MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.088%

Price spread now: Arcus against Coinbase International+0.048%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.135%+$14 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.048%, 7d avg +0.083%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.035% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.048% now, against its 7-day average of +0.083%). If the spread goes back, that is −$4 on $10k: about 27 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSFT-PERP-INTX	503.75	−0.0064	get 0.0008% / 1h	6m 09s	$683K	$494K	10x
Short	Arcus MSFT-USD	503.99	0.0040	get 0.0005% / 1h	6m 09s	$97K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now +0.048%Rate

Funding earned: $21.9
Price spread: +0.048% → +0.083%: −$3.54
Slippage, 4 orders: −$21.64
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$17.78
Costs to cover: 0.361%
Break-even: 12.7 days

Slippage from Coinbase International: live order book, 42 min ago; Arcus: live order book, 42 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 Coinbase International live order book, 42 min ago	2.89 bp	8.2 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit
Sell Arcus live order book, 42 min ago	3.68 bp	9.8 bp −$10	12.0 bp −$120	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	−0.0903%	4h	504.37	+0.122%	$103K	$242K	10x	as long as short
Coinbase International MSFT-PERP-INTXlong	−0.0064%	1h	503.75	long leg	$683K	$494K	10x
Nado MSFT-PERP	−0.0017%	1h	503.94	+0.037%	$415K	$68K	20x	as long as short
Hotstuff MSFT-PERP	−0.0008%	1h	503.81	+0.012%	$33K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.89	+0.029%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.04	+0.057%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.19	+0.087%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.95	+0.040%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.29	+0.107%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.01	+0.052%	$3.1M	$1.8M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	504.18	+0.085%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.20	+0.089%	$1.3M	$499K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.28	+0.105%	$19K	$323K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.94	+0.236%	$6K	$3.9M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.09	+0.067%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.33	+0.115%	$2.2M	$815K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	503.87	+0.024%	$11K	$15K	20x	as long as short
BloFin MSFT-USDT	+0.0021%	8h	504.36	+0.121%	$189K	$207K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.88	+0.026%	$711K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	504.15	+0.079%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USDshort	+0.0040%	1h	503.99	+0.048%	$97K	$110K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	504.08	+0.066%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.66	−0.018%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.80	+0.010%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.03	+0.056%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.83	+0.016%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0059%	8h	504.06	+0.062%	$222	—	5x	as long as short
Lighter MSFT	+0.0088%	1h	504.09	+0.067%	$1.2M	$516K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.58	−0.034%	$1.6M	$57K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.79	+0.008%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.04	+0.058%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.10	+0.069%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0107%	1h	503.92	+0.034%	$27K	$43K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.48	+0.145%	$116K	$45K	30x	as long as short