Funding you earn now, next payment 00:00 UTC+0.0305%/8h= +33.4% APRpaid last 24h +0.064%
Price spread now: Arcus against BloFin−0.022%7-day average −0.044% · 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−$26as in the Price arb table
costs, in and out, $10k−$280.281% of the position
Funding, last 3 days (all we have)+0.110%+$11 on $10k
+Price spread, last 3 days (all we have)−0.022%−$2 · spread now −0.022%, 7d avg −0.044%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Arcus is 0.022% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSFT-USDT | 501.85 | −0.0019 | get 0.0019% / 8h | 14m 36s | $188K | $209K | 20x |
| Short | Arcus MSFT-USD | 501.74 | 0.0286 | get 0.0036% / 1h | 14m 36s | $97K | $109K | 10x |
BloFin MSFT-USDT
Arcus MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- $64.09
- Price spread: −0.022% → −0.044%
- $2.22
- Slippage, 4 orders
- −$11.56
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $38.26
- Costs to cover
- 0.281%
- Break-even
- 2.8 days
Slippage from BloFin: live order book, 55 min ago; Arcus: live order book, 63 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, 55 min ago | 0.50 bp | 7.2 bp −$7 | 10.5 bp −$105 | 24.0 bp −$2,399 | doesn't fit |
| Sell Arcus live order book, 63 min ago | 2.89 bp | 8.5 bp −$9 | 9.9 bp −$99 | 19.5 bp −$1,947 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSFT-PERP | −0.0025% | 1h | 501.67 | −0.035% | $414K | $64K | 20x | as long as short |
| BloFin MSFT-USDTlong | −0.0019% | 8h | 501.85 | long leg | $188K | $209K | 20x | |
| Coinbase International MSFT-PERP-INTX | −0.0016% | 1h | 501.76 | −0.018% | $687K | $449K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.01 | +0.031% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.71 | −0.029% | $337K | $392K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.83 | −0.004% | $15.7M | $19.1M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.05 | +0.040% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.62 | −0.046% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.87 | +0.004% | $3.8M | $2.3M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.88 | +0.006% | $1.3M | $692K | — | as long as short |
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
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 | 501.94 | +0.018% | $19K | $295K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.60 | +0.149% | $6K | $4.3M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.64 | −0.042% | $27K | $101K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.66 | −0.038% | $58K | $228K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.94 | +0.018% | $2.2M | $748K | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0024% | 1h | 501.49 | −0.072% | $32K | $8K | 20x | as long as short |
| Bybit MSFTUSDT | +0.0030% | 8h | 501.94 | +0.018% | $7.4M | $1.7M | 100x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.71 | −0.028% | $619K | $2.1M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.81 | −0.008% | — | $1K | 25x | as long as short |
| QFEX MSFT-USD | +0.0049% | 1h | 501.84 | −0.002% | $1.1M | $5.9M | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.49 | −0.072% | $22.3M | $9.4M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.53 | −0.064% | $303K | $678K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.73 | −0.024% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.50 | −0.070% | $529K | $493K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 501.78 | −0.015% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.77 | −0.016% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.30 | −0.110% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.48 | −0.074% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.77 | −0.016% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.75 | −0.020% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0160% | 1h | 501.95 | +0.020% | $1.1M | $586K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.46 | +0.122% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0235% | 4h | 501.91 | +0.012% | $102K | $244K | 10x | as long as short |
| Arcus MSFT-USDshort | +0.0286% | 1h | 501.74 | −0.022% | $97K | $109K | 10x |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Hotstuff MSFT-PERP
Bybit MSFTUSDT
Lighter RH MSFT
Vest MSFT-USD-PERP
QFEX MSFT-USD
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
edgeX MSFTUSDC