MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0056%/8h= −6.2% APRnext payment −$0.07 per $10,000 · paid last 24h −0.086%

Price spread now: Coinbase International against Arcus−0.056%7-day average −0.086% · you buy dearer than you sell

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

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

costs, in and out, $10k−$360.358% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.131%−$13 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.056%, 7d avg −0.086%

Together, before fees−0.120%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.030% dearer against Arcus than usual: you sell high and buy low (spread −0.056% now, against its 7-day average of −0.086%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 3 days (−0.131% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSFT-USD	501.50	0.0040	pay 0.0005% / 1h	15m 06s	$97K	$109K	10x
Short	Coinbase International MSFT-PERP-INTX	501.22	−0.0016	pay 0.0002% / 1h	15m 06s	$679K	$457K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. 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 ArcusbpFee Coinbase InternationalbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$11.82
Price spread: −0.056% → −0.086%: $3.04
Slippage, 4 orders: −$21.26
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$44.54
Costs to cover: 0.358%
Break-even: never at this rate

Slippage from Arcus: live order book, 53 min ago; Coinbase International: live order book, 53 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 Arcus live order book, 53 min ago	2.29 bp	8.3 bp −$8	12.7 bp −$127	doesn't fit	doesn't fit
Sell Coinbase International live order book, 53 min ago	1.80 bp	8.2 bp −$8	10.8 bp −$108	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-INTXshort	−0.0016%	1h	501.22	−0.056%	$679K	$457K	10x
Nado MSFT-PERP	−0.0006%	1h	501.52	+0.005%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.81	+0.062%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.57	+0.013%	$337K	$899K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.69	+0.038%	$15.6M	$18.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.74	+0.048%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.90	+0.080%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.59	+0.018%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.68	+0.036%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.63	+0.025%	$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	+0.050%	$18K	$296K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.46	+0.191%	$6K	$4.1M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.84	+0.068%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.00	+0.100%	$2.2M	$765K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.55	+0.010%	$627K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	501.59	+0.018%	$1.1M	$5.7M	10x	as long as short
Arcus MSFT-USDlong	+0.0040%	1h	501.50	long leg	$97K	$109K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	501.71	+0.042%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.37	−0.026%	$22.1M	$9.3M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.30	−0.040%	$303K	$671K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.62	+0.024%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.46	−0.008%	$522K	$518K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	501.58	+0.017%	$221	—	5x	as long as short
Hotstuff MSFT-PERP	+0.0072%	1h	501.39	−0.022%	$32K	$8K	20x	as long as short
Phoenix MSFT	+0.0080%	1h	501.60	+0.020%	$10K	$15K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0089%	1h	501.62	+0.024%	$27K	$41K	10x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.36	−0.028%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.29	−0.042%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.63	+0.026%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.58	+0.016%	$55	—	10x	as long as short
Lighter MSFT	+0.0160%	1h	501.80	+0.060%	$1.1M	$489K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.78	+0.056%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0345%	4h	501.68	+0.035%	$102K	$243K	10x	as long as short