Funding you earn now, next payment 09:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.025%
Price spread now: ApeX Omni against BloFin−0.137%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$360.360% of the position
Funding, last 7 days+0.169%+$17 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now −0.137%, 7d avg −0.089%
=Funding pays, the price is against you. ApeX Omni is 0.048% cheaper against BloFin than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of −0.089%). If the spread goes back, that is −$5 on $10k: about 2.1 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSFT-USDT | 504.98 | 0.0024 | pay 0.0024% / 8h | 6h 56m | $191K | $207K | 20x |
| Short | ApeX Omni MSFTUSDT | 504.29 | 0.0100 | get 0.0013% / 1h | 56m 25s | $161K | $7K | 50x |
BloFin MSFT-USDT
ApeX Omni MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against BloFin. 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
- $15.91
- Price spread: −0.137% → −0.089%
- −$4.78
- Slippage, 4 orders
- −$13.97
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$24.84
- Costs to cover
- 0.360%
- Break-even
- 17.9 days
Slippage from BloFin: live order book, 4 min ago; ApeX Omni: live order book, 34 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 BloFin live order book, 4 min ago | 0.79 bp | 7.4 bp −$7 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 34 min ago | 5.06 bp | 10.1 bp −$10 | 62.4 bp −$624 | 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 | −0.0192% | 4h | 504.79 | −0.038% | $103K | $242K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 504.35 | −0.125% | $693K | $454K | 10x | as long as short |
| Nado MSFT-PERP | −0.0009% | 1h | 504.52 | −0.091% | $415K | $67K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.83 | −0.030% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.90 | −0.016% | $326K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 505.08 | +0.019% | $16.3M | $19.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.71 | −0.053% | $7.3M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 505.18 | +0.040% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.77 | −0.042% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 505.03 | +0.010% | $3.9M | $2.8M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 504.71 | −0.053% | $1.3M | $394K | — | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.75 | +0.152% | $6K | $3.5M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 504.51 | −0.093% | $27K | $45K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.87 | −0.022% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 505.23 | +0.050% | $2.3M | $866K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 504.40 | −0.115% | $11K | $5K | 20x | as long as short |
| BloFin MSFT-USDTlong | +0.0024% | 8h | 504.98 | long leg | $191K | $207K | 20x | |
| Lighter RH MSFT | +0.0032% | 1h | 504.74 | −0.048% | $711K | $1.7M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.96 | −0.004% | — | $1K | 25x | as long as short |
| Hotstuff MSFT-PERP | +0.0048% | 1h | 504.38 | −0.119% | $33K | $8K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 504.54 | −0.087% | $22.5M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 504.63 | −0.069% | $304K | $650K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.70 | −0.055% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 504.43 | −0.109% | $537K | $374K | 15x | as long as short |
| Arcus MSFT-USD | +0.0052% | 1h | 504.75 | −0.046% | $93K | $115K | 10x | as long as short |
| QFEX MSFT-USD | +0.0061% | 1h | 504.91 | −0.014% | $1.2M | $4.6M | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0062% | 8h | 504.79 | −0.038% | $222 | — | 5x | as long as short |
| Lighter MSFT | +0.0072% | 1h | 504.76 | −0.044% | $1.2M | $472K | 20x | as long as short |
| GRVT MSFT_USDT_Perp | +0.0097% | 8h | 504.76 | −0.044% | $19K | $312K | 10x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 504.35 | −0.125% | $1.6M | $145K | 20x | as long as short |
| ApeX Omni MSFTUSDTshort | +0.0100% | 1h | 504.29 | −0.137% | $161K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.81 | −0.034% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.67 | −0.061% | $56 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 505.86 | +0.174% | $116K | $45K | 30x | as long as short |
Variational Omni MSFT
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
Lighter RH MSFT
Vest MSFT-USD-PERP
Hotstuff MSFT-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Arcus MSFT-USD
QFEX MSFT-USD
Paradex MSFT-USD-PERP
Lighter MSFT
GRVT MSFT_USDT_Perp
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP