Funding you earn now, next payment 12:00 UTC−0.0101%/8h= −11.0% APRpaid last 24h +0.066%
Price spread now: Bitget against edgeX+0.090%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$390.388% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.090%, 7d avg +0.010%
=Together, before fees−0.072%+ Points / potential airdropedgeX: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.079% dearer against edgeX than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.010%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.019% in total) that is about 29 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSFTUSDC | 503.12 | 0.0101 | pay 0.0050% / 4h | 1h 54m | $102K | $242K | 10x |
| Short | Bitget MSFTUSDT | 503.57 | 0 | get 0.0000% / 8h | 5h 54m | $3.9M | $3.0M | 100x |
edgeX MSFTUSDC
Bitget MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against edgeX. 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
- −$21.16
- Price spread: +0.090% → +0.010%
- $7.94
- Slippage, 4 orders
- −$17.77
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$52
- Costs to cover
- 0.388%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 55 min ago; Bitget: live order book, 1 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 edgeX live order book, 55 min ago | 5.15 bp | 9.8 bp −$10 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 1.79 bp | 9.7 bp −$10 | 13.4 bp −$134 | 54.3 bp −$5,425 | doesn't fit |
MSFT on 34 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.1600% | 1h | 503.33 | +0.042% | $32K | $8K | 20x | as long as short |
| Nado MSFT-PERP | −0.0009% | 1h | 503.39 | +0.054% | $411K | $72K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.19 | +0.213% | $166K | $118K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.49 | +0.074% | $326K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.65 | +0.105% | $16.3M | $20.9M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.41 | +0.058% | $7.3M | $2.3M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.44 | +0.064% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDTshort | 0.0000% | 8h | 503.57 | +0.090% | $3.9M | $3.0M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 503.47 | +0.069% | $1.3M | $396K | — | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.48 | +0.271% | $6K | $3.5M | 20x | as long as short |
Hotstuff MSFT-PERP
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDT
Variational Omni MSFT
SunX MSFT-USDTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.33 | +0.042% | $30K | $47K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 502.80 | −0.063% | $702K | $523K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.43 | +0.062% | $48K | $246K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.79 | +0.133% | $2.3M | $908K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0012% | 8h | 503.56 | +0.088% | $202K | $212K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.46 | +0.068% | $1.2M | $480K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.43 | +0.062% | $692K | $1.8M | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0040% | 1h | 503.06 | −0.012% | $22.5M | $9.2M | 20x | as long as short |
| GRVT MSFT_USDT_Perp | +0.0044% | 8h | 503.34 | +0.043% | $19K | $317K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.53 | +0.082% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 502.47 | −0.129% | $11K | $5K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.22 | +0.020% | $318K | $677K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.42 | +0.060% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.08 | −0.008% | $532K | $382K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 503.44 | +0.065% | $222 | — | 5x | as long as short |
| QFEX MSFT-USD | +0.0058% | 1h | 503.65 | +0.106% | $1.2M | $4.7M | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.0064% | 8h | 503.85 | +0.145% | $3.2M | $2.7M | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.17 | +0.010% | $1.6M | $215K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.07 | −0.010% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.42 | +0.060% | $8K | — | 10x | as long as short |
| edgeX MSFTUSDClong | +0.0101% | 4h | 503.12 | long leg | $102K | $242K | 10x | |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.52 | +0.080% | $55 | — | 10x | as long as short |
| Arcus MSFT-USD | +0.0190% | 1h | 503.39 | +0.054% | $93K | $83K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.07 | +0.189% | $115K | $45K | 30x | as long as short |
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
tradeXYZ xyz:MSFT
GRVT MSFT_USDT_Perp
Vest MSFT-USD-PERP
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
QFEX MSFT-USD
OKX MSFT-USDT-SWAP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Arcus MSFT-USD
Injective MSFT/USDC PERP