MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.08 per $10,000 · paid last 24h −0.012%

Price spread now: Coinbase International against tradeXYZ−0.020%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on tradeXYZ Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 3 days (all we have)+0.100%+$10 · spread now −0.020%, 7d avg −0.014%

Together, before fees+0.008%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSFT	501.86	0.0050	pay 0.0006% / 1h	40m 40s	$22.3M	$9.6M	20x
Short	Coinbase International MSFT-PERP-INTX	501.76	−0.0016	pay 0.0002% / 1h	40m 40s	$687K	$450K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$13.86
Price spread: −0.020% → −0.014%: −$0.62
Slippage, 4 orders: −$10.67
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$53.14
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; Coinbase International: live order book, 38 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, 8 min ago	0.50 bp	10.1 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit
Sell Coinbase International live order book, 38 min ago	3.69 bp	8.7 bp −$9	11.3 bp −$113	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
Nado MSFT-PERP	−0.0018%	1h	501.95	+0.019%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTXshort	−0.0016%	1h	501.76	−0.020%	$687K	$450K	10x
Aster MSFTUSDT	0.0000%	8h	502.21	+0.071%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.18	+0.064%	$337K	$392K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.27	+0.081%	$15.7M	$19.1M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.31	+0.090%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.05	+0.038%	$3.2M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.28	+0.084%	$3.8M	$2.3M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.26	+0.080%	$1.3M	$702K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.16	+0.059%	$18K	$300K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	503.02	+0.231%	$6K	$4.3M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.17	+0.062%	$59K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.35	+0.098%	$2.2M	$749K	10x	as long as short
BloFin MSFT-USDT	+0.0019%	8h	502.26	+0.080%	$188K	$209K	20x	as long as short
Bybit MSFTUSDT	+0.0029%	8h	502.31	+0.090%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.14	+0.056%	$638K	$2.1M	20x	as long as short
Hotstuff MSFT-PERP	+0.0032%	1h	501.87	+0.002%	$32K	$8K	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.10	+0.048%	—	$1K	25x	as long as short
QFEX MSFT-USD	+0.0049%	1h	502.14	+0.056%	$1.1M	$5.8M	10x	as long as short
tradeXYZ xyz:MSFTlong	+0.0050%	1h	501.86	long leg	$22.3M	$9.6M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	501.78	−0.016%	$303K	$678K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.17	+0.062%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.91	+0.010%	$529K	$494K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	502.17	+0.062%	$221	—	5x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0069%	1h	502.08	+0.044%	$27K	$101K	10x	as long as short
Phoenix MSFT	+0.0080%	1h	501.94	+0.016%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.73	−0.026%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.91	+0.010%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.17	+0.062%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.19	+0.066%	$55	—	10x	as long as short
Lighter MSFT	+0.0160%	1h	502.35	+0.098%	$1.1M	$585K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.57	+0.141%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0286%	1h	502.15	+0.058%	$97K	$109K	10x	as long as short
edgeX MSFTUSDC	+0.0865%	4h	502.25	+0.079%	$102K	$244K	10x	as long as short