Funding you earn now, next payment 05:00 UTC+0.0111%/8h= +12.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.016%
Price spread now: ApeX Omni against tradeXYZ+0.042%45s7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as 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−$450.449% of the position
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.042%, 7d avg +0.027%
=Together, before fees+0.143%+ Points / potential airdroptradeXYZ: Active · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 45 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 | tradeXYZ xyz:MSFT | 500.96 | −0.0011 | get 0.0001% / 1h | 42m 51s | $22.1M | $8.7M | 20x |
| Short | ApeX Omni MSFTUSDT | 501.17 | 0.0100 | get 0.0013% / 1h | 42m 51s | $160K | $7K | 50x |
tradeXYZ xyz:MSFT
ApeX Omni MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against tradeXYZ. 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
- $23.26
- Price spread: +0.042% → +0.027%
- $1.52
- Slippage, 4 orders
- −$16.95
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$20.16
- Costs to cover
- 0.449%
- Break-even
- 13.1 days
Slippage from tradeXYZ: live order book, 6 min ago; ApeX Omni: live order book, 8 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 tradeXYZ live order book, 6 min ago | 0.40 bp | 10.0 bp −$10 | 12.4 bp −$124 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 8 min ago | 7.49 bp | 12.5 bp −$12 | 79.4 bp −$794 | 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 | −0.0253% | 4h | 501.35 | +0.077% | $102K | $244K | 10x | as long as short |
| Nado MSFT-PERP | −0.0115% | 1h | 501.29 | +0.065% | $414K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 500.97 | +0.002% | $677K | $450K | 10x | as long as short |
| tradeXYZ xyz:MSFTlong | −0.0011% | 1h | 500.96 | long leg | $22.1M | $8.7M | 20x | |
| Aster MSFTUSDT | 0.0000% | 8h | 501.21 | +0.050% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.29 | +0.066% | $337K | $883K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.44 | +0.096% | $15.8M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.10 | +0.028% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.54 | +0.116% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.23 | +0.054% | $3.1M | $1.7M | 100x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 501.30 | +0.068% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.34 | +0.075% | $1.3M | $607K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.39 | +0.086% | $18K | $298K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.20 | +0.248% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.07 | +0.022% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.36 | +0.080% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.52 | +0.112% | $2.2M | $770K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0018% | 8h | 501.47 | +0.102% | $189K | $204K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 501.30 | +0.068% | $1.1M | $503K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.05 | +0.018% | $676K | $2.0M | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0032% | 1h | 500.97 | +0.002% | $32K | $8K | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 501.30 | +0.068% | $1.1M | $4.9M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.11 | +0.030% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.39 | +0.086% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.07 | +0.022% | $10K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.10 | +0.028% | $302K | $697K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.24 | +0.056% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.01 | +0.010% | $518K | $452K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0053% | 8h | 501.30 | +0.068% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.66 | −0.060% | $1.6M | $52K | 20x | as long as short |
| ApeX Omni MSFTUSDTshort | +0.0100% | 1h | 501.17 | +0.042% | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.24 | +0.056% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.26 | +0.060% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.54 | +0.116% | $115K | $45K | 30x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
Hotstuff MSFT-PERP
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP