Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: ApeX Omni against Bitget−0.093%103s7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as 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−$390.390% of the position
Funding, last 7 days+0.195%+$19 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.093%, 7d avg −0.081%
=The price spread sits at its 7-day average of −0.081%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 103 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 | Bitget MSFTUSDT | 503.65 | 0 | get 0.0000% / 8h | 35m 47s | $3.8M | $2.9M | 100x |
| Short | ApeX Omni MSFTUSDT | 503.18 | 0.0100 | get 0.0013% / 1h | 35m 47s | $160K | $7K | 50x |
Bitget MSFTUSDT
ApeX Omni MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: −0.093% → −0.081%
- −$1.28
- Slippage, 4 orders
- −$17.05
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$19.33
- Costs to cover
- 0.390%
- Break-even
- 13.4 days
Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 65 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 Bitget live order book, 2 min ago | 1.79 bp | 10.6 bp −$11 | 14.4 bp −$144 | 46.2 bp −$4,619 | doesn't fit |
| Sell ApeX Omni live order book, 65 min ago | 5.07 bp | 10.1 bp −$10 | 64.8 bp −$648 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0470% | 4h | 503.71 | +0.011% | $102K | $243K | 10x | as long as short |
| Nado MSFT-PERP | −0.0020% | 1h | 503.42 | −0.046% | $414K | $67K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.74 | +0.017% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.61 | −0.008% | $338K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.74 | +0.018% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.50 | −0.030% | $7.3M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.89 | +0.048% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.35 | −0.060% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDTlong | 0.0000% | 8h | 503.65 | long leg | $3.8M | $2.9M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 503.65 | −0.001% | $1.3M | $407K | — | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.78 | +0.025% | $19K | $324K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.55 | +0.179% | $6K | $3.8M | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 502.97 | −0.135% | $682K | $454K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.59 | −0.012% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.88 | +0.046% | $2.2M | $820K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0012% | 8h | 503.79 | +0.028% | $190K | $206K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.62 | −0.006% | $1.2M | $532K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.53 | −0.024% | $707K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0037% | 1h | 503.63 | −0.004% | $1.2M | $4.6M | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0040% | 1h | 503.27 | −0.075% | $32K | $8K | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.47 | −0.036% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.75 | +0.020% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.24 | −0.081% | $22.4M | $8.8M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.44 | −0.042% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.47 | −0.036% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.32 | −0.066% | $513K | $428K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0053% | 8h | 503.62 | −0.006% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.47 | −0.036% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.12 | −0.105% | $1.6M | $63K | 20x | as long as short |
| ApeX Omni MSFTUSDTshort | +0.0100% | 1h | 503.18 | −0.093% | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.67 | +0.004% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.68 | +0.007% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.82 | +0.232% | $116K | $45K | 30x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0286% | 1h | 503.60 | −0.010% | $27K | $44K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Hotstuff MSFT-PERP
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
Deribit MSFT_USDC-PERPETUAL