Funding you earn now, next payment 04:00 UTC+0.0245%/8h= +26.8% APRpaid last 24h +0.019%
Price spread now: edgeX against KuCoin+0.071%113s7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$170as 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−$1691.685% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.071%, 7d avg +0.072%
=Together, before fees−0.073%+ Points / potential airdropedgeX: Active · farm board−$7 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: +$7 a day on $10k at the current rate. The two prices were read 113 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 -0.019% in total (about -1.0% 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 | KuCoin MSFTUSDTM | 501.32 | 0.0100 | pay 0.0100% / 8h | 6h 13m | $1.5M | $19K | 20x |
| Short | edgeX MSFTUSDC | 501.68 | 0.0345 | get 0.0173% / 4h | 2h 13m | $102K | $243K | 10x |
KuCoin MSFTUSDTM
edgeX MSFTUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against KuCoin. 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
- $51.49
- Price spread: +0.071% → +0.072%
- −$0.05
- Slippage, 4 orders
- −$147.54
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$117.09
- Costs to cover
- 1.685%
- Break-even
- 22.9 days
Slippage from KuCoin: live order book, 2 min ago; edgeX: live order book, 53 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 KuCoin live order book, 2 min ago | 10.77 bp | 85.6 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 53 min ago | 5.19 bp | 9.9 bp −$10 | 12.1 bp −$121 | doesn't fit | doesn't fit |
MSFT on 33 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 | −0.0016% | 1h | 501.22 | −0.020% | $679K | $457K | 10x | as long as short |
| Nado MSFT-PERP | −0.0008% | 1h | 501.53 | +0.041% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.80 | +0.097% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.54 | +0.045% | $337K | $899K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.67 | +0.070% | $15.6M | $18.8M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.72 | +0.080% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.79 | +0.094% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.59 | +0.054% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.67 | +0.070% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.63 | +0.061% | $1.3M | $682K | — | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.75 | +0.086% | $18K | $296K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.46 | +0.227% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.52 | +0.040% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.59 | +0.054% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.03 | +0.142% | $2.2M | $766K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.55 | +0.046% | $631K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0038% | 1h | 501.54 | +0.044% | $1.1M | $5.7M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.49 | +0.034% | $97K | $109K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.70 | +0.076% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.36 | +0.008% | $22.1M | $9.3M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.30 | −0.004% | $303K | $671K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.62 | +0.060% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.23 | −0.018% | $522K | $518K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0055% | 8h | 501.56 | +0.048% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.60 | +0.056% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTMlong | +0.0100% | 8h | 501.32 | long leg | $1.5M | $19K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.29 | −0.006% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.60 | +0.056% | $8K | — | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0104% | 1h | 501.39 | +0.014% | $32K | $8K | 20x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.57 | +0.049% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0160% | 1h | 501.78 | +0.092% | $1.1M | $489K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.78 | +0.092% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDCshort | +0.0345% | 4h | 501.68 | +0.071% | $102K | $243K | 10x |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
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
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Hotstuff MSFT-PERP
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP