Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%
Price spread now: KuCoin against tradeXYZ+0.008%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$225as in the Price arb table
costs, in and out, $10k−$2242.236% of the position
Funding, last 7 days+0.120%+$12 on $10k
+Price spread, last 7 days−0.046%−$5 · spread now +0.008%, 7d avg +0.025%
=Together, before fees+0.074%+ Points / potential airdroptradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.025%, 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 | 501.10 | 0.0050 | pay 0.0006% / 1h | 34m 09s | $22.1M | $9.2M | 20x |
| Short | KuCoin MSFTUSDTM | 501.14 | 0.0100 | get 0.0100% / 8h | 6h 34m | $1.5M | $19K | 20x |
tradeXYZ xyz:MSFT
KuCoin MSFTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: +0.008% → +0.025%
- −$1.69
- Slippage, 4 orders
- −$193.64
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$214.84
- Costs to cover
- 2.236%
- Break-even
- 150.2 days
Slippage from tradeXYZ: live order book, 4 min ago; KuCoin: live order book, 7 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 | 9.8 bp −$10 | 11.5 bp −$115 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 10.18 bp | 145.8 bp −$146 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0029% | 4h | 501.29 | +0.038% | $102K | $242K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0016% | 1h | 500.87 | −0.046% | $684K | $451K | 10x | as long as short |
| Nado MSFT-PERP | −0.0011% | 1h | 501.23 | +0.026% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.52 | +0.083% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.35 | +0.049% | $342K | $894K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.48 | +0.076% | $15.6M | $18.8M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.36 | +0.052% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.58 | +0.096% | $3.0M | $2.3M | 20x | as long as short |
| Hotstuff MSFT-PERP | 0.0000% | 1h | 501.11 | +0.002% | $32K | $8K | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.32 | +0.044% | $3.1M | $1.6M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Hotstuff MSFT-PERP
Gate MSFT_USDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 501.49 | +0.078% | $4.3M | $2.4M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.49 | +0.077% | $1.3M | $680K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.39 | +0.058% | $19K | $295K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.26 | +0.231% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.09 | −0.002% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.38 | +0.056% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.68 | +0.116% | $2.2M | $764K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.31 | +0.042% | $620K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0038% | 1h | 501.35 | +0.050% | $1.1M | $5.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.24 | +0.028% | $97K | $109K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.27 | +0.034% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFTlong | +0.0050% | 1h | 501.10 | long leg | $22.1M | $9.2M | 20x | |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.12 | +0.004% | $303K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.37 | +0.054% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.16 | +0.012% | $520K | $518K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 501.36 | +0.052% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.15 | +0.010% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTMshort | +0.0100% | 8h | 501.14 | +0.008% | $1.5M | $19K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.96 | −0.028% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.37 | +0.054% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.38 | +0.056% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0136% | 1h | 501.59 | +0.098% | $1.1M | $489K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.62 | +0.104% | $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
Lighter RH MSFT
QFEX MSFT-USD
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
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP