Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.077%
Price spread now: Arcus against Variational Omni−0.037%7-day average −0.035% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.142%+$14 on $10k
+Price spread, last 4 days (all we have)−0.142%−$14 · spread now −0.037%, 7d avg −0.035%
=Together, before fees0.000%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSFT | 504.15 | 0 | get 0.0000% / 8h | 2h 23m | $1.3M | $477K | — |
| Short | Arcus MSFT-USD | 503.96 | 0.0040 | get 0.0005% / 1h | 23m 35s | $97K | $110K | 10x |
Variational Omni MSFT
Arcus MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Variational Omni. 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
- $8.46
- Price spread: −0.037% → −0.035%
- −$0.17
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $3.78
- Costs to cover
- 0.045%
- Break-even
- 3.9 days
Slippage unknown: Variational Omni: RFQ quote, just now; Arcus: live order book, 24 min ago. Net counts fees only.
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 Variational Omni RFQ quote, just now | 2.53 bp | doesn't fit | 23.2 bp −$232 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 24 min ago | 3.68 bp | 9.8 bp −$10 | 12.0 bp −$120 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 503.98 | −0.033% | $687K | $485K | 10x | as long as short |
| Nado MSFT-PERP | −0.0034% | 1h | 504.11 | −0.007% | $415K | $68K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0009% | 8h | 504.26 | +0.022% | $189K | $206K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.16 | +0.002% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.30 | +0.031% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.44 | +0.058% | $15.8M | $19.4M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.24 | +0.018% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.45 | +0.060% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.15 | +0.001% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.41 | +0.052% | $3.8M | $3.0M | 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
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFTlong | 0.0000% | 8h | 504.15 | long leg | $1.3M | $477K | — | |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.79 | −0.071% | $19K | $317K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.16 | +0.201% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 504.20 | +0.011% | $27K | $43K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.25 | +0.020% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.52 | +0.074% | $2.2M | $803K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.79 | −0.071% | $11K | $15K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.23 | +0.017% | $688K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 504.36 | +0.042% | $1.2M | $4.8M | 10x | as long as short |
| Arcus MSFT-USDshort | +0.0040% | 1h | 503.96 | −0.037% | $97K | $110K | 10x | |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.37 | +0.044% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 504.05 | −0.019% | $22.4M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 504.02 | −0.025% | $303K | $720K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.16 | +0.003% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 504.01 | −0.027% | $518K | $472K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 504.31 | +0.033% | $222 | — | 5x | as long as short |
| Lighter MSFT | +0.0088% | 1h | 504.49 | +0.068% | $1.2M | $516K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.64 | −0.101% | $1.6M | $57K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.91 | −0.047% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.21 | +0.013% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.24 | +0.019% | $55 | — | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0128% | 1h | 503.94 | −0.041% | $33K | $8K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.04 | −0.021% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0832% | 4h | 504.10 | −0.010% | $103K | $242K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
Lighter RH MSFT
QFEX MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Lighter MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Hotstuff MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC