Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.014%
Price spread now: Gate against tradeXYZ+0.020%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$470.466% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 7 days+0.098%+$10 · spread now +0.020%, 7d avg +0.094%
=Together, before fees+0.051%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.074% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.094%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSFT | 503.13 | 0.0044 | pay 0.0005% / 1h | 51m 11s | $22.4M | $8.8M | 20x |
| Short | Gate MSFT_USDT | 503.23 | 0 | get 0.0000% / 8h | 51m 11s | $3.1M | $1.8M | 100x |
tradeXYZ xyz:MSFT
Gate MSFT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$9.16
- Price spread: +0.020% → +0.094%
- −$7.4
- Slippage, 4 orders
- −$13.65
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$63.21
- Costs to cover
- 0.466%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; Gate: live order book, 2 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, 7 min ago | 0.40 bp | 10.0 bp −$10 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 4.37 bp | 13.8 bp −$14 | 47.2 bp −$472 | 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 | −0.0987% | 4h | 503.36 | +0.045% | $102K | $243K | 10x | as long as short |
| Nado MSFT-PERP | −0.0064% | 1h | 503.14 | +0.003% | $414K | $67K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0023% | 8h | 503.56 | +0.085% | $191K | $206K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.19 | +0.012% | $161K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.38 | +0.049% | $339K | $1.8M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.51 | +0.075% | $15.8M | $19.2M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.24 | +0.022% | $7.3M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.49 | +0.072% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDTshort | 0.0000% | 8h | 503.23 | +0.020% | $3.1M | $1.8M | 100x | |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.45 | +0.064% | $3.8M | $2.9M | 100x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 503.43 | +0.060% | $1.3M | $414K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.50 | +0.073% | $18K | $327K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.25 | +0.223% | $6K | $3.8M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.16 | +0.006% | $27K | $44K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 502.97 | −0.032% | $682K | $455K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.42 | +0.058% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.61 | +0.095% | $2.2M | $821K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.19 | +0.012% | $696K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0037% | 1h | 503.34 | +0.042% | $1.2M | $4.7M | 10x | as long as short |
| Lighter MSFT | +0.0040% | 1h | 503.33 | +0.040% | $1.2M | $520K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0040% | 1h | 503.01 | −0.024% | $32K | $8K | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.20 | +0.014% | $97K | $110K | 10x | as long as short |
| tradeXYZ xyz:MSFTlong | +0.0044% | 1h | 503.13 | long leg | $22.4M | $8.8M | 20x | |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.50 | +0.074% | — | $1K | 25x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.06 | −0.014% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.27 | +0.028% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.11 | −0.004% | $512K | $433K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0055% | 8h | 503.30 | +0.033% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.22 | +0.018% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.86 | −0.054% | $1.6M | $61K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.98 | −0.030% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.23 | +0.020% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.34 | +0.043% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.82 | +0.137% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter RH MSFT
QFEX MSFT-USD
Lighter MSFT
Hotstuff MSFT-PERP
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
Injective MSFT/USDC PERP