MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0007%/8h= −0.8% APRnext payment −$0.07 per $10,000 · paid last 24h +0.011%

Price spread now: Binance against Bitget+0.002%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 2 days (all we have)−0.013%−$1 · spread now +0.002%, 7d avg −0.004%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSFTUSDT	501.61	0.0007	pay 0.0007% / 8h	2h 47m	$3.8M	$2.2M	100x
Short	Binance MSFTUSDT	501.62	0	get 0.0000% / 8h	2h 47m	$15.7M	$19.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.002%Rate

Funding earned: −$1.47
Price spread: +0.002% → −0.004%: $0.59
Slippage, 4 orders: −$6.73
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.61
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Binance: live order book, 9 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 Bitget live order book, 1 min ago	0.30 bp	8.3 bp −$8	11.8 bp −$118	44.0 bp −$4,403	doesn't fit
Sell Binance live order book, 9 min ago	0.10 bp	6.8 bp −$7	11.0 bp −$110	47.1 bp −$4,708	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
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	501.71	+0.020%	$689K	$431K	10x	as long as short
Nado MSFT-PERP	−0.0039%	1h	501.48	−0.025%	$415K	$62K	20x	as long as short
BloFin MSFT-USDT	−0.0017%	8h	501.62	+0.002%	$189K	$209K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.11	+0.101%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.58	−0.006%	$371K	$369K	17x	as long as short
Binance MSFTUSDTshort	0.0000%	8h	501.62	+0.002%	$15.7M	$19.2M	20x
Bybit MSFTUSDT	0.0000%	8h	501.68	+0.014%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.59	−0.004%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.31	−0.060%	$3.1M	$1.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.66	+0.009%	$1.3M	$709K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.61	0.000%	$18K	$331K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.34	+0.146%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.61	0.000%	$27K	$108K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.44	−0.034%	$59K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.69	+0.016%	$2.2M	$756K	10x	as long as short
Bitget MSFTUSDTlong	+0.0007%	8h	501.61	long leg	$3.8M	$2.2M	100x
edgeX MSFTUSDC	+0.0010%	4h	501.57	−0.008%	$102K	$243K	10x	as long as short
Lighter MSFT	+0.0032%	1h	501.63	+0.004%	$1.1M	$653K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.49	−0.024%	$658K	$2.1M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.61	0.000%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.26	−0.070%	$22.2M	$9.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.23	−0.076%	$304K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.52	−0.018%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	501.60	−0.002%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.13	−0.096%	$515K	$479K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.61	0.000%	$1.2M	$5.7M	10x	as long as short
Phoenix MSFT	+0.0096%	1h	501.35	−0.052%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.54	−0.014%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.50	−0.022%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.60	−0.002%	$8K	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0104%	1h	501.32	−0.058%	$32K	$8K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.57	−0.008%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.80	+0.038%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0531%	1h	501.60	−0.002%	$109K	$78K	10x	as long as short