MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h −0.015%

Price spread now: Injective against Arcus−0.076%7-day average −0.014% · 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−$46as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Arcus Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.076%, 7d avg −0.014%

Together, before fees+0.182%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.061% cheaper against Arcus than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.014%). If the spread goes back, that is −$6 on $10k: about 27 hours of funding at the current rate (+$5 a day). At the pace of the last 4 days (+0.083% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSFT-USD	502.52	0.0040	pay 0.0005% / 1h	22m 02s	$96K	$110K	10x
Short	Injective MSFT/USDC PERP	502.14	0.0220	get 0.0028% / 1h	22m 02s	$115K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.076%Rate

Funding earned: $37.74
Price spread: −0.076% → −0.014%: −$6.12
Slippage, 4 orders: −$35.65
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$8.54
Costs to cover: 0.402%
Break-even: 8.6 days

Slippage from Arcus: live order book, 31 min ago; Injective: live order book, 32 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, 31 min ago	4.09 bp	9.3 bp −$9	13.9 bp −$139	doesn't fit	doesn't fit
Sell Injective live order book, 32 min ago	9.98 bp	10.0 bp −$10	10.0 bp −$100	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	−0.0103%	1h	503.03	+0.101%	$415K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	502.46	−0.012%	$680K	$448K	10x	as long as short
tradeXYZ xyz:MSFT	−0.0010%	1h	502.68	+0.032%	$22.2M	$8.8M	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.00	+0.096%	$162K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.98	+0.092%	$339K	$884K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.08	+0.111%	$15.8M	$19.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	502.90	+0.076%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.13	+0.121%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.93	+0.082%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.00	+0.096%	$4.4M	$2.6M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	502.37	−0.029%	$1.3M	$607K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.63	+0.022%	$19K	$299K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	503.91	+0.277%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	502.90	+0.076%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.98	+0.092%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.05	+0.105%	$2.2M	$783K	10x	as long as short
BloFin MSFT-USDT	+0.0020%	8h	503.13	+0.121%	$189K	$204K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.20	+0.135%	$1.1M	$503K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.94	+0.084%	$681K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	502.95	+0.086%	$1.1M	$4.9M	10x	as long as short
Arcus MSFT-USDlong	+0.0040%	1h	502.52	long leg	$96K	$110K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	503.13	+0.121%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	502.52	0.000%	$11K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	502.76	+0.048%	$304K	$705K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.96	+0.088%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	503.06	+0.107%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	502.53	+0.002%	$511K	$461K	15x	as long as short
Hotstuff MSFT-PERP	+0.0080%	1h	502.74	+0.044%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.63	+0.022%	$1.6M	$55K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	502.18	−0.068%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.12	+0.119%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.05	+0.106%	$55	—	10x	as long as short
Injective MSFT/USDC PERPshort	+0.0220%	1h	502.14	−0.076%	$115K	$45K	30x
edgeX MSFTUSDC	+0.0614%	4h	502.32	−0.040%	$102K	$242K	10x	as long as short