Funding you earn now, next payment 01:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.075%
Price spread now: Bitget against Arcus+0.032%7-day average +0.038% · 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−$39as in the Price arb table
costs, in and out, $10k−$380.383% of the position
Funding, last 3 days (all we have)−0.130%−$13 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.032%, 7d avg +0.038%
=The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MSFT-USD | 501.82 | 0.0212 | pay 0.0026% / 1h | 55m 28s | $97K | $109K | 10x |
| Short | Bitget MSFTUSDT | 501.98 | 0 | get 0.0000% / 8h | 7h 55m | $3.8M | $2.2M | 100x |
Arcus MSFT-USD
Bitget MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Arcus. 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
- −$44.47
- Price spread: +0.032% → +0.038%
- −$0.61
- Slippage, 4 orders
- −$21.78
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$83.36
- Costs to cover
- 0.383%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 17 min ago; Bitget: live order book, 2 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, 17 min ago | 2.39 bp | 8.7 bp −$9 | 9.5 bp −$95 | 19.5 bp −$1,945 | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.49 bp | 9.7 bp −$10 | 14.3 bp −$143 | 45.0 bp −$4,500 | 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 | −0.0981% | 4h | 501.84 | +0.004% | $102K | $242K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.0008% | 1h | 501.61 | −0.042% | $32K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 501.57 | −0.050% | $680K | $460K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0002% | 8h | 501.85 | +0.006% | $188K | $207K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.92 | +0.020% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.89 | +0.014% | $337K | $378K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.96 | +0.028% | $15.7M | $18.8M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.97 | +0.030% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.77 | −0.010% | $3.1M | $1.6M | 100x | as long as short |
| Bitget MSFTUSDTshort | 0.0000% | 8h | 501.98 | +0.032% | $3.8M | $2.2M | 100x |
edgeX MSFTUSDC
Hotstuff MSFT-PERP
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 501.97 | +0.029% | $1.3M | $690K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.73 | −0.018% | $19K | $296K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.62 | +0.159% | $6K | $4.2M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.93 | +0.022% | $27K | $59K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.91 | +0.018% | $58K | $228K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.12 | +0.060% | $2.2M | $751K | 10x | as long as short |
| Nado MSFT-PERP | +0.0014% | 1h | 501.67 | −0.030% | $414K | $64K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.82 | 0.000% | $618K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0044% | 1h | 501.95 | +0.026% | $1.2M | $5.9M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.92 | +0.020% | — | $1K | 25x | as long as short |
| Lighter MSFT | +0.0048% | 1h | 502.05 | +0.046% | $1.1M | $486K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.61 | −0.042% | $22.3M | $9.4M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.58 | −0.048% | $303K | $673K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.93 | +0.022% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.66 | −0.032% | $529K | $492K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 501.84 | +0.004% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.72 | −0.020% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.57 | −0.050% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.31 | −0.102% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.92 | +0.020% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.76 | −0.012% | $55 | — | 10x | as long as short |
| Bybit MSFTUSDT | +0.0201% | 8h | 502.09 | +0.054% | $7.4M | $1.7M | 100x | as long as short |
| Arcus MSFT-USDlong | +0.0212% | 1h | 501.82 | long leg | $97K | $109K | 10x | |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.20 | +0.076% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Nado MSFT-PERP
Lighter RH MSFT
QFEX MSFT-USD
Vest MSFT-USD-PERP
Lighter MSFT
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Bybit MSFTUSDT
Injective MSFT/USDC PERP