Funding you earn now, next payment 08:00 UTC−0.0729%/8h= −79.9% APRpaid last 24h +0.061%
Price spread now: SunX against edgeX+0.201%74s7-day average +0.167% · you sell dearer than you buy
Net, funding: paid 7d − costs−$237as 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−$2342.342% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.201%, 7d avg +0.167%
=Together, before fees−0.045%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.034% dearer against edgeX than usual: you sell high and buy low (spread +0.201% now, against its 7-day average of +0.167%): +$3 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.030% in total) that is about 7.9 days. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.030% in total (about -1.6% 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 | 503.60 | 0.0729 | pay 0.0365% / 4h | 37m 57s | $102K | $243K | 10x |
| Short | SunX MSFT-USDT | 504.61 | 0 | get 0.0000% / 8h | 37m 57s | $6K | $3.8M | 20x |
edgeX MSFTUSDC
SunX MSFT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$153.15
- Price spread: +0.201% → +0.167%
- $3.42
- Slippage, 4 orders
- −$217.21
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$383.93
- Costs to cover
- 2.342%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 64 min ago; SunX: live order book, 10 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, 64 min ago | 5.26 bp | 9.9 bp −$10 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell SunX live order book, 10 min ago | 29.14 bp | 104.0 bp −$104 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSFT-PERP | −0.0027% | 1h | 503.37 | −0.044% | $414K | $67K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0004% | 8h | 503.82 | +0.044% | $190K | $206K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.66 | +0.013% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.64 | +0.009% | $338K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.78 | +0.036% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.44 | −0.031% | $7.3M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.80 | +0.040% | $3.0M | $2.4M | 20x | as long as short |
| Hotstuff MSFT-PERP | 0.0000% | 1h | 503.25 | −0.069% | $32K | $8K | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.54 | −0.011% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.64 | +0.009% | $3.8M | $2.9M | 100x | as long as short |
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Hotstuff MSFT-PERP
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 | 503.60 | 0.000% | $1.3M | $414K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.63 | +0.006% | $19K | $323K | 10x | as long as short |
| SunX MSFT-USDTshort | 0.0000% | 8h | 504.61 | +0.201% | $6K | $3.8M | 20x | |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 502.97 | −0.125% | $682K | $454K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.66 | +0.013% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.86 | +0.052% | $2.2M | $820K | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.63 | +0.007% | $1.2M | $532K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.51 | −0.017% | $707K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0037% | 1h | 503.65 | +0.011% | $1.2M | $4.7M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.44 | −0.031% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.73 | +0.026% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.25 | −0.069% | $22.4M | $8.8M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.38 | −0.043% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.57 | −0.005% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.20 | −0.079% | $512K | $428K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0054% | 8h | 503.56 | −0.008% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.41 | −0.037% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.08 | −0.103% | $1.6M | $63K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.18 | −0.083% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.64 | +0.009% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.68 | +0.017% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.82 | +0.243% | $116K | $45K | 30x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0227% | 1h | 503.61 | +0.003% | $27K | $44K | 10x | as long as short |
| edgeX MSFTUSDClong | +0.0729% | 4h | 503.60 | long leg | $102K | $243K | 10x |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
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
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
Deribit MSFT_USDC-PERPETUAL