Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against Phemex−0.042%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$840.839% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.042%, 7d avg −0.056%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MSFTUSDT | 501.50 | 0 | get 0.0000% / 8h | 3h 41m | $2.2M | $770K | 10x |
| Short | HTX MSFT-USDT | 501.29 | 0 | get 0.0000% / 8h | 3h 41m | $59K | $225K | 20x |
Phemex MSFTUSDT
HTX MSFT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Phemex. 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
- $0
- Price spread: −0.042% → −0.056%
- $1.39
- Slippage, 4 orders
- −$59.87
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$82.47
- Costs to cover
- 0.839%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; HTX: live order book, 10 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 Phemex live order book, 2 min ago | 1.79 bp | 32.7 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 10 min ago | 2.69 bp | 8.7 bp −$9 | 9.9 bp −$99 | 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 | −0.0253% | 4h | 501.35 | −0.031% | $102K | $244K | 10x | as long as short |
| Nado MSFT-PERP | −0.0111% | 1h | 501.19 | −0.062% | $414K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 500.97 | −0.106% | $677K | $450K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.0007% | 1h | 501.04 | −0.092% | $22.1M | $8.7M | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.30 | −0.040% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.34 | −0.033% | $337K | $883K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.44 | −0.012% | $15.8M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.18 | −0.064% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.53 | +0.006% | $3.0M | $2.3M | 20x | as long as short |
| Hotstuff MSFT-PERP | 0.0000% | 1h | 500.97 | −0.106% | $32K | $8K | 20x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
tradeXYZ xyz:MSFT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Hotstuff MSFT-PERPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | 0.0000% | 8h | 501.25 | −0.050% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.31 | −0.038% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.34 | −0.032% | $1.3M | $607K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.39 | −0.022% | $18K | $298K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.21 | +0.142% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.29 | −0.042% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDTshort | 0.0000% | 8h | 501.29 | −0.042% | $59K | $225K | 20x | |
| Phemex MSFTUSDTlong | 0.0000% | 8h | 501.50 | long leg | $2.2M | $770K | 10x | |
| BloFin MSFT-USDT | +0.0018% | 8h | 501.47 | −0.006% | $189K | $204K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 501.44 | −0.012% | $1.1M | $503K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.17 | −0.066% | $676K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 501.30 | −0.040% | $1.1M | $4.9M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.12 | −0.076% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.34 | −0.032% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.07 | −0.086% | $10K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.01 | −0.098% | $302K | $697K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.24 | −0.052% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.01 | −0.098% | $518K | $452K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0053% | 8h | 501.28 | −0.044% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.72 | −0.156% | $1.6M | $52K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.17 | −0.066% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.33 | −0.034% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.33 | −0.034% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.54 | +0.008% | $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
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
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP