MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.077%

Price spread now: Arcus against Extended−0.038%7-day average −0.012% · 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−$34as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on Extended Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.140%+$14 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.038%, 7d avg −0.012%

Together, before fees+0.136%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.025% cheaper against Extended than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of −0.012%). If the spread goes back, that is −$3 on $10k: about 2.1 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.140% in total) that is about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSFT_24_5-USD	503.89	0	get 0.0000% / 1h	29m 44s	$338K	$1.2M	17x
Short	Arcus MSFT-USD	503.70	0.0040	get 0.0005% / 1h	29m 44s	$97K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Extended. 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 ExtendedbpFee ArcusbpOrdersPrice spread, now −0.038%Rate

Funding earned: $8.46
Price spread: −0.038% → −0.012%: −$2.54
Slippage, 4 orders: −$21.96
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$25.55
Costs to cover: 0.315%
Break-even: 28.1 days

Slippage from Extended: live order book, 4 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 Extended live order book, 4 min ago	0.60 bp	6.1 bp −$6	32.1 bp −$321	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	+0.010%	$103K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	−0.045%	$682K	$500K	10x	as long as short
BloFin MSFT-USDT	−0.0027%	8h	504.03	+0.028%	$191K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.69	−0.040%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USDlong	0.0000%	1h	503.89	long leg	$338K	$1.2M	17x
Binance MSFTUSDT	0.0000%	8h	504.01	+0.024%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.71	−0.036%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.97	+0.016%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.82	−0.014%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.97	+0.016%	$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	+0.010%	$1.3M	$499K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.03	+0.028%	$18K	$327K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.77	+0.175%	$6K	$3.9M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.90	+0.002%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.96	+0.014%	$2.2M	$821K	10x	as long as short
Nado MSFT-PERP	+0.0012%	1h	503.66	−0.045%	$415K	$67K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.74	−0.030%	$701K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.94	+0.010%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USDshort	+0.0040%	1h	503.70	−0.038%	$97K	$110K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	503.89	0.000%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.50	−0.077%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.63	−0.051%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.83	−0.012%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.54	−0.069%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	503.84	−0.009%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.69	−0.040%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.37	−0.103%	$1.6M	$60K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.48	−0.081%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.77	−0.024%	$8K	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0104%	1h	503.57	−0.063%	$32K	$8K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.83	−0.011%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0127%	1h	503.70	−0.038%	$27K	$43K	10x	as long as short
Lighter MSFT	+0.0136%	1h	503.96	+0.014%	$1.2M	$514K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.21	+0.064%	$115K	$45K	30x	as long as short