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 HTX−0.079%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$367as in the Funding arb table
Net, price: spread back to 7d avg − costs−$387as in the Price arb table
costs, in and out, $10k−$3853.854% of the position
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.079%, 7d avg −0.063%
=The price spread sits at its 7-day average of −0.063%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MSFT-USDT | 503.50 | 0 | get 0.0000% / 8h | 1h 05m | $59K | $226K | 20x |
| Short | KuCoin MSFTUSDTM | 503.10 | 0.0100 | get 0.0100% / 8h | 1h 05m | $1.6M | $60K | 20x |
HTX MSFT-USDT
KuCoin MSFTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against HTX. 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: −0.079% → −0.063%
- −$1.68
- Slippage, 4 orders
- −$361.41
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$366.1
- Costs to cover
- 3.854%
- Break-even
- 129.0 days
Slippage from HTX: live order book, 36 min ago; KuCoin: live order book, 6 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 HTX live order book, 36 min ago | 2.68 bp | 11.3 bp −$11 | 23.0 bp −$230 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 7.45 bp | 218.5 bp −$218 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0748% | 4h | 503.68 | +0.036% | $102K | $243K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0048% | 1h | 503.66 | +0.032% | $682K | $499K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0001% | 8h | 503.74 | +0.048% | $190K | $207K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.32 | −0.036% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.53 | +0.006% | $339K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.58 | +0.015% | $15.8M | $19.5M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.35 | −0.030% | $7.3M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.64 | +0.028% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.43 | −0.014% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.62 | +0.024% | $3.8M | $3.0M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
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 | 503.60 | +0.019% | $1.3M | $414K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.72 | +0.044% | $18K | $328K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.48 | +0.195% | $6K | $3.9M | 20x | as long as short |
| HTX MSFT-USDTlong | 0.0000% | 8h | 503.50 | long leg | $59K | $226K | 20x | |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.74 | +0.048% | $2.2M | $823K | 10x | as long as short |
| Nado MSFT-PERP | +0.0022% | 1h | 503.40 | −0.019% | $414K | $67K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0024% | 1h | 503.21 | −0.058% | $32K | $8K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0028% | 1h | 503.42 | −0.016% | $27K | $44K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.37 | −0.026% | $694K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0039% | 1h | 503.62 | +0.024% | $1.2M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.41 | −0.018% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.70 | +0.040% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.29 | −0.042% | $22.4M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.34 | −0.032% | $303K | $718K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.42 | −0.016% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.09 | −0.081% | $513K | $453K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 503.51 | +0.002% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.38 | −0.024% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTMshort | +0.0100% | 8h | 503.10 | −0.079% | $1.6M | $60K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.24 | −0.052% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.50 | 0.000% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.56 | +0.012% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0144% | 1h | 503.54 | +0.008% | $1.2M | $533K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.98 | +0.095% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Phemex MSFTUSDT
Nado MSFT-PERP
Hotstuff MSFT-PERP
Deribit MSFT_USDC-PERPETUAL
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
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP