Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.025%
Price spread now: ApeX Omni against Extended−0.061%52s7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as 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−$310.311% of the position
Funding, last 7 days+0.195%+$20 on $10k
+Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.061%, 7d avg −0.055%
=Together, before fees+0.201%+ Points / potential airdropExtended: Active · farm board+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MSFT_24_5-USD | 504.27 | 0 | get 0.0000% / 1h | 12m 24s | $338K | $1.2M | 17x |
| Short | ApeX Omni MSFTUSDT | 503.96 | 0.0100 | get 0.0013% / 1h | 12m 24s | $160K | $7K | 50x |
Extended MSFT_24_5-USD
ApeX Omni MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Extended. 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
- $21
- Price spread: −0.061% → −0.055%
- −$0.53
- Slippage, 4 orders
- −$16.06
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$10.59
- Costs to cover
- 0.311%
- Break-even
- 10.5 days
Slippage from Extended: live order book, 1 min ago; ApeX Omni: live order book, 33 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 Extended live order book, 1 min ago | 0.20 bp | 5.5 bp −$6 | 26.8 bp −$268 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 33 min ago | 5.08 bp | 10.1 bp −$10 | 58.6 bp −$586 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.0096% | 1h | 503.91 | −0.071% | $33K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 503.76 | −0.100% | $684K | $493K | 10x | as long as short |
| Nado MSFT-PERP | −0.0023% | 1h | 504.09 | −0.036% | $415K | $68K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.07 | −0.039% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USDlong | 0.0000% | 1h | 504.27 | long leg | $338K | $1.2M | 17x | |
| Binance MSFTUSDT | 0.0000% | 8h | 504.47 | +0.041% | $15.9M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.20 | −0.013% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.47 | +0.040% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.26 | −0.001% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.39 | +0.025% | $3.8M | $3.0M | 100x | as long as short |
Hotstuff MSFT-PERP
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
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 | 504.27 | +0.001% | $1.3M | $477K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.36 | +0.018% | $18K | $323K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.12 | +0.169% | $6K | $3.9M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.21 | −0.011% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.70 | +0.086% | $2.2M | $812K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 504.07 | −0.039% | $11K | $15K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0030% | 8h | 504.34 | +0.015% | $189K | $206K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.19 | −0.015% | $691K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 504.30 | +0.007% | $1.1M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 504.07 | −0.039% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.30 | +0.007% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 504.00 | −0.053% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 504.07 | −0.039% | $304K | $718K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.20 | −0.013% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.75 | −0.102% | $518K | $471K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 504.28 | +0.003% | $222 | — | 5x | as long as short |
| Lighter MSFT | +0.0088% | 1h | 504.41 | +0.028% | $1.2M | $516K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.72 | −0.108% | $1.6M | $57K | 20x | as long as short |
| ApeX Omni MSFTUSDTshort | +0.0100% | 1h | 503.96 | −0.061% | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.25 | −0.003% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.33 | +0.013% | $55 | — | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0167% | 1h | 504.16 | −0.021% | $27K | $43K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.42 | +0.030% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0633% | 4h | 504.28 | +0.003% | $103K | $244K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
BloFin MSFT-USDT
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
Lighter MSFT
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Deribit MSFT_USDC-PERPETUAL
Injective MSFT/USDC PERP
edgeX MSFTUSDC