MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0162%/8h= −17.7% APRnext payment −$0.20 per $10,000 · paid last 24h −0.067%

Price spread now: tradeXYZ against Arcus−0.038%7-day average −0.071% · 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−$33as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Arcus Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.038%, 7d avg −0.071%

Together, before fees−0.088%+ Points / potential airdroptradeXYZ: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.033% dearer against Arcus than usual: you sell high and buy low (spread −0.038% now, against its 7-day average of −0.071%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSFT-USD	501.99	0.0212	pay 0.0026% / 1h	48m 30s	$97K	$109K	10x
Short	tradeXYZ xyz:MSFT	501.80	0.0050	get 0.0006% / 1h	48m 30s	$22.3M	$9.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$33.97
Price spread: −0.038% → −0.071%: $3.27
Slippage, 4 orders: −$13.93
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$67.13
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from Arcus: live order book, 24 min ago; tradeXYZ: live order book, 10 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, 24 min ago	2.39 bp	8.7 bp −$9	9.5 bp −$95	19.5 bp −$1,945	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.20 bp	9.8 bp −$10	12.4 bp −$124	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	−0.0010%	8h	502.22	+0.046%	$188K	$207K	20x	as long as short
Nado MSFT-PERP	−0.0010%	1h	501.85	−0.027%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.57	−0.084%	$680K	$450K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.07	+0.017%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.05	+0.011%	$342K	$532K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.14	+0.031%	$15.7M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	502.18	+0.038%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.35	+0.072%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.88	−0.022%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.17	+0.036%	$3.8M	$2.2M	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	502.14	+0.029%	$1.3M	$690K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.04	+0.009%	$19K	$296K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	503.01	+0.203%	$6K	$4.2M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.97	−0.004%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.09	+0.020%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.47	+0.096%	$2.2M	$753K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.00	+0.002%	$618K	$2.0M	20x	as long as short
Hotstuff MSFT-PERP	+0.0040%	1h	501.81	−0.036%	$32K	$8K	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	501.98	−0.002%	$1.1M	$5.9M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.95	−0.008%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFTshort	+0.0050%	1h	501.80	−0.038%	$22.3M	$9.1M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	501.74	−0.050%	$303K	$673K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.16	+0.034%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.59	−0.080%	$529K	$491K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	502.02	+0.006%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.96	−0.006%	$10K	$15K	20x	as long as short
Lighter MSFT	+0.0080%	1h	502.24	+0.050%	$1.1M	$486K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.83	−0.032%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.87	−0.024%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.04	+0.010%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.02	+0.007%	$55	—	10x	as long as short
Arcus MSFT-USDlong	+0.0212%	1h	501.99	long leg	$97K	$109K	10x
Injective MSFT/USDC PERP	+0.0220%	1h	502.20	+0.042%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0477%	4h	501.98	−0.001%	$102K	$243K	10x	as long as short