Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against HTX−0.004%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$207as in the Funding arb table
Net, price: spread back to 7d avg − costs−$220as in the Price arb table
costs, in and out, $10k−$2262.258% of the position
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 3 days (all we have)−0.077%−$8 · spread now −0.004%, 7d avg −0.064%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.061% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.064%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MSFT-USDT | 501.82 | 0 | get 0.0000% / 8h | 7h 24m | $58K | $227K | 20x |
| Short | KuCoin MSFTUSDTM | 501.80 | 0.0100 | get 0.0100% / 8h | 7h 24m | $1.5M | $19K | 20x |
HTX MSFT-USDT
KuCoin MSFTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against HTX. 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: −0.004% → −0.064%
- $6.05
- Slippage, 4 orders
- −$201.81
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$198.76
- Costs to cover
- 2.258%
- Break-even
- 73.3 days
Slippage from HTX: live order book, 46 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 HTX live order book, 46 min ago | 2.69 bp | 8.7 bp −$9 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 7.28 bp | 142.1 bp −$142 | 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 | −0.0298% | 4h | 502.10 | +0.055% | $102K | $242K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 501.13 | −0.137% | $679K | $447K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.96 | +0.027% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.86 | +0.007% | $337K | $1.0M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.84 | +0.004% | $15.7M | $18.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.82 | 0.000% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.08 | +0.052% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.69 | −0.026% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.87 | +0.010% | $3.8M | $2.1M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.86 | +0.008% | $1.3M | $690K | — | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
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 | 502.02 | +0.040% | $18K | $289K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.72 | +0.179% | $6K | $4.1M | 20x | as long as short |
| HTX MSFT-USDTlong | 0.0000% | 8h | 501.82 | long leg | $58K | $227K | 20x | |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.00 | +0.036% | $2.2M | $757K | 10x | as long as short |
| Nado MSFT-PERP | +0.0004% | 1h | 501.66 | −0.032% | $414K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0008% | 8h | 501.96 | +0.028% | $187K | $205K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0009% | 1h | 501.73 | −0.018% | $27K | $41K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.80 | −0.004% | $619K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0044% | 1h | 501.94 | +0.024% | $1.1M | $5.8M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.90 | +0.016% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.55 | −0.054% | $22.3M | $9.1M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.63 | −0.038% | $303K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.84 | +0.004% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.49 | −0.066% | $528K | $489K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 501.87 | +0.009% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.70 | −0.024% | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0080% | 1h | 501.55 | −0.054% | $32K | $8K | 20x | as long as short |
| Lighter MSFT | +0.0096% | 1h | 502.02 | +0.040% | $1.1M | $486K | 20x | as long as short |
| KuCoin MSFTUSDTMshort | +0.0100% | 8h | 501.80 | −0.004% | $1.5M | $19K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.56 | −0.052% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.85 | +0.006% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.82 | +0.001% | $55 | — | 10x | as long as short |
| Arcus MSFT-USD | +0.0212% | 1h | 501.83 | +0.002% | $97K | $109K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.00 | +0.036% | $115K | $45K | 30x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Phemex MSFTUSDT
Nado MSFT-PERP
BloFin MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Lighter RH MSFT
QFEX MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
Hotstuff MSFT-PERP
Lighter MSFT
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Arcus MSFT-USD
Injective MSFT/USDC PERP