MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.22 per $10,000 · paid last 24h +0.015%

Price spread now: Arcus against Injective−0.095%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Injective Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.090%−$9 on $10k

Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.095%, 7d avg +0.010%

Together, before fees−0.015%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Arcus is 0.105% cheaper against Injective than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MSFT/USDC PERP	503.87	0.0220	pay 0.0028% / 1h	58m 11s	$115K	$45K	30x
Short	Arcus MSFT-USD	503.39	0.0040	get 0.0005% / 1h	58m 11s	$97K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee ArcusbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$37.74
Price spread: −0.095% → +0.010%: −$10.53
Slippage, 4 orders: −$34.87
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$87.67
Costs to cover: 0.394%
Break-even: never at this rate

Slippage from Injective: live order book, 40 min ago; Arcus: live order book, 40 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, 40 min ago	10.03 bp	10.0 bp −$10	10.0 bp −$100	65069.6 bp −$6.51M	365346.9 bp −$182.67M
Sell Arcus live order book, 40 min ago	3.87 bp	10.9 bp −$11	13.6 bp −$136	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	−0.0646%	4h	503.49	−0.075%	$102K	$244K	10x	as long as short
Nado MSFT-PERP	−0.0057%	1h	503.34	−0.105%	$414K	$67K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	502.95	−0.183%	$688K	$473K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.52	−0.070%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.45	−0.083%	$339K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.66	−0.042%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.41	−0.091%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.73	−0.028%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.54	−0.065%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.48	−0.077%	$3.9M	$2.9M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	503.61	−0.051%	$1.3M	$400K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.63	−0.049%	$19K	$320K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.40	+0.105%	$6K	$3.7M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.36	−0.101%	$27K	$44K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.46	−0.081%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.66	−0.042%	$2.2M	$819K	10x	as long as short
BloFin MSFT-USDT	+0.0024%	8h	503.53	−0.067%	$191K	$205K	20x	as long as short
Hotstuff MSFT-PERP	+0.0024%	1h	503.14	−0.145%	$32K	$8K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.46	−0.081%	$1.2M	$508K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.38	−0.097%	$705K	$1.8M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.46	−0.081%	$1.1M	$4.6M	10x	as long as short
Arcus MSFT-USDshort	+0.0040%	1h	503.39	−0.095%	$97K	$110K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	503.67	−0.040%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.14	−0.145%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.19	−0.135%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.39	−0.095%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.25	−0.123%	$513K	$429K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	503.41	−0.091%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.28	−0.117%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.10	−0.153%	$1.6M	$84K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.41	−0.091%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.48	−0.077%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.53	−0.067%	$55	—	10x	as long as short
Injective MSFT/USDC PERPlong	+0.0220%	1h	503.87	long leg	$115K	$45K	30x