MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0088%/8h= +9.7% APRnext payment +$0.11 per $10,000 · paid last 24h +0.089%

Price spread now: Arcus against Coinbase International+0.010%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.137%+$14 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.010%, 7d avg +0.082%

Together, before fees+0.166%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.072% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.082%). If the spread goes back, that is −$7 on $10k: about 2.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSFT-PERP-INTX	503.66	−0.0048	get 0.0006% / 1h	30m 17s	$682K	$500K	10x
Short	Arcus MSFT-USD	503.71	0.0040	get 0.0005% / 1h	30m 17s	$97K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now +0.010%Rate

Funding earned: $18.54
Price spread: +0.010% → +0.082%: −$7.23
Slippage, 4 orders: −$21.3
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$24.49
Costs to cover: 0.358%
Break-even: 16.2 days

Slippage from Coinbase International: live order book, 13 min ago; Arcus: live order book, 13 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 Coinbase International live order book, 13 min ago	2.48 bp	7.8 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit
Sell Arcus live order book, 13 min ago	3.38 bp	11.0 bp −$11	13.7 bp −$137	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	−0.0721%	4h	503.94	+0.055%	$103K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTXlong	−0.0048%	1h	503.66	long leg	$682K	$500K	10x
BloFin MSFT-USDT	−0.0027%	8h	504.03	+0.073%	$191K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.66	+0.001%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.87	+0.041%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.96	+0.059%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.69	+0.006%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.97	+0.062%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.81	+0.030%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.97	+0.062%	$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	503.94	+0.056%	$1.3M	$499K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.03	+0.074%	$18K	$327K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.77	+0.220%	$6K	$3.9M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.90	+0.048%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.96	+0.060%	$2.2M	$821K	10x	as long as short
Nado MSFT-PERP	+0.0012%	1h	503.66	0.000%	$415K	$67K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.71	+0.010%	$701K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.94	+0.056%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USDshort	+0.0040%	1h	503.71	+0.010%	$97K	$110K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	503.89	+0.046%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.48	−0.036%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.63	−0.006%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.83	+0.034%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.54	−0.024%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	503.82	+0.031%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.69	+0.006%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.40	−0.052%	$1.6M	$60K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.48	−0.036%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.77	+0.022%	$8K	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0104%	1h	503.57	−0.018%	$32K	$8K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.83	+0.034%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0127%	1h	503.70	+0.008%	$27K	$43K	10x	as long as short
Lighter MSFT	+0.0136%	1h	503.95	+0.058%	$1.2M	$514K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.21	+0.109%	$115K	$45K	30x	as long as short