MSFT

Alert: funding

Alert: spread

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: Bitget against KuCoin+0.030%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$205as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$1881.878% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 7 days+0.044%+$4 · spread now +0.030%, 7d avg +0.093%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.063% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.093%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSFTUSDTM	501.22	0.0100	pay 0.0100% / 8h	7h 00m	$1.5M	$19K	20x
Short	Bitget MSFTUSDT	501.37	0	get 0.0000% / 8h	7h 00m	$3.8M	$2.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee KuCoinbpFee BitgetbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$21
Price spread: +0.030% → +0.093%: −$6.34
Slippage, 4 orders: −$163.76
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$215.1
Costs to cover: 1.878%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bitget: live order book, 2 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 KuCoin live order book, 5 min ago	9.48 bp	93.9 bp −$94	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.00 bp	9.4 bp −$9	13.8 bp −$138	31.6 bp −$3,157	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
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	500.76	−0.092%	$684K	$449K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.47	+0.051%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.21	−0.003%	$342K	$905K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.34	+0.024%	$15.6M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.21	−0.002%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.22	0.000%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.23	+0.002%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDTshort	0.0000%	8h	501.37	+0.030%	$3.8M	$2.1M	100x
Variational Omni MSFT	0.0000%	8h	501.26	+0.007%	$1.3M	$690K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.46	+0.048%	$19K	$293K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	502.10	+0.176%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.00	−0.044%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.24	+0.004%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.40	+0.036%	$2.2M	$758K	10x	as long as short
BloFin MSFT-USDT	+0.0002%	8h	501.37	+0.030%	$188K	$205K	20x	as long as short
Nado MSFT-PERP	+0.0007%	1h	501.13	−0.018%	$414K	$64K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.16	−0.012%	$617K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	501.31	+0.018%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.26	+0.008%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.88	−0.068%	$22.1M	$9.2M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.92	−0.060%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.21	−0.002%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.98	−0.048%	$514K	$504K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.15	−0.014%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.05	−0.034%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTMlong	+0.0100%	8h	501.22	long leg	$1.5M	$19K	20x
ApeX Omni MSFTUSDT	+0.0100%	1h	500.82	−0.080%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.24	+0.004%	$8K	—	10x	as long as short
Lighter MSFT	+0.0104%	1h	501.35	+0.026%	$1.1M	$486K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.17	−0.011%	$55	—	10x	as long as short
edgeX MSFTUSDC	+0.0163%	4h	501.29	+0.013%	$102K	$243K	10x	as long as short
Hotstuff MSFT-PERP	+0.0168%	1h	500.85	−0.074%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.16	−0.012%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.76	+0.108%	$115K	$45K	30x	as long as short