data as of
Settings8H · net · $10k
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Funding arb /

MSFT

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Funding spread now, next payment 16:00 UTC+0.0100%/8h
next payment, per $10,000+$1.00paid, last 24h+0.021%paid, last 3 days+0.151%to open and close $10k−$140
Long on BinanceShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MSFTUSDT494.510get 0.0000% / 8h2h 27m$15.7M$8.4M20x
ShortKuCoin MSFTUSDTM494.980.0100get 0.0100% / 8h2h 27m$1.5M$6K20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$21
Slippage, 4 orders
−$118.12
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$119.12
Break-even
46.7 days
Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 4 min ago.

Price risk

price view
Price gap now
+0.095%
Avg gap 7d
−0.100%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 15 min ago0.10 bp6.4 bp −$611.5 bp −$11534.4 bp −$3,441doesn't fit
Sell KuCoin live order book, 4 min ago8.69 bp57.1 bp −$57doesn't fitdoesn't fitdoesn't fit

MSFT on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hotstuff MSFT-PERP−0.1600%1h$40K—20xas long as short
BloFin MSFT-USDT−0.0027%8h$190K$104K20xas long as short
Coinbase International MSFT-PERP-INTX−0.0008%1h$663K$323K10xas long as short
Nado MSFT-PERP−0.0007%1h$459K$1K20xas long as short
Aster MSFTUSDT0.0000%8h$150K$8K20xas long as short
Extended MSFT_24_5-USD0.0000%1h$335K$365K17xas long as short
Binance MSFTUSDTlong0.0000%8h$15.7M$8.4M20x
Bybit MSFTUSDT0.0000%8h$7.2M$770K100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h$2.9M$418K20xas long as short
Gate MSFT_USDT0.0000%8h$3.0M$800K100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget MSFTUSDT0.0000%8h$3.6M$1.2M100xas long as short
Variational Omni MSFT0.0000%8h$1.3M$620K—as long as short
SunX MSFT-USDT0.0000%8h$6K$2.4M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h$27K$93K10xas long as short
HTX MSFT-USDT0.0000%8h$57K$231K20xas long as short
Phemex MSFTUSDT0.0000%8h$2.0M$349K10xas long as short
Lighter MSFT+0.0032%1h$1.1M$473K20xas long as short
Lighter RH MSFT+0.0032%1h$691K$2.7M20xas long as short
Phoenix MSFT+0.0032%1h$10K$15K20xas long as short
QFEX MSFT-USD+0.0038%1h$1.1M$2.9M10xas long as short
Vest MSFT-USD-PERP+0.0046%1h——25xas long as short
tradeXYZ xyz:MSFT+0.0050%1h$23.3M$5.4M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h$299K$234K10xas long as short
SoDEX MSFT-USD+0.0050%1h$59K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h$530K$330K15xas long as short
Paradex MSFT-USD-PERP+0.0051%8h$217—5xas long as short
KuCoin MSFTUSDTMshort+0.0100%8h$1.5M$6K20x
ApeX Omni MSFTUSDT+0.0100%1h$158K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h$8K—10xas long as short
Aevo MSFT-PERP+0.0104%1h$54—10xas long as short
Injective MSFT/USDC PERP+0.0220%1h$113K$173K30xas long as short
Arcus MSFT-USD+0.0298%1h$112K$49K10xas long as short
edgeX MSFTUSDC+0.0318%4h$101K$244K10xas long as short