Funding you earn now, next payment 16:00 UTC−0.0083%/8h= −9.1% APRnext payment −$0.83 per $10,000 · paid last 24h −0.030%
Price spread now: Variational Omni against KuCoin+0.134%7-day average +0.089% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.104%−$10 on $10k
+Price spread, last 7 days−0.043%−$4 · spread now +0.134%, 7d avg +0.089%
=Together, before fees−0.147%+ Points / potential airdropVariational Omni: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.045% dearer against KuCoin than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of +0.089%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSFTUSDTM | 505.75 | 0.0083 | pay 0.0083% / 8h | 4h 49m | $1.6M | $289K | 20x |
| Short | Variational Omni MSFT | 506.43 | 0 | get 0.0000% / 8h | 4h 49m | $1.3M | $418K | — |
KuCoin MSFTUSDTM
Variational Omni MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$17.43
- Price spread: +0.134% → +0.089%
- $4.5
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$24.93
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 4 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
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 | 7.42 bp | 26.5 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 2.53 bp | doesn't fit | 8.9 bp −$89 | doesn't fit | doesn't fit |
MSFT on 34 exchanges
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 | −0.0869% | 4h | 506.43 | +0.134% | $103K | $243K | 10x | as long as short |
| Nado MSFT-PERP | −0.0043% | 1h | 506.39 | +0.126% | $413K | $72K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.0024% | 1h | 505.78 | +0.006% | $33K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 505.85 | +0.020% | $711K | $681K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 506.08 | +0.066% | $166K | $117K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 506.14 | +0.078% | $326K | $2.0M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 506.43 | +0.135% | $16.4M | $22.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 506.17 | +0.083% | $7.3M | $2.4M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 505.99 | +0.047% | $3.2M | $2.0M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 506.32 | +0.113% | $4.0M | $3.2M | 100x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Hotstuff MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFTshort | 0.0000% | 8h | 506.43 | +0.134% | $1.3M | $418K | — | |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 506.51 | +0.150% | $19K | $324K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 507.25 | +0.297% | $6K | $3.4M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 505.97 | +0.043% | $30K | $46K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 505.86 | +0.022% | $49K | $248K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 506.57 | +0.162% | $2.3M | $950K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0019% | 8h | 506.58 | +0.164% | $203K | $223K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 506.17 | +0.083% | $1.2M | $505K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 506.23 | +0.095% | $720K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0038% | 1h | 506.16 | +0.081% | $1.2M | $4.7M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 506.17 | +0.083% | $94K | $83K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 506.63 | +0.174% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 505.89 | +0.028% | $11K | $16K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 506.18 | +0.085% | $22.4M | $9.4M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 506.20 | +0.089% | $320K | $674K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 506.07 | +0.063% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 505.89 | +0.028% | $525K | $429K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 506.21 | +0.091% | $223 | — | 5x | as long as short |
| OKX MSFT-USDT-SWAP | +0.0067% | 8h | 506.52 | +0.152% | $3.2M | $2.9M | 20x | as long as short |
| KuCoin MSFTUSDTMlong | +0.0083% | 8h | 505.75 | long leg | $1.6M | $289K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 506.03 | +0.055% | $161K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 506.08 | +0.065% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 505.34 | −0.081% | $56 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 506.25 | +0.099% | $116K | $45K | 30x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
OKX MSFT-USDT-SWAP
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP