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: SunX against KuCoin+0.231%54s7-day average +0.241% · you sell dearer than you buy

Net, funding: paid 7d − costs−$444as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$4264.259% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.027%+$3 · spread now +0.231%, 7d avg +0.241%

Together, before fees−0.158%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.241%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSFTUSDTM	501.77	0.0100	pay 0.0100% / 8h	7h 26m	$1.5M	$19K	20x
Short	SunX MSFT-USDT	502.93	0	get 0.0000% / 8h	7h 26m	$6K	$4.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.231%Rate

Funding earned: −$21
Price spread: +0.231% → +0.241%: −$0.95
Slippage, 4 orders: −$405.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$447.87
Costs to cover: 4.259%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; SunX: live order book, 12 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, 4 min ago	7.28 bp	66.3 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	29.25 bp	105.6 bp −$106	doesn't fit	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
BloFin MSFT-USDT	−0.0012%	8h	502.17	+0.080%	$188K	$206K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.13	−0.128%	$679K	$448K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.98	+0.041%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.81	+0.008%	$337K	$1.0M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.95	+0.036%	$15.7M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.88	+0.022%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.08	+0.062%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.72	−0.010%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.87	+0.020%	$3.8M	$2.1M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.86	+0.018%	$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	501.88	+0.022%	$19K	$292K	10x	as long as short
SunX MSFT-USDTshort	0.0000%	8h	502.93	+0.231%	$6K	$4.2M	20x
HTX MSFT-USDT	0.0000%	8h	502.04	+0.054%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.41	+0.128%	$2.2M	$757K	10x	as long as short
Nado MSFT-PERP	+0.0004%	1h	501.81	+0.008%	$414K	$64K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.94	+0.034%	$620K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	501.94	+0.034%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.92	+0.030%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.50	−0.054%	$22.3M	$9.1M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.58	−0.038%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.06	+0.058%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.49	−0.056%	$528K	$489K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.89	+0.023%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.86	+0.018%	$10K	$15K	20x	as long as short
Lighter MSFT	+0.0096%	1h	502.16	+0.078%	$1.1M	$486K	20x	as long as short
KuCoin MSFTUSDTMlong	+0.0100%	8h	501.77	long leg	$1.5M	$19K	20x
ApeX Omni MSFTUSDT	+0.0100%	1h	501.66	−0.022%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.81	+0.008%	$8K	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0104%	1h	501.71	−0.012%	$32K	$8K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.83	+0.012%	$55	—	10x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.86	+0.018%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.00	+0.046%	$115K	$45K	30x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0248%	1h	502.00	+0.046%	$27K	$41K	10x	as long as short
edgeX MSFTUSDC	+0.0371%	4h	502.05	+0.056%	$102K	$242K	10x	as long as short