data as of
Settings8H · net · $10k
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Funding arb /

MSFT

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 13:00 UTC+0.0008%/8h
paid, last 24h−0.013%paid, last 7 days+0.053%to open and close $10k−$35
Long on Coinbase InternationalShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MSFT-PERP-INTX495.52−0.0008get 0.0001% / 1h33m 23s$671K$303K10x
ShortBitget MSFTUSDT495.010get 0.0000% / 8h2h 33m$3.6M$1.0M100x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$1.68
Slippage, 4 orders
−$13.48
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$33.8
Break-even
147.8 days
Slippage from Coinbase International: live order book, 26 min ago; Bitget: live order book, 1 min ago.

Price risk

price view
Price gap now
−0.103%
Avg gap 7d
+0.121%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 26 min ago2.83 bp7.9 bp −$810.5 bp −$105doesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago0.81 bp9.6 bp −$1013.5 bp −$13529.7 bp −$2,970doesn't fit

MSFT on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hotstuff MSFT-PERP−0.1600%1h$40K—20xas long as short
Nado MSFT-PERP−0.0009%1h$460K$1K20xas long as short
Coinbase International MSFT-PERP-INTXlong−0.0008%1h$671K$303K10x
Aster MSFTUSDT0.0000%8h$150K$4K20xas long as short
Extended MSFT_24_5-USD0.0000%1h$335K$365K17xas long as short
Binance MSFTUSDT0.0000%8h$15.8M$6.9M20xas long as short
Bybit MSFTUSDT0.0000%8h$7.2M$674K100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h$2.9M$391K20xas long as short
Gate MSFT_USDT0.0000%8h$3.0M$787K100xas long as short
Bitget MSFTUSDTshort0.0000%8h$3.6M$1.0M100x
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Variational Omni MSFT0.0000%8h$1.3M$620K—as long as short
SunX MSFT-USDT0.0000%8h$6K$2.3M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h$23K$89K10xas long as short
HTX MSFT-USDT0.0000%8h$57K$230K20xas long as short
Phemex MSFTUSDT0.0000%8h$2.0M$340K10xas long as short
BloFin MSFT-USDT+0.0023%8h$190K$103K20xas long as short
Lighter MSFT+0.0032%1h$1.1M$460K20xas long as short
Lighter RH MSFT+0.0032%1h$658K$2.6M20xas long as short
Phoenix MSFT+0.0032%1h$10K$15K20xas long as short
QFEX MSFT-USD+0.0038%1h$1.2M$2.9M10xas long as short
Vest MSFT-USD-PERP+0.0046%1h——25xas long as short
tradeXYZ xyz:MSFT+0.0048%1h$23.3M$5.1M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h$292K$209K10xas long as short
SoDEX MSFT-USD+0.0050%1h$59K$3K10xas long as short
Paradex MSFT-USD-PERP+0.0050%8h$218—5xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h$527K$324K15xas long as short
KuCoin MSFTUSDTM+0.0100%8h$1.5M$6K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h$158K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h$8K—10xas long as short
Aevo MSFT-PERP+0.0104%1h$54—10xas long as short
Injective MSFT/USDC PERP+0.0220%1h$114K$173K30xas long as short
edgeX MSFTUSDC+0.0220%4h$101K$243K10xas long as short
Arcus MSFT-USD+0.0298%1h$113K$49K10xas long as short