Funding you earn now, next payment 09:00 UTC−0.0636%/8h= −69.6% APRpaid last 24h +0.132%
Price spread now: Injective against edgeX+0.007%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$810.805% of the position
Funding, last 7 days+0.409%+$41 on $10k
+Price spread, last 4 days (all we have)+0.439%+$44 · spread now +0.007%, 7d avg −0.036%
=Together, before fees+0.848%+ Points / potential airdropedgeX: Active · farm board+$85 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.042% dearer against edgeX than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.036%): +$4 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.409%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.409% in total (about 21.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSFTUSDC | 504.04 | 0.0856 | pay 0.0428% / 4h | 3h 12m | $103K | $244K | 10x |
| Short | Injective MSFT/USDC PERP | 504.07 | 0.0220 | get 0.0028% / 1h | 12m 53s | $115K | $45K | 30x |
edgeX MSFTUSDC
Injective MSFT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against edgeX. 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
- −$133.46
- Price spread: +0.007% → −0.036%
- $4.24
- Slippage, 4 orders
- −$71.52
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$209.75
- Costs to cover
- 0.805%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 19 min ago; Injective: live order book, 21 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 edgeX live order book, 19 min ago | 5.35 bp | 10.0 bp −$10 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Injective live order book, 21 min ago | 30.23 bp | 30.2 bp −$30 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0056% | 1h | 503.64 | −0.079% | $685K | $450K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0016% | 8h | 504.18 | +0.029% | $191K | $205K | 20x | as long as short |
| Nado MSFT-PERP | −0.0011% | 1h | 503.79 | −0.050% | $415K | $67K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.13 | +0.019% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.01 | −0.005% | $335K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.15 | +0.023% | $16.3M | $19.5M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.79 | −0.049% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.12 | +0.017% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.82 | −0.043% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.04 | +0.001% | $3.9M | $2.8M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit 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 | 504.13 | +0.019% | $1.3M | $392K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.10 | +0.013% | $19K | $314K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.90 | +0.171% | $6K | $3.5M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.83 | −0.041% | $27K | $45K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.06 | +0.005% | $58K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.26 | +0.044% | $2.2M | $852K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.73 | −0.061% | $11K | $15K | 20x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 504.02 | −0.003% | $1.1M | $4.6M | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.89 | −0.029% | $1.2M | $526K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.93 | −0.021% | $701K | $1.9M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.83 | −0.041% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.09 | +0.011% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.51 | −0.104% | $22.4M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.82 | −0.043% | $303K | $650K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.84 | −0.039% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.65 | −0.077% | $536K | $392K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0056% | 8h | 503.92 | −0.023% | $222 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.57 | −0.092% | $1.6M | $129K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.75 | −0.057% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.77 | −0.053% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.97 | −0.012% | $55 | — | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0216% | 1h | 503.55 | −0.096% | $32K | $8K | 20x | as long as short |
| Injective MSFT/USDC PERPshort | +0.0220% | 1h | 504.07 | +0.007% | $115K | $45K | 30x | |
| edgeX MSFTUSDClong | +0.0856% | 4h | 504.04 | long leg | $103K | $244K | 10x |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
QFEX MSFT-USD
Lighter MSFT
Lighter RH MSFT
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
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Hotstuff MSFT-PERP