MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.077%

Price spread now: Arcus against Extended−0.020%7-day average −0.012% · 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−$32as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Extended Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.140%+$14 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.020%, 7d avg −0.012%

Together, before fees+0.118%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSFT_24_5-USD	503.59	0	get 0.0000% / 1h	20m 55s	$338K	$1.2M	17x
Short	Arcus MSFT-USD	503.49	0.0040	get 0.0005% / 1h	20m 55s	$97K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee ArcusbpOrdersPrice spread, now −0.020%Rate

Funding earned: $8.46
Price spread: −0.020% → −0.012%: −$0.76
Slippage, 4 orders: −$21.57
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$23.37
Costs to cover: 0.311%
Break-even: 26.3 days

Slippage from Extended: live order book, 2 min ago; Arcus: live order book, 22 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 Extended live order book, 2 min ago	0.60 bp	5.7 bp −$6	37.7 bp −$377	doesn't fit	doesn't fit
Sell Arcus live order book, 22 min ago	3.38 bp	11.0 bp −$11	13.7 bp −$137	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	−0.0048%	1h	503.66	+0.014%	$682K	$500K	10x	as long as short
BloFin MSFT-USDT	−0.0020%	8h	503.83	+0.048%	$191K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.45	−0.028%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USDlong	0.0000%	1h	503.59	long leg	$338K	$1.2M	17x
Binance MSFTUSDT	0.0000%	8h	503.84	+0.050%	$15.8M	$19.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.48	−0.022%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.78	+0.038%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.63	+0.008%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.76	+0.034%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.61	+0.005%	$1.3M	$499K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	503.76	+0.034%	$19K	$328K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.59	+0.199%	$6K	$3.9M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.71	+0.024%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.79	+0.040%	$2.2M	$822K	10x	as long as short
Nado MSFT-PERP	+0.0028%	1h	503.23	−0.071%	$414K	$67K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.56	−0.006%	$701K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.69	+0.020%	$1.2M	$4.8M	10x	as long as short
Arcus MSFT-USDshort	+0.0040%	1h	503.49	−0.020%	$97K	$110K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	503.72	+0.026%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.35	−0.047%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.45	−0.028%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.72	+0.026%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.36	−0.045%	$522K	$476K	15x	as long as short
Hotstuff MSFT-PERP	+0.0056%	1h	503.36	−0.045%	$32K	$8K	20x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	503.62	+0.006%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.38	−0.042%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.15	−0.087%	$1.6M	$60K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.39	−0.040%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.56	−0.006%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.64	+0.010%	$55	—	10x	as long as short
Lighter MSFT	+0.0168%	1h	503.82	+0.046%	$1.2M	$516K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.04	+0.090%	$115K	$45K	30x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0465%	1h	503.64	+0.010%	$27K	$43K	10x	as long as short
edgeX MSFTUSDC	+0.0765%	4h	503.60	+0.003%	$102K	$243K	10x	as long as short