Funding you earn now, next payment 08:00 UTC+0.0903%/8h= +98.8% APRpaid last 24h +0.064%
Price spread now: Variational Omni against edgeX−0.034%7-day average −0.001% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.034%, 7d avg −0.001%
=Together, before fees+0.046%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.032% cheaper against edgeX than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of −0.001%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$27 a day). At the pace of the last 4 days (+0.021% in total) that is about 5.6 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.021% in total (about 2.1% 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 | 504.37 | −0.0903 | get 0.0451% / 4h | 2h 08m | $103K | $242K | 10x |
| Short | Variational Omni MSFT | 504.20 | 0 | get 0.0000% / 8h | 2h 08m | $1.3M | $499K | — |
edgeX MSFTUSDC
Variational Omni MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $189.57
- Price spread: −0.034% → −0.001%
- −$3.24
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $177.33
- Costs to cover
- 0.090%
- Break-even
- 0.5 days
Slippage unknown: edgeX: live order book, 38 min ago; Variational Omni: RFQ quote, just now. 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, 38 min ago | 5.17 bp | 9.8 bp −$10 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 3.57 bp | doesn't fit | 15.3 bp −$153 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDClong | −0.0903% | 4h | 504.37 | long leg | $103K | $242K | 10x | |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 503.76 | −0.120% | $684K | $493K | 10x | as long as short |
| Nado MSFT-PERP | −0.0021% | 1h | 503.94 | −0.084% | $415K | $68K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.0008% | 1h | 503.84 | −0.104% | $33K | $8K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.97 | −0.078% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.11 | −0.050% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.26 | −0.021% | $15.9M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.98 | −0.077% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.32 | −0.009% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.08 | −0.057% | $3.1M | $1.8M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Hotstuff MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 504.23 | −0.027% | $3.8M | $3.0M | 100x | as long as short |
| Variational Omni MSFTshort | 0.0000% | 8h | 504.20 | −0.034% | $1.3M | $499K | — | |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.28 | −0.017% | $19K | $323K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.06 | +0.137% | $6K | $3.9M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.20 | −0.033% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.45 | +0.016% | $2.2M | $814K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0013% | 8h | 504.31 | −0.011% | $189K | $207K | 20x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.87 | −0.099% | $11K | $15K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.02 | −0.069% | $683K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 504.16 | −0.041% | $1.1M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.99 | −0.075% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.18 | −0.037% | — | $1K | 25x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0048% | 1h | 504.00 | −0.073% | $27K | $43K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.85 | −0.102% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.90 | −0.093% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.09 | −0.055% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.97 | −0.079% | $522K | $476K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0058% | 8h | 504.13 | −0.047% | $222 | — | 5x | as long as short |
| Lighter MSFT | +0.0080% | 1h | 504.26 | −0.021% | $1.2M | $516K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.64 | −0.144% | $1.6M | $57K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.79 | −0.114% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.13 | −0.047% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.21 | −0.030% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.42 | +0.011% | $115K | $45K | 30x | as long as short |
Bitget MSFTUSDT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Phoenix MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Deribit MSFT_USDC-PERPETUAL
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Lighter MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP