MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.036%

Price spread now: Injective against ApeX Omni+0.098%108s7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

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

costs, in and out, $10k−$400.402% of the position

Long on ApeX Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.233%+$23 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now +0.098%, 7d avg +0.024%

Together, before fees+0.226%+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 0.073% dearer against ApeX Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.024%. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSFTUSDT	501.29	0.0100	pay 0.0013% / 1h	17m 28s	$160K	$7K	50x
Short	Injective MSFT/USDC PERP	501.78	0.0220	get 0.0028% / 1h	17m 28s	$115K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.098%Rate

Funding earned: $25.2
Price spread: +0.098% → +0.024%: $7.33
Slippage, 4 orders: −$30.13
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$7.62
Costs to cover: 0.402%
Break-even: 9.1 days

Slippage from ApeX Omni: live order book, 48 min ago; Injective: live order book, 51 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, 48 min ago	5.09 bp	10.1 bp −$10	61.3 bp −$613	doesn't fit	doesn't fit
Sell Injective live order book, 51 min ago	9.98 bp	10.0 bp −$10	10.0 bp −$100	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
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.22	−0.014%	$679K	$457K	10x	as long as short
Nado MSFT-PERP	−0.0001%	1h	501.59	+0.060%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.79	+0.100%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.63	+0.069%	$337K	$899K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.73	+0.087%	$15.6M	$18.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.67	+0.076%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.91	+0.124%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.61	+0.064%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.66	+0.074%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.69	+0.080%	$1.3M	$682K	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.75	+0.092%	$18K	$296K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.53	+0.247%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.64	+0.070%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.69	+0.080%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.02	+0.146%	$2.2M	$765K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.60	+0.062%	$622K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	501.59	+0.060%	$1.1M	$5.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.51	+0.044%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.70	+0.082%	—	$1K	25x	as long as short
Hotstuff MSFT-PERP	+0.0048%	1h	501.43	+0.028%	$32K	$8K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.42	+0.026%	$22.1M	$9.3M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.33	+0.008%	$303K	$671K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.64	+0.070%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.46	+0.034%	$522K	$518K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	501.65	+0.072%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.60	+0.062%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.45	+0.032%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDTlong	+0.0100%	1h	501.29	long leg	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.69	+0.080%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.64	+0.070%	$55	—	10x	as long as short
Lighter MSFT	+0.0160%	1h	501.87	+0.116%	$1.1M	$489K	20x	as long as short
Injective MSFT/USDC PERPshort	+0.0220%	1h	501.78	+0.098%	$115K	$45K	30x
edgeX MSFTUSDC	+0.0345%	4h	501.68	+0.077%	$102K	$243K	10x	as long as short