MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.13 per $10,000 · paid last 24h +0.005%

Price spread now: Bybit against Bitget+0.026%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

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

costs, in and out, $10k−$390.385% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.026%, 7d avg −0.038%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.064% dearer against Bitget than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.038%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−0.010% in total) that is about 46 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSFTUSDT	501.64	0.0013	pay 0.0013% / 8h	2h 53m	$3.8M	$2.2M	100x
Short	Bybit MSFTUSDT	501.77	0	get 0.0000% / 8h	2h 53m	$7.4M	$1.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$2.73
Price spread: +0.026% → −0.038%: $6.38
Slippage, 4 orders: −$15.51
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$34.85
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago	0.10 bp	7.1 bp −$7	11.5 bp −$115	42.6 bp −$4,261	doesn't fit
Sell Bybit live order book, 5 min ago	0.70 bp	11.7 bp −$12	18.1 bp −$181	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	−0.0310%	4h	501.60	−0.008%	$102K	$242K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	501.71	+0.014%	$689K	$431K	10x	as long as short
Nado MSFT-PERP	−0.0018%	1h	501.33	−0.063%	$415K	$62K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.87	+0.047%	$160K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.62	−0.004%	$371K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.68	+0.007%	$15.7M	$19.1M	20x	as long as short
Bybit MSFTUSDTshort	0.0000%	8h	501.77	+0.026%	$7.4M	$1.7M	100x
OKX MSFT-USDT-SWAP	0.0000%	8h	501.71	+0.014%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.35	−0.058%	$3.1M	$1.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.63	−0.001%	$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	501.63	−0.001%	$18K	$333K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.41	+0.153%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.43	−0.042%	$27K	$108K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.56	−0.016%	$59K	$231K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.05	+0.082%	$2.2M	$756K	10x	as long as short
Bitget MSFTUSDTlong	+0.0013%	8h	501.64	long leg	$3.8M	$2.2M	100x
BloFin MSFT-USDT	+0.0014%	8h	501.68	+0.008%	$189K	$209K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.57	−0.014%	$658K	$2.1M	20x	as long as short
Lighter MSFT	+0.0040%	1h	501.63	−0.002%	$1.1M	$653K	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.62	−0.004%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.31	−0.066%	$22.2M	$9.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.23	−0.082%	$304K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.62	−0.004%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	501.55	−0.019%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.20	−0.088%	$515K	$479K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.60	−0.008%	$1.2M	$5.7M	10x	as long as short
Phoenix MSFT	+0.0096%	1h	501.51	−0.026%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.49	−0.030%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.38	−0.052%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.54	−0.020%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.60	−0.009%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0136%	1h	501.29	−0.070%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.80	+0.032%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0531%	1h	501.55	−0.018%	$109K	$77K	10x	as long as short