MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.038%

Price spread now: Coinbase International against ApeX Omni−0.006%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.239%−$24 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.006%, 7d avg −0.037%

Together, before fees−0.198%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.031% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.037%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSFTUSDT	503.69	0.0100	pay 0.0013% / 1h	41m 12s	$160K	$7K	50x
Short	Coinbase International MSFT-PERP-INTX	503.66	−0.0048	pay 0.0006% / 1h	41m 12s	$682K	$500K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$31.08
Price spread: −0.006% → −0.037%: $3.15
Slippage, 4 orders: −$16.26
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$64.2
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 65 min ago; Coinbase International: 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 ApeX Omni live order book, 65 min ago	5.08 bp	10.1 bp −$10	52.3 bp −$523	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.48 bp	8.3 bp −$8	10.5 bp −$105	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-INTXshort	−0.0048%	1h	503.66	−0.006%	$682K	$500K	10x
Aster MSFTUSDT	0.0000%	8h	503.73	+0.009%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.97	+0.055%	$341K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.05	+0.071%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.76	+0.014%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.06	+0.073%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.77	+0.016%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.01	+0.064%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.96	+0.053%	$1.3M	$499K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.99	+0.060%	$18K	$327K	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	504.83	+0.226%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.72	+0.006%	$27K	$43K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.94	+0.050%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.15	+0.091%	$2.2M	$820K	10x	as long as short
Nado MSFT-PERP	+0.0011%	1h	503.71	+0.004%	$415K	$67K	20x	as long as short
BloFin MSFT-USDT	+0.0012%	8h	504.01	+0.064%	$190K	$206K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.84	+0.030%	$690K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.97	+0.056%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.73	+0.008%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.96	+0.054%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.58	−0.022%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.68	−0.002%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.78	+0.018%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.57	−0.024%	$522K	$476K	15x	as long as short
Hotstuff MSFT-PERP	+0.0056%	1h	503.60	−0.018%	$32K	$8K	20x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	503.89	+0.039%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.80	+0.022%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.48	−0.042%	$1.6M	$58K	20x	as long as short
ApeX Omni MSFTUSDTlong	+0.0100%	1h	503.69	long leg	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.91	+0.044%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.95	+0.051%	$55	—	10x	as long as short
Lighter MSFT	+0.0136%	1h	504.07	+0.075%	$1.2M	$514K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.21	+0.103%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0978%	4h	503.91	+0.044%	$103K	$244K	10x	as long as short