MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.068%

Price spread now: Arcus against tradeXYZ+0.014%52s7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$400.396% of the position

Long on tradeXYZ Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.104%+$10 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.014%, 7d avg +0.070%

Together, before fees+0.121%+ Points / potential airdroptradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Arcus is 0.056% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.070%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.104%, so the current rate has only just turned against you. The two prices were read 52 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	501.43	0.0050	pay 0.0006% / 1h	17m 52s	$22.1M	$9.3M	20x
Short	Arcus MSFT-USD	501.50	0.0040	get 0.0005% / 1h	17m 52s	$97K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against tradeXYZ. 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 tradeXYZbpFee ArcusbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$2.04
Price spread: +0.014% → +0.070%: −$5.63
Slippage, 4 orders: −$17.07
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$47.24
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; Arcus: live order book, 50 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, 11 min ago	0.10 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 50 min ago	2.29 bp	11.6 bp −$12	14.2 bp −$142	doesn't fit	doesn't fit

MSFT on 33 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	−0.0016%	1h	501.22	−0.042%	$679K	$457K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.81	+0.076%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.63	+0.040%	$337K	$899K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.74	+0.062%	$15.6M	$18.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.67	+0.048%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.91	+0.096%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.62	+0.038%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.66	+0.046%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.69	+0.052%	$1.3M	$682K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.56	+0.026%	$19K	$295K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	502.53	+0.219%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.64	+0.042%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.69	+0.052%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.02	+0.118%	$2.2M	$765K	10x	as long as short
Nado MSFT-PERP	+0.0001%	1h	501.59	+0.032%	$414K	$64K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.61	+0.036%	$622K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	501.60	+0.034%	$1.1M	$5.7M	10x	as long as short
Arcus MSFT-USDshort	+0.0040%	1h	501.50	+0.014%	$97K	$109K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	501.69	+0.052%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFTlong	+0.0050%	1h	501.43	long leg	$22.1M	$9.3M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	501.37	−0.012%	$303K	$671K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.64	+0.042%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.46	+0.006%	$522K	$519K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	501.65	+0.044%	$221	—	5x	as long as short
Hotstuff MSFT-PERP	+0.0064%	1h	501.43	0.000%	$32K	$8K	20x	as long as short
Phoenix MSFT	+0.0080%	1h	501.46	+0.006%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.47	+0.008%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.24	−0.038%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.69	+0.052%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.64	+0.043%	$55	—	10x	as long as short
Lighter MSFT	+0.0168%	1h	501.86	+0.086%	$1.1M	$489K	20x	as long as short
edgeX MSFTUSDC	+0.0215%	4h	501.70	+0.053%	$102K	$243K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.78	+0.070%	$115K	$45K	30x	as long as short