MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.027%

Price spread now: KuCoin against Bybit−0.060%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1541.541% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.177%+$18 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.060%, 7d avg −0.056%

Together, before fees+0.193%+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.056%, 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	Bybit MSFTUSDT	502.34	0	get 0.0000% / 8h	3h 25m	$7.2M	$2.2M	100x
Short	KuCoin MSFTUSDTM	502.04	0.0100	get 0.0100% / 8h	3h 25m	$1.6M	$53K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.060%Rate

Funding earned: $21
Price spread: −0.060% → −0.056%: −$0.38
Slippage, 4 orders: −$131.09
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$133.47
Costs to cover: 1.541%
Break-even: 51.5 days

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 5 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, 2 min ago	0.80 bp	9.3 bp −$9	24.3 bp −$243	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	10.17 bp	100.0 bp −$100	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
Nado MSFT-PERP	−0.0102%	1h	502.30	−0.009%	$415K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	500.97	−0.273%	$677K	$447K	10x	as long as short
tradeXYZ xyz:MSFT	−0.0006%	1h	502.20	−0.028%	$22.2M	$8.8M	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.47	+0.025%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.51	+0.033%	$339K	$884K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.64	+0.060%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDTlong	0.0000%	8h	502.34	long leg	$7.2M	$2.2M	100x
OKX MSFT-USDT-SWAP	0.0000%	8h	502.63	+0.058%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.37	+0.006%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.57	+0.046%	$4.4M	$2.6M	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	502.37	+0.006%	$1.3M	$607K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.17	−0.033%	$19K	$297K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	503.22	+0.175%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	502.22	−0.024%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.24	−0.020%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.55	+0.042%	$2.2M	$778K	10x	as long as short
BloFin MSFT-USDT	+0.0016%	8h	502.43	+0.018%	$189K	$204K	20x	as long as short
Lighter MSFT	+0.0032%	1h	502.66	+0.064%	$1.1M	$503K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.48	+0.028%	$679K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	502.58	+0.048%	$1.2M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	502.06	−0.056%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.47	+0.026%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.61	−0.145%	$10K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	502.11	−0.046%	$303K	$701K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.32	−0.004%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	502.51	+0.035%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.96	−0.076%	$511K	$461K	15x	as long as short
Hotstuff MSFT-PERP	+0.0056%	1h	502.30	−0.008%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTMshort	+0.0100%	8h	502.04	−0.060%	$1.6M	$53K	20x
ApeX Omni MSFTUSDT	+0.0100%	1h	501.65	−0.137%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.36	+0.004%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.39	+0.010%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.14	−0.040%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0905%	4h	501.92	−0.084%	$102K	$244K	10x	as long as short