MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.17 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bitget−0.048%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days+0.061%+$6 · spread now −0.048%, 7d avg −0.023%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.025% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSFTUSDT	501.83	0.0017	pay 0.0017% / 8h	2h 58m	$3.8M	$2.2M	100x
Short	Gate MSFT_USDT	501.59	0	get 0.0000% / 8h	2h 58m	$3.1M	$1.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.048%Rate

Funding earned: −$3.57
Price spread: −0.048% → −0.023%: −$2.53
Slippage, 4 orders: −$16.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$49.48
Costs to cover: 0.434%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Gate: 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, 4 min ago	0.30 bp	7.7 bp −$8	11.4 bp −$114	39.2 bp −$3,922	doesn't fit
Sell Gate live order book, 5 min ago	4.29 bp	13.3 bp −$13	49.3 bp −$493	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	−0.0151%	4h	501.98	+0.029%	$102K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	501.71	−0.024%	$689K	$431K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.73	−0.020%	$160K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.78	−0.010%	$371K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.85	+0.003%	$15.7M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.88	+0.010%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.74	−0.018%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDTshort	0.0000%	8h	501.59	−0.048%	$3.1M	$1.5M	100x
Variational Omni MSFT	0.0000%	8h	501.95	+0.024%	$1.3M	$729K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.00	+0.033%	$18K	$340K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	502.57	+0.147%	$6K	$4.4M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.75	−0.016%	$59K	$231K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.01	+0.036%	$2.2M	$753K	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0009%	1h	501.53	−0.060%	$27K	$115K	10x	as long as short
BloFin MSFT-USDT	+0.0015%	8h	501.92	+0.018%	$189K	$209K	20x	as long as short
Bitget MSFTUSDTlong	+0.0017%	8h	501.83	long leg	$3.8M	$2.2M	100x
QFEX MSFT-USD	+0.0031%	1h	501.79	−0.008%	$1.2M	$5.7M	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.67	−0.032%	$659K	$2.1M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.63	−0.040%	—	—	25x	as long as short
Hotstuff MSFT-PERP	+0.0048%	1h	501.35	−0.096%	$32K	$8K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.38	−0.090%	$22.2M	$9.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.38	−0.090%	$304K	$676K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.79	−0.008%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	501.65	−0.035%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.42	−0.082%	$515K	$479K	15x	as long as short
Phoenix MSFT	+0.0064%	1h	501.75	−0.016%	$10K	$15K	20x	as long as short
Nado MSFT-PERP	+0.0065%	1h	501.41	−0.084%	$415K	$62K	20x	as long as short
Lighter MSFT	+0.0088%	1h	501.76	−0.014%	$1.1M	$653K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.50	−0.066%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.51	−0.064%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.80	−0.006%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.80	−0.005%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.17	+0.068%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0531%	1h	501.78	−0.010%	$109K	$78K	10x	as long as short