Funding you earn now, next payment 23:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.099%
Price spread now: ApeX Omni against Hotstuff−0.018%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff MSFT-PERP | 501.60 | −0.0056 | get 0.0007% / 1h | 45m 17s | $32K | $8K | 20x |
| Short | ApeX Omni MSFTUSDT | 501.51 | 0.0100 | get 0.0013% / 1h | 45m 17s | $160K | $7K | 50x |
Hotstuff MSFT-PERP
ApeX Omni MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hotstuff. 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
- $32.76
- Price spread: −0.018% → 0.000%
- −$1.79
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $15.97
- Costs to cover
- 0.150%
- Break-even
- 3.6 days
Slippage unknown: Hotstuff: no order-book sample; ApeX Omni: live order book, 36 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 36 min ago | 18.97 bp | 31.8 bp −$32 | 95.1 bp −$951 | doesn't fit | doesn't fit |
Hotstuff: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERPlong | −0.0056% | 1h | 501.60 | long leg | $32K | $8K | 20x | |
| Aster MSFTUSDT | 0.0000% | 8h | 502.01 | +0.082% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.04 | +0.089% | $372K | $369K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.15 | +0.110% | $15.7M | $19.3M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.14 | +0.108% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.82 | +0.044% | $3.1M | $1.5M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 502.16 | +0.112% | $3.8M | $2.2M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 502.02 | +0.083% | $1.3M | $710K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.11 | +0.101% | $19K | $321K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.95 | +0.269% | $6K | $4.4M | 20x | as long as short |
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 501.58 | −0.004% | $688K | $449K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.04 | +0.088% | $59K | $229K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.33 | +0.146% | $2.2M | $768K | 10x | as long as short |
| Bybit MSFTUSDT | +0.0007% | 8h | 502.12 | +0.104% | $7.4M | $1.7M | 100x | as long as short |
| Nado MSFT-PERP | +0.0016% | 1h | 501.59 | −0.002% | $414K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0025% | 8h | 502.13 | +0.106% | $188K | $210K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.83 | +0.046% | $653K | $2.1M | 20x | as long as short |
| QFEX MSFT-USD | +0.0040% | 1h | 502.04 | +0.088% | $1.2M | $5.8M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.91 | +0.062% | — | — | 25x | as long as short |
| edgeX MSFTUSDC | +0.0050% | 4h | 502.06 | +0.092% | $102K | $244K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.65 | +0.010% | $22.3M | $10.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.63 | +0.006% | $305K | $684K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.06 | +0.092% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.64 | +0.008% | $529K | $494K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 501.90 | +0.060% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.76 | +0.032% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.58 | −0.004% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDTshort | +0.0100% | 1h | 501.51 | −0.018% | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 502.00 | +0.080% | $8K | — | 10x | as long as short |
| Lighter MSFT | +0.0104% | 1h | 501.99 | +0.078% | $1.1M | $589K | 20x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 502.05 | +0.089% | $55 | — | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0129% | 1h | 501.69 | +0.018% | $27K | $104K | 10x | as long as short |
| Arcus MSFT-USD | +0.0200% | 1h | 501.91 | +0.062% | $110K | $90K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.17 | +0.313% | $115K | $45K | 30x | as long as short |
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
Bybit MSFTUSDT
Nado MSFT-PERP
BloFin MSFT-USDT
Lighter RH MSFT
QFEX MSFT-USD
Vest MSFT-USD-PERP
edgeX MSFTUSDC
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
Lighter MSFT
Aevo MSFT-PERP
Deribit MSFT_USDC-PERPETUAL
Arcus MSFT-USD
Injective MSFT/USDC PERP