MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0186%/8h= +20.4% APRnext payment +$0.23 per $10,000 · paid last 24h +0.046%

Price spread now: Arcus against ApeX Omni+0.086%53s7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.340% of the position

Long on ApeX Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.044%+$4 on $10k

Price spread, last 3 days (all we have)−0.015%−$1 · spread now +0.086%, 7d avg +0.046%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Arcus is 0.040% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.046%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.044% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSFTUSDT	501.72	0.0100	pay 0.0013% / 1h	38m 35s	$160K	$7K	50x
Short	Arcus MSFT-USD	502.15	0.0286	get 0.0036% / 1h	38m 35s	$97K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against ApeX Omni. 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 ApeX OmnibpFee ArcusbpOrdersPrice spread, now +0.086%Rate

Funding earned: $39.03
Price spread: +0.086% → +0.046%: $3.98
Slippage, 4 orders: −$19.49
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $9.02
Costs to cover: 0.340%
Break-even: 5.4 days

Slippage from ApeX Omni: live order book, 37 min ago; Arcus: live order book, 39 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 ApeX Omni live order book, 37 min ago	5.08 bp	10.1 bp −$10	69.3 bp −$693	doesn't fit	doesn't fit
Sell Arcus live order book, 39 min ago	2.89 bp	8.5 bp −$9	9.9 bp −$99	19.5 bp −$1,947	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
BloFin MSFT-USDT	−0.0027%	8h	502.26	+0.108%	$188K	$209K	20x	as long as short
Nado MSFT-PERP	−0.0018%	1h	501.95	+0.046%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.76	+0.008%	$687K	$450K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.21	+0.098%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.15	+0.086%	$337K	$392K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.24	+0.103%	$15.7M	$19.1M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.27	+0.110%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.04	+0.064%	$3.2M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.27	+0.110%	$3.8M	$2.3M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.20	+0.096%	$1.3M	$692K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	502.15	+0.086%	$18K	$300K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	503.01	+0.257%	$6K	$4.3M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.13	+0.082%	$59K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.33	+0.122%	$2.2M	$748K	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0029%	1h	502.05	+0.066%	$27K	$101K	10x	as long as short
Bybit MSFTUSDT	+0.0029%	8h	502.30	+0.116%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.12	+0.080%	$636K	$2.1M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.13	+0.082%	—	$1K	25x	as long as short
Hotstuff MSFT-PERP	+0.0048%	1h	501.81	+0.018%	$32K	$8K	20x	as long as short
QFEX MSFT-USD	+0.0049%	1h	502.12	+0.080%	$1.1M	$5.8M	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.87	+0.030%	$22.3M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.76	+0.008%	$303K	$678K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.17	+0.090%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.80	+0.016%	$529K	$494K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	502.18	+0.091%	$221	—	5x	as long as short
edgeX MSFTUSDC	+0.0075%	4h	502.21	+0.097%	$102K	$242K	10x	as long as short
Phoenix MSFT	+0.0080%	1h	501.94	+0.044%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.70	−0.004%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDTlong	+0.0100%	1h	501.72	long leg	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.19	+0.094%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.18	+0.093%	$55	—	10x	as long as short
Lighter MSFT	+0.0160%	1h	502.36	+0.128%	$1.1M	$585K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.57	+0.169%	$115K	$45K	30x	as long as short
Arcus MSFT-USDshort	+0.0286%	1h	502.15	+0.086%	$97K	$109K	10x