MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0005%/8h= +0.5% APRnext payment +$0.05 per $10,000 · paid last 24h +0.003%

Price spread now: BloFin against Binance−0.010%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.010%, 7d avg +0.004%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSFTUSDT	503.87	0	get 0.0000% / 8h	3h 00m	$15.8M	$19.2M	20x
Short	BloFin MSFT-USDT	503.82	0.0005	get 0.0005% / 8h	3h 00m	$190K	$205K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0.98
Price spread: −0.010% → +0.004%: −$1.41
Slippage, 4 orders: −$8.92
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$31.36
Costs to cover: 0.309%
Break-even: 230.7 days

Slippage from Binance: live order book, 10 min ago; BloFin: live order book, 20 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 Binance live order book, 10 min ago	0.10 bp	8.4 bp −$8	15.0 bp −$150	48.5 bp −$4,853	doesn't fit
Sell BloFin live order book, 20 min ago	0.20 bp	8.0 bp −$8	10.9 bp −$109	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	−0.0094%	1h	503.60	−0.053%	$415K	$65K	20x	as long as short
Hotstuff MSFT-PERP	−0.0072%	1h	503.31	−0.111%	$32K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	503.33	−0.107%	$685K	$460K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.59	−0.055%	$162K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.73	−0.028%	$337K	$1.1M	17x	as long as short
Binance MSFTUSDTlong	0.0000%	8h	503.87	long leg	$15.8M	$19.2M	20x
Bybit MSFTUSDT	0.0000%	8h	503.51	−0.071%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.74	−0.026%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.61	−0.052%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.61	−0.052%	$4.4M	$2.6M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	503.79	−0.017%	$1.3M	$493K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.55	−0.063%	$18K	$303K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.63	+0.151%	$6K	$4.0M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.75	−0.024%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.99	+0.024%	$2.2M	$786K	10x	as long as short
BloFin MSFT-USDTshort	+0.0005%	8h	503.82	−0.010%	$190K	$205K	20x
Deribit MSFT_USDC-PERPETUAL	+0.0008%	1h	503.65	−0.044%	$27K	$42K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0021%	1h	503.39	−0.095%	$22.3M	$8.8M	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.86	−0.002%	$1.2M	$524K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.61	−0.052%	$680K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	503.68	−0.038%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.41	−0.091%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.74	−0.026%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	503.46	−0.081%	$11K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.48	−0.077%	$303K	$713K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.59	−0.056%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.08	−0.157%	$512K	$456K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	503.78	−0.018%	$222	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.20	−0.133%	$1.6M	$56K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.39	−0.095%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.70	−0.034%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.76	−0.021%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.84	−0.006%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0765%	4h	503.65	−0.044%	$102K	$244K	10x	as long as short