Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.080%
Price spread now: Arcus against Bitget−0.052%7-day average −0.039% · 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−$39as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 4 days (all we have)+0.138%+$14 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.052%, 7d avg −0.039%
=The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MSFTUSDT | 502.14 | 0 | get 0.0000% / 8h | 3h 27m | $4.4M | $2.5M | 100x |
| Short | Arcus MSFT-USD | 501.88 | 0.0040 | get 0.0005% / 1h | 27m 11s | $96K | $110K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $8.46
- Price spread: −0.052% → −0.039%
- −$1.32
- Slippage, 4 orders
- −$21.28
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$30.64
- Costs to cover
- 0.378%
- Break-even
- 32.4 days
Slippage from Bitget: live order book, 1 min ago; Arcus: live order book, 26 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 Bitget live order book, 1 min ago | 1.59 bp | 8.6 bp −$9 | 12.5 bp −$125 | 34.2 bp −$3,421 | doesn't fit |
| Sell Arcus live order book, 26 min ago | 4.09 bp | 10.9 bp −$11 | 12.5 bp −$125 | 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 | −0.0101% | 1h | 502.44 | +0.059% | $415K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 500.97 | −0.233% | $677K | $447K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.0007% | 1h | 502.00 | −0.028% | $22.2M | $8.8M | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.32 | +0.036% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.29 | +0.029% | $337K | $881K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.43 | +0.057% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.35 | +0.042% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.61 | +0.094% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 502.19 | +0.010% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDTlong | 0.0000% | 8h | 502.14 | long leg | $4.4M | $2.5M | 100x |
Show all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 502.04 | −0.020% | $1.3M | $607K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.17 | +0.007% | $19K | $297K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 503.19 | +0.209% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 502.13 | −0.002% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.30 | +0.032% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.69 | +0.110% | $2.2M | $777K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0016% | 8h | 502.43 | +0.058% | $189K | $204K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 502.48 | +0.068% | $1.1M | $503K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 502.25 | +0.022% | $679K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 502.30 | +0.032% | $1.1M | $4.9M | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0040% | 1h | 502.11 | −0.006% | $32K | $8K | 20x | as long as short |
| Arcus MSFT-USDshort | +0.0040% | 1h | 501.88 | −0.052% | $96K | $110K | 10x | |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 502.44 | +0.060% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.61 | −0.106% | $10K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 502.06 | −0.016% | $303K | $701K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.29 | +0.030% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 502.45 | +0.062% | $221 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 502.05 | −0.018% | $519K | $453K | 15x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.89 | −0.050% | $1.6M | $52K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.65 | −0.098% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 502.33 | +0.038% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 502.33 | +0.037% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.14 | 0.000% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0905% | 4h | 501.92 | −0.045% | $102K | $244K | 10x | as long as short |
Bitget MSFTUSDT
Coinbase International MSFT-PERP-INTX
tradeXYZ xyz:MSFT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Injective MSFT/USDC PERP
edgeX MSFTUSDC