MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.94 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Bitget−0.100%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1841.841% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.100%, 7d avg −0.093%

Together, before fees+0.198%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.093%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSFTUSDT	502.08	0.0006	pay 0.0006% / 8h	1h 28m	$3.8M	$2.2M	100x
Short	KuCoin MSFTUSDTM	501.58	0.0100	get 0.0100% / 8h	1h 28m	$1.5M	$19K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.100%Rate

Funding earned: $19.74
Price spread: −0.100% → −0.093%: −$0.67
Slippage, 4 orders: −$160.13
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$165.06
Costs to cover: 1.841%
Break-even: 65.5 days

Slippage from Bitget: 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 Bitget live order book, 4 min ago	1.59 bp	7.6 bp −$8	9.8 bp −$98	34.8 bp −$3,480	doesn't fit
Sell KuCoin live order book, 2 min ago	7.48 bp	80.1 bp −$80	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
edgeX MSFTUSDC	−0.0817%	4h	501.97	−0.022%	$102K	$243K	10x	as long as short
BloFin MSFT-USDT	−0.0009%	8h	502.04	−0.008%	$188K	$209K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.14	+0.013%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.07	−0.002%	$337K	$407K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.16	+0.016%	$15.7M	$19.3M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.18	+0.020%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.85	−0.046%	$3.1M	$1.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.98	−0.019%	$1.3M	$708K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.02	−0.012%	$19K	$318K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.85	+0.153%	$6K	$4.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.58	−0.100%	$688K	$449K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.92	−0.032%	$58K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.20	+0.024%	$2.2M	$763K	10x	as long as short
Bitget MSFTUSDTlong	+0.0006%	8h	502.08	long leg	$3.8M	$2.2M	100x
Bybit MSFTUSDT	+0.0021%	8h	502.07	−0.002%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.94	−0.028%	$653K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	501.95	−0.026%	$1.1M	$5.8M	10x	as long as short
Nado MSFT-PERP	+0.0041%	1h	501.70	−0.076%	$414K	$64K	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.74	−0.068%	—	$1K	25x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0049%	1h	501.86	−0.044%	$27K	$104K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.74	−0.068%	$22.3M	$9.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.56	−0.104%	$305K	$679K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.99	−0.018%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.62	−0.092%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0062%	8h	501.87	−0.041%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.88	−0.040%	$10K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0088%	1h	501.62	−0.092%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTMshort	+0.0100%	8h	501.58	−0.100%	$1.5M	$19K	20x
ApeX Omni MSFTUSDT	+0.0100%	1h	501.79	−0.058%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.91	−0.034%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.96	−0.023%	$55	—	10x	as long as short
Lighter MSFT	+0.0168%	1h	502.12	+0.008%	$1.1M	$590K	20x	as long as short
Arcus MSFT-USD	+0.0200%	1h	501.91	−0.034%	$98K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.17	+0.018%	$115K	$45K	30x	as long as short