Funding you earn now, next payment 06:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%
Price spread now: Injective against KuCoin+0.141%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1551.547% of the position
Funding, last 7 days+0.257%+$26 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.141%, 7d avg +0.032%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 0.109% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSFTUSDTM | 503.33 | 0.0100 | pay 0.0100% / 8h | 2h 31m | $1.6M | $57K | 20x |
| Short | Injective MSFT/USDC PERP | 504.04 | 0.0220 | get 0.0028% / 1h | 31m 22s | $115K | $45K | 30x |
KuCoin MSFTUSDTM
Injective MSFT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $25.2
- Price spread: +0.141% → +0.032%
- $10.92
- Slippage, 4 orders
- −$142.63
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$118.53
- Costs to cover
- 1.547%
- Break-even
- 39.9 days
Slippage from KuCoin: live order book, 9 min ago; Injective: live order book, 17 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, 9 min ago | 7.55 bp | 59.1 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 17 min ago | 10.05 bp | 10.1 bp −$10 | 10.1 bp −$101 | 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 | −0.0759% | 4h | 503.75 | +0.084% | $102K | $244K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 503.26 | −0.014% | $682K | $465K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0015% | 8h | 503.79 | +0.091% | $190K | $206K | 20x | as long as short |
| Nado MSFT-PERP | −0.0013% | 1h | 503.89 | +0.110% | $413K | $66K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.80 | +0.094% | $162K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.82 | +0.097% | $341K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.94 | +0.122% | $15.8M | $19.3M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.72 | +0.077% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.89 | +0.111% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.69 | +0.072% | $3.1M | $1.7M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 503.86 | +0.105% | $3.8M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.69 | +0.071% | $1.3M | $479K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.86 | +0.105% | $18K | $316K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.78 | +0.288% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.75 | +0.083% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.84 | +0.101% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.01 | +0.135% | $2.2M | $796K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.58 | +0.050% | $11K | $15K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.85 | +0.103% | $688K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 503.83 | +0.099% | $1.1M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.50 | +0.034% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.92 | +0.117% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.64 | +0.062% | $22.3M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.66 | +0.066% | $303K | $720K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.72 | +0.077% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.02 | −0.062% | $517K | $470K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 503.87 | +0.108% | $222 | — | 5x | as long as short |
| Hotstuff MSFT-PERP | +0.0080% | 1h | 503.44 | +0.022% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTMlong | +0.0100% | 8h | 503.33 | long leg | $1.6M | $57K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.54 | +0.042% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.86 | +0.105% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.93 | +0.120% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0112% | 1h | 504.12 | +0.157% | $1.2M | $506K | 20x | as long as short |
| Injective MSFT/USDC PERPshort | +0.0220% | 1h | 504.04 | +0.141% | $115K | $45K | 30x |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Hotstuff MSFT-PERP
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT