MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.017%

Price spread now: ApeX Omni against tradeXYZ−0.016%45s7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.401% of the position

Long on tradeXYZ Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$14 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.016%, 7d avg +0.027%

Together, before fees+0.191%+ Points / potential airdroptradeXYZ: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.043% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.027%). If the spread goes back, that is −$4 on $10k: about 2.9 days of funding at the current rate (+$2 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSFT	501.37	0.0050	pay 0.0006% / 1h	14m 46s	$22.1M	$9.3M	20x
Short	ApeX Omni MSFTUSDT	501.29	0.0100	get 0.0013% / 1h	14m 46s	$160K	$7K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee tradeXYZbpFee ApeX OmnibpOrdersPrice spread, now −0.016%Rate

Funding earned: $10.5
Price spread: −0.016% → +0.027%: −$4.3
Slippage, 4 orders: −$12.05
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$33.85
Costs to cover: 0.401%
Break-even: 29.6 days

Slippage from tradeXYZ: live order book, 4 min ago; ApeX Omni: live order book, 51 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 tradeXYZ live order book, 4 min ago	0.40 bp	9.7 bp −$10	12.0 bp −$120	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 51 min ago	5.09 bp	10.1 bp −$10	55.6 bp −$556	doesn't fit	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
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.22	−0.030%	$679K	$457K	10x	as long as short
Nado MSFT-PERP	−0.0006%	1h	501.52	+0.030%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.81	+0.089%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.56	+0.037%	$337K	$899K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.68	+0.062%	$15.6M	$18.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.72	+0.070%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.90	+0.106%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.55	+0.036%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.68	+0.062%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.63	+0.051%	$1.3M	$682K	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.75	+0.076%	$18K	$296K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.46	+0.217%	$6K	$4.1M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.84	+0.094%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.00	+0.126%	$2.2M	$765K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.55	+0.036%	$627K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	501.59	+0.044%	$1.1M	$5.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.50	+0.026%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.71	+0.068%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFTlong	+0.0050%	1h	501.37	long leg	$22.1M	$9.3M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	501.30	−0.014%	$303K	$671K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.62	+0.050%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.46	+0.018%	$522K	$518K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	501.58	+0.043%	$221	—	5x	as long as short
Hotstuff MSFT-PERP	+0.0072%	1h	501.39	+0.004%	$32K	$8K	20x	as long as short
Phoenix MSFT	+0.0080%	1h	501.60	+0.046%	$10K	$15K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0089%	1h	501.62	+0.050%	$27K	$41K	10x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.36	−0.002%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDTshort	+0.0100%	1h	501.29	−0.016%	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.63	+0.052%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.58	+0.042%	$55	—	10x	as long as short
Lighter MSFT	+0.0160%	1h	501.80	+0.086%	$1.1M	$489K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.78	+0.082%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0345%	4h	501.68	+0.061%	$102K	$243K	10x	as long as short