Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: SunX against Bybit+0.202%7-day average +0.176% · you sell dearer than you buy
Net, funding: paid 7d − costs−$235as in the Funding arb table
Net, price: spread back to 7d avg − costs−$232as in the Price arb table
costs, in and out, $10k−$2342.342% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.202%, 7d avg +0.176%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.025% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.176%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MSFTUSDT | 501.10 | 0 | get 0.0000% / 8h | 3h 50m | $7.2M | $2.2M | 100x |
| Short | SunX MSFT-USDT | 502.11 | 0 | get 0.0000% / 8h | 3h 50m | $6K | $4.0M | 20x |
Bybit MSFTUSDT
SunX MSFT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: +0.202% → +0.176%
- $2.51
- Slippage, 4 orders
- −$215.2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$231.69
- Costs to cover
- 2.342%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; SunX: live order book, 7 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 | 0.60 bp | 9.5 bp −$10 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell SunX live order book, 7 min ago | 29.17 bp | 104.9 bp −$105 | 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 | −0.0122% | 1h | 501.21 | +0.022% | $414K | $64K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.0035% | 1h | 500.92 | −0.036% | $22.1M | $8.7M | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 500.97 | −0.026% | $677K | $450K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.20 | +0.020% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.19 | +0.019% | $337K | $883K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.34 | +0.048% | $15.7M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDTlong | 0.0000% | 8h | 501.10 | long leg | $7.2M | $2.2M | 100x | |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.32 | +0.044% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.21 | +0.022% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.25 | +0.030% | $4.5M | $2.5M | 100x | as long as short |
Nado MSFT-PERP
tradeXYZ xyz:MSFT
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 501.27 | +0.033% | $1.3M | $607K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.28 | +0.037% | $19K | $300K | 10x | as long as short |
| SunX MSFT-USDTshort | 0.0000% | 8h | 502.11 | +0.202% | $6K | $4.0M | 20x | |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.09 | −0.002% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.21 | +0.022% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.40 | +0.060% | $2.2M | $770K | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0008% | 1h | 500.91 | −0.038% | $32K | $8K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0018% | 8h | 501.32 | +0.044% | $189K | $204K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 501.37 | +0.054% | $1.1M | $498K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.09 | −0.002% | $676K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 501.24 | +0.028% | $1.1M | $4.9M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.04 | −0.012% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.35 | +0.050% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.06 | −0.008% | $10K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.00 | −0.020% | $302K | $697K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.20 | +0.020% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.94 | −0.032% | $518K | $452K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0054% | 8h | 501.25 | +0.030% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.73 | −0.074% | $1.6M | $52K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.93 | −0.034% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.22 | +0.024% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.24 | +0.027% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.54 | +0.088% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0713% | 4h | 501.28 | +0.036% | $102K | $243K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Hotstuff MSFT-PERP
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC