MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.025%

Price spread now: Bybit against KuCoin+0.138%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$210as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1941.943% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 7 days−0.112%−$11 · spread now +0.138%, 7d avg +0.055%

Together, before fees−0.271%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.082% dearer against KuCoin than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.055%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSFTUSDTM	501.19	0.0100	pay 0.0100% / 8h	2h 09m	$1.5M	$19K	20x
Short	Bybit MSFTUSDT	501.88	0	get 0.0000% / 8h	2h 09m	$7.4M	$1.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.138%Rate

Funding earned: −$21
Price spread: +0.138% → +0.055%: $8.22
Slippage, 4 orders: −$171.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$207.12
Costs to cover: 1.943%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Bybit: live order book, 8 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	7.48 bp	91.5 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 8 min ago	1.89 bp	12.1 bp −$12	17.6 bp −$176	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
Hotstuff MSFT-PERP	−0.0072%	1h	501.40	+0.042%	$32K	$8K	20x	as long as short
edgeX MSFTUSDC	−0.0058%	4h	501.82	+0.125%	$102K	$242K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	501.47	+0.056%	$690K	$433K	10x	as long as short
Nado MSFT-PERP	−0.0002%	1h	501.38	+0.039%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.91	+0.145%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.80	+0.122%	$372K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.85	+0.132%	$15.7M	$19.3M	20x	as long as short
Bybit MSFTUSDTshort	0.0000%	8h	501.88	+0.138%	$7.4M	$1.7M	100x
OKX MSFT-USDT-SWAP	0.0000%	8h	501.78	+0.118%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.63	+0.088%	$3.1M	$1.5M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.84	+0.130%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.81	+0.124%	$1.3M	$726K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.76	+0.114%	$19K	$328K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.63	+0.287%	$6K	$4.4M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.68	+0.098%	$59K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.26	+0.213%	$2.2M	$768K	10x	as long as short
BloFin MSFT-USDT	+0.0022%	8h	501.82	+0.126%	$189K	$210K	20x	as long as short
Lighter MSFT	+0.0032%	1h	501.74	+0.110%	$1.1M	$654K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.63	+0.088%	$652K	$2.2M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.62	+0.086%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.41	+0.044%	$22.2M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.36	+0.034%	$309K	$683K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.79	+0.120%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	501.72	+0.105%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.27	+0.016%	$521K	$485K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.68	+0.098%	$1.2M	$5.7M	10x	as long as short
Phoenix MSFT	+0.0096%	1h	501.60	+0.082%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTMlong	+0.0100%	8h	501.19	long leg	$1.5M	$19K	20x
ApeX Omni MSFTUSDT	+0.0100%	1h	501.43	+0.048%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.73	+0.108%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.81	+0.123%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0149%	1h	501.69	+0.100%	$27K	$104K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.89	+0.140%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0531%	1h	501.62	+0.086%	$109K	$90K	10x	as long as short