Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.029%
Price spread now: KuCoin against Binance−0.154%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$650.646% of the position
Funding, last 7 days+0.158%+$16 on $10k
+Price spread, last 7 days+0.131%+$13 · spread now −0.154%, 7d avg −0.100%
=Funding pays, the price is against you. KuCoin is 0.055% cheaper against Binance than usual: you would sell low and buy high (spread −0.154% now, against its 7-day average of −0.100%). If the spread goes back, that is −$5 on $10k: about 44 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MSFTUSDT | 505.09 | 0 | get 0.0000% / 8h | 6h 55m | $16.3M | $19.7M | 20x |
| Short | KuCoin MSFTUSDTM | 504.31 | 0.0100 | get 0.0100% / 8h | 6h 55m | $1.6M | $147K | 20x |
Binance MSFTUSDT
KuCoin MSFTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- $21
- Price spread: −0.154% → −0.100%
- −$5.49
- Slippage, 4 orders
- −$42.65
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$49.14
- Costs to cover
- 0.646%
- Break-even
- 23.4 days
Slippage from Binance: live order book, just now; KuCoin: 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 Binance live order book, just now | 0.10 bp | 6.9 bp −$7 | 9.9 bp −$99 | 37.9 bp −$3,790 | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 7.04 bp | 29.2 bp −$29 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 504.59 | −0.099% | $692K | $455K | 10x | as long as short |
| Nado MSFT-PERP | −0.0001% | 1h | 504.65 | −0.086% | $415K | $67K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.85 | −0.048% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.91 | −0.036% | $326K | $1.9M | 17x | as long as short |
| Binance MSFTUSDTlong | 0.0000% | 8h | 505.09 | long leg | $16.3M | $19.7M | 20x | |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.77 | −0.063% | $7.3M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 505.13 | +0.008% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.80 | −0.057% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.90 | −0.038% | $3.9M | $2.8M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 505.01 | −0.017% | $1.3M | $388K | — | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MSFT-USDT | 0.0000% | 8h | 505.85 | +0.150% | $6K | $3.5M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.99 | −0.020% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 505.37 | +0.055% | $2.3M | $868K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 504.40 | −0.137% | $11K | $5K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0024% | 8h | 504.98 | −0.022% | $191K | $207K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.85 | −0.048% | $709K | $1.7M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.85 | −0.048% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 504.54 | −0.109% | $22.5M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 504.54 | −0.109% | $304K | $650K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.87 | −0.044% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 504.43 | −0.131% | $537K | $374K | 15x | as long as short |
| Arcus MSFT-USD | +0.0052% | 1h | 504.78 | −0.061% | $93K | $115K | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0056% | 1h | 504.53 | −0.111% | $33K | $8K | 20x | as long as short |
| QFEX MSFT-USD | +0.0061% | 1h | 504.94 | −0.030% | $1.2M | $4.6M | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0062% | 8h | 504.83 | −0.052% | $222 | — | 5x | as long as short |
| Lighter MSFT | +0.0072% | 1h | 504.86 | −0.046% | $1.2M | $472K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0087% | 1h | 504.74 | −0.069% | $27K | $45K | 10x | as long as short |
| GRVT MSFT_USDT_Perp | +0.0088% | 8h | 504.86 | −0.046% | $19K | $312K | 10x | as long as short |
| KuCoin MSFTUSDTMshort | +0.0100% | 8h | 504.31 | −0.154% | $1.6M | $147K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 504.50 | −0.117% | $161K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.81 | −0.055% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.72 | −0.073% | $56 | — | 10x | as long as short |
| edgeX MSFTUSDC | +0.0204% | 4h | 504.86 | −0.045% | $103K | $242K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 505.86 | +0.152% | $116K | $45K | 30x | as long as short |
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
BloFin MSFT-USDT
Lighter RH MSFT
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Arcus MSFT-USD
Hotstuff MSFT-PERP
QFEX MSFT-USD
Paradex MSFT-USD-PERP
Lighter MSFT
Deribit MSFT_USDC-PERPETUAL
GRVT MSFT_USDT_Perp
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
edgeX MSFTUSDC
Injective MSFT/USDC PERP