Funding you earn now, next payment 16:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.81 per $10,000 · paid last 24h −0.029%
Price spread now: Binance against KuCoin+0.117%7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$660.657% of the position
Funding, last 7 days−0.158%−$16 on $10k
+Price spread, last 7 days+0.001%$0 · spread now +0.117%, 7d avg +0.100%
=The price spread sits at its 7-day average of +0.100%, so right now this pair is about funding alone: −$2 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 | 505.65 | 0.0081 | pay 0.0081% / 8h | 4h 48m | $1.6M | $290K | 20x |
| Short | Binance MSFTUSDT | 506.24 | 0 | get 0.0000% / 8h | 4h 48m | $16.4M | $22.0M | 20x |
KuCoin MSFTUSDTM
Binance MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$17.01
- Price spread: +0.117% → +0.100%
- $1.66
- Slippage, 4 orders
- −$43.67
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$81.02
- Costs to cover
- 0.657%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Binance: 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 KuCoin live order book, 5 min ago | 7.42 bp | 26.5 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 0.10 bp | 5.6 bp −$6 | 10.7 bp −$107 | 47.8 bp −$4,784 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0869% | 4h | 506.43 | +0.153% | $103K | $243K | 10x | as long as short |
| Nado MSFT-PERP | −0.0053% | 1h | 506.25 | +0.119% | $413K | $72K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0029% | 8h | 506.47 | +0.162% | $203K | $224K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.0027% | 1h | 506.04 | +0.077% | $30K | $46K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.0024% | 1h | 505.78 | +0.026% | $33K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 505.85 | +0.040% | $711K | $698K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 506.01 | +0.071% | $166K | $117K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 506.11 | +0.091% | $326K | $2.0M | 17x | as long as short |
| Binance MSFTUSDTshort | 0.0000% | 8h | 506.24 | +0.117% | $16.4M | $22.0M | 20x | |
| Bybit MSFTUSDT | 0.0000% | 8h | 506.02 | +0.073% | $7.3M | $2.4M | 100x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
BloFin MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Hotstuff MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Bybit MSFTUSDTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | 0.0000% | 8h | 505.99 | +0.067% | $3.2M | $2.0M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 506.21 | +0.111% | $4.0M | $3.2M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 506.43 | +0.153% | $1.3M | $418K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 506.51 | +0.170% | $19K | $324K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 507.08 | +0.283% | $6K | $3.4M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 506.59 | +0.186% | $49K | $248K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 506.61 | +0.190% | $2.3M | $951K | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 506.18 | +0.105% | $1.2M | $506K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 506.18 | +0.105% | $720K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0038% | 1h | 506.17 | +0.103% | $1.2M | $4.7M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 505.99 | +0.067% | $94K | $83K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0043% | 1h | 505.96 | +0.061% | $22.4M | $9.4M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 506.40 | +0.148% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 505.89 | +0.047% | $11K | $16K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 505.90 | +0.049% | $320K | $674K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 506.02 | +0.073% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 506.00 | +0.069% | $525K | $430K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 506.21 | +0.111% | $223 | — | 5x | as long as short |
| OKX MSFT-USDT-SWAP | +0.0064% | 8h | 506.47 | +0.162% | $3.2M | $2.9M | 20x | as long as short |
| KuCoin MSFTUSDTMlong | +0.0081% | 8h | 505.65 | long leg | $1.6M | $290K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 506.03 | +0.075% | $161K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 506.07 | +0.083% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 505.15 | −0.100% | $56 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 506.25 | +0.119% | $116K | $45K | 30x | as long as short |
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
tradeXYZ xyz:MSFT
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
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP