MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.021%

Price spread now: Extended against ApeX Omni+0.076%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on ApeX Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.195%−$20 on $10k

Price spread, last 3 days (all we have)−0.021%−$2 · spread now +0.076%, 7d avg +0.055%

Together, before fees−0.216%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.020% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of +0.055%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSFTUSDT	500.82	0.0100	pay 0.0013% / 1h	1m 40s	$159K	$7K	50x
Short	Extended MSFT_24_5-USD	501.20	0	get 0.0000% / 1h	1m 40s	$342K	$905K	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$21
Price spread: +0.076% → +0.055%: $2.01
Slippage, 4 orders: −$16.95
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$50.94
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 4 min ago; Extended: live order book, 6 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, 4 min ago	5.09 bp	10.1 bp −$10	61.3 bp −$613	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	0.70 bp	5.8 bp −$6	34.2 bp −$342	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
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	500.76	−0.012%	$684K	$449K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.45	+0.125%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USDshort	0.0000%	1h	501.20	+0.076%	$342K	$905K	17x
Binance MSFTUSDT	0.0000%	8h	501.32	+0.100%	$15.6M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.17	+0.070%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.22	+0.080%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.22	+0.080%	$3.1M	$1.7M	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	501.37	+0.110%	$1.3M	$690K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.46	+0.128%	$19K	$293K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	502.11	+0.258%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.04	+0.044%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.19	+0.074%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.55	+0.146%	$2.2M	$759K	10x	as long as short
Nado MSFT-PERP	+0.0009%	1h	501.10	+0.056%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	+0.0024%	8h	501.32	+0.100%	$188K	$205K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.17	+0.070%	$617K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	501.31	+0.098%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.24	+0.084%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.85	+0.006%	$22.1M	$9.2M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.93	+0.022%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.21	+0.078%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.98	+0.032%	$514K	$504K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.15	+0.066%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.09	+0.054%	$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 MSFTUSDTlong	+0.0100%	1h	500.82	long leg	$159K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.26	+0.088%	$8K	—	10x	as long as short
Lighter MSFT	+0.0104%	1h	501.36	+0.108%	$1.1M	$486K	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
Hotstuff MSFT-PERP	+0.0168%	1h	500.85	+0.006%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.16	+0.068%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.76	+0.188%	$115K	$45K	30x	as long as short