Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%
Price spread now: Bitget against tradeXYZ+0.075%7-day average +0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$380.383% of the position
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 7 days+0.036%+$4 · spread now +0.075%, 7d avg +0.121%
=Together, before fees−0.023%+ Points / potential airdroptradeXYZ: Active · farm board−$2 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 Bitget is 0.045% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.121%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSFT | 503.49 | 0.0050 | pay 0.0006% / 1h | 3m 47s | $22.5M | $9.1M | 20x |
| Short | Bitget MSFTUSDT | 503.87 | 0 | get 0.0000% / 8h | 6h 03m | $3.9M | $2.8M | 100x |
tradeXYZ xyz:MSFT
Bitget MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: +0.075% → +0.121%
- −$4.53
- Slippage, 4 orders
- −$8.29
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$53.31
- Costs to cover
- 0.383%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 8 min ago; Bitget: live order book, 2 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, 8 min ago | 0.40 bp | 9.6 bp −$10 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.78 bp | 11.0 bp −$11 | 14.5 bp −$145 | 35.6 bp −$3,558 | doesn't fit |
MSFT on 34 exchanges
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 | −0.1600% | 1h | 503.75 | +0.052% | $32K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 504.02 | +0.105% | $692K | $479K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.60 | +0.220% | $166K | $118K | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.70 | +0.042% | $7.2M | $2.3M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.72 | +0.046% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDTshort | 0.0000% | 8h | 503.87 | +0.075% | $3.9M | $2.8M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 504.21 | +0.142% | $1.3M | $390K | — | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.74 | +0.248% | $6K | $3.5M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.72 | +0.046% | $27K | $44K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.81 | +0.064% | $48K | $246K | 20x | as long as short |
Hotstuff MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDT
Variational Omni MSFT
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex MSFTUSDT | 0.0000% | 8h | 504.47 | +0.195% | $2.3M | $898K | 10x | as long as short |
| Binance MSFTUSDT | +0.0006% | 8h | 503.94 | +0.089% | $16.3M | $20.0M | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.0008% | 1h | 503.82 | +0.065% | $325K | $1.9M | 17x | as long as short |
| BloFin MSFT-USDT | +0.0028% | 8h | 504.15 | +0.131% | $202K | $209K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.88 | +0.077% | $1.2M | $484K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.83 | +0.068% | $692K | $1.8M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.95 | +0.091% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 503.97 | +0.095% | $11K | $5K | 20x | as long as short |
| tradeXYZ xyz:MSFTlong | +0.0050% | 1h | 503.49 | long leg | $22.5M | $9.1M | 20x | |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.63 | +0.028% | $318K | $677K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.84 | +0.070% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 504.13 | +0.127% | $533K | $380K | 15x | as long as short |
| Arcus MSFT-USD | +0.0052% | 1h | 503.84 | +0.070% | $93K | $83K | 10x | as long as short |
| Nado MSFT-PERP | +0.0058% | 1h | 503.85 | +0.071% | $412K | $70K | 20x | as long as short |
| Paradex MSFT-USD-PERP | +0.0059% | 8h | 503.93 | +0.088% | $222 | — | 5x | as long as short |
| OKX MSFT-USDT-SWAP | +0.0059% | 8h | 504.15 | +0.131% | $3.2M | $2.7M | 20x | as long as short |
| QFEX MSFT-USD | +0.0061% | 1h | 504.00 | +0.101% | $1.1M | $4.7M | 10x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.70 | +0.042% | $1.6M | $205K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 504.01 | +0.103% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.92 | +0.085% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.86 | +0.073% | $55 | — | 10x | as long as short |
| GRVT MSFT_USDT_Perp | +0.0131% | 8h | 504.51 | +0.203% | $19K | $315K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.37 | +0.175% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0702% | 4h | 504.26 | +0.152% | $103K | $243K | 10x | as long as short |
Phemex MSFTUSDT
Binance MSFTUSDT
Extended MSFT_24_5-USD
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
Vest MSFT-USD-PERP
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Arcus MSFT-USD
Nado MSFT-PERP
Paradex MSFT-USD-PERP
OKX MSFT-USDT-SWAP
QFEX MSFT-USD
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
GRVT MSFT_USDT_Perp
Injective MSFT/USDC PERP
edgeX MSFTUSDC