Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%
Price spread now: Bitget against tradeXYZ+0.078%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 7 days−0.019%−$2 · spread now +0.078%, 7d avg +0.120%
=Together, before fees−0.070%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.042% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.120%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSFT | 500.72 | 0.0050 | pay 0.0006% / 1h | 5m 22s | $22.1M | $8.8M | 20x |
| Short | Bitget MSFTUSDT | 501.11 | 0 | get 0.0000% / 8h | 5h 05m | $4.5M | $2.5M | 100x |
tradeXYZ xyz:MSFT
Bitget MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$10.5
- Price spread: +0.078% → +0.120%
- −$4.24
- Slippage, 4 orders
- −$7.77
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$52.51
- Costs to cover
- 0.378%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Bitget: live order book, 3 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, 4 min ago | 0.30 bp | 9.9 bp −$10 | 12.4 bp −$124 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 1.30 bp | 9.2 bp −$9 | 13.9 bp −$139 | 28.1 bp −$2,811 | 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 | −0.0064% | 1h | 500.97 | +0.050% | $678K | $458K | 10x | as long as short |
| Nado MSFT-PERP | −0.0035% | 1h | 500.79 | +0.014% | $413K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0005% | 8h | 501.11 | +0.078% | $189K | $204K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.17 | +0.090% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 500.99 | +0.055% | $337K | $892K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.12 | +0.081% | $15.7M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 500.83 | +0.022% | $7.2M | $2.1M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.18 | +0.092% | $3.0M | $2.3M | 20x | as long as short |
| Hotstuff MSFT-PERP | 0.0000% | 1h | 500.66 | −0.012% | $32K | $8K | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.00 | +0.056% | $3.1M | $1.7M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Hotstuff MSFT-PERP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDTshort | 0.0000% | 8h | 501.11 | +0.078% | $4.5M | $2.5M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 500.98 | +0.051% | $1.3M | $647K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.19 | +0.093% | $18K | $299K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 501.93 | +0.242% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 500.77 | +0.010% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 500.90 | +0.036% | $58K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.33 | +0.122% | $2.2M | $774K | 10x | as long as short |
| QFEX MSFT-USD | +0.0030% | 1h | 501.06 | +0.068% | $1.1M | $5.6M | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 500.84 | +0.024% | $682K | $2.0M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 500.85 | +0.026% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 500.98 | +0.052% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFTlong | +0.0050% | 1h | 500.72 | long leg | $22.1M | $8.8M | 20x | |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.72 | 0.000% | $301K | $648K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 500.95 | +0.046% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.63 | −0.018% | $515K | $494K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 500.96 | +0.047% | $220 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 500.87 | +0.030% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.92 | +0.040% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.85 | +0.026% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.00 | +0.056% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 500.97 | +0.049% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0168% | 1h | 501.14 | +0.084% | $1.1M | $479K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.73 | +0.202% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0432% | 4h | 501.04 | +0.063% | $102K | $243K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
QFEX MSFT-USD
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
edgeX MSFTUSDC