Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Bitget−0.074%7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1411.410% of the position
Funding, last 7 days+0.170%+$17 on $10k
+Price spread, last 7 days−0.022%−$2 · spread now −0.074%, 7d avg −0.094%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.020% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.094%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MSFTUSDT | 503.08 | 0 | get 0.0000% / 8h | 3h 17m | $4.4M | $2.6M | 100x |
| Short | KuCoin MSFTUSDTM | 502.71 | 0.0100 | get 0.0100% / 8h | 3h 17m | $1.6M | $55K | 20x |
Bitget MSFTUSDT
KuCoin MSFTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.074% → −0.094%
- $2
- Slippage, 4 orders
- −$116.99
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$117.99
- Costs to cover
- 1.410%
- Break-even
- 46.3 days
Slippage from Bitget: live order book, 6 min ago; KuCoin: live order book, 3 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, 6 min ago | 1.39 bp | 9.6 bp −$10 | 13.1 bp −$131 | 35.0 bp −$3,497 | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 8.85 bp | 79.6 bp −$80 | doesn't fit | 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 | −0.0148% | 4h | 503.01 | −0.014% | $102K | $243K | 10x | as long as short |
| Nado MSFT-PERP | −0.0104% | 1h | 503.01 | −0.014% | $415K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 502.82 | −0.052% | $680K | $449K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.0010% | 1h | 502.70 | −0.076% | $22.2M | $8.8M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.0008% | 1h | 502.96 | −0.024% | $27K | $42K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.11 | +0.006% | $162K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.04 | −0.009% | $339K | $884K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.19 | +0.022% | $15.8M | $19.2M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.90 | −0.036% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.22 | +0.028% | $3.0M | $2.3M | 20x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
tradeXYZ xyz:MSFT
Deribit MSFT_USDC-PERPETUAL
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | 0.0000% | 8h | 502.86 | −0.044% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDTlong | 0.0000% | 8h | 503.08 | long leg | $4.4M | $2.6M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 503.01 | −0.015% | $1.3M | $606K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.14 | +0.012% | $19K | $301K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 503.88 | +0.159% | $6K | $4.0M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.93 | −0.030% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.19 | +0.022% | $2.2M | $786K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0003% | 8h | 503.05 | −0.006% | $189K | $205K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.23 | +0.030% | $1.1M | $504K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 502.95 | −0.026% | $679K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 503.01 | −0.014% | $1.1M | $4.9M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 502.77 | −0.062% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.18 | +0.020% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 502.82 | −0.052% | $11K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 502.76 | −0.064% | $304K | $705K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.91 | −0.034% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 503.05 | −0.005% | $221 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 502.58 | −0.099% | $512K | $462K | 15x | as long as short |
| Hotstuff MSFT-PERP | +0.0064% | 1h | 502.74 | −0.068% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTMshort | +0.0100% | 8h | 502.71 | −0.074% | $1.6M | $55K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.91 | −0.034% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.14 | +0.012% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.06 | −0.004% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.14 | −0.187% | $115K | $45K | 30x | as long as short |
Gate MSFT_USDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Ondo Perps MSFT-USD.P
Hotstuff MSFT-PERP
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP