MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.068%

Price spread now: tradeXYZ against Arcus−0.012%7-day average −0.070% · 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−$33as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Arcus Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.104%−$10 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.012%, 7d avg −0.070%

Together, before fees−0.123%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and tradeXYZ is 0.058% dearer against Arcus than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.070%. Mind the row above: over the last 3 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSFT-USD	501.15	0.0040	pay 0.0005% / 1h	37m 21s	$97K	$109K	10x
Short	tradeXYZ xyz:MSFT	501.09	0.0050	get 0.0006% / 1h	37m 21s	$22.1M	$9.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.012%Rate

Funding earned: $2.04
Price spread: −0.012% → −0.070%: $5.83
Slippage, 4 orders: −$16.78
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$31.41
Costs to cover: 0.393%
Break-even: 114.7 days

Slippage from Arcus: live order book, 30 min ago; tradeXYZ: live order book, 11 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, 30 min ago	2.29 bp	8.3 bp −$8	12.7 bp −$127	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.40 bp	9.6 bp −$10	doesn't fit	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	−0.0029%	4h	501.29	+0.028%	$102K	$242K	10x	as long as short
BloFin MSFT-USDT	−0.0028%	8h	501.33	+0.036%	$189K	$204K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	500.87	−0.056%	$684K	$451K	10x	as long as short
Nado MSFT-PERP	−0.0013%	1h	501.22	+0.014%	$414K	$64K	20x	as long as short
Hotstuff MSFT-PERP	−0.0008%	1h	500.94	−0.042%	$32K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.55	+0.080%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.37	+0.044%	$342K	$894K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.47	+0.064%	$15.6M	$18.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.25	+0.020%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.53	+0.076%	$3.0M	$2.3M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MSFT_USDT	0.0000%	8h	501.18	+0.006%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.40	+0.050%	$4.3M	$2.4M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.10	−0.011%	$1.3M	$677K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.39	+0.048%	$19K	$295K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.24	+0.217%	$5K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.15	0.000%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.32	+0.034%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.53	+0.076%	$2.2M	$762K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.30	+0.030%	$618K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	501.30	+0.030%	$1.2M	$5.8M	10x	as long as short
Arcus MSFT-USDlong	+0.0040%	1h	501.15	long leg	$97K	$109K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	501.25	+0.020%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFTshort	+0.0050%	1h	501.09	−0.012%	$22.1M	$9.2M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	501.10	−0.010%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.30	+0.030%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.84	−0.062%	$513K	$514K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.34	+0.037%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.15	0.000%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.11	−0.008%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.86	−0.058%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.31	+0.032%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.32	+0.033%	$55	—	10x	as long as short
Lighter MSFT	+0.0136%	1h	501.58	+0.086%	$1.1M	$489K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.56	+0.082%	$115K	$45K	30x	as long as short