Funding you earn now, next payment 04:00 UTC−0.0731%/8h= −80.0% APRpaid last 24h −0.005%
Price spread now: Bitget against edgeX−0.005%114s7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.384% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.005%, 7d avg +0.011%
=Together, before fees−0.008%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$22 a day on $10k at the current rate. The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSFTUSDC | 501.12 | 0.0731 | pay 0.0365% / 4h | 1h 05m | $102K | $242K | 10x |
| Short | Bitget MSFTUSDT | 501.09 | 0 | get 0.0000% / 8h | 5h 05m | $4.5M | $2.5M | 100x |
edgeX MSFTUSDC
Bitget MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$153.5
- Price spread: −0.005% → +0.011%
- −$1.65
- Slippage, 4 orders
- −$17.43
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$193.58
- Costs to cover
- 0.384%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 56 min ago; Bitget: live order book, 2 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, 56 min ago | 5.68 bp | 10.3 bp −$10 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.30 bp | 9.2 bp −$9 | 13.9 bp −$139 | 28.1 bp −$2,811 | 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 | −0.0064% | 1h | 500.97 | −0.029% | $678K | $458K | 10x | as long as short |
| Nado MSFT-PERP | −0.0035% | 1h | 500.79 | −0.065% | $413K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0005% | 8h | 501.11 | −0.001% | $189K | $204K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.19 | +0.015% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 500.94 | −0.035% | $337K | $892K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.05 | −0.014% | $15.7M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 500.83 | −0.057% | $7.2M | $2.1M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.18 | +0.013% | $3.0M | $2.3M | 20x | as long as short |
| Hotstuff MSFT-PERP | 0.0000% | 1h | 500.66 | −0.091% | $32K | $8K | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 500.96 | −0.031% | $3.1M | $1.7M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Hotstuff MSFT-PERP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDTshort | 0.0000% | 8h | 501.09 | −0.005% | $4.5M | $2.5M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 500.98 | −0.028% | $1.3M | $647K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.19 | +0.014% | $18K | $299K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 501.83 | +0.142% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 500.77 | −0.069% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 500.90 | −0.043% | $58K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.33 | +0.043% | $2.2M | $774K | 10x | as long as short |
| QFEX MSFT-USD | +0.0030% | 1h | 501.05 | −0.013% | $1.1M | $5.6M | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 500.84 | −0.055% | $682K | $2.0M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 500.85 | −0.053% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 500.97 | −0.029% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 500.72 | −0.079% | $22.1M | $8.8M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.66 | −0.091% | $301K | $648K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 500.95 | −0.033% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.63 | −0.097% | $515K | $494K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 500.96 | −0.032% | $220 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 500.87 | −0.049% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.93 | −0.037% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.85 | −0.053% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 500.96 | −0.031% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 500.94 | −0.035% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0168% | 1h | 501.14 | +0.005% | $1.1M | $479K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.73 | +0.122% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDClong | +0.0731% | 4h | 501.12 | long leg | $102K | $242K | 10x |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
QFEX MSFT-USD
Lighter RH MSFT
Arcus 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
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP