Funding you earn now, next payment 01:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h +0.030%
Price spread now: Arcus against edgeX−0.029%54s7-day average −0.025% · 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—prices read too far apart to compare
costs, in and out, $10k−$390.395% of the position
Funding, last 3 days (all we have)+0.113%+$11 on $10k
+Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.029%, 7d avg −0.025%
=Together, before fees+0.148%+ Points / potential airdropedgeX: Active · farm board+$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSFTUSDC | 501.29 | 0.0163 | pay 0.0081% / 4h | 3h 00m | $102K | $243K | 10x |
| Short | Arcus MSFT-USD | 501.14 | 0.0212 | get 0.0026% / 1h | 0m 37s | $97K | $109K | 10x |
edgeX MSFTUSDC
Arcus MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against edgeX. 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
- $10.25
- Price spread: −0.029% → −0.025%
- −$0.46
- Slippage, 4 orders
- −$26
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$29.71
- Costs to cover
- 0.395%
- Break-even
- 27.3 days
Slippage from edgeX: live order book, 7 min ago; Arcus: live order book, 7 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 edgeX live order book, 7 min ago | 5.19 bp | 9.8 bp −$10 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 7 min ago | 2.29 bp | 11.6 bp −$12 | 14.2 bp −$142 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 500.76 | −0.105% | $684K | $449K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.48 | +0.039% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.08 | −0.041% | $342K | $905K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.20 | −0.017% | $15.6M | $18.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.09 | −0.039% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.24 | −0.009% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.22 | −0.013% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.37 | +0.016% | $3.8M | $2.1M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.26 | −0.006% | $1.3M | $690K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.46 | +0.035% | $19K | $293K | 10x | as long as short |
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_PerpShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MSFT-USDT | 0.0000% | 8h | 502.10 | +0.162% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.00 | −0.057% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.24 | −0.009% | $58K | $227K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.40 | +0.022% | $2.2M | $758K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0002% | 8h | 501.37 | +0.016% | $188K | $205K | 20x | as long as short |
| Nado MSFT-PERP | +0.0006% | 1h | 501.18 | −0.022% | $414K | $64K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.18 | −0.021% | $617K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0044% | 1h | 501.24 | −0.009% | $1.1M | $5.8M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.19 | −0.019% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 500.96 | −0.065% | $22.1M | $9.2M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.83 | −0.091% | $303K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.21 | −0.015% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.98 | −0.061% | $514K | $504K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 501.01 | −0.055% | $220 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.05 | −0.047% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.27 | −0.004% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.82 | −0.093% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.24 | −0.009% | $8K | — | 10x | as long as short |
| Lighter MSFT | +0.0104% | 1h | 501.34 | +0.010% | $1.1M | $486K | 20x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.17 | −0.024% | $55 | — | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0160% | 1h | 500.90 | −0.077% | $32K | $8K | 20x | as long as short |
| edgeX MSFTUSDClong | +0.0163% | 4h | 501.29 | long leg | $102K | $243K | 10x | |
| Arcus MSFT-USDshort | +0.0212% | 1h | 501.14 | −0.029% | $97K | $109K | 10x | |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.76 | +0.094% | $115K | $45K | 30x | as long as short |
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Nado MSFT-PERP
Lighter RH MSFT
QFEX MSFT-USD
Vest MSFT-USD-PERP
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
Lighter MSFT
Aevo MSFT-PERP
Hotstuff MSFT-PERP
Injective MSFT/USDC PERP