MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.5% APRnext payment +$0.07 per $10,000 · paid last 24h −0.051%

Price spread now: ApeX Omni against Arcus−0.038%113s7-day average −0.046% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.398% of the position

Long on Arcus Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.038%, 7d avg −0.046%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSFT-USD	501.18	0.0040	pay 0.0005% / 1h	13m 41s	$96K	$111K	10x
Short	ApeX Omni MSFTUSDT	500.99	0.0100	get 0.0013% / 1h	13m 41s	$159K	$7K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Arcus. 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 ArcusbpFee ApeX OmnibpOrdersPrice spread, now −0.038%Rate

Funding earned: $12.54
Price spread: −0.038% → −0.046%: $0.79
Slippage, 4 orders: −$25.26
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$26.42
Costs to cover: 0.398%
Break-even: 21.7 days

Slippage from Arcus: live order book, 44 min ago; ApeX Omni: live order book, 42 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 Arcus live order book, 44 min ago	3.29 bp	8.6 bp −$9	13.1 bp −$131	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 42 min ago	5.09 bp	10.1 bp −$10	59.7 bp −$597	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	−0.0330%	4h	501.40	+0.044%	$102K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	500.97	−0.042%	$677K	$456K	10x	as long as short
Nado MSFT-PERP	−0.0011%	1h	501.30	+0.024%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0004%	8h	501.52	+0.068%	$189K	$204K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.24	+0.012%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.22	+0.007%	$337K	$890K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.35	+0.034%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.08	−0.020%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.57	+0.078%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.21	+0.006%	$3.1M	$1.7M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.39	+0.042%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.46	+0.056%	$1.3M	$615K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.52	+0.067%	$19K	$302K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.21	+0.206%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.03	−0.030%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.32	+0.028%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.41	+0.046%	$2.2M	$770K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.13	−0.010%	$675K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	501.25	+0.014%	$1.2M	$5.2M	10x	as long as short
Arcus MSFT-USDlong	+0.0040%	1h	501.18	long leg	$96K	$111K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	501.41	+0.046%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.24	+0.012%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.89	−0.058%	$22.0M	$8.7M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.04	−0.028%	$302K	$722K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.21	+0.006%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.90	−0.056%	$528K	$444K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0057%	8h	501.22	+0.008%	$221	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.05	−0.026%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDTshort	+0.0100%	1h	500.99	−0.038%	$159K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.34	+0.032%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.31	+0.025%	$55	—	10x	as long as short
Lighter MSFT	+0.0112%	1h	501.37	+0.038%	$1.1M	$499K	20x	as long as short
Hotstuff MSFT-PERP	+0.0176%	1h	500.99	−0.038%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.76	+0.116%	$115K	$45K	30x	as long as short