Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Gate−0.091%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1911.908% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 7 days−0.011%−$1 · spread now −0.091%, 7d avg −0.065%
=Funding pays, the price is against you. KuCoin is 0.026% cheaper against Gate than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.065%). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSFT_USDT | 504.18 | 0 | get 0.0000% / 8h | 2h 12m | $3.1M | $1.8M | 100x |
| Short | KuCoin MSFTUSDTM | 503.72 | 0.0100 | get 0.0100% / 8h | 2h 12m | $1.6M | $57K | 20x |
Gate MSFT_USDT
KuCoin MSFTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.091% → −0.065%
- −$2.61
- Slippage, 4 orders
- −$163.78
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$172.39
- Costs to cover
- 1.908%
- Break-even
- 64.5 days
Slippage from Gate: live order book, 5 min ago; KuCoin: 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 | 3.67 bp | 11.5 bp −$12 | 28.0 bp −$280 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 8.34 bp | 113.8 bp −$114 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.0096% | 1h | 503.91 | −0.054% | $33K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 503.76 | −0.083% | $684K | $493K | 10x | as long as short |
| Nado MSFT-PERP | −0.0024% | 1h | 503.99 | −0.038% | $415K | $68K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.06 | −0.025% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.25 | +0.014% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.43 | +0.050% | $15.9M | $19.5M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.16 | −0.004% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.47 | +0.058% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDTlong | 0.0000% | 8h | 504.18 | long leg | $3.1M | $1.8M | 100x | |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.38 | +0.040% | $3.8M | $3.0M | 100x | as long as short |
Hotstuff MSFT-PERP
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
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 | +0.018% | $1.3M | $477K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.36 | +0.035% | $18K | $323K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.12 | +0.186% | $6K | $3.9M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.21 | +0.006% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.70 | +0.103% | $2.2M | $812K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 504.07 | −0.022% | $11K | $15K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0030% | 8h | 504.34 | +0.032% | $189K | $206K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.19 | +0.002% | $691K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 504.26 | +0.016% | $1.2M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 504.07 | −0.022% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.23 | +0.010% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.94 | −0.048% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.95 | −0.046% | $303K | $718K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.20 | +0.004% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.75 | −0.085% | $518K | $471K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 504.28 | +0.021% | $222 | — | 5x | as long as short |
| Lighter MSFT | +0.0088% | 1h | 504.41 | +0.046% | $1.2M | $516K | 20x | as long as short |
| KuCoin MSFTUSDTMshort | +0.0100% | 8h | 503.72 | −0.091% | $1.6M | $57K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.96 | −0.044% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.19 | +0.002% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.25 | +0.015% | $55 | — | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0167% | 1h | 504.16 | −0.004% | $27K | $43K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.42 | +0.048% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0633% | 4h | 504.28 | +0.020% | $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
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Deribit MSFT_USDC-PERPETUAL
Injective MSFT/USDC PERP
edgeX MSFTUSDC