MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.30 per $10,000 · paid last 24h −0.006%

Price spread now: Bybit against Binance+0.022%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 2 days (all we have)−0.047%−$5 · spread now +0.022%, 7d avg −0.017%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.039% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSFTUSDT	501.74	0	get 0.0000% / 8h	5m 20s	$15.6M	$19.1M	20x
Short	Bybit MSFTUSDT	501.85	0.0030	get 0.0030% / 8h	5m 20s	$7.4M	$1.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.022%Rate

Funding earned: $6.34
Price spread: +0.022% → −0.017%: $3.85
Slippage, 4 orders: −$11.84
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22.65
Costs to cover: 0.328%
Break-even: 32.0 days

Slippage from Binance: live order book, 6 min ago; Bybit: 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 Binance live order book, 6 min ago	0.30 bp	5.8 bp −$6	10.7 bp −$107	50.0 bp −$5,000	doesn't fit
Sell Bybit live order book, 3 min ago	0.50 bp	11.4 bp −$11	17.7 bp −$177	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
edgeX MSFTUSDC	−0.0978%	4h	501.69	−0.010%	$102K	$243K	10x	as long as short
Nado MSFT-PERP	−0.0021%	1h	501.42	−0.064%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0020%	8h	501.74	0.000%	$188K	$209K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.76	+0.004%	$687K	$449K	10x	as long as short
Hotstuff MSFT-PERP	−0.0008%	1h	501.29	−0.090%	$32K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.78	+0.009%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.64	−0.020%	$337K	$387K	17x	as long as short
Binance MSFTUSDTlong	0.0000%	8h	501.74	long leg	$15.6M	$19.1M	20x
OKX MSFT-USDT-SWAP	0.0000%	8h	501.85	+0.022%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.42	−0.064%	$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	501.76	+0.004%	$3.8M	$2.3M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.68	−0.013%	$1.3M	$692K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.83	+0.018%	$18K	$295K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.51	+0.153%	$6K	$4.3M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.61	−0.026%	$58K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.99	+0.050%	$2.2M	$747K	10x	as long as short
Bybit MSFTUSDTshort	+0.0030%	8h	501.85	+0.022%	$7.4M	$1.7M	100x
Lighter RH MSFT	+0.0032%	1h	501.57	−0.034%	$619K	$2.1M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.54	−0.040%	—	$1K	25x	as long as short
QFEX MSFT-USD	+0.0049%	1h	501.65	−0.018%	$1.2M	$5.9M	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.34	−0.080%	$22.3M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.33	−0.082%	$303K	$678K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.64	−0.020%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.22	−0.104%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	501.62	−0.023%	$221	—	5x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0069%	1h	501.56	−0.036%	$27K	$102K	10x	as long as short
Phoenix MSFT	+0.0080%	1h	501.51	−0.046%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.27	−0.094%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.46	−0.056%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.64	−0.020%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.66	−0.016%	$55	—	10x	as long as short
Lighter MSFT	+0.0160%	1h	501.81	+0.014%	$1.1M	$586K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.31	+0.114%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0286%	1h	501.63	−0.022%	$97K	$109K	10x	as long as short