Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Extended against Bybit+0.038%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$380.379% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.038%, 7d avg −0.006%
=Together, before fees−0.049%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.044% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MSFTUSDT | 503.56 | 0 | get 0.0000% / 8h | 7h 56m | $7.2M | $2.3M | 100x |
| Short | Extended MSFT_24_5-USD | 503.75 | 0 | get 0.0000% / 1h | 56m 44s | $339K | $1.9M | 17x |
Bybit MSFTUSDT
Extended MSFT_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bybit. 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
- $0
- Price spread: +0.038% → −0.006%
- $4.38
- Slippage, 4 orders
- −$21.86
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$33.48
- Costs to cover
- 0.379%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Extended: 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 Bybit live order book, 1 min ago | 1.29 bp | 12.6 bp −$13 | 40.1 bp −$401 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 0.89 bp | 6.2 bp −$6 | 33.2 bp −$332 | 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 | −0.0056% | 1h | 503.34 | −0.044% | $690K | $480K | 10x | as long as short |
| Nado MSFT-PERP | −0.0052% | 1h | 503.46 | −0.019% | $414K | $67K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.65 | +0.018% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USDshort | 0.0000% | 1h | 503.75 | +0.038% | $339K | $1.9M | 17x | |
| Binance MSFTUSDT | 0.0000% | 8h | 503.77 | +0.041% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDTlong | 0.0000% | 8h | 503.56 | long leg | $7.2M | $2.3M | 100x | |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.90 | +0.068% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.62 | +0.012% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.75 | +0.038% | $3.9M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.61 | +0.010% | $1.3M | $400K | — | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.46 | −0.020% | $19K | $318K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.63 | +0.212% | $6K | $3.7M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.66 | +0.020% | $27K | $44K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.76 | +0.040% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.23 | +0.133% | $2.2M | $820K | 10x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 503.63 | +0.014% | $1.1M | $4.6M | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0024% | 1h | 503.09 | −0.093% | $32K | $8K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0028% | 8h | 503.89 | +0.066% | $192K | $206K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.57 | +0.002% | $1.2M | $509K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.49 | −0.014% | $705K | $1.8M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.59 | +0.006% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.72 | +0.032% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.29 | −0.054% | $22.4M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.45 | −0.022% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.61 | +0.010% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.36 | −0.040% | $513K | $429K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 503.56 | 0.000% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.05 | −0.101% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.28 | −0.056% | $1.6M | $86K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.95 | −0.121% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.77 | +0.042% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.83 | +0.053% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.87 | +0.062% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0947% | 4h | 503.54 | −0.003% | $102K | $244K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
QFEX MSFT-USD
Hotstuff MSFT-PERP
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC