Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%
Price spread now: Bitget against Coinbase International+0.125%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$350.346% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.125%, 7d avg +0.117%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MSFT-PERP-INTX | 502.97 | 0 | get 0.0000% / 1h | 44m 23s | $682K | $454K | 10x |
| Short | Bitget MSFTUSDT | 503.60 | 0 | get 0.0000% / 8h | 44m 23s | $3.8M | $2.9M | 100x |
Coinbase International MSFT-PERP-INTX
Bitget MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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 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: +0.125% → +0.117%
- $0.85
- Slippage, 4 orders
- −$12.64
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$33.79
- Costs to cover
- 0.346%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 59 min ago; Bitget: live order book, 3 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, 59 min ago | 2.48 bp | 7.8 bp −$8 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.29 bp | 8.4 bp −$8 | 11.0 bp −$110 | 45.2 bp −$4,524 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MSFT_USDC-PERPETUAL | −0.0048% | 1h | 503.20 | +0.046% | $27K | $44K | 10x | as long as short |
| Nado MSFT-PERP | −0.0034% | 1h | 503.50 | +0.106% | $414K | $67K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.40 | +0.086% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.46 | +0.096% | $338K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.59 | +0.123% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.44 | +0.093% | $7.3M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.73 | +0.151% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.32 | +0.070% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDTshort | 0.0000% | 8h | 503.60 | +0.125% | $3.8M | $2.9M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 503.40 | +0.085% | $1.3M | $414K | — | as long as short |
Deribit MSFT_USDC-PERPETUAL
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
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 | 503.52 | +0.109% | $18K | $325K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.32 | +0.268% | $6K | $3.8M | 20x | as long as short |
| Coinbase International MSFT-PERP-INTXlong | 0.0000% | 1h | 502.97 | long leg | $682K | $454K | 10x | |
| HTX MSFT-USDT | 0.0000% | 8h | 503.44 | +0.093% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.79 | +0.163% | $2.2M | $820K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0013% | 8h | 503.55 | +0.115% | $191K | $206K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.59 | +0.123% | $1.2M | $522K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.38 | +0.082% | $698K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0037% | 1h | 503.48 | +0.101% | $1.2M | $4.7M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.27 | +0.060% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.65 | +0.135% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.12 | +0.030% | $22.4M | $8.8M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.23 | +0.052% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.44 | +0.093% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.06 | +0.018% | $512K | $428K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0054% | 8h | 503.48 | +0.102% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.31 | +0.068% | $11K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0096% | 1h | 503.13 | +0.032% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.99 | +0.004% | $1.6M | $62K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.11 | +0.028% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.43 | +0.091% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.50 | +0.105% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.82 | +0.368% | $116K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0666% | 4h | 503.46 | +0.097% | $102K | $244K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
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
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC