Settings8H · net · $10k
Funding arb · Price arb /

MSFT

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Alert: funding
Alert: spread
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 − costsunder 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
What this pair did over the last
the charts below follow
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%
Together, before fees−0.086%−$9 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus MSFT-USD501.820.0212pay 0.0026% / 1h55m 28s$97K$109K10x
ShortBitget MSFTUSDT501.980get 0.0000% / 8h7h 55m$3.8M$2.2M100x

Funding 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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 17 min ago2.39 bp8.7 bp −$99.5 bp −$9519.5 bp −$1,945doesn't fit
Sell Bitget live order book, 2 min ago1.49 bp9.7 bp −$1014.3 bp −$14345.0 bp −$4,500doesn't fit

MSFT on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MSFTUSDC−0.0981%4h501.84+0.004%$102K$242K10xas long as short
Hotstuff MSFT-PERP−0.0008%1h501.61−0.042%$32K$8K20xas long as short
Coinbase International MSFT-PERP-INTX−0.0008%1h501.57−0.050%$680K$460K10xas long as short
BloFin MSFT-USDT−0.0002%8h501.85+0.006%$188K$207K20xas long as short
Aster MSFTUSDT0.0000%8h501.92+0.020%$161K$116K20xas long as short
Extended MSFT_24_5-USD0.0000%1h501.89+0.014%$337K$378K17xas long as short
Binance MSFTUSDT0.0000%8h501.96+0.028%$15.7M$18.8M20xas long as short
OKX MSFT-USDT-SWAP0.0000%8h501.97+0.030%$3.0M$2.3M20xas long as short
Gate MSFT_USDT0.0000%8h501.77−0.010%$3.1M$1.6M100xas long as short
Bitget MSFTUSDTshort0.0000%8h501.98+0.032%$3.8M$2.2M100x
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MSFT0.0000%8h501.97+0.029%$1.3M$690Kas long as short
GRVT MSFT_USDT_Perp0.0000%8h501.73−0.018%$19K$296K10xas long as short
SunX MSFT-USDT0.0000%8h502.62+0.159%$6K$4.2M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h501.93+0.022%$27K$59K10xas long as short
HTX MSFT-USDT0.0000%8h501.91+0.018%$58K$228K20xas long as short
Phemex MSFTUSDT0.0000%8h502.12+0.060%$2.2M$751K10xas long as short
Nado MSFT-PERP+0.0014%1h501.67−0.030%$414K$64K20xas long as short
Lighter RH MSFT+0.0032%1h501.820.000%$618K$2.0M20xas long as short
QFEX MSFT-USD+0.0044%1h501.95+0.026%$1.2M$5.9M10xas long as short
Vest MSFT-USD-PERP+0.0046%1h501.92+0.020%$1K25xas long as short
Lighter MSFT+0.0048%1h502.05+0.046%$1.1M$486K20xas long as short
tradeXYZ xyz:MSFT+0.0050%1h501.61−0.042%$22.3M$9.4M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h501.58−0.048%$303K$673K10xas long as short
SoDEX MSFT-USD+0.0050%1h501.93+0.022%$60K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h501.66−0.032%$529K$492K15xas long as short
Paradex MSFT-USD-PERP+0.0052%8h501.84+0.004%$2215xas long as short
Phoenix MSFT+0.0080%1h501.72−0.020%$10K$15K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h501.57−0.050%$1.5M$19K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h501.31−0.102%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h501.92+0.020%$8K10xas long as short
Aevo MSFT-PERP+0.0104%1h501.76−0.012%$5510xas long as short
Bybit MSFTUSDT+0.0201%8h502.09+0.054%$7.4M$1.7M100xas long as short
Arcus MSFT-USDlong+0.0212%1h501.82long leg$97K$109K10x
Injective MSFT/USDC PERP+0.0220%1h502.20+0.076%$115K$45K30xas long as short