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: HTX against KuCoin+0.107%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$204as in the Funding arb table
Net, price: spread back to 7d avg − costs−$181as in the Price arb table
costs, in and out, $10k−$1851.854% of the position
Funding, last 7 days−0.186%−$19 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.107%, 7d avg +0.062%
=The price spread pays, funding is against you. HTX is 0.045% dearer against KuCoin than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.062%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSFTUSDTM | 503.67 | 0.0100 | pay 0.0100% / 8h | 2h 09m | $1.6M | $57K | 20x |
| Short | HTX MSFT-USDT | 504.21 | 0 | get 0.0000% / 8h | 2h 09m | $59K | $226K | 20x |
KuCoin MSFTUSDTM
HTX MSFT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: +0.107% → +0.062%
- $4.47
- Slippage, 4 orders
- −$161.43
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$201.96
- Costs to cover
- 1.854%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; HTX: live order book, 37 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, 6 min ago | 8.34 bp | 52.0 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 37 min ago | 2.69 bp | 10.0 bp −$10 | 14.5 bp −$145 | 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 | 503.76 | +0.018% | $684K | $493K | 10x | as long as short |
| Nado MSFT-PERP | −0.0021% | 1h | 504.04 | +0.073% | $415K | $68K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.98 | +0.061% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.03 | +0.071% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.17 | +0.100% | $15.8M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.94 | +0.054% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.40 | +0.145% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.07 | +0.079% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.23 | +0.111% | $3.8M | $3.0M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 504.20 | +0.105% | $1.3M | $499K | — | as long as short |
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 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 | 504.36 | +0.137% | $18K | $323K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.99 | +0.262% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 504.03 | +0.071% | $27K | $43K | 10x | as long as short |
| HTX MSFT-USDTshort | 0.0000% | 8h | 504.21 | +0.107% | $59K | $226K | 20x | |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.48 | +0.161% | $2.2M | $814K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 504.07 | +0.079% | $11K | $15K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0018% | 8h | 504.27 | +0.119% | $189K | $207K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.09 | +0.083% | $683K | $2.0M | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0032% | 1h | 503.85 | +0.036% | $33K | $8K | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 504.18 | +0.101% | $1.1M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 504.05 | +0.075% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.23 | +0.111% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.86 | +0.038% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.91 | +0.048% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.08 | +0.081% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.97 | +0.060% | $522K | $476K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0058% | 8h | 504.12 | +0.090% | $222 | — | 5x | as long as short |
| Lighter MSFT | +0.0080% | 1h | 504.25 | +0.115% | $1.2M | $516K | 20x | as long as short |
| KuCoin MSFTUSDTMlong | +0.0100% | 8h | 503.67 | long leg | $1.6M | $57K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.73 | +0.012% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.13 | +0.091% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.14 | +0.094% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.42 | +0.149% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0400% | 4h | 504.30 | +0.126% | $103K | $242K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Phemex MSFTUSDT
Phoenix MSFT
BloFin MSFT-USDT
Lighter RH MSFT
Hotstuff MSFT-PERP
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
Lighter MSFT
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC