Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.022%
Price spread now: ApeX Omni against Deribit+0.038%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.038% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MSFT_USDC-PERPETUAL | 501.30 | 0 | get 0.0000% / 1h | 26m 50s | $27K | $41K | 10x |
| Short | ApeX Omni MSFTUSDT | 501.49 | 0.0100 | get 0.0013% / 1h | 26m 50s | $160K | $7K | 50x |
Deribit MSFT_USDC-PERPETUAL
ApeX Omni MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Deribit. 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
- $21
- Price spread: +0.038% → 0.000%
- $3.79
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $7.79
- Costs to cover
- 0.170%
- Break-even
- 4.4 days
Slippage unknown: Deribit: no order-book sample; ApeX Omni: live order book, 34 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 34 min ago | 5.09 bp | 10.1 bp −$10 | 56.3 bp −$563 | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 501.24 | −0.012% | $679K | $456K | 10x | as long as short |
| Nado MSFT-PERP | −0.0030% | 1h | 501.37 | +0.013% | $414K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0021% | 8h | 501.70 | +0.080% | $189K | $204K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.66 | +0.073% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.51 | +0.042% | $337K | $892K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.54 | +0.048% | $15.7M | $18.9M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.45 | +0.030% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.78 | +0.096% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.50 | +0.040% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.62 | +0.064% | $4.5M | $2.5M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 501.82 | +0.103% | $1.3M | $650K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.69 | +0.078% | $19K | $296K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.39 | +0.217% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUALlong | 0.0000% | 1h | 501.30 | long leg | $27K | $41K | 10x | |
| HTX MSFT-USDT | 0.0000% | 8h | 501.45 | +0.030% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.65 | +0.070% | $2.2M | $767K | 10x | as long as short |
| QFEX MSFT-USD | +0.0030% | 1h | 501.48 | +0.036% | $1.1M | $5.6M | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.41 | +0.022% | $685K | $2.0M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.49 | +0.038% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.52 | +0.044% | — | $1K | 25x | as long as short |
| Hotstuff MSFT-PERP | +0.0048% | 1h | 501.23 | −0.014% | $32K | $8K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.21 | −0.018% | $22.1M | $9.1M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.28 | −0.004% | $302K | $648K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.50 | +0.040% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.39 | +0.018% | $525K | $487K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0061% | 8h | 501.51 | +0.043% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 501.44 | +0.028% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.45 | +0.030% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDTshort | +0.0100% | 1h | 501.49 | +0.038% | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.56 | +0.052% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.49 | +0.038% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0184% | 1h | 501.76 | +0.092% | $1.1M | $459K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.24 | +0.387% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0660% | 4h | 501.74 | +0.088% | $102K | $244K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
QFEX MSFT-USD
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
Hotstuff MSFT-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
edgeX MSFTUSDC