Settings8H · net · $10k
Funding arb · Price arb /

MSFT

RWAall MSFT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against KuCoin+0.064%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$740.743% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.023%+$2 on $10k
Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.064%, 7d avg +0.002%
Together, before fees−0.049%−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.061% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MSFTUSDTM502.840.0100pay 0.0100% / 8h5h 43m$1.6M$230K20x
ShortApeX Omni MSFTUSDT503.160.0100get 0.0013% / 1h43m 39s$160K$7K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.064% → +0.002%
$6.14
Slippage, 4 orders
−$52.32
Fee KuCoin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$68.17
Costs to cover
0.743%
Break-even
never at this rate
Slippage from KuCoin: live order book, 5 min ago; ApeX Omni: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 5 min ago8.26 bp24.1 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, just now7.55 bp12.6 bp −$1380.9 bp −$809doesn't fitdoesn't fit

MSFT on 34 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff MSFT-PERP−0.1600%1h503.07+0.046%$32K$8K20xas long as short
Nado MSFT-PERP−0.0069%1h503.31+0.093%$411K$72K20xas long as short
Ondo Perps MSFT-USD.P−0.0029%1h503.16+0.064%$531K$396K15xas long as short
Aster MSFTUSDT0.0000%8h504.03+0.236%$166K$118K20xas long as short
Extended MSFT_24_5-USD0.0000%1h503.44+0.119%$326K$1.9M17xas long as short
Binance MSFTUSDT0.0000%8h503.58+0.148%$16.4M$21.0M20xas long as short
Bybit MSFTUSDT0.0000%8h503.27+0.086%$7.3M$2.3M100xas long as short
Gate MSFT_USDT0.0000%8h503.24+0.080%$3.1M$1.9M100xas long as short
Bitget MSFTUSDT0.0000%8h503.54+0.139%$3.9M$2.9M100xas long as short
Variational Omni MSFT0.0000%8h503.01+0.033%$1.3M$396Kas long as short
Show all 34 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT MSFT_USDT_Perp0.0000%8h503.15+0.062%$18K$318K10xas long as short
SunX MSFT-USDT0.0000%8h504.26+0.282%$6K$3.5M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h503.21+0.074%$30K$47K10xas long as short
Coinbase International MSFT-PERP-INTX0.0000%1h503.12+0.056%$701K$527K10xas long as short
HTX MSFT-USDT0.0000%8h503.39+0.109%$48K$247K20xas long as short
Phemex MSFTUSDT0.0000%8h503.80+0.191%$2.3M$911K10xas long as short
BloFin MSFT-USDT+0.0006%8h503.60+0.151%$202K$216K20xas long as short
tradeXYZ xyz:MSFT+0.0016%1h503.07+0.046%$22.4M$9.2M20xas long as short
Lighter MSFT+0.0032%1h503.36+0.103%$1.2M$485K20xas long as short
Lighter RH MSFT+0.0032%1h503.43+0.117%$689K$1.8M20xas long as short
Vest MSFT-USD-PERP+0.0046%1h503.48+0.127%$1K25xas long as short
Polymarket Perps MSFT-USD+0.0050%1h503.14+0.060%$318K$675K10xas long as short
SoDEX MSFT-USD+0.0050%1h503.25+0.082%$60K$3K10xas long as short
OKX MSFT-USDT-SWAP+0.0052%8h503.69+0.169%$3.2M$2.7M20xas long as short
edgeX MSFTUSDC+0.0054%4h503.20+0.072%$102K$244K10xas long as short
Paradex MSFT-USD-PERP+0.0055%8h503.33+0.098%$2215xas long as short
QFEX MSFT-USD+0.0058%1h503.53+0.137%$1.2M$4.7M10xas long as short
Phoenix MSFT+0.0079%1h503.21+0.074%$11K$5K20xas long as short
KuCoin MSFTUSDTMlong+0.0100%8h502.84long leg$1.6M$230K20x
ApeX Omni MSFTUSDTshort+0.0100%1h503.16+0.064%$160K$7K50x
Orderly PERP_MSFT_USDC_mythos+0.0100%8h503.43+0.117%$8K10xas long as short
Aevo MSFT-PERP+0.0104%1h503.40+0.111%$5510xas long as short
Arcus MSFT-USD+0.0190%1h503.25+0.082%$93K$83K10xas long as short
Injective MSFT/USDC PERP+0.0220%1h503.61+0.153%$115K$45K30xas long as short