Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against HTX+0.105%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$840.836% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.105%, 7d avg +0.058%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.047% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.058%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MSFT-USDT | 506.06 | 0 | get 0.0000% / 8h | 4h 10m | $49K | $247K | 20x |
| Short | Phemex MSFTUSDT | 506.59 | 0 | get 0.0000% / 8h | 4h 10m | $2.3M | $971K | 10x |
HTX MSFT-USDT
Phemex MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.105% → +0.058%
- $4.72
- Slippage, 4 orders
- −$59.63
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$78.91
- Costs to cover
- 0.836%
- Break-even
- never at this rate
Slippage from HTX: live order book, 29 min ago; Phemex: live order book, 1 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, 29 min ago | 2.67 bp | 14.5 bp −$14 | 21.9 bp −$219 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 0.59 bp | 30.8 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
MSFT on 34 exchanges
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 | −0.1600% | 1h | 505.80 | −0.051% | $33K | $8K | 20x | as long as short |
| edgeX MSFTUSDC | −0.0564% | 4h | 506.05 | −0.001% | $103K | $242K | 10x | as long as short |
| Nado MSFT-PERP | −0.0024% | 1h | 505.98 | −0.015% | $413K | $72K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 505.56 | −0.099% | $704K | $739K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0004% | 8h | 506.32 | +0.051% | $203K | $227K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 506.07 | +0.002% | $166K | $117K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 506.16 | +0.019% | $326K | $2.3M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 506.41 | +0.069% | $16.3M | $22.3M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 506.13 | +0.014% | $7.4M | $2.6M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 506.01 | −0.010% | $3.2M | $2.0M | 100x | as long as short |
Hotstuff MSFT-PERP
edgeX MSFTUSDC
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 506.39 | +0.065% | $4.0M | $3.2M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 506.18 | +0.023% | $1.3M | $438K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 506.00 | −0.012% | $19K | $330K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 507.08 | +0.202% | $6K | $3.3M | 20x | as long as short |
| HTX MSFT-USDTlong | 0.0000% | 8h | 506.06 | long leg | $49K | $247K | 20x | |
| Phemex MSFTUSDTshort | 0.0000% | 8h | 506.59 | +0.105% | $2.3M | $971K | 10x | |
| Lighter MSFT | +0.0032% | 1h | 506.11 | +0.010% | $1.2M | $519K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 506.07 | +0.002% | $723K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0038% | 1h | 506.13 | +0.014% | $1.2M | $4.6M | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0039% | 1h | 505.88 | −0.036% | $21.7M | $10.1M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 506.15 | +0.018% | $94K | $83K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 506.30 | +0.047% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 505.69 | −0.073% | $11K | $16K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 506.05 | −0.002% | $320K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 506.13 | +0.014% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 505.85 | −0.041% | $516K | $431K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0053% | 8h | 506.06 | 0.000% | $223 | — | 5x | as long as short |
| OKX MSFT-USDT-SWAP | +0.0054% | 8h | 506.50 | +0.087% | $3.2M | $2.9M | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0054% | 8h | 505.58 | −0.095% | $1.6M | $331K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0086% | 1h | 506.02 | −0.008% | $30K | $45K | 10x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 505.47 | −0.117% | $161K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 506.13 | +0.014% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 505.26 | −0.158% | $56 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 506.07 | +0.002% | $116K | $45K | 30x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
tradeXYZ xyz:MSFT
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
OKX MSFT-USDT-SWAP
KuCoin MSFTUSDTM
Deribit MSFT_USDC-PERPETUAL
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP