Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%
Price spread now: Binance against Gate+0.027%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$390.395% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 2 days (all we have)+0.020%+$2 · spread now +0.027%, 7d avg +0.048%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.021% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSFT_USDT | 501.77 | 0 | get 0.0000% / 8h | 1h 53m | $3.1M | $1.5M | 100x |
| Short | Binance MSFTUSDT | 501.91 | 0 | get 0.0000% / 8h | 1h 53m | $15.7M | $19.3M | 20x |
Gate MSFT_USDT
Binance MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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: +0.027% → +0.048%
- −$2.1
- Slippage, 4 orders
- −$14.47
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$41.57
- Costs to cover
- 0.395%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Binance: 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 Gate live order book, 5 min ago | 1.89 bp | 11.1 bp −$11 | 36.3 bp −$363 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.40 bp | 6.9 bp −$7 | 10.6 bp −$106 | 46.4 bp −$4,636 | 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 | −0.0813% | 4h | 501.72 | −0.010% | $102K | $242K | 10x | as long as short |
| Nado MSFT-PERP | −0.0026% | 1h | 501.74 | −0.007% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.01 | +0.048% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.88 | +0.023% | $372K | $369K | 17x | as long as short |
| Binance MSFTUSDTshort | 0.0000% | 8h | 501.91 | +0.027% | $15.7M | $19.3M | 20x | |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.92 | +0.030% | $7.4M | $1.7M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.81 | +0.008% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDTlong | 0.0000% | 8h | 501.77 | long leg | $3.1M | $1.5M | 100x | |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.89 | +0.024% | $3.8M | $2.2M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.61 | −0.031% | $1.3M | $710K | — | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Bitget MSFTUSDT
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 | 501.79 | +0.003% | $19K | $325K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.75 | +0.195% | $6K | $4.4M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.70 | −0.014% | $27K | $104K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 501.64 | −0.026% | $687K | $448K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.90 | +0.026% | $59K | $230K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.12 | +0.070% | $2.2M | $769K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0016% | 8h | 501.94 | +0.034% | $188K | $210K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.86 | +0.018% | $652K | $2.1M | 20x | as long as short |
| QFEX MSFT-USD | +0.0040% | 1h | 501.86 | +0.018% | $1.2M | $5.8M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.77 | 0.000% | — | — | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.61 | −0.032% | $22.2M | $9.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.54 | −0.046% | $305K | $686K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.90 | +0.026% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.48 | −0.058% | $529K | $494K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0054% | 8h | 501.90 | +0.026% | $221 | — | 5x | as long as short |
| Lighter MSFT | +0.0064% | 1h | 501.95 | +0.036% | $1.1M | $589K | 20x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.58 | −0.038% | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0096% | 1h | 501.75 | −0.004% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.48 | −0.058% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.48 | −0.058% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.88 | +0.022% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.93 | +0.032% | $55 | — | 10x | as long as short |
| Arcus MSFT-USD | +0.0200% | 1h | 501.78 | +0.002% | $109K | $90K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.17 | +0.279% | $115K | $45K | 30x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter RH MSFT
QFEX 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
Phoenix MSFT
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Arcus MSFT-USD
Injective MSFT/USDC PERP