MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.078%

Price spread now: Extended against Arcus+0.035%7-day average +0.012% · 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−$28as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Arcus Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.140%−$14 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.035%, 7d avg +0.012%

Together, before fees−0.140%+ Points / potential airdropExtended: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.023% dearer against Arcus than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of +0.012%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 4 days (−0.140% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSFT-USD	503.47	0.0040	pay 0.0005% / 1h	37m 40s	$97K	$110K	10x
Short	Extended MSFT_24_5-USD	503.65	0	get 0.0000% / 1h	37m 40s	$338K	$1.9M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$8.46
Price spread: +0.035% → +0.012%: $2.29
Slippage, 4 orders: −$20.74
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$36.4
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from Arcus: live order book, just now; 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 Arcus live order book, just now	3.87 bp	8.4 bp −$8	13.0 bp −$130	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	0.20 bp	5.3 bp −$5	33.2 bp −$332	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	−0.0027%	1h	503.37	−0.019%	$414K	$67K	20x	as long as short
BloFin MSFT-USDT	−0.0004%	8h	503.82	+0.070%	$190K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.70	+0.045%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USDshort	0.0000%	1h	503.65	+0.035%	$338K	$1.9M	17x
Binance MSFTUSDT	0.0000%	8h	503.78	+0.062%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.48	+0.002%	$7.3M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.80	+0.066%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.21	−0.052%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.64	+0.034%	$3.8M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.60	+0.025%	$1.3M	$414K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	503.63	+0.031%	$19K	$323K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.61	+0.226%	$6K	$3.8M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	502.97	−0.099%	$682K	$454K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.66	+0.038%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.86	+0.077%	$2.2M	$820K	10x	as long as short
Lighter MSFT	+0.0032%	1h	503.64	+0.034%	$1.2M	$532K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.52	+0.010%	$707K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.63	+0.032%	$1.2M	$4.6M	10x	as long as short
Hotstuff MSFT-PERP	+0.0040%	1h	503.27	−0.040%	$32K	$8K	20x	as long as short
Arcus MSFT-USDlong	+0.0040%	1h	503.47	long leg	$97K	$110K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	503.73	+0.052%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.27	−0.040%	$22.4M	$8.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.38	−0.018%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.57	+0.020%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.20	−0.054%	$512K	$428K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	503.59	+0.024%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.41	−0.012%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.10	−0.073%	$1.6M	$63K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.18	−0.058%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.64	+0.034%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.68	+0.042%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.82	+0.268%	$116K	$45K	30x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0227%	1h	503.61	+0.028%	$27K	$44K	10x	as long as short
edgeX MSFTUSDC	+0.0729%	4h	503.60	+0.025%	$102K	$243K	10x	as long as short