Funding you earn now, next payment 11:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h −0.013%
Price spread now: Extended against tradeXYZ+0.069%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$310.314% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.069%, 7d avg +0.080%
=Together, before fees−0.057%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSFT | 503.14 | 0.0017 | pay 0.0002% / 1h | 43m 07s | $22.4M | $9.2M | 20x |
| Short | Extended MSFT_24_5-USD | 503.49 | 0 | get 0.0000% / 1h | 43m 07s | $326K | $1.9M | 17x |
tradeXYZ xyz:MSFT
Extended MSFT_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$3.64
- Price spread: +0.069% → +0.080%
- −$1.04
- Slippage, 4 orders
- −$8.44
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$36.12
- Costs to cover
- 0.314%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; Extended: live order book, 3 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, 9 min ago | 0.60 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 0.60 bp | 5.7 bp −$6 | 25.4 bp −$254 | doesn't fit | doesn't fit |
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 | 503.07 | −0.014% | $32K | $8K | 20x | as long as short |
| Nado MSFT-PERP | −0.0069% | 1h | 503.31 | +0.034% | $411K | $72K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.0029% | 1h | 503.16 | +0.004% | $531K | $396K | 15x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.05 | +0.181% | $166K | $118K | 20x | as long as short |
| Extended MSFT_24_5-USDshort | 0.0000% | 1h | 503.49 | +0.069% | $326K | $1.9M | 17x | |
| Binance MSFTUSDT | 0.0000% | 8h | 503.66 | +0.104% | $16.3M | $21.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.32 | +0.036% | $7.3M | $2.3M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.28 | +0.028% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.54 | +0.080% | $3.9M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.01 | −0.026% | $1.3M | $396K | — | as long as short |
Hotstuff MSFT-PERP
Nado MSFT-PERP
Ondo Perps MSFT-USD.P
Aster MSFTUSDT
Binance MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.15 | +0.002% | $18K | $318K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.41 | +0.252% | $6K | $3.5M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.31 | +0.034% | $30K | $47K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 503.12 | −0.004% | $701K | $527K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.41 | +0.054% | $48K | $247K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.75 | +0.121% | $2.3M | $912K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0003% | 8h | 503.63 | +0.097% | $202K | $216K | 20x | as long as short |
| tradeXYZ xyz:MSFTlong | +0.0017% | 1h | 503.14 | long leg | $22.4M | $9.2M | 20x | |
| Lighter MSFT | +0.0032% | 1h | 503.47 | +0.066% | $1.2M | $489K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.46 | +0.064% | $689K | $1.8M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.56 | +0.083% | — | $1K | 25x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.11 | −0.006% | $318K | $675K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.46 | +0.064% | $60K | $3K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.0052% | 8h | 503.69 | +0.109% | $3.2M | $2.7M | 20x | as long as short |
| edgeX MSFTUSDC | +0.0054% | 4h | 503.20 | +0.012% | $102K | $244K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0055% | 8h | 503.33 | +0.039% | $221 | — | 5x | as long as short |
| QFEX MSFT-USD | +0.0058% | 1h | 503.53 | +0.078% | $1.2M | $4.7M | 10x | as long as short |
| Phoenix MSFT | +0.0079% | 1h | 503.16 | +0.004% | $11K | $5K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.03 | −0.022% | $1.6M | $230K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.16 | +0.004% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.44 | +0.060% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.49 | +0.069% | $55 | — | 10x | as long as short |
| Arcus MSFT-USD | +0.0190% | 1h | 503.25 | +0.022% | $93K | $83K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.61 | +0.093% | $115K | $45K | 30x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
OKX MSFT-USDT-SWAP
edgeX MSFTUSDC
Paradex MSFT-USD-PERP
QFEX MSFT-USD
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Arcus MSFT-USD
Injective MSFT/USDC PERP