Funding you earn now, next payment 09:00 UTC+0.0060%/8h= +6.5% APRnext payment +$0.07 per $10,000 · paid last 24h −0.051%
Price spread now: ApeX Omni against Arcus+0.002%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$390.394% of the position
Funding, last 4 days (all we have)−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.002%, 7d avg −0.044%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.045% dearer against Arcus than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MSFT-USD | 504.17 | 0.0040 | pay 0.0005% / 1h | 47m 06s | $97K | $110K | 10x |
| Short | ApeX Omni MSFTUSDT | 504.18 | 0.0100 | get 0.0013% / 1h | 47m 06s | $160K | $7K | 50x |
Arcus MSFT-USD
ApeX Omni MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Arcus. 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
- $12.54
- Price spread: +0.002% → −0.044%
- $4.55
- Slippage, 4 orders
- −$24.95
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$22.36
- Costs to cover
- 0.394%
- Break-even
- 19.5 days
Slippage from Arcus: live order book, 51 min ago; ApeX Omni: live order book, 49 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 Arcus live order book, 51 min ago | 3.87 bp | 8.4 bp −$8 | 13.0 bp −$130 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 49 min ago | 5.07 bp | 10.1 bp −$10 | 58.8 bp −$588 | 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 | −0.0960% | 4h | 504.46 | +0.057% | $103K | $244K | 10x | as long as short |
| Nado MSFT-PERP | −0.0084% | 1h | 504.22 | +0.010% | $415K | $67K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0056% | 1h | 504.06 | −0.022% | $683K | $492K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.41 | +0.047% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.21 | +0.008% | $338K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.25 | +0.016% | $15.9M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.01 | −0.032% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.58 | +0.081% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.07 | −0.020% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.20 | +0.006% | $3.9M | $3.0M | 100x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
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 | 504.39 | +0.044% | $1.3M | $401K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.57 | +0.079% | $18K | $318K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.21 | +0.206% | $6K | $3.7M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.87 | −0.060% | $27K | $44K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.26 | +0.018% | $59K | $224K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.41 | +0.048% | $2.2M | $827K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 504.20 | +0.006% | $11K | $15K | 20x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 504.41 | +0.048% | $1.1M | $4.6M | 10x | as long as short |
| BloFin MSFT-USDT | +0.0025% | 8h | 504.34 | +0.034% | $191K | $205K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 504.03 | −0.028% | $1.2M | $510K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.01 | −0.032% | $697K | $1.9M | 20x | as long as short |
| Arcus MSFT-USDlong | +0.0040% | 1h | 504.17 | long leg | $97K | $110K | 10x | |
| tradeXYZ xyz:MSFT | +0.0042% | 1h | 503.84 | −0.065% | $22.4M | $9.0M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.46 | +0.058% | — | $1K | 25x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 504.23 | +0.012% | $304K | $679K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.06 | −0.022% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 504.00 | −0.034% | $514K | $411K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 504.28 | +0.022% | $222 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.89 | −0.056% | $1.6M | $97K | 20x | as long as short |
| ApeX Omni MSFTUSDTshort | +0.0100% | 1h | 504.18 | +0.002% | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.39 | +0.044% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.27 | +0.020% | $55 | — | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0184% | 1h | 504.01 | −0.032% | $33K | $8K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 505.94 | +0.351% | $116K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
QFEX MSFT-USD
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
tradeXYZ xyz:MSFT
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Hotstuff MSFT-PERP
Injective MSFT/USDC PERP