MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.09 per $10,000 · paid last 24h −0.015%

Price spread now: Coinbase International against tradeXYZ−0.012%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on tradeXYZ Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 3 days (all we have)+0.085%+$8 · spread now −0.012%, 7d avg −0.013%

Together, before fees−0.008%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.093%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSFT	500.82	−0.0090	get 0.0011% / 1h	59m 08s	$22.1M	$9.2M	20x
Short	Coinbase International MSFT-PERP-INTX	500.76	−0.0016	pay 0.0002% / 1h	59m 08s	$684K	$449K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against tradeXYZ. 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 tradeXYZbpFee Coinbase InternationalbpOrdersPrice spread, now −0.012%Rate

Funding earned: $15.55
Price spread: −0.012% → −0.013%: $0.09
Slippage, 4 orders: −$8.38
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$20.73
Costs to cover: 0.364%
Break-even: 16.3 days

Slippage from tradeXYZ: live order book, 10 min ago; Coinbase International: 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 tradeXYZ live order book, 10 min ago	0.50 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 9 min ago	1.80 bp	8.2 bp −$8	10.8 bp −$108	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
tradeXYZ xyz:MSFTlong	−0.0090%	1h	500.82	long leg	$22.1M	$9.2M	20x
Coinbase International MSFT-PERP-INTXshort	−0.0016%	1h	500.76	−0.012%	$684K	$449K	10x
Aster MSFTUSDT	0.0000%	8h	501.46	+0.128%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.17	+0.069%	$342K	$905K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.27	+0.090%	$15.6M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.18	+0.072%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.21	+0.078%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.08	+0.052%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.37	+0.110%	$3.8M	$2.1M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.26	+0.087%	$1.3M	$690K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.40	+0.116%	$19K	$293K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.06	+0.248%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.02	+0.040%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.09	+0.054%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.38	+0.112%	$2.2M	$758K	10x	as long as short
Nado MSFT-PERP	+0.0005%	1h	501.20	+0.075%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	+0.0029%	8h	501.24	+0.084%	$188K	$205K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.08	+0.052%	$617K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	501.19	+0.074%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.28	+0.092%	—	$1K	25x	as long as short
Hotstuff MSFT-PERP	+0.0048%	1h	500.84	+0.004%	$32K	$8K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.88	+0.012%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.15	+0.066%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.78	−0.008%	$514K	$503K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.19	+0.074%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.05	+0.046%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.22	+0.080%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.82	0.000%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.20	+0.076%	$8K	—	10x	as long as short
Lighter MSFT	+0.0104%	1h	501.33	+0.102%	$1.1M	$485K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.19	+0.073%	$55	—	10x	as long as short
edgeX MSFTUSDC	+0.0163%	4h	501.29	+0.093%	$102K	$243K	10x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.11	+0.058%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.54	+0.144%	$115K	$45K	30x	as long as short