Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.015%
Price spread now: Bitget against Deribit+0.038%7-day average +0.044% · 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−$32as in the Price arb table
costs, in and out, $10k−$320.315% of the position
Funding, last 5 days (all we have)−0.069%−$7 on $10k
+Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.038%, 7d avg +0.044%
=The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MSFT_USDC-PERPETUAL | 501.50 | 0.0049 | pay 0.0006% / 1h | 4m 16s | $27K | $102K | 10x |
| Short | Bitget MSFTUSDT | 501.69 | 0 | get 0.0000% / 8h | 4m 16s | $3.8M | $2.3M | 100x |
Deribit MSFT_USDC-PERPETUAL
Bitget MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Deribit. 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
- −$10.33
- Price spread: +0.038% → +0.044%
- −$0.6
- Slippage, 4 orders
- −$12.51
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$42.44
- Costs to cover
- 0.315%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 9 min ago; Bitget: live order book, 4 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 Deribit live order book, 9 min ago | 0.10 bp | 3.6 bp −$4 | 7.0 bp −$70 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 1.69 bp | 10.1 bp −$10 | 12.9 bp −$129 | 41.5 bp −$4,152 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0978% | 4h | 501.69 | +0.037% | $102K | $243K | 10x | as long as short |
| Nado MSFT-PERP | −0.0021% | 1h | 501.42 | −0.015% | $414K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0020% | 8h | 501.74 | +0.048% | $188K | $209K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0016% | 1h | 501.76 | +0.052% | $687K | $449K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.0008% | 1h | 501.34 | −0.032% | $32K | $8K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.73 | +0.047% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.59 | +0.018% | $337K | $387K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.69 | +0.038% | $15.6M | $19.0M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.89 | +0.078% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.41 | −0.018% | $3.1M | $1.7M | 100x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
BloFin MSFT-USDT
Coinbase International MSFT-PERP-INTX
Hotstuff MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDTshort | 0.0000% | 8h | 501.69 | +0.038% | $3.8M | $2.3M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 501.68 | +0.035% | $1.3M | $692K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.83 | +0.065% | $18K | $295K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.51 | +0.201% | $6K | $4.3M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.60 | +0.020% | $58K | $228K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.93 | +0.086% | $2.2M | $746K | 10x | as long as short |
| Bybit MSFTUSDT | +0.0030% | 8h | 501.81 | +0.062% | $7.4M | $1.7M | 100x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.56 | +0.012% | $619K | $2.1M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.53 | +0.006% | — | $1K | 25x | as long as short |
| QFEX MSFT-USD | +0.0049% | 1h | 501.65 | +0.030% | $1.2M | $5.9M | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUALlong | +0.0049% | 1h | 501.50 | long leg | $27K | $102K | 10x | |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.31 | −0.038% | $22.3M | $9.4M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.31 | −0.038% | $303K | $678K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.59 | +0.018% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.22 | −0.056% | $529K | $493K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 501.62 | +0.024% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.51 | +0.002% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.15 | −0.070% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.46 | −0.008% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.64 | +0.028% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.64 | +0.028% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0160% | 1h | 501.78 | +0.056% | $1.1M | $586K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.31 | +0.162% | $115K | $45K | 30x | as long as short |
| Arcus MSFT-USD | +0.0286% | 1h | 501.59 | +0.018% | $97K | $109K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Bybit MSFTUSDT
Lighter RH MSFT
Vest MSFT-USD-PERP
QFEX MSFT-USD
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
Arcus MSFT-USD