MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.06 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget+0.143%7-day average +0.157% · you sell dearer than you buy

Net, funding: paid 7d − costs−$236as in the Funding arb table

Net, price: spread back to 7d avg − costs−$236as in the Price arb table

costs, in and out, $10k−$2352.345% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 3 days (all we have)+0.048%+$5 · spread now +0.143%, 7d avg +0.157%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSFTUSDT	501.98	0.0006	pay 0.0006% / 8h	1h 34m	$3.8M	$2.2M	100x
Short	SunX MSFT-USDT	502.70	0	get 0.0000% / 8h	1h 34m	$6K	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.143%Rate

Funding earned: −$1.26
Price spread: +0.143% → +0.157%: −$1.39
Slippage, 4 orders: −$214.52
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$237.17
Costs to cover: 2.345%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; SunX: 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 Bitget live order book, 3 min ago	1.20 bp	7.2 bp −$7	10.4 bp −$104	36.0 bp −$3,603	doesn't fit
Sell SunX live order book, 3 min ago	29.23 bp	104.3 bp −$104	doesn't fit	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
BloFin MSFT-USDT	−0.0006%	8h	501.92	−0.012%	$187K	$209K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.00	+0.003%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.87	−0.023%	$343K	$398K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.96	−0.003%	$15.7M	$19.3M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.96	−0.004%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.71	−0.054%	$3.1M	$1.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.99	+0.002%	$1.3M	$708K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.08	+0.019%	$18K	$319K	10x	as long as short
SunX MSFT-USDTshort	0.0000%	8h	502.70	+0.143%	$6K	$4.4M	20x
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.58	−0.080%	$688K	$449K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MSFT-USDT	0.0000%	8h	501.82	−0.032%	$59K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.93	−0.010%	$2.2M	$763K	10x	as long as short
Bitget MSFTUSDTlong	+0.0006%	8h	501.98	long leg	$3.8M	$2.2M	100x
Bybit MSFTUSDT	+0.0023%	8h	501.96	−0.004%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.80	−0.036%	$653K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	501.94	−0.008%	$1.2M	$5.8M	10x	as long as short
Hotstuff MSFT-PERP	+0.0040%	1h	501.57	−0.082%	$32K	$8K	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.74	−0.048%	—	—	25x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0049%	1h	501.67	−0.062%	$27K	$104K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.47	−0.102%	$22.3M	$9.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.47	−0.102%	$305K	$682K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.82	−0.032%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.60	−0.076%	$529K	$493K	15x	as long as short
Nado MSFT-PERP	+0.0052%	1h	501.55	−0.086%	$414K	$64K	20x	as long as short
Paradex MSFT-USD-PERP	+0.0064%	8h	501.79	−0.037%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.69	−0.058%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.47	−0.102%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.56	−0.084%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.83	−0.030%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.86	−0.023%	$55	—	10x	as long as short
edgeX MSFTUSDC	+0.0111%	4h	502.06	+0.017%	$102K	$243K	10x	as long as short
Lighter MSFT	+0.0176%	1h	501.97	−0.002%	$1.1M	$589K	20x	as long as short
Arcus MSFT-USD	+0.0200%	1h	501.85	−0.026%	$103K	$99K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.34	+0.072%	$115K	$45K	30x	as long as short