Funding you earn now, next payment 00:00 UTC−0.0558%/8h= −61.1% APRpaid last 24h −0.040%
Price spread now: KuCoin against edgeX−0.081%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$200as in the Funding arb table
Net, price: spread back to 7d avg − costs−$205as in the Price arb table
costs, in and out, $10k−$2042.038% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 3 days (all we have)+0.025%+$2 · spread now −0.081%, 7d avg −0.072%
=Together, before fees+0.059%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.072%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.8% 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 | 501.77 | 0.0658 | pay 0.0329% / 4h | 12m 50s | $102K | $244K | 10x |
| Short | KuCoin MSFTUSDTM | 501.37 | 0.0100 | get 0.0100% / 8h | 12m 50s | $1.5M | $19K | 20x |
edgeX MSFTUSDC
KuCoin MSFTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$117.22
- Price spread: −0.081% → −0.072%
- −$0.83
- Slippage, 4 orders
- −$182.83
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$321.87
- Costs to cover
- 2.038%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 64 min ago; KuCoin: live order book, 3 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, 64 min ago | 5.48 bp | 10.1 bp −$10 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 7.78 bp | 77.2 bp −$77 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSFT-PERP | −0.0026% | 1h | 501.75 | −0.005% | $414K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0016% | 1h | 501.76 | −0.003% | $687K | $449K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.01 | +0.047% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.74 | −0.007% | $337K | $387K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.81 | +0.007% | $15.7M | $19.1M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.05 | +0.055% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.66 | −0.023% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.84 | +0.013% | $3.8M | $2.3M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.88 | +0.022% | $1.3M | $692K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.94 | +0.033% | $19K | $295K | 10x | as long as short |
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance 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 | 502.61 | +0.167% | $6K | $4.3M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.65 | −0.025% | $27K | $101K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.77 | −0.001% | $59K | $228K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.97 | +0.039% | $2.2M | $748K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0002% | 8h | 501.86 | +0.017% | $188K | $209K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0024% | 1h | 501.61 | −0.033% | $32K | $8K | 20x | as long as short |
| Bybit MSFTUSDT | +0.0029% | 8h | 501.89 | +0.023% | $7.4M | $1.7M | 100x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.70 | −0.015% | $619K | $2.1M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.82 | +0.009% | — | $1K | 25x | as long as short |
| QFEX MSFT-USD | +0.0049% | 1h | 501.84 | +0.013% | $1.1M | $5.9M | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.53 | −0.049% | $22.3M | $9.4M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.49 | −0.057% | $303K | $678K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.76 | −0.003% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.50 | −0.055% | $529K | $493K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 501.80 | +0.005% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.61 | −0.033% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTMshort | +0.0100% | 8h | 501.37 | −0.081% | $1.5M | $19K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.43 | −0.069% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.77 | −0.001% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.75 | −0.004% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0152% | 1h | 501.93 | +0.031% | $1.1M | $586K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.46 | +0.137% | $115K | $45K | 30x | as long as short |
| Arcus MSFT-USD | +0.0286% | 1h | 501.78 | +0.001% | $97K | $109K | 10x | as long as short |
| edgeX MSFTUSDClong | +0.0658% | 4h | 501.77 | long leg | $102K | $244K | 10x |
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Hotstuff MSFT-PERP
Bybit MSFTUSDT
Lighter RH MSFT
Vest MSFT-USD-PERP
QFEX MSFT-USD
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
Arcus MSFT-USD