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: OKX against KuCoin+0.044%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$284as in the Funding arb table

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$2672.665% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 7 days+0.087%+$9 · spread now +0.044%, 7d avg +0.097%

Together, before fees−0.085%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.053% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.097%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSFTUSDTM	501.29	0.0100	pay 0.0100% / 8h	7h 05m	$1.5M	$19K	20x
Short	OKX MSFT-USDT-SWAP	501.51	0	get 0.0000% / 8h	7h 05m	$3.0M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$21
Price spread: +0.044% → +0.097%: −$5.31
Slippage, 4 orders: −$244.53
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$292.84
Costs to cover: 2.665%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; OKX: live order book, 2 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	9.28 bp	107.6 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.10 bp	10.9 bp −$11	18.7 bp −$187	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	−0.0047%	4h	501.37	+0.016%	$102K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.03	−0.052%	$685K	$454K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.47	+0.036%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.34	+0.011%	$342K	$905K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.47	+0.035%	$15.6M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.24	−0.010%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAPshort	0.0000%	8h	501.51	+0.044%	$3.0M	$2.3M	20x
Gate MSFT_USDT	0.0000%	8h	501.28	−0.002%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.42	+0.026%	$3.8M	$2.1M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.37	+0.016%	$1.3M	$690K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.41	+0.025%	$19K	$293K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.23	+0.188%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.10	−0.038%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.25	−0.008%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.59	+0.060%	$2.2M	$759K	10x	as long as short
Nado MSFT-PERP	+0.0011%	1h	501.19	−0.020%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	+0.0024%	8h	501.48	+0.038%	$188K	$205K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.29	0.000%	$617K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	501.37	+0.016%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.29	0.000%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.96	−0.066%	$22.1M	$9.2M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.04	−0.050%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.36	+0.014%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.92	−0.074%	$514K	$503K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.32	+0.006%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.09	−0.040%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTMlong	+0.0100%	8h	501.29	long leg	$1.5M	$19K	20x
ApeX Omni MSFTUSDT	+0.0100%	1h	500.87	−0.084%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.31	+0.004%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.29	+0.001%	$55	—	10x	as long as short
Lighter MSFT	+0.0112%	1h	501.48	+0.038%	$1.1M	$486K	20x	as long as short
Hotstuff MSFT-PERP	+0.0200%	1h	501.02	−0.054%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.23	−0.012%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.76	+0.094%	$115K	$45K	30x	as long as short