Funding you earn now, next payment 12:00 UTC−0.0002%/8h= −0.3% APRnext payment −$0.00 per $10,000 · paid last 24h +0.059%
Price spread now: Arcus against tradeXYZ+0.049%52s7-day average +0.068% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.104%+$10 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.049%, 7d avg +0.068%
=Together, before fees+0.077%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSFT | 505.93 | 0.0043 | pay 0.0005% / 1h | 7m 36s | $21.7M | $10.1M | 20x |
| Short | Arcus MSFT-USD | 506.18 | 0.0040 | get 0.0005% / 1h | 7m 36s | $94K | $83K | 10x |
tradeXYZ xyz:MSFT
Arcus MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against tradeXYZ. 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
- −$0.49
- Price spread: +0.049% → +0.068%
- −$1.83
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$24.81
- Costs to cover
- 0.225%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 5 min ago; Arcus: no order-book sample. Net counts fees only.
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, 5 min ago | 0.59 bp | 9.9 bp −$10 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell Arcus no order-book sample | — | — | — | — | — |
Arcus: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MSFT on 34 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.1600% | 1h | 505.88 | −0.010% | $33K | $8K | 20x | as long as short |
| edgeX MSFTUSDC | −0.0564% | 4h | 506.05 | +0.024% | $103K | $242K | 10x | as long as short |
| Nado MSFT-PERP | −0.0021% | 1h | 506.18 | +0.049% | $413K | $72K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 506.00 | +0.014% | $703K | $740K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 506.16 | +0.045% | $166K | $117K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 506.22 | +0.057% | $326K | $2.3M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 506.41 | +0.095% | $16.3M | $22.3M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 506.24 | +0.061% | $7.4M | $2.6M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 506.11 | +0.036% | $3.2M | $2.0M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 506.32 | +0.077% | $4.0M | $3.2M | 100x | as long as short |
Hotstuff MSFT-PERP
edgeX MSFTUSDC
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 506.18 | +0.049% | $1.3M | $438K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 506.22 | +0.057% | $18K | $331K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 507.20 | +0.251% | $6K | $3.3M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 506.13 | +0.040% | $30K | $45K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 506.29 | +0.071% | $49K | $248K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 506.45 | +0.103% | $2.3M | $974K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0026% | 8h | 506.45 | +0.103% | $203K | $227K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 506.25 | +0.063% | $1.2M | $519K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 506.21 | +0.055% | $723K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0038% | 1h | 506.20 | +0.053% | $1.2M | $4.6M | 10x | as long as short |
| Arcus MSFT-USDshort | +0.0040% | 1h | 506.18 | +0.049% | $94K | $83K | 10x | |
| tradeXYZ xyz:MSFTlong | +0.0043% | 1h | 505.93 | long leg | $21.7M | $10.1M | 20x | |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 506.42 | +0.097% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 505.87 | −0.012% | $11K | $16K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 506.02 | +0.018% | $320K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 506.22 | +0.057% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 505.85 | −0.016% | $516K | $431K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0053% | 8h | 506.22 | +0.058% | $223 | — | 5x | as long as short |
| OKX MSFT-USDT-SWAP | +0.0054% | 8h | 506.53 | +0.119% | $3.2M | $2.9M | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0055% | 8h | 505.79 | −0.028% | $1.6M | $335K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 505.73 | −0.040% | $161K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 506.25 | +0.063% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 505.20 | −0.145% | $56 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 506.07 | +0.028% | $116K | $45K | 30x | as long as short |
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
Vest MSFT-USD-PERP
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
OKX MSFT-USDT-SWAP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP