MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.21 per $10,000 · paid last 24h +0.037%

Price spread now: ApeX Omni against Coinbase International+0.014%75s7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.365% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.014%, 7d avg +0.038%

Together, before fees+0.186%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.024% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.038%). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$5 a day). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSFT-PERP-INTX	503.76	−0.0064	get 0.0008% / 1h	13m 38s	$684K	$493K	10x
Short	ApeX Omni MSFTUSDT	503.83	0.0100	get 0.0013% / 1h	13m 38s	$160K	$7K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now +0.014%Rate

Funding earned: $34.44
Price spread: +0.014% → +0.038%: −$2.4
Slippage, 4 orders: −$16.51
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$4.47
Costs to cover: 0.365%
Break-even: 7.9 days

Slippage from Coinbase International: live order book, 35 min ago; ApeX Omni: live order book, 32 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 Coinbase International live order book, 35 min ago	2.89 bp	8.2 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 32 min ago	5.08 bp	10.1 bp −$10	58.6 bp −$586	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
Hotstuff MSFT-PERP	−0.0096%	1h	503.91	+0.030%	$33K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTXlong	−0.0064%	1h	503.76	long leg	$684K	$493K	10x
Nado MSFT-PERP	−0.0027%	1h	504.04	+0.055%	$415K	$68K	20x	as long as short
BloFin MSFT-USDT	−0.0021%	8h	504.40	+0.127%	$190K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.99	+0.045%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.23	+0.094%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.37	+0.121%	$15.8M	$19.5M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.09	+0.066%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.49	+0.145%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.17	+0.081%	$3.1M	$1.8M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	504.40	+0.127%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.27	+0.102%	$1.3M	$477K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.23	+0.094%	$18K	$323K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	505.21	+0.288%	$6K	$3.9M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.30	+0.107%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.71	+0.189%	$2.2M	$812K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	503.99	+0.046%	$11K	$15K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.09	+0.066%	$693K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	504.26	+0.099%	$1.2M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	504.07	+0.062%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.26	+0.099%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.89	+0.026%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.96	+0.040%	$303K	$719K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.24	+0.095%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.75	−0.002%	$518K	$471K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	504.24	+0.095%	$222	—	5x	as long as short
Lighter MSFT	+0.0080%	1h	504.31	+0.109%	$1.2M	$516K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.66	−0.020%	$1.6M	$57K	20x	as long as short
ApeX Omni MSFTUSDTshort	+0.0100%	1h	503.83	+0.014%	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.23	+0.093%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.29	+0.105%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0187%	1h	504.18	+0.083%	$27K	$43K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.42	+0.131%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0633%	4h	504.28	+0.103%	$103K	$244K	10x	as long as short