Funding you earn now, next payment 04:00 UTC+0.0513%/8h= +56.2% APRpaid last 24h −0.002%
Price spread now: edgeX against Extended+0.032%73s7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
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 7 days+0.079%+$8 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.032%, 7d avg +0.016%
=Together, before fees+0.053%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.079% in total (about 4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MSFT_24_5-USD | 501.20 | 0 | get 0.0000% / 1h | 40m 08s | $341K | $893K | 17x |
| Short | edgeX MSFTUSDC | 501.36 | 0.0513 | get 0.0256% / 4h | 40m 08s | $102K | $242K | 10x |
Extended MSFT_24_5-USD
edgeX MSFTUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Extended. 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
- $107.73
- Price spread: +0.032% → +0.016%
- $1.63
- Slippage, 4 orders
- −$17.94
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $77.42
- Costs to cover
- 0.319%
- Break-even
- 2.0 days
Slippage from Extended: live order book, 18 min ago; edgeX: live order book, 17 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, 18 min ago | 0.60 bp | 5.7 bp −$6 | 39.7 bp −$397 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 17 min ago | 5.59 bp | 10.2 bp −$10 | 12.4 bp −$124 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0040% | 1h | 500.97 | −0.046% | $678K | $456K | 10x | as long as short |
| Nado MSFT-PERP | −0.0029% | 1h | 501.13 | −0.015% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.10 | −0.020% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USDlong | 0.0000% | 1h | 501.20 | long leg | $341K | $893K | 17x | |
| Binance MSFTUSDT | 0.0000% | 8h | 501.35 | +0.030% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.07 | −0.027% | $7.2M | $2.1M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.55 | +0.069% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.25 | +0.009% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.38 | +0.035% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.35 | +0.030% | $1.3M | $613K | — | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.33 | +0.025% | $19K | $302K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.15 | +0.189% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.00 | −0.041% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.23 | +0.005% | $58K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.54 | +0.067% | $2.2M | $779K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0001% | 8h | 501.44 | +0.047% | $189K | $204K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.11 | −0.019% | $674K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 501.24 | +0.007% | $1.1M | $5.6M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.11 | −0.019% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.07 | −0.027% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.04 | −0.033% | $10K | $15K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 500.85 | −0.070% | $22.1M | $8.8M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.98 | −0.044% | $295K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.25 | +0.009% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.84 | −0.072% | $527K | $456K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 501.26 | +0.012% | $221 | — | 5x | as long as short |
| Hotstuff MSFT-PERP | +0.0096% | 1h | 500.86 | −0.068% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.85 | −0.070% | $1.5M | $20K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.93 | −0.054% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.23 | +0.005% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.26 | +0.010% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0112% | 1h | 501.38 | +0.035% | $1.1M | $489K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.34 | +0.027% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDCshort | +0.0513% | 4h | 501.36 | +0.032% | $102K | $242K | 10x |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP