MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h −0.020%

Price spread now: Coinbase International against tradeXYZ−0.060%50s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as 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−$340.341% of the position

Long on tradeXYZ Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.060%, 7d avg −0.012%

Together, before fees+0.064%+ Points / potential airdroptradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.048% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.012%). Swap the legs. The two prices were read 50 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	501.27	−0.0004	get 0.0000% / 1h	39m 19s	$22.1M	$8.7M	20x
Short	Coinbase International MSFT-PERP-INTX	500.97	−0.0032	pay 0.0004% / 1h	39m 19s	$677K	$450K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$5.95
Price spread: −0.060% → −0.012%: −$4.82
Slippage, 4 orders: −$6.11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$44.88
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; Coinbase International: live order book, 14 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, 10 min ago	0.40 bp	10.0 bp −$10	12.4 bp −$124	doesn't fit	doesn't fit
Sell Coinbase International live order book, 14 min ago	1.70 bp	6.8 bp −$7	9.5 bp −$95	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
Nado MSFT-PERP	−0.0110%	1h	501.33	+0.012%	$414K	$64K	20x	as long as short
Hotstuff MSFT-PERP	−0.0032%	1h	501.18	−0.018%	$32K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTXshort	−0.0032%	1h	500.97	−0.060%	$677K	$450K	10x
tradeXYZ xyz:MSFTlong	−0.0004%	1h	501.27	long leg	$22.1M	$8.7M	20x
Aster MSFTUSDT	0.0000%	8h	501.40	+0.026%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.40	+0.025%	$337K	$883K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.69	+0.083%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.40	+0.026%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.71	+0.088%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.46	+0.038%	$3.1M	$1.7M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.47	+0.040%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.36	+0.017%	$1.3M	$607K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.39	+0.024%	$18K	$298K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.22	+0.190%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.24	−0.006%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.35	+0.016%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.64	+0.074%	$2.2M	$770K	10x	as long as short
BloFin MSFT-USDT	+0.0016%	8h	501.45	+0.036%	$189K	$204K	20x	as long as short
Lighter MSFT	+0.0032%	1h	501.47	+0.040%	$1.1M	$503K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.18	−0.018%	$676K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	501.47	+0.040%	$1.1M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.14	−0.026%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.45	+0.036%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.20	−0.014%	$10K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.30	+0.006%	$302K	$697K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.24	−0.006%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.16	−0.022%	$518K	$451K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0053%	8h	501.38	+0.023%	$221	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.97	−0.060%	$1.6M	$52K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.94	−0.066%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.56	+0.058%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.57	+0.060%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.47	+0.040%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0295%	4h	501.37	+0.019%	$102K	$242K	10x	as long as short