MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0200%/8h= −21.9% APRnext payment −$0.25 per $10,000 · paid last 24h −0.070%

Price spread now: Coinbase International against Arcus−0.064%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.122%−$12 on $10k

Price spread, last 3 days (all we have)+0.029%+$3 · spread now −0.064%, 7d avg −0.089%

Together, before fees−0.092%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.025% dearer against Arcus than usual: you sell high and buy low (spread −0.064% now, against its 7-day average of −0.089%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSFT-USD	501.90	0.0200	pay 0.0025% / 1h	34m 27s	$99K	$106K	10x
Short	Coinbase International MSFT-PERP-INTX	501.58	0	get 0.0000% / 1h	34m 27s	$688K	$449K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee Coinbase InternationalbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$42.02
Price spread: −0.064% → −0.089%: $2.48
Slippage, 4 orders: −$17.1
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$71.14
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Arcus: live order book, 48 min ago; Coinbase International: 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, 48 min ago	3.69 bp	6.6 bp −$7	9.4 bp −$94	19.1 bp −$1,910	doesn't fit
Sell Coinbase International live order book, 49 min ago	2.89 bp	8.1 bp −$8	11.9 bp −$119	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
BloFin MSFT-USDT	−0.0006%	8h	501.92	+0.004%	$187K	$209K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.03	+0.025%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.88	−0.005%	$340K	$401K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.99	+0.017%	$15.7M	$19.3M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.96	+0.012%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.76	−0.028%	$3.1M	$1.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.99	+0.018%	$1.3M	$708K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.08	+0.035%	$18K	$319K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.70	+0.159%	$6K	$4.4M	20x	as long as short
Coinbase International MSFT-PERP-INTXshort	0.0000%	1h	501.58	−0.064%	$688K	$449K	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MSFT-USDT	0.0000%	8h	501.82	−0.016%	$59K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.93	+0.006%	$2.2M	$763K	10x	as long as short
Bitget MSFTUSDT	+0.0006%	8h	501.96	+0.012%	$3.8M	$2.2M	100x	as long as short
Bybit MSFTUSDT	+0.0024%	8h	501.96	+0.012%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.85	−0.010%	$653K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	501.97	+0.014%	$1.2M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.82	−0.016%	—	—	25x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0049%	1h	501.67	−0.046%	$27K	$104K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.49	−0.082%	$22.3M	$9.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.49	−0.082%	$305K	$682K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.82	−0.016%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.60	−0.060%	$529K	$493K	15x	as long as short
Nado MSFT-PERP	+0.0051%	1h	501.55	−0.070%	$414K	$64K	20x	as long as short
Paradex MSFT-USD-PERP	+0.0063%	8h	501.76	−0.028%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.69	−0.042%	$10K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0096%	1h	501.53	−0.074%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.49	−0.082%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.56	−0.068%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.83	−0.014%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.86	−0.007%	$55	—	10x	as long as short
edgeX MSFTUSDC	+0.0111%	4h	502.06	+0.033%	$102K	$243K	10x	as long as short
Lighter MSFT	+0.0176%	1h	502.03	+0.026%	$1.1M	$590K	20x	as long as short
Arcus MSFT-USDlong	+0.0200%	1h	501.90	long leg	$99K	$106K	10x
Injective MSFT/USDC PERP	+0.0220%	1h	502.34	+0.088%	$115K	$45K	30x	as long as short