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: Gate against KuCoin−0.004%7-day average +0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1651.647% of the position
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 7 days+0.107%+$11 · spread now −0.004%, 7d avg +0.065%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.069% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.065%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSFTUSDTM | 502.58 | 0.0100 | pay 0.0100% / 8h | 2h 47m | $1.6M | $57K | 20x |
| Short | Gate MSFT_USDT | 502.56 | 0 | get 0.0000% / 8h | 2h 47m | $3.1M | $1.7M | 100x |
KuCoin MSFTUSDTM
Gate MSFT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against KuCoin. 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% → +0.065%
- −$6.91
- Slippage, 4 orders
- −$137.65
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$192.57
- Costs to cover
- 1.647%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 5 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, 3 min ago | 8.06 bp | 59.6 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 4.87 bp | 15.5 bp −$15 | 92.0 bp −$920 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 502.41 | −0.034% | $684K | $454K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.59 | +0.002% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.71 | +0.026% | $341K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.85 | +0.054% | $15.8M | $19.2M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.55 | −0.006% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.90 | +0.064% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDTshort | 0.0000% | 8h | 502.56 | −0.004% | $3.1M | $1.7M | 100x | |
| Bitget MSFTUSDT | 0.0000% | 8h | 502.73 | +0.030% | $4.2M | $2.7M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 502.78 | +0.039% | $1.3M | $493K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.91 | +0.066% | $18K | $311K | 10x | as long as short |
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_PerpShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MSFT-USDT | 0.0000% | 8h | 503.60 | +0.203% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 502.52 | −0.012% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.72 | +0.028% | $58K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.19 | +0.121% | $2.2M | $791K | 10x | as long as short |
| Nado MSFT-PERP | +0.0001% | 1h | 502.52 | −0.012% | $412K | $66K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0008% | 8h | 502.80 | +0.044% | $190K | $205K | 20x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 502.53 | −0.010% | $11K | $15K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 502.60 | +0.004% | $678K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 502.67 | +0.018% | $1.2M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 502.59 | +0.002% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 502.69 | +0.022% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 502.38 | −0.040% | $22.2M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 502.40 | −0.036% | $303K | $713K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.59 | +0.002% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 502.31 | −0.054% | $512K | $463K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 502.68 | +0.020% | $221 | — | 5x | as long as short |
| Hotstuff MSFT-PERP | +0.0064% | 1h | 502.38 | −0.040% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTMlong | +0.0100% | 8h | 502.58 | long leg | $1.6M | $57K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.63 | +0.010% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 502.65 | +0.014% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 502.68 | +0.019% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0120% | 1h | 502.88 | +0.060% | $1.2M | $495K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.24 | +0.131% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0752% | 4h | 502.72 | +0.028% | $102K | $244K | 10x | as long as short |
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Nado MSFT-PERP
BloFin MSFT-USDT
Phoenix MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus 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
Hotstuff MSFT-PERP
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
edgeX MSFTUSDC