MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: SunX against KuCoin+0.225%7-day average +0.240% · you sell dearer than you buy

Net, funding: paid 7d − costs−$439as in the Funding arb table

Net, price: spread back to 7d avg − costs−$422as in the Price arb table

costs, in and out, $10k−$4214.207% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.225%, 7d avg +0.240%

Together, before fees−0.165%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.240%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSFTUSDTM	501.11	0.0100	pay 0.0100% / 8h	6h 37m	$1.5M	$19K	20x
Short	SunX MSFT-USDT	502.24	0	get 0.0000% / 8h	6h 37m	$5K	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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 KuCoinbpFee SunXbpOrdersPrice spread, now +0.225%Rate

Funding earned: −$21
Price spread: +0.225% → +0.240%: −$1.43
Slippage, 4 orders: −$400.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$443.16
Costs to cover: 4.207%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; SunX: live order book, 11 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, 3 min ago	10.18 bp	58.4 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	29.48 bp	105.4 bp −$105	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
edgeX MSFTUSDC	−0.0029%	4h	501.29	+0.036%	$102K	$242K	10x	as long as short
BloFin MSFT-USDT	−0.0028%	8h	501.33	+0.044%	$189K	$204K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	500.87	−0.048%	$684K	$451K	10x	as long as short
Nado MSFT-PERP	−0.0013%	1h	501.22	+0.022%	$414K	$64K	20x	as long as short
Hotstuff MSFT-PERP	−0.0008%	1h	500.94	−0.034%	$32K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.55	+0.088%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.37	+0.052%	$342K	$894K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.47	+0.072%	$15.6M	$18.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.25	+0.028%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.53	+0.084%	$3.0M	$2.3M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MSFT_USDT	0.0000%	8h	501.18	+0.014%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.40	+0.058%	$4.3M	$2.4M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.10	−0.003%	$1.3M	$677K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.39	+0.056%	$19K	$295K	10x	as long as short
SunX MSFT-USDTshort	0.0000%	8h	502.24	+0.225%	$5K	$4.1M	20x
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.15	+0.008%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.32	+0.042%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.53	+0.084%	$2.2M	$762K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.30	+0.038%	$618K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	501.30	+0.038%	$1.2M	$5.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.15	+0.008%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.25	+0.028%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.09	−0.004%	$22.1M	$9.2M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.10	−0.002%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.30	+0.038%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.84	−0.054%	$513K	$514K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.34	+0.045%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.15	+0.008%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTMlong	+0.0100%	8h	501.11	long leg	$1.5M	$19K	20x
ApeX Omni MSFTUSDT	+0.0100%	1h	500.86	−0.050%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.31	+0.040%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.32	+0.041%	$55	—	10x	as long as short
Lighter MSFT	+0.0136%	1h	501.58	+0.094%	$1.1M	$489K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.56	+0.090%	$115K	$45K	30x	as long as short