Funding you earn now, next payment 00:00 UTC+0.0100%/8hnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Gate−0.012%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1651.647% of the position
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 7 days−0.042%−$4 · spread now −0.012%, 7d avg −0.069%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.057% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSFT_USDT | 500.81 | 0 | get 0.0000% / 8h | 4h 04m | $3.1M | $1.5M | 100x |
| Short | KuCoin MSFTUSDTM | 500.75 | 0.0100 | get 0.0100% / 8h | 4h 04m | $1.5M | $11K | 20x |
Gate MSFT_USDT
KuCoin MSFTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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: −0.012% → −0.069%
- $5.68
- Slippage, 4 orders
- −$137.7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$138.01
- Costs to cover
- 1.647%
- Break-even
- 53.0 days
Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 6 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 Gate live order book, 3 min ago | 2.50 bp | 18.6 bp −$19 | 36.8 bp −$368 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 10.89 bp | 80.8 bp −$81 | doesn't fit | 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 | −0.0549% | 4h | 500.58 | −0.045% | $102K | $243K | 10x | as long as short |
| Nado MSFT-PERP | −0.0028% | 1h | 500.58 | −0.046% | $449K | $44K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0016% | 1h | 499.93 | −0.176% | $692K | $403K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 500.99 | +0.037% | $156K | $110K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.26 | +0.090% | $371K | $401K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.16 | +0.070% | $15.6M | $18.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.24 | +0.086% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.03 | +0.044% | $3.1M | $2.2M | 20x | as long as short |
| Gate MSFT_USDTlong | 0.0000% | 8h | 500.81 | long leg | $3.1M | $1.5M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 501.10 | +0.058% | $1.3M | $741K | — | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
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 | 501.24 | +0.086% | $18K | $340K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.16 | +0.270% | $6K | $4.4M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.26 | +0.090% | $58K | $231K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.49 | +0.136% | $2.2M | $730K | 10x | as long as short |
| Bitget MSFTUSDT | +0.0010% | 8h | 501.15 | +0.068% | $3.9M | $2.0M | 100x | as long as short |
| BloFin MSFT-USDT | +0.0027% | 8h | 501.32 | +0.102% | $192K | $206K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0029% | 1h | 501.17 | +0.072% | $27K | $115K | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 501.24 | +0.086% | $1.1M | $636K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.12 | +0.062% | $667K | $2.3M | 20x | as long as short |
| QFEX MSFT-USD | +0.0045% | 1h | 501.24 | +0.086% | $1.1M | $5.5M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.12 | +0.062% | — | — | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 500.82 | +0.002% | $22.2M | $9.7M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.81 | 0.000% | $315K | $654K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.33 | +0.104% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 501.13 | +0.064% | $220 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.94 | +0.026% | $514K | $475K | 15x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 500.53 | −0.056% | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0096% | 1h | 500.89 | +0.016% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTMshort | +0.0100% | 8h | 500.75 | −0.012% | $1.5M | $11K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.84 | +0.006% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.09 | +0.056% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.00 | +0.037% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 500.34 | −0.094% | $115K | $45K | 30x | as long as short |
| Arcus MSFT-USD | +0.0553% | 1h | 501.21 | +0.080% | $111K | $76K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Bitget MSFTUSDT
BloFin MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Ondo Perps MSFT-USD.P
Phoenix MSFT
Hotstuff MSFT-PERP
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
Arcus MSFT-USD