data as of
Settings8H · net · $10k
Funding arb /

MSFT

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Funding spread now, next payment 00:00 UTC−0.0100%/8h
next payment, per $10,000$1.00paid, last 24h−0.030%paid, last 5 days−0.126%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_MSFT_USDC_mythos497.530.0100pay 0.0100% / 8h6h 30m$8K10x
ShortOKX MSFT-USDT-SWAP497.520get 0.0000% / 8h6h 30m$3.0M$2.1M20x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$21
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee OKX: 5 bp × 2 orders
−$10
Net
−$37
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; OKX: live order book, 3 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.002%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell OKX live order book, 3 min ago0.70 bp9.4 bp −$915.0 bp −$150doesn't fitdoesn't fit
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MSFT on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
edgeX MSFTUSDC−0.0895%4h$101K$245K10xas long as short
Coinbase International MSFT-PERP-INTX−0.0056%1h$671K$347K10xas long as short
BloFin MSFT-USDT−0.0022%8h$191K$177K20xas long as short
Nado MSFT-PERP0.0000%1h$462K$5K20xas long as short
Aster MSFTUSDT0.0000%8h$156K$80K20xas long as short
Extended MSFT_24_5-USD0.0000%1h$372K$410K17xas long as short
Binance MSFTUSDT0.0000%8h$15.7M$16.2M20xas long as short
Bybit MSFTUSDT0.0000%8h$7.3M$1.5M100xas long as short
OKX MSFT-USDT-SWAPshort0.0000%8h$3.0M$2.1M20x
Gate MSFT_USDT0.0000%8h$3.1M$1.3M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget MSFTUSDT0.0000%8h$3.7M$1.7M100xas long as short
Variational Omni MSFT0.0000%8h$1.3M$719Kas long as short
SunX MSFT-USDT0.0000%8h$6K$4.4M20xas long as short
HTX MSFT-USDT0.0000%8h$58K$231K20xas long as short
Phemex MSFTUSDT0.0000%8h$2.1M$606K10xas long as short
Hotstuff MSFT-PERP+0.0024%1h$40K20xas long as short
QFEX MSFT-USD+0.0028%1h$1.2M$4.4M10xas long as short
Lighter MSFT+0.0032%1h$1.1M$542K20xas long as short
Lighter RH MSFT+0.0032%1h$668K$2.1M20xas long as short
Vest MSFT-USD-PERP+0.0046%1h25xas long as short
Phoenix MSFT+0.0048%1h$10K$15K20xas long as short
tradeXYZ xyz:MSFT+0.0050%1h$21.9M$8.4M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h$301K$444K10xas long as short
SoDEX MSFT-USD+0.0050%1h$60K$3K10xas long as short
Paradex MSFT-USD-PERP+0.0050%8h$2195xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h$509K$450K15xas long as short
KuCoin MSFTUSDTM+0.0100%8h$1.5M$10K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h$158K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythoslong+0.0100%8h$8K10x
Aevo MSFT-PERP+0.0104%1h$5510xas long as short
Deribit MSFT_USDC-PERPETUAL+0.0152%1h$27K$113K10xas long as short
Injective MSFT/USDC PERP+0.0220%1h$114K$125K30xas long as short
Arcus MSFT-USD+0.0577%1h$111K$75K10xas long as short