Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.017%
Price spread now: tradeXYZ against KuCoin−0.046%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1941.942% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 7 days+0.085%+$9 · spread now −0.046%, 7d avg −0.025%
=Together, before fees−0.034%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.021% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSFTUSDTM | 500.98 | 0.0100 | pay 0.0100% / 8h | 5h 00m | $1.5M | $19K | 20x |
| Short | tradeXYZ xyz:MSFT | 500.75 | 0.0050 | get 0.0006% / 1h | 0m 16s | $22.1M | $8.8M | 20x |
KuCoin MSFTUSDTM
tradeXYZ xyz:MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$10.5
- Price spread: −0.046% → −0.025%
- −$2.07
- Slippage, 4 orders
- −$164.19
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$206.76
- Costs to cover
- 1.942%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; tradeXYZ: live order book, 9 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, 5 min ago | 9.79 bp | 110.9 bp −$111 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 0.30 bp | 10.1 bp −$10 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.0064% | 1h | 500.83 | −0.030% | $32K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 500.97 | −0.002% | $678K | $458K | 10x | as long as short |
| Nado MSFT-PERP | −0.0032% | 1h | 500.96 | −0.004% | $414K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0024% | 8h | 501.35 | +0.074% | $190K | $203K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.17 | +0.038% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.05 | +0.013% | $337K | $888K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.18 | +0.039% | $15.7M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 500.98 | 0.000% | $7.2M | $2.1M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.25 | +0.054% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.07 | +0.018% | $3.1M | $1.7M | 100x | as long as short |
Hotstuff MSFT-PERP
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
BloFin MSFT-USDT
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 | 501.21 | +0.046% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.22 | +0.047% | $1.3M | $617K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.10 | +0.024% | $19K | $299K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 501.95 | +0.194% | $6K | $4.0M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.01 | +0.006% | $58K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.39 | +0.082% | $2.2M | $771K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0010% | 1h | 500.88 | −0.020% | $27K | $41K | 10x | as long as short |
| QFEX MSFT-USD | +0.0030% | 1h | 501.11 | +0.026% | $1.1M | $5.6M | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 500.91 | −0.014% | $680K | $2.0M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 500.93 | −0.010% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.09 | +0.022% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFTshort | +0.0050% | 1h | 500.75 | −0.046% | $22.1M | $8.8M | 20x | |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.80 | −0.036% | $301K | $648K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.05 | +0.014% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.69 | −0.058% | $516K | $442K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0056% | 8h | 501.09 | +0.021% | $220 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 500.91 | −0.014% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTMlong | +0.0100% | 8h | 500.98 | long leg | $1.5M | $19K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.83 | −0.030% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.07 | +0.018% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.02 | +0.007% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0168% | 1h | 501.20 | +0.044% | $1.1M | $479K | 20x | as long as short |
| edgeX MSFTUSDC | +0.0179% | 4h | 501.04 | +0.012% | $102K | $243K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.49 | +0.102% | $115K | $45K | 30x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Deribit MSFT_USDC-PERPETUAL
QFEX MSFT-USD
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
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
edgeX MSFTUSDC
Injective MSFT/USDC PERP