MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h −0.015%

Price spread now: Injective against Arcus+0.095%7-day average −0.010% · 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−$29as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Arcus Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.090%+$9 on $10k

Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.095%, 7d avg −0.010%

Together, before fees+0.015%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.105% dearer against Arcus than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSFT-USD	503.39	0.0040	pay 0.0005% / 1h	58m 01s	$97K	$110K	10x
Short	Injective MSFT/USDC PERP	503.87	0.0220	get 0.0028% / 1h	58m 01s	$115K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.095%Rate

Funding earned: $37.74
Price spread: +0.095% → −0.010%: $10.54
Slippage, 4 orders: −$34.87
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $8.89
Costs to cover: 0.394%
Break-even: 5.4 days

Slippage from Arcus: live order book, 40 min ago; Injective: live order book, 41 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, 40 min ago	3.87 bp	8.4 bp −$8	13.0 bp −$130	doesn't fit	doesn't fit
Sell Injective live order book, 41 min ago	10.03 bp	10.0 bp −$10	10.0 bp −$100	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	−0.0646%	4h	503.49	+0.021%	$102K	$244K	10x	as long as short
Nado MSFT-PERP	−0.0057%	1h	503.34	−0.010%	$414K	$67K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	502.95	−0.087%	$688K	$473K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.55	+0.032%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.58	+0.037%	$339K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.70	+0.061%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.41	+0.004%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.73	+0.068%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.54	+0.030%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.48	+0.018%	$3.9M	$2.9M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	503.61	+0.044%	$1.3M	$400K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.63	+0.047%	$19K	$320K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.40	+0.201%	$6K	$3.7M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.36	−0.006%	$27K	$44K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.46	+0.014%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.66	+0.054%	$2.2M	$819K	10x	as long as short
BloFin MSFT-USDT	+0.0024%	8h	503.53	+0.028%	$191K	$205K	20x	as long as short
Hotstuff MSFT-PERP	+0.0024%	1h	503.14	−0.050%	$32K	$8K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.46	+0.014%	$1.2M	$508K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.38	−0.002%	$705K	$1.8M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.46	+0.014%	$1.1M	$4.6M	10x	as long as short
Arcus MSFT-USDlong	+0.0040%	1h	503.39	long leg	$97K	$110K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	503.67	+0.056%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.20	−0.038%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.19	−0.040%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.39	0.000%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.25	−0.028%	$513K	$429K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	503.41	+0.004%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.28	−0.022%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.10	−0.058%	$1.6M	$84K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.41	+0.004%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.48	+0.018%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.53	+0.029%	$55	—	10x	as long as short
Injective MSFT/USDC PERPshort	+0.0220%	1h	503.87	+0.095%	$115K	$45K	30x