MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.019%

Price spread now: KuCoin against Binance−0.157%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2192.187% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 7 days+0.069%+$7 · spread now −0.157%, 7d avg −0.100%

Together, before fees+0.227%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.056% cheaper against Binance than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of −0.100%). If the spread goes back, that is −$6 on $10k: about 45 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSFTUSDT	504.36	0	get 0.0000% / 8h	2h 24m	$15.8M	$19.4M	20x
Short	KuCoin MSFTUSDTM	503.57	0.0100	get 0.0100% / 8h	2h 24m	$1.6M	$57K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.157%Rate

Funding earned: $21
Price spread: −0.157% → −0.100%: −$5.64
Slippage, 4 orders: −$196.74
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$203.38
Costs to cover: 2.187%
Break-even: 74.8 days

Slippage from Binance: live order book, 1 min ago; KuCoin: 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 Binance live order book, 1 min ago	0.10 bp	8.1 bp −$8	15.4 bp −$154	48.3 bp −$4,829	doesn't fit
Sell KuCoin live order book, 6 min ago	13.22 bp	136.8 bp −$137	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
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	503.98	−0.075%	$687K	$485K	10x	as long as short
Nado MSFT-PERP	−0.0034%	1h	504.11	−0.049%	$415K	$68K	20x	as long as short
BloFin MSFT-USDT	−0.0009%	8h	504.26	−0.020%	$189K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.14	−0.044%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.16	−0.040%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDTlong	0.0000%	8h	504.36	long leg	$15.8M	$19.4M	20x
Bybit MSFTUSDT	0.0000%	8h	504.14	−0.044%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.33	−0.006%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.99	−0.073%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.26	−0.020%	$3.8M	$3.0M	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	504.15	−0.042%	$1.3M	$477K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.79	−0.113%	$19K	$317K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	505.12	+0.151%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	504.04	−0.063%	$27K	$43K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.22	−0.028%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.48	+0.024%	$2.2M	$801K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	503.79	−0.113%	$11K	$15K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.09	−0.054%	$687K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	504.25	−0.022%	$1.2M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.88	−0.095%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.30	−0.012%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.91	−0.089%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.88	−0.095%	$303K	$720K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.17	−0.038%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	504.01	−0.069%	$518K	$472K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	504.23	−0.025%	$222	—	5x	as long as short
Lighter MSFT	+0.0088%	1h	504.33	−0.006%	$1.2M	$516K	20x	as long as short
KuCoin MSFTUSDTMshort	+0.0100%	8h	503.57	−0.157%	$1.6M	$57K	20x
ApeX Omni MSFTUSDT	+0.0100%	1h	503.91	−0.089%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.08	−0.056%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.12	−0.048%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0192%	1h	503.67	−0.137%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.04	−0.063%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0832%	4h	504.10	−0.052%	$103K	$242K	10x	as long as short