MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.027%

Price spread now: KuCoin against Variational Omni−0.153%7-day average −0.088% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.094%+$9 on $10k

Price spread, last 7 days+0.094%+$9 · spread now −0.153%, 7d avg −0.088%

Together, before fees+0.188%+ Points / potential airdropVariational Omni: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.065% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.153% now, against its 7-day average of −0.088%). If the spread goes back, that is −$6 on $10k: about 2.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSFT	503.94	0	get 0.0000% / 8h	1h 25m	$1.3M	$499K	—
Short	KuCoin MSFTUSDTM	503.17	0.0100	get 0.0100% / 8h	1h 25m	$1.6M	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee KuCoinbpOrdersPrice spread, now −0.153%Rate

Funding earned: $21
Price spread: −0.153% → −0.088%: −$6.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $2.5
Costs to cover: 0.120%
Break-even: 6.2 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; KuCoin: live order book, 10 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 3 min ago	2.53 bp	doesn't fit	23.4 bp −$234	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	8.04 bp	117.3 bp −$117	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
edgeX MSFTUSDC	−0.0742%	4h	503.96	+0.003%	$103K	$242K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	−0.056%	$682K	$500K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.41	−0.105%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.55	−0.078%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.65	−0.058%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.38	−0.111%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.87	−0.014%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.54	−0.080%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.68	−0.052%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFTlong	0.0000%	8h	503.94	long leg	$1.3M	$499K	—

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	503.99	+0.010%	$18K	$327K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.56	+0.123%	$6K	$3.9M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.47	−0.094%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.79	−0.030%	$2.2M	$821K	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0008%	1h	503.40	−0.108%	$27K	$43K	10x	as long as short
BloFin MSFT-USDT	+0.0013%	8h	503.89	−0.010%	$191K	$207K	20x	as long as short
Nado MSFT-PERP	+0.0017%	1h	503.50	−0.088%	$414K	$67K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.42	−0.104%	$701K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.71	−0.046%	$1.2M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.60	−0.068%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.66	−0.056%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.24	−0.139%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.35	−0.117%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.52	−0.084%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.25	−0.137%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	503.63	−0.062%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.69	−0.050%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTMshort	+0.0100%	8h	503.17	−0.153%	$1.6M	$60K	20x
ApeX Omni MSFTUSDT	+0.0100%	1h	503.39	−0.109%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.59	−0.070%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.63	−0.062%	$55	—	10x	as long as short
Lighter MSFT	+0.0136%	1h	503.70	−0.048%	$1.2M	$514K	20x	as long as short
Hotstuff MSFT-PERP	+0.0144%	1h	503.41	−0.106%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.21	+0.053%	$115K	$45K	30x	as long as short