Funding you earn now, next payment 10:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.109%
Price spread now: KuCoin 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 4 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: +$2 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 | 504.38 | 0.0048 | pay 0.0006% / 1h | 57m 27s | $33K | $8K | 20x |
| Short | KuCoin MSFTUSDTM | 504.29 | 0.0100 | get 0.0100% / 8h | 6h 57m | $1.6M | $144K | 20x |
Hotstuff MSFT-PERP
KuCoin MSFTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $10.92
- Price spread: −0.018% → 0.000%
- −$1.78
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$7.86
- Costs to cover
- 0.170%
- Break-even
- 12.0 days
Slippage unknown: Hotstuff: no order-book sample; KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago | 7.04 bp | 29.2 bp −$29 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0192% | 4h | 504.79 | +0.081% | $103K | $242K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 504.35 | −0.006% | $693K | $454K | 10x | as long as short |
| Nado MSFT-PERP | −0.0029% | 1h | 504.52 | +0.027% | $415K | $67K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.74 | +0.072% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.78 | +0.079% | $326K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.93 | +0.109% | $16.3M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.61 | +0.046% | $7.3M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.97 | +0.117% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.58 | +0.040% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.87 | +0.097% | $3.9M | $2.8M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 504.71 | +0.066% | $1.3M | $394K | — | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.62 | +0.246% | $6K | $3.5M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 504.39 | +0.002% | $27K | $45K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.76 | +0.075% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 505.19 | +0.161% | $2.2M | $865K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 504.40 | +0.004% | $11K | $5K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0020% | 8h | 504.89 | +0.101% | $190K | $206K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.68 | +0.059% | $713K | $1.7M | 20x | as long as short |
| Lighter MSFT | +0.0040% | 1h | 504.69 | +0.061% | $1.2M | $471K | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.73 | +0.069% | — | $1K | 25x | as long as short |
| Hotstuff MSFT-PERPlong | +0.0048% | 1h | 504.38 | long leg | $33K | $8K | 20x | |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 504.38 | 0.000% | $22.4M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 504.47 | +0.018% | $304K | $650K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.58 | +0.040% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 504.43 | +0.010% | $537K | $378K | 15x | as long as short |
| Arcus MSFT-USD | +0.0052% | 1h | 504.65 | +0.054% | $93K | $115K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0061% | 8h | 504.68 | +0.060% | $222 | — | 5x | as long as short |
| QFEX MSFT-USD | +0.0061% | 1h | 504.79 | +0.081% | $1.1M | $4.6M | 10x | as long as short |
| GRVT MSFT_USDT_Perp | +0.0097% | 8h | 504.76 | +0.075% | $19K | $312K | 10x | as long as short |
| KuCoin MSFTUSDTMshort | +0.0100% | 8h | 504.29 | −0.018% | $1.6M | $144K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 504.29 | −0.018% | $161K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.80 | +0.083% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.68 | +0.059% | $56 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 505.86 | +0.293% | $116K | $45K | 30x | as long as short |
Variational Omni MSFT
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
BloFin MSFT-USDT
Lighter RH MSFT
Lighter MSFT
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Arcus MSFT-USD
Paradex MSFT-USD-PERP
QFEX MSFT-USD
GRVT MSFT_USDT_Perp
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP