Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Aster against KuCoin+0.093%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1751.748% of the position
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.093%, 7d avg +0.092%
=Together, before fees−0.128%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.092%, 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 | KuCoin MSFTUSDTM | 501.56 | 0.0100 | pay 0.0100% / 8h | 1h 29m | $1.5M | $19K | 20x |
| Short | Aster MSFTUSDT | 502.03 | 0 | get 0.0000% / 8h | 1h 29m | $161K | $116K | 20x |
KuCoin MSFTUSDTM
Aster MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against KuCoin. 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: +0.093% → +0.092%
- $0.17
- Slippage, 4 orders
- −$154.84
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$195.68
- Costs to cover
- 1.748%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; Aster: live order book, 51 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 KuCoin live order book, 6 min ago | 8.18 bp | 54.6 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 51 min ago | 9.36 bp | 14.9 bp −$15 | 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 | −0.0817% | 4h | 501.97 | +0.081% | $102K | $243K | 10x | as long as short |
| Aster MSFTUSDTshort | 0.0000% | 8h | 502.03 | +0.093% | $161K | $116K | 20x | |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.00 | +0.088% | $337K | $407K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.09 | +0.106% | $15.7M | $19.3M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.18 | +0.124% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.83 | +0.054% | $3.1M | $1.6M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.98 | +0.084% | $1.3M | $708K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.01 | +0.090% | $18K | $318K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.86 | +0.259% | $6K | $4.4M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.76 | +0.040% | $27K | $104K | 10x | as long as short |
edgeX MSFTUSDC
Extended MSFT_24_5-USD
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUALShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 501.58 | +0.004% | $688K | $449K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.93 | +0.074% | $58K | $228K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.18 | +0.124% | $2.2M | $763K | 10x | as long as short |
| BloFin MSFT-USDT | 0.0000% | 8h | 502.04 | +0.096% | $188K | $209K | 20x | as long as short |
| Bitget MSFTUSDT | +0.0006% | 8h | 502.06 | +0.100% | $3.8M | $2.2M | 100x | as long as short |
| Bybit MSFTUSDT | +0.0021% | 8h | 502.03 | +0.094% | $7.4M | $1.7M | 100x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.92 | +0.072% | $653K | $2.1M | 20x | as long as short |
| QFEX MSFT-USD | +0.0040% | 1h | 501.97 | +0.082% | $1.1M | $5.8M | 10x | as long as short |
| Nado MSFT-PERP | +0.0043% | 1h | 501.69 | +0.027% | $414K | $64K | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.75 | +0.038% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.61 | +0.010% | $22.3M | $9.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.58 | +0.004% | $305K | $680K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.99 | +0.086% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.62 | +0.012% | $529K | $493K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0062% | 8h | 501.87 | +0.063% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.61 | +0.010% | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0088% | 1h | 501.62 | +0.012% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTMlong | +0.0100% | 8h | 501.56 | long leg | $1.5M | $19K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.79 | +0.046% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.91 | +0.070% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.96 | +0.079% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0168% | 1h | 502.10 | +0.108% | $1.1M | $590K | 20x | as long as short |
| Arcus MSFT-USD | +0.0200% | 1h | 501.94 | +0.076% | $98K | $109K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.17 | +0.122% | $115K | $45K | 30x | as long as short |
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Bitget MSFTUSDT
Bybit MSFTUSDT
Lighter RH MSFT
QFEX MSFT-USD
Nado MSFT-PERP
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
Hotstuff MSFT-PERP
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Arcus MSFT-USD
Injective MSFT/USDC PERP