Funding you earn now, next payment 07:00 UTC+0.0427%/8h= +46.8% APRpaid last 24h +0.067%
Price spread now: Deribit against edgeX−0.007%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$13 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSFTUSDC | 503.50 | −0.0427 | get 0.0214% / 4h | 1h 16m | $102K | $244K | 10x |
| Short | Deribit MSFT_USDC-PERPETUAL | 503.46 | 0 | get 0.0000% / 1h | 16m 48s | $27K | $44K | 10x |
edgeX MSFTUSDC
Deribit MSFT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $89.75
- Price spread: −0.007% → 0.000%
- −$0.7
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $73.04
- Costs to cover
- 0.160%
- Break-even
- 1.3 days
Slippage unknown: edgeX: live order book, 25 min ago; Deribit: no order-book sample. Net counts fees only.
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, 25 min ago | 5.26 bp | 9.9 bp −$10 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 MSFTUSDClong | −0.0427% | 4h | 503.50 | long leg | $102K | $244K | 10x | |
| Coinbase International MSFT-PERP-INTX | −0.0048% | 1h | 503.66 | +0.033% | $682K | $500K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.40 | −0.019% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.53 | +0.007% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.68 | +0.037% | $15.8M | $19.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.42 | −0.015% | $7.3M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.73 | +0.047% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.52 | +0.005% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.70 | +0.041% | $3.8M | $3.0M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.75 | +0.050% | $1.3M | $499K | — | 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 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 | 503.61 | +0.023% | $19K | $328K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.48 | +0.196% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUALshort | 0.0000% | 1h | 503.46 | −0.007% | $27K | $44K | 10x | |
| HTX MSFT-USDT | 0.0000% | 8h | 503.63 | +0.027% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.71 | +0.043% | $2.2M | $822K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0013% | 8h | 503.68 | +0.037% | $190K | $207K | 20x | as long as short |
| Nado MSFT-PERP | +0.0026% | 1h | 503.36 | −0.028% | $414K | $67K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.49 | −0.001% | $700K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0039% | 1h | 503.61 | +0.023% | $1.2M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.39 | −0.021% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.69 | +0.039% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.16 | −0.067% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.32 | −0.035% | $303K | $718K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.59 | +0.019% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.13 | −0.073% | $522K | $476K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0059% | 8h | 503.53 | +0.006% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.43 | −0.013% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.10 | −0.079% | $1.6M | $60K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.21 | −0.057% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.53 | +0.007% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.61 | +0.023% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0160% | 1h | 503.72 | +0.045% | $1.2M | $517K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0192% | 1h | 503.21 | −0.057% | $32K | $8K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.04 | +0.108% | $115K | $45K | 30x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Nado MSFT-PERP
Lighter RH MSFT
QFEX MSFT-USD
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
Hotstuff MSFT-PERP
Injective MSFT/USDC PERP