MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: HTX against KuCoin+0.050%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$2092.095% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now +0.050%, 7d avg +0.062%

Together, before fees−0.103%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.062%, 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	501.07	0.0100	pay 0.0100% / 8h	4h 14m	$1.5M	$20K	20x
Short	HTX MSFT-USDT	501.32	0	get 0.0000% / 8h	4h 14m	$59K	$225K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$21
Price spread: +0.050% → +0.062%: −$1.25
Slippage, 4 orders: −$185.46
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$231.71
Costs to cover: 2.095%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; HTX: live order book, 42 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, 2 min ago	10.78 bp	77.0 bp −$77	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 42 min ago	2.79 bp	8.8 bp −$9	14.7 bp −$147	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
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	500.97	−0.020%	$677K	$456K	10x	as long as short
Nado MSFT-PERP	−0.0011%	1h	501.30	+0.045%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0004%	8h	501.52	+0.090%	$189K	$204K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.32	+0.049%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.25	+0.037%	$337K	$893K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.37	+0.060%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.08	+0.002%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.57	+0.100%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.21	+0.028%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.39	+0.064%	$4.5M	$2.5M	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	501.46	+0.078%	$1.3M	$615K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.52	+0.089%	$19K	$302K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.21	+0.228%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.03	−0.008%	$27K	$41K	10x	as long as short
HTX MSFT-USDTshort	0.0000%	8h	501.32	+0.050%	$59K	$225K	20x
Phemex MSFTUSDT	0.0000%	8h	501.41	+0.068%	$2.2M	$770K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.13	+0.012%	$675K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	501.27	+0.040%	$1.2M	$5.2M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.21	+0.028%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.41	+0.068%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.24	+0.034%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.87	−0.040%	$22.0M	$8.7M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.04	−0.006%	$302K	$722K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.21	+0.028%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.90	−0.034%	$528K	$444K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0057%	8h	501.30	+0.047%	$221	—	5x	as long as short
KuCoin MSFTUSDTMlong	+0.0100%	8h	501.07	long leg	$1.5M	$20K	20x
ApeX Omni MSFTUSDT	+0.0100%	1h	500.99	−0.016%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.34	+0.054%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.31	+0.047%	$55	—	10x	as long as short
Lighter MSFT	+0.0112%	1h	501.38	+0.062%	$1.1M	$499K	20x	as long as short
Hotstuff MSFT-PERP	+0.0184%	1h	500.95	−0.024%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.76	+0.138%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0784%	4h	501.53	+0.091%	$102K	$244K	10x	as long as short