MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0056%/8h= +6.2% APRnext payment +$0.07 per $10,000 · paid last 24h +0.086%

Price spread now: Arcus against Coinbase International+0.092%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.131%+$13 on $10k

Price spread, last 3 days (all we have)−0.047%−$5 · spread now +0.092%, 7d avg +0.086%

Together, before fees+0.084%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.086%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSFT-PERP-INTX	500.87	−0.0016	get 0.0002% / 1h	26m 27s	$684K	$451K	10x
Short	Arcus MSFT-USD	501.33	0.0040	get 0.0005% / 1h	26m 27s	$97K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.092%Rate

Funding earned: $11.82
Price spread: +0.092% → +0.086%: $0.56
Slippage, 4 orders: −$21.26
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$23.38
Costs to cover: 0.358%
Break-even: 20.8 days

Slippage from Coinbase International: live order book, 42 min ago; Arcus: live order book, 41 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, 42 min ago	1.80 bp	7.7 bp −$8	11.4 bp −$114	doesn't fit	doesn't fit
Sell Arcus live order book, 41 min ago	2.29 bp	11.6 bp −$12	14.2 bp −$142	doesn't fit	doesn't fit

MSFT on 33 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-INTXlong	−0.0016%	1h	500.87	long leg	$684K	$451K	10x
Aster MSFTUSDT	0.0000%	8h	501.50	+0.126%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.44	+0.114%	$342K	$894K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.60	+0.146%	$15.6M	$18.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.49	+0.124%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.65	+0.156%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.40	+0.106%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.43	+0.112%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.54	+0.133%	$1.3M	$682K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.43	+0.111%	$19K	$294K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	502.33	+0.291%	$6K	$4.1M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.45	+0.116%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.59	+0.144%	$2.2M	$765K	10x	as long as short
Nado MSFT-PERP	+0.0006%	1h	501.22	+0.070%	$414K	$64K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.37	+0.100%	$619K	$2.0M	20x	as long as short
Hotstuff MSFT-PERP	+0.0032%	1h	501.13	+0.052%	$32K	$8K	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	501.43	+0.112%	$1.1M	$5.8M	10x	as long as short
Arcus MSFT-USDshort	+0.0040%	1h	501.33	+0.092%	$97K	$109K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	501.30	+0.086%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.19	+0.064%	$22.1M	$9.2M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.20	+0.066%	$303K	$671K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.45	+0.116%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.15	+0.056%	$521K	$518K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	501.42	+0.110%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.21	+0.068%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.13	+0.052%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.07	+0.040%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.43	+0.112%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.48	+0.121%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0149%	1h	501.34	+0.094%	$27K	$41K	10x	as long as short
Lighter MSFT	+0.0168%	1h	501.65	+0.156%	$1.1M	$489K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.62	+0.150%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0314%	4h	501.51	+0.128%	$102K	$242K	10x	as long as short