Funding you earn now, next payment 08:00 UTC−0.0324%/8h= −35.5% APRpaid last 24h −0.061%
Price spread now: edgeX against Gate−0.041%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$440.435% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.041%, 7d avg +0.032%
=Together, before fees+0.041%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and edgeX is 0.073% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.032%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% 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 | Gate MSFT_USDT | 503.28 | 0 | get 0.0000% / 8h | 3h 09m | $3.1M | $1.8M | 100x |
| Short | edgeX MSFTUSDC | 503.07 | −0.0324 | pay 0.0162% / 4h | 3h 09m | $102K | $242K | 10x |
Gate MSFT_USDT
edgeX MSFTUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$68.04
- Price spread: −0.041% → +0.032%
- −$7.32
- Slippage, 4 orders
- −$19.51
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$118.87
- Costs to cover
- 0.435%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; edgeX: live order book, 43 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, 3 min ago | 3.48 bp | 12.2 bp −$12 | 66.8 bp −$668 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 43 min ago | 5.19 bp | 9.8 bp −$10 | 12.2 bp −$122 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDCshort | −0.0324% | 4h | 503.07 | −0.041% | $102K | $242K | 10x | |
| Hotstuff MSFT-PERP | −0.0208% | 1h | 502.65 | −0.125% | $32K | $8K | 20x | as long as short |
| Nado MSFT-PERP | −0.0104% | 1h | 503.24 | −0.007% | $414K | $65K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 502.66 | −0.123% | $680K | $451K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.42 | +0.028% | $162K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.58 | +0.060% | $339K | $890K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.75 | +0.094% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.40 | +0.024% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.73 | +0.089% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDTlong | 0.0000% | 8h | 503.28 | long leg | $3.1M | $1.8M | 100x |
Hotstuff MSFT-PERP
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 503.56 | +0.056% | $4.5M | $2.6M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 502.85 | −0.086% | $1.3M | $490K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.10 | −0.035% | $19K | $301K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.17 | +0.177% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.06 | −0.044% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.29 | +0.002% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.36 | +0.016% | $2.2M | $779K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0006% | 1h | 503.07 | −0.042% | $22.2M | $8.8M | 20x | as long as short |
| BloFin MSFT-USDT | +0.0029% | 8h | 503.09 | −0.038% | $190K | $205K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.38 | +0.020% | $1.1M | $504K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.23 | −0.010% | $679K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 503.55 | +0.054% | $1.1M | $4.9M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 502.95 | −0.066% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.13 | −0.030% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 502.95 | −0.066% | $11K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 502.95 | −0.066% | $304K | $705K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.11 | −0.034% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.25 | −0.006% | $512K | $459K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 503.38 | +0.021% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.81 | −0.093% | $1.6M | $56K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.93 | −0.070% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.17 | −0.022% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.20 | −0.016% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.08 | −0.040% | $115K | $45K | 30x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
tradeXYZ xyz:MSFT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix 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
Injective MSFT/USDC PERP