MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0112%/8h= +12.2% APRnext payment +$0.14 per $10,000 · paid last 24h +0.049%

Price spread now: Arcus against ApeX Omni+0.022%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on ApeX Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.046%+$5 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now +0.022%, 7d avg +0.046%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.024% cheaper against ApeX Omni than usual: you would sell low and buy high (spread +0.022% now, against its 7-day average of +0.046%). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.046% in total) that is about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSFTUSDT	501.87	0.0100	pay 0.0013% / 1h	48m 57s	$160K	$7K	50x
Short	Arcus MSFT-USD	501.98	0.0212	get 0.0026% / 1h	48m 57s	$97K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against ApeX Omni. 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 ApeX OmnibpFee ArcusbpOrdersPrice spread, now +0.022%Rate

Funding earned: $23.47
Price spread: +0.022% → +0.046%: −$2.41
Slippage, 4 orders: −$23.08
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$16.51
Costs to cover: 0.376%
Break-even: 11.9 days

Slippage from ApeX Omni: live order book, 22 min ago; Arcus: live order book, 24 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 ApeX Omni live order book, 22 min ago	5.09 bp	10.1 bp −$10	63.0 bp −$630	doesn't fit	doesn't fit
Sell Arcus live order book, 24 min ago	2.39 bp	8.7 bp −$9	9.2 bp −$92	20.3 bp −$2,033	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
Nado MSFT-PERP	−0.0012%	1h	502.01	+0.029%	$415K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0010%	8h	502.22	+0.070%	$188K	$207K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.57	−0.060%	$680K	$450K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.15	+0.056%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.04	+0.035%	$341K	$515K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.17	+0.060%	$15.7M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	502.18	+0.062%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.35	+0.096%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.91	+0.008%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.19	+0.064%	$3.8M	$2.2M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	502.14	+0.053%	$1.3M	$690K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.04	+0.033%	$19K	$296K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	503.01	+0.227%	$6K	$4.2M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.97	+0.020%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.09	+0.044%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.47	+0.120%	$2.2M	$753K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.07	+0.040%	$618K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	502.12	+0.050%	$1.1M	$5.9M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.11	+0.048%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.89	+0.004%	$22.3M	$9.1M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.88	+0.002%	$303K	$673K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.16	+0.058%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.60	−0.054%	$529K	$490K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	502.18	+0.062%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.96	+0.018%	$10K	$15K	20x	as long as short
Lighter MSFT	+0.0080%	1h	502.31	+0.088%	$1.1M	$486K	20x	as long as short
Hotstuff MSFT-PERP	+0.0080%	1h	501.98	+0.022%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.82	−0.010%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDTlong	+0.0100%	1h	501.87	long leg	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.04	+0.034%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.02	+0.031%	$55	—	10x	as long as short
Arcus MSFT-USDshort	+0.0212%	1h	501.98	+0.022%	$97K	$110K	10x
Injective MSFT/USDC PERP	+0.0220%	1h	502.20	+0.066%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0477%	4h	501.98	+0.023%	$102K	$243K	10x	as long as short