Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: HTX against ApeX Omni+0.060%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$380.382% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.060%, 7d avg +0.061%
=The price spread sits at its 7-day average of +0.061%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSFTUSDT | 503.16 | 0.0100 | pay 0.0013% / 1h | 7m 19s | $160K | $7K | 50x |
| Short | HTX MSFT-USDT | 503.46 | 0 | get 0.0000% / 8h | 7m 19s | $59K | $225K | 20x |
ApeX Omni MSFTUSDT
HTX MSFT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: +0.060% → +0.061%
- −$0.17
- Slippage, 4 orders
- −$16.16
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$59.33
- Costs to cover
- 0.382%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 29 min ago; HTX: live order book, 29 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, 29 min ago | 5.07 bp | 10.1 bp −$10 | 57.0 bp −$570 | doesn't fit | doesn't fit |
| Sell HTX live order book, 29 min ago | 2.68 bp | 8.7 bp −$9 | 13.4 bp −$134 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSFT-PERP | −0.0054% | 1h | 503.40 | +0.047% | $414K | $67K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.0004% | 1h | 503.12 | −0.008% | $22.4M | $8.8M | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.49 | +0.066% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.49 | +0.066% | $339K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.61 | +0.089% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.32 | +0.032% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.53 | +0.074% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.30 | +0.028% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.54 | +0.076% | $3.8M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.50 | +0.067% | $1.3M | $402K | — | as long as short |
Nado MSFT-PERP
tradeXYZ xyz:MSFT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.61 | +0.089% | $19K | $320K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.38 | +0.242% | $6K | $3.8M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.34 | +0.036% | $27K | $44K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 503.07 | −0.018% | $687K | $454K | 10x | as long as short |
| HTX MSFT-USDTshort | 0.0000% | 8h | 503.46 | +0.060% | $59K | $225K | 20x | |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.69 | +0.105% | $2.2M | $818K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0005% | 8h | 503.63 | +0.093% | $191K | $206K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.50 | +0.068% | $1.2M | $532K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.39 | +0.046% | $706K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0037% | 1h | 503.55 | +0.078% | $1.1M | $4.6M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.33 | +0.034% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.71 | +0.109% | — | $1K | 25x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.26 | +0.020% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.31 | +0.030% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.17 | +0.002% | $512K | $428K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 503.47 | +0.062% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.38 | +0.044% | $11K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0080% | 1h | 503.12 | −0.008% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.03 | −0.026% | $1.6M | $73K | 20x | as long as short |
| ApeX Omni MSFTUSDTlong | +0.0100% | 1h | 503.16 | long leg | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.51 | +0.070% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.52 | +0.072% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.80 | +0.127% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0771% | 4h | 503.52 | +0.071% | $102K | $242K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC