, 65 min ago; Phoenix: 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, 65 min ago | 5.08 bp | 10.1 bp −$10 | 71.1 bp −$711 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 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 | −0.0470% | 4h | 501.67 | +0.023% | $102K | $243K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0040% | 1h | 501.47 | −0.016% | $690K | $434K | 10x | as long as short |
| Nado MSFT-PERP | −0.0023% | 1h | 501.47 | −0.015% | $414K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0018% | 8h | 501.64 | +0.018% | $188K | $209K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.0008% | 1h | 501.39 | −0.032% | $32K | $8K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.89 | +0.068% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.67 | +0.024% | $372K | $369K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.71 | +0.032% | $15.7M | $19.3M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.78 | +0.046% | $7.4M | $1.7M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.66 | +0.022% | $3.0M | $2.3M | 20x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
BloFin MSFT-USDT
Hotstuff MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | 0.0000% | 8h | 501.54 | −0.002% | $3.1M | $1.5M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.73 | +0.036% | $3.8M | $2.2M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.67 | +0.023% | $1.3M | $726K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.73 | +0.037% | $18K | $330K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.50 | +0.189% | $6K | $4.4M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.68 | +0.026% | $27K | $104K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.59 | +0.008% | $59K | $230K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.87 | +0.064% | $2.2M | $765K | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 501.66 | +0.022% | $1.1M | $653K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.56 | +0.002% | $652K | $2.2M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.70 | +0.030% | — | — | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.40 | −0.030% | $22.2M | $10.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.30 | −0.050% | $309K | $683K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.66 | +0.022% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 501.60 | +0.011% | $221 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.24 | −0.062% | $521K | $485K | 15x | as long as short |
| QFEX MSFT-USD | +0.0050% | 1h | 501.55 | 0.000% | $1.1M | $5.7M | 10x | as long as short |
| Phoenix MSFTshort | +0.0096% | 1h | 501.56 | +0.002% | $10K | $15K | 20x | |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.15 | −0.080% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDTlong | +0.0100% | 1h | 501.55 | long leg | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.58 | +0.006% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.63 | +0.015% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.03 | +0.096% | $115K | $45K | 30x | as long as short |
| Arcus MSFT-USD | +0.0531% | 1h | 501.51 | −0.008% | $109K | $90K | 10x | as long as short |
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
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
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
Arcus MSFT-USD