Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%
Price spread now: Binance against SunX−0.155%7-day average −0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$225as in the Funding arb table
Net, price: spread back to 7d avg − costs−$228as in the Price arb table
costs, in and out, $10k−$2282.283% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 2 days (all we have)+0.005%+$1 · spread now −0.155%, 7d avg −0.157%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX MSFT-USDT | 502.38 | 0 | get 0.0000% / 8h | 5h 55m | $6K | $4.1M | 20x |
| Short | Binance MSFTUSDT | 501.60 | 0 | get 0.0000% / 8h | 5h 55m | $15.6M | $18.7M | 20x |
SunX MSFT-USDT
Binance MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against SunX. 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: −0.155% → −0.157%
- $0.24
- Slippage, 4 orders
- −$210.31
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$228.07
- Costs to cover
- 2.283%
- Break-even
- never at this rate
Slippage from SunX: live order book, 12 min ago; Binance: live order book, 15 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 SunX live order book, 12 min ago | 29.45 bp | 111.1 bp −$111 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.10 bp | 6.0 bp −$6 | 10.4 bp −$104 | 47.1 bp −$4,708 | doesn't fit |
MSFT on 33 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 | −0.0623% | 4h | 501.59 | −0.157% | $102K | $244K | 10x | as long as short |
| Nado MSFT-PERP | −0.0150% | 1h | 501.52 | −0.171% | $414K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 501.24 | −0.227% | $679K | $456K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.72 | −0.131% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.49 | −0.176% | $337K | $889K | 17x | as long as short |
| Binance MSFTUSDTshort | 0.0000% | 8h | 501.60 | −0.155% | $15.6M | $18.7M | 20x | |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.70 | −0.135% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.78 | −0.119% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.45 | −0.185% | $3.1M | $1.6M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.61 | −0.153% | $4.5M | $2.5M | 100x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 501.53 | −0.170% | $1.3M | $650K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.63 | −0.150% | $19K | $295K | 10x | as long as short |
| SunX MSFT-USDTlong | 0.0000% | 8h | 502.38 | long leg | $6K | $4.1M | 20x | |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.33 | −0.209% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.44 | −0.187% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.78 | −0.119% | $2.2M | $762K | 10x | as long as short |
| QFEX MSFT-USD | +0.0030% | 1h | 501.45 | −0.185% | $1.1M | $5.7M | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.47 | −0.181% | $657K | $2.0M | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0039% | 1h | 501.26 | −0.223% | $22.1M | $9.3M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.42 | −0.191% | $97K | $109K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.61 | −0.153% | — | $1K | 25x | as long as short |
| Lighter MSFT | +0.0048% | 1h | 501.73 | −0.129% | $1.1M | $454K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.26 | −0.223% | $303K | $671K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.49 | −0.177% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.12 | −0.251% | $522K | $481K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0053% | 8h | 501.58 | −0.160% | $221 | — | 5x | as long as short |
| Hotstuff MSFT-PERP | +0.0064% | 1h | 501.27 | −0.221% | $32K | $8K | 20x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.34 | −0.207% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.34 | −0.207% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.41 | −0.193% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.48 | −0.179% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.51 | −0.174% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.87 | −0.102% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
QFEX MSFT-USD
Lighter RH MSFT
tradeXYZ xyz:MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
Lighter MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Hotstuff MSFT-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP