MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against SunX−0.269%7-day average −0.240% · you buy dearer than you sell

Net, funding: paid 7d − costs−$373as in the Funding arb table

Net, price: spread back to 7d avg − costs−$392as in the Price arb table

costs, in and out, $10k−$3903.895% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$16 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now −0.269%, 7d avg −0.240%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.029% cheaper against SunX than usual: you would sell low and buy high (spread −0.269% now, against its 7-day average of −0.240%). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MSFT-USDT	502.56	0	get 0.0000% / 8h	2h 07m	$6K	$4.4M	20x
Short	KuCoin MSFTUSDTM	501.21	0.0100	get 0.0100% / 8h	2h 07m	$1.5M	$19K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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 SunXbpFee KuCoinbpOrdersPrice spread, now −0.269%Rate

Funding earned: $21
Price spread: −0.269% → −0.240%: −$2.87
Slippage, 4 orders: −$369.54
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$371.41
Costs to cover: 3.895%
Break-even: 130.8 days

Slippage from SunX: live order book, 11 min ago; KuCoin: live order book, 9 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, 11 min ago	29.45 bp	112.2 bp −$112	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	7.48 bp	80.7 bp −$81	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
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	501.47	−0.217%	$690K	$433K	10x	as long as short
Nado MSFT-PERP	−0.0001%	1h	501.39	−0.233%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.99	−0.113%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.70	−0.171%	$372K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.77	−0.157%	$15.7M	$19.3M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.84	−0.143%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.78	−0.155%	$3.0M	$2.3M	20x	as long as short
Hotstuff MSFT-PERP	0.0000%	1h	501.37	−0.237%	$32K	$8K	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.63	−0.185%	$3.1M	$1.5M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.82	−0.147%	$3.8M	$2.2M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.81	−0.149%	$1.3M	$726K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.71	−0.169%	$19K	$328K	10x	as long as short
SunX MSFT-USDTlong	0.0000%	8h	502.56	long leg	$6K	$4.4M	20x
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.54	−0.203%	$27K	$104K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.72	−0.167%	$59K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.98	−0.115%	$2.2M	$768K	10x	as long as short
BloFin MSFT-USDT	+0.0015%	8h	501.90	−0.131%	$188K	$210K	20x	as long as short
Lighter MSFT	+0.0032%	1h	501.76	−0.159%	$1.1M	$654K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.63	−0.185%	$652K	$2.2M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.63	−0.185%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.37	−0.237%	$22.2M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.30	−0.251%	$309K	$683K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.72	−0.167%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	501.67	−0.177%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.32	−0.247%	$521K	$485K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.69	−0.173%	$1.2M	$5.7M	10x	as long as short
Phoenix MSFT	+0.0096%	1h	501.60	−0.191%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTMshort	+0.0100%	8h	501.21	−0.269%	$1.5M	$19K	20x
ApeX Omni MSFTUSDT	+0.0100%	1h	501.39	−0.233%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.76	−0.159%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.80	−0.151%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.89	−0.133%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0531%	1h	501.61	−0.189%	$109K	$90K	10x	as long as short
edgeX MSFTUSDC	+0.0657%	4h	501.84	−0.143%	$102K	$243K	10x	as long as short