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 OKX−0.160%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$356as in the Funding arb table
Net, price: spread back to 7d avg − costs−$380as in the Price arb table
costs, in and out, $10k−$3733.732% of the position
Funding, last 7 days+0.172%+$17 on $10k
+Price spread, last 7 days+0.020%+$2 · spread now −0.160%, 7d avg −0.096%
=Funding pays, the price is against you. KuCoin is 0.064% cheaper against OKX than usual: you would sell low and buy high (spread −0.160% now, against its 7-day average of −0.096%). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MSFT-USDT-SWAP | 501.53 | 0 | get 0.0000% / 8h | 3h 41m | $3.0M | $2.3M | 20x |
| Short | KuCoin MSFTUSDTM | 500.73 | 0.0100 | get 0.0100% / 8h | 3h 41m | $1.6M | $52K | 20x |
OKX MSFT-USDT-SWAP
KuCoin MSFTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against OKX. 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: −0.160% → −0.096%
- −$6.36
- Slippage, 4 orders
- −$351.15
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$358.51
- Costs to cover
- 3.732%
- Break-even
- 126.5 days
Slippage from OKX: live order book, 6 min ago; KuCoin: live order book, 4 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 OKX live order book, 6 min ago | 0.90 bp | 7.1 bp −$7 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 5.29 bp | 213.1 bp −$213 | 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 | −0.0760% | 4h | 501.36 | −0.034% | $102K | $242K | 10x | as long as short |
| Nado MSFT-PERP | −0.0110% | 1h | 501.30 | −0.045% | $414K | $64K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.0048% | 1h | 501.01 | −0.104% | $32K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 500.97 | −0.112% | $677K | $450K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.0007% | 1h | 500.99 | −0.108% | $22.1M | $8.7M | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.29 | −0.048% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.30 | −0.046% | $337K | $883K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.44 | −0.018% | $15.8M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.15 | −0.076% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAPlong | 0.0000% | 8h | 501.53 | long leg | $3.0M | $2.3M | 20x |
edgeX MSFTUSDC
Nado MSFT-PERP
Hotstuff MSFT-PERP
Coinbase International MSFT-PERP-INTX
tradeXYZ xyz:MSFT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | 0.0000% | 8h | 501.24 | −0.058% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.31 | −0.044% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.34 | −0.038% | $1.3M | $607K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.39 | −0.028% | $18K | $298K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.21 | +0.136% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.29 | −0.048% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.29 | −0.048% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.50 | −0.006% | $2.2M | $770K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0018% | 8h | 501.47 | −0.012% | $189K | $204K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 501.44 | −0.018% | $1.1M | $503K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.17 | −0.072% | $676K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 501.32 | −0.042% | $1.1M | $4.9M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.13 | −0.080% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.34 | −0.038% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.07 | −0.092% | $10K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.08 | −0.090% | $302K | $697K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.24 | −0.058% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.01 | −0.104% | $518K | $452K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0053% | 8h | 501.36 | −0.034% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTMshort | +0.0100% | 8h | 500.73 | −0.160% | $1.6M | $52K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.94 | −0.118% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.34 | −0.038% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.33 | −0.040% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.54 | +0.002% | $115K | $45K | 30x | as long as short |
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP