Funding you earn now, next payment 00:00 UTC+0.0989%/8h= +108.3% APRpaid last 24h +0.070%
Price spread now: edgeX against SunX−0.147%74s7-day average −0.167% · you buy dearer than you sell
Net, funding: paid 7d − costs−$224as 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−$2372.369% of the position
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 3 days (all we have)−0.086%−$9 · spread now −0.147%, 7d avg −0.167%
=Together, before fees+0.044%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and edgeX is 0.021% dearer against SunX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.167%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.130% in total (about 6.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX MSFT-USDT | 502.42 | 0 | get 0.0000% / 8h | 2h 24m | $6K | $4.4M | 20x |
| Short | edgeX MSFTUSDC | 501.68 | 0.0989 | get 0.0495% / 4h | 2h 24m | $102K | $242K | 10x |
SunX MSFT-USDT
edgeX MSFTUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against SunX. 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
- $207.75
- Price spread: −0.147% → −0.167%
- $2.08
- Slippage, 4 orders
- −$219.91
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$27.08
- Costs to cover
- 2.369%
- Break-even
- 7.9 days
Slippage from SunX: live order book, 4 min ago; edgeX: live order book, 63 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 SunX live order book, 4 min ago | 29.16 bp | 111.5 bp −$112 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 63 min ago | 5.18 bp | 9.8 bp −$10 | 12.1 bp −$121 | 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 | 501.53 | −0.177% | $689K | $433K | 10x | as long as short |
| Nado MSFT-PERP | −0.0024% | 1h | 501.49 | −0.185% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.82 | −0.120% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.62 | −0.159% | $372K | $369K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.68 | −0.147% | $15.7M | $19.3M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.83 | −0.117% | $7.4M | $1.7M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.81 | −0.121% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.53 | −0.177% | $3.1M | $1.5M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.68 | −0.147% | $3.8M | $2.2M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.67 | −0.150% | $1.3M | $726K | — | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.75 | −0.133% | $18K | $330K | 10x | as long as short |
| SunX MSFT-USDTlong | 0.0000% | 8h | 502.42 | long leg | $6K | $4.4M | 20x | |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.56 | −0.171% | $27K | $104K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.60 | −0.163% | $59K | $230K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.06 | −0.072% | $2.2M | $765K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0006% | 8h | 501.65 | −0.153% | $189K | $209K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0024% | 1h | 501.40 | −0.203% | $32K | $8K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 501.70 | −0.143% | $1.1M | $653K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.59 | −0.165% | $652K | $2.2M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.70 | −0.143% | — | — | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.39 | −0.205% | $22.2M | $10.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.28 | −0.227% | $309K | $683K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.64 | −0.155% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 501.69 | −0.145% | $221 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.25 | −0.233% | $521K | $485K | 15x | as long as short |
| QFEX MSFT-USD | +0.0050% | 1h | 501.69 | −0.145% | $1.1M | $5.7M | 10x | as long as short |
| Phoenix MSFT | +0.0096% | 1h | 501.57 | −0.169% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.26 | −0.231% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.53 | −0.177% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.59 | −0.165% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.65 | −0.154% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.03 | −0.078% | $115K | $45K | 30x | as long as short |
| Arcus MSFT-USD | +0.0531% | 1h | 501.53 | −0.177% | $109K | $90K | 10x | as long as short |
| edgeX MSFTUSDCshort | +0.0989% | 4h | 501.68 | −0.147% | $102K | $242K | 10x |
GRVT MSFT_USDT_Perp
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Hotstuff MSFT-PERP
Lighter MSFT
Lighter RH MSFT
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Ondo Perps MSFT-USD.P
QFEX MSFT-USD
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
Arcus MSFT-USD