Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.017%
Price spread now: ApeX Omni against tradeXYZ−0.008%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$390.393% of the position
Funding, last 7 days+0.143%+$14 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.008%, 7d avg +0.027%
=Together, before fees+0.217%+ Points / potential airdroptradeXYZ: Active · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.035% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.027%). If the spread goes back, that is −$3 on $10k: about 2.3 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSFT | 500.96 | 0.0050 | pay 0.0006% / 1h | 21m 36s | $22.1M | $8.9M | 20x |
| Short | ApeX Omni MSFTUSDT | 500.92 | 0.0100 | get 0.0013% / 1h | 21m 36s | $159K | $7K | 50x |
tradeXYZ xyz:MSFT
ApeX Omni MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against tradeXYZ. 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: −0.008% → +0.027%
- −$3.48
- Slippage, 4 orders
- −$11.35
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$32.33
- Costs to cover
- 0.393%
- Break-even
- 28.6 days
Slippage from tradeXYZ: live order book, 6 min ago; ApeX Omni: live order book, 39 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 tradeXYZ live order book, 6 min ago | 0.10 bp | 9.5 bp −$10 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 39 min ago | 5.09 bp | 10.1 bp −$10 | 56.3 bp −$563 | 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 | −0.0136% | 4h | 501.41 | +0.091% | $102K | $242K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 500.91 | −0.010% | $678K | $457K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.0048% | 1h | 500.99 | +0.006% | $32K | $8K | 20x | as long as short |
| Nado MSFT-PERP | −0.0037% | 1h | 501.16 | +0.040% | $414K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0003% | 8h | 501.40 | +0.088% | $189K | $203K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.45 | +0.099% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.31 | +0.069% | $337K | $892K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.44 | +0.096% | $15.7M | $18.9M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.26 | +0.060% | $7.3M | $1.8M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.53 | +0.114% | $3.0M | $2.3M | 20x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Hotstuff MSFT-PERP
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | 0.0000% | 8h | 501.28 | +0.064% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.47 | +0.102% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.44 | +0.096% | $1.3M | $650K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.37 | +0.083% | $19K | $299K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.19 | +0.246% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.06 | +0.020% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.24 | +0.056% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.32 | +0.072% | $2.2M | $770K | 10x | as long as short |
| QFEX MSFT-USD | +0.0030% | 1h | 501.27 | +0.062% | $1.1M | $5.6M | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.23 | +0.054% | $685K | $2.0M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.17 | +0.042% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.25 | +0.058% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFTlong | +0.0050% | 1h | 500.96 | long leg | $22.1M | $8.9M | 20x | |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.99 | +0.006% | $301K | $648K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.33 | +0.074% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.01 | +0.010% | $516K | $494K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0059% | 8h | 501.30 | +0.067% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 501.05 | +0.018% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.22 | +0.052% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDTshort | +0.0100% | 1h | 500.92 | −0.008% | $159K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.22 | +0.052% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.21 | +0.051% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0176% | 1h | 501.55 | +0.118% | $1.1M | $459K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.86 | +0.180% | $115K | $45K | 30x | as long as short |
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
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
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP