Funding you earn now, next payment 10:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.080%
Price spread now: Arcus against Bitget−0.034%50s7-day average −0.038% · 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—prices read too far apart to compare
costs, in and out, $10k−$320.319% of the position
Funding, last 4 days (all we have)+0.140%+$14 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.034%, 7d avg −0.038%
=The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MSFTUSDT | 504.83 | 0 | get 0.0000% / 8h | 6h 57m | $3.9M | $2.8M | 100x |
| Short | Arcus MSFT-USD | 504.66 | 0.0052 | get 0.0007% / 1h | 57m 50s | $93K | $115K | 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
- $10.98
- Price spread: −0.034% → −0.038%
- $0.47
- Slippage, 4 orders
- −$15.44
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$20.49
- Costs to cover
- 0.319%
- Break-even
- 20.1 days
Slippage from Bitget: live order book, 5 min ago; Arcus: live order book, 35 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, 5 min ago | 1.49 bp | 8.2 bp −$8 | 10.7 bp −$107 | 34.9 bp −$3,487 | doesn't fit |
| Sell Arcus live order book, 35 min ago | 3.27 bp | 8.1 bp −$8 | 8.5 bp −$85 | 17.4 bp −$1,745 | 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 | −0.0297% | 4h | 504.73 | −0.019% | $103K | $244K | 10x | as long as short |
| Nado MSFT-PERP | −0.0044% | 1h | 504.52 | −0.062% | $415K | $67K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 504.35 | −0.095% | $693K | $454K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.76 | −0.014% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.78 | −0.010% | $326K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.93 | +0.020% | $16.3M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.60 | −0.046% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.89 | +0.012% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.57 | −0.052% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDTlong | 0.0000% | 8h | 504.83 | long leg | $3.9M | $2.8M | 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 | 504.71 | −0.023% | $1.3M | $394K | — | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.62 | +0.156% | $6K | $3.5M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 504.39 | −0.087% | $27K | $45K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.76 | −0.014% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 505.19 | +0.071% | $2.2M | $865K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 504.58 | −0.050% | $11K | $5K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0020% | 8h | 504.89 | +0.012% | $190K | $206K | 20x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 504.73 | −0.020% | $1.1M | $4.6M | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 504.68 | −0.030% | $1.2M | $471K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.67 | −0.032% | $712K | $1.7M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.68 | −0.030% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 504.38 | −0.089% | $22.4M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 504.46 | −0.073% | $304K | $650K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.58 | −0.050% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 504.34 | −0.097% | $537K | $386K | 15x | as long as short |
| Arcus MSFT-USDshort | +0.0052% | 1h | 504.66 | −0.034% | $93K | $115K | 10x | |
| Paradex MSFT-USD-PERP | +0.0061% | 8h | 504.65 | −0.036% | $222 | — | 5x | as long as short |
| Hotstuff MSFT-PERP | +0.0080% | 1h | 504.34 | −0.097% | $33K | $8K | 20x | as long as short |
| GRVT MSFT_USDT_Perp | +0.0097% | 8h | 504.76 | −0.014% | $19K | $312K | 10x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 504.21 | −0.123% | $1.6M | $144K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 504.29 | −0.107% | $161K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.80 | −0.006% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.68 | −0.030% | $56 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 505.86 | +0.204% | $116K | $45K | 30x | as long as short |
Bitget MSFTUSDT
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Variational Omni MSFT
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
GRVT MSFT_USDT_Perp
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Injective MSFT/USDC PERP