Funding you earn now, next payment 05:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h −0.036%
Price spread now: ApeX Omni against Injective−0.068%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Funding, last 7 days−0.233%−$23 on $10k
+Price spread, last 4 days (all we have)−0.148%−$15 · spread now −0.068%, 7d avg −0.027%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.041% cheaper against Injective than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MSFT/USDC PERP | 501.54 | 0.0220 | pay 0.0028% / 1h | 52m 15s | $115K | $45K | 30x |
| Short | ApeX Omni MSFTUSDT | 501.20 | 0.0100 | get 0.0013% / 1h | 52m 15s | $160K | $7K | 50x |
Injective MSFT/USDC PERP
ApeX Omni MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Injective. 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
- −$25.2
- Price spread: −0.068% → −0.027%
- −$4.06
- Slippage, 4 orders
- −$30.14
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$69.42
- Costs to cover
- 0.402%
- Break-even
- never at this rate
Slippage from Injective: live order book, 1 min ago; ApeX Omni: live order book, 64 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 Injective live order book, 1 min ago | 9.98 bp | 10.0 bp −$10 | 10.0 bp −$100 | 65077.0 bp −$6.51M | 365383.9 bp −$182.69M |
| Sell ApeX Omni live order book, 64 min ago | 5.09 bp | 10.1 bp −$10 | 59.7 bp −$597 | 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 | −0.0270% | 4h | 501.26 | −0.057% | $102K | $243K | 10x | as long as short |
| Nado MSFT-PERP | −0.0122% | 1h | 501.19 | −0.070% | $414K | $64K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.0035% | 1h | 500.90 | −0.128% | $22.1M | $8.7M | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 500.97 | −0.114% | $677K | $450K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.23 | −0.061% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.20 | −0.068% | $337K | $883K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.33 | −0.042% | $15.7M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.11 | −0.086% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.32 | −0.044% | $3.0M | $2.3M | 20x | as long as short |
| Hotstuff MSFT-PERP | 0.0000% | 1h | 500.92 | −0.124% | $32K | $8K | 20x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
tradeXYZ xyz:MSFT
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Hotstuff MSFT-PERPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | 0.0000% | 8h | 501.21 | −0.066% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.25 | −0.058% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.25 | −0.058% | $1.3M | $607K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.30 | −0.049% | $19K | $300K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.10 | +0.112% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.06 | −0.096% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.22 | −0.064% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.46 | −0.016% | $2.2M | $770K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0022% | 8h | 501.32 | −0.044% | $189K | $204K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 501.33 | −0.042% | $1.1M | $498K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.08 | −0.092% | $677K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 501.24 | −0.060% | $1.1M | $4.9M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.04 | −0.100% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.33 | −0.042% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.06 | −0.096% | $10K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.94 | −0.120% | $302K | $697K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.20 | −0.068% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.94 | −0.120% | $518K | $452K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0054% | 8h | 501.25 | −0.057% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.76 | −0.156% | $1.6M | $49K | 20x | as long as short |
| ApeX Omni MSFTUSDTshort | +0.0100% | 1h | 501.20 | −0.068% | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.22 | −0.064% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.25 | −0.057% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERPlong | +0.0220% | 1h | 501.54 | long leg | $115K | $45K | 30x |
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
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
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP