Funding you earn now, next payment 01:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.078%
Price spread now: Bitget against Arcus+0.042%7-day average +0.038% · 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−$38as in the Price arb table
costs, in and out, $10k−$380.381% of the position
Funding, last 3 days (all we have)−0.134%−$13 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.042%, 7d avg +0.038%
=The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MSFT-USD | 501.34 | 0.0212 | pay 0.0026% / 1h | 16m 57s | $97K | $109K | 10x |
| Short | Bitget MSFTUSDT | 501.55 | 0 | get 0.0000% / 8h | 7h 16m | $3.8M | $2.1M | 100x |
Arcus MSFT-USD
Bitget MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$44.47
- Price spread: +0.042% → +0.038%
- $0.39
- Slippage, 4 orders
- −$21.58
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$82.17
- Costs to cover
- 0.381%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 56 min ago; Bitget: live order book, 1 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, 56 min ago | 2.39 bp | 8.7 bp −$9 | 9.5 bp −$95 | 19.5 bp −$1,945 | doesn't fit |
| Sell Bitget live order book, 1 min ago | 1.70 bp | 11.0 bp −$11 | 15.2 bp −$152 | 32.5 bp −$3,247 | 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 | −0.0969% | 4h | 501.47 | +0.026% | $102K | $243K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 501.24 | −0.020% | $685K | $453K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.50 | +0.033% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.43 | +0.017% | $337K | $900K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.54 | +0.040% | $15.7M | $18.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.27 | −0.014% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.44 | +0.020% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.32 | −0.004% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDTshort | 0.0000% | 8h | 501.55 | +0.042% | $3.8M | $2.1M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 501.48 | +0.028% | $1.3M | $690K | — | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.52 | +0.036% | $19K | $290K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.23 | +0.178% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.15 | −0.038% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.37 | +0.006% | $58K | $227K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.92 | +0.116% | $2.2M | $761K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0011% | 8h | 501.48 | +0.028% | $188K | $205K | 20x | as long as short |
| Nado MSFT-PERP | +0.0013% | 1h | 501.09 | −0.051% | $414K | $64K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.27 | −0.014% | $619K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0044% | 1h | 501.39 | +0.010% | $1.1M | $5.8M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.29 | −0.010% | — | $1K | 25x | as long as short |
| Hotstuff MSFT-PERP | +0.0048% | 1h | 501.19 | −0.030% | $32K | $8K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.16 | −0.036% | $22.2M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.16 | −0.036% | $303K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.35 | +0.002% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.99 | −0.070% | $514K | $503K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 501.34 | 0.000% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.11 | −0.046% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.32 | −0.004% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.95 | −0.078% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.31 | −0.006% | $8K | — | 10x | as long as short |
| Lighter MSFT | +0.0104% | 1h | 501.49 | +0.030% | $1.1M | $486K | 20x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.27 | −0.014% | $55 | — | 10x | as long as short |
| Arcus MSFT-USDlong | +0.0212% | 1h | 501.34 | long leg | $97K | $109K | 10x | |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.82 | +0.096% | $115K | $45K | 30x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Nado MSFT-PERP
Lighter RH MSFT
QFEX MSFT-USD
Vest MSFT-USD-PERP
Hotstuff MSFT-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Lighter MSFT
Aevo MSFT-PERP
Injective MSFT/USDC PERP