Funding you earn now, next payment 03:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h −0.051%
Price spread now: KuCoin against Arcus−0.012%7-day average −0.043% · 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−$183as in the Price arb table
costs, in and out, $10k−$1861.861% of the position
Funding, last 4 days (all we have)−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.012%, 7d avg −0.043%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.031% dearer against Arcus than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.043%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MSFT-USD | 501.42 | 0.0040 | pay 0.0005% / 1h | 58m 44s | $97K | $109K | 10x |
| Short | KuCoin MSFTUSDTM | 501.36 | 0.0100 | get 0.0100% / 8h | 5h 58m | $1.5M | $19K | 20x |
Arcus MSFT-USD
KuCoin MSFTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.012% → −0.043%
- $3.15
- Slippage, 4 orders
- −$169.63
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$170.44
- Costs to cover
- 1.861%
- Break-even
- 102.1 days
Slippage from Arcus: live order book, 4 min ago; KuCoin: live order book, 2 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, 4 min ago | 1.20 bp | 8.0 bp −$8 | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 10.88 bp | 91.5 bp −$92 | doesn't fit | doesn't fit | doesn't fit |
MSFT on 33 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 | −0.0623% | 4h | 501.59 | +0.034% | $102K | $244K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.0229% | 1h | 501.21 | −0.042% | $27K | $41K | 10x | as long as short |
| Nado MSFT-PERP | −0.0187% | 1h | 501.48 | +0.012% | $414K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 501.24 | −0.036% | $679K | $457K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.79 | +0.073% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.51 | +0.017% | $337K | $889K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.61 | +0.038% | $15.6M | $18.8M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.69 | +0.054% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.69 | +0.054% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.47 | +0.010% | $3.1M | $1.6M | 100x | as long as short |
edgeX MSFTUSDC
Deribit MSFT_USDC-PERPETUAL
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_USDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 501.60 | +0.036% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.60 | +0.035% | $1.3M | $650K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.58 | +0.032% | $19K | $295K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.34 | +0.183% | $6K | $4.1M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.45 | +0.006% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.71 | +0.058% | $2.2M | $763K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.48 | +0.012% | $651K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0038% | 1h | 501.41 | −0.002% | $1.1M | $5.7M | 10x | as long as short |
| Arcus MSFT-USDlong | +0.0040% | 1h | 501.42 | long leg | $97K | $109K | 10x | |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.53 | +0.022% | — | $1K | 25x | as long as short |
| Hotstuff MSFT-PERP | +0.0048% | 1h | 501.22 | −0.040% | $32K | $8K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.26 | −0.032% | $22.1M | $9.3M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.23 | −0.038% | $303K | $671K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.48 | +0.012% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.21 | −0.042% | $522K | $483K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0053% | 8h | 501.51 | +0.018% | $221 | — | 5x | as long as short |
| Lighter MSFT | +0.0072% | 1h | 501.73 | +0.062% | $1.1M | $454K | 20x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.41 | −0.002% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTMshort | +0.0100% | 8h | 501.36 | −0.012% | $1.5M | $19K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.22 | −0.040% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.47 | +0.010% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.44 | +0.004% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.87 | +0.090% | $115K | $45K | 30x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
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
Lighter MSFT
Phoenix MSFT
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP