MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.25 per $10,000 · paid last 24h −0.012%

Price spread now: Gate against BloFin−0.050%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)−0.029%−$3 · spread now −0.050%, 7d avg −0.051%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MSFT-USDT	501.81	0.0025	pay 0.0025% / 8h	2h 28m	$189K	$209K	20x
Short	Gate MSFT_USDT	501.56	0	get 0.0000% / 8h	2h 28m	$3.1M	$1.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.050%Rate

Funding earned: −$5.18
Price spread: −0.050% → −0.051%: $0.15
Slippage, 4 orders: −$12.6
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$44.63
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from BloFin: live order book, 53 min ago; Gate: live order book, 4 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 BloFin live order book, 53 min ago	0.20 bp	7.1 bp −$7	9.7 bp −$97	23.0 bp −$2,299	doesn't fit
Sell Gate live order book, 4 min ago	4.19 bp	12.4 bp −$12	48.2 bp −$482	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
Hotstuff MSFT-PERP	−0.0104%	1h	501.36	−0.090%	$32K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	501.53	−0.056%	$689K	$433K	10x	as long as short
Nado MSFT-PERP	−0.0029%	1h	501.41	−0.079%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.01	+0.040%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.66	−0.030%	$372K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.72	−0.018%	$15.7M	$19.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.87	+0.012%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.94	+0.026%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDTshort	0.0000%	8h	501.56	−0.050%	$3.1M	$1.5M	100x
Bitget MSFTUSDT	0.0000%	8h	501.72	−0.018%	$3.8M	$2.2M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.82	+0.002%	$1.3M	$726K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.67	−0.027%	$18K	$330K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.54	+0.145%	$6K	$4.4M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.71	−0.020%	$59K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.24	+0.086%	$2.2M	$760K	10x	as long as short
BloFin MSFT-USDTlong	+0.0025%	8h	501.81	long leg	$189K	$209K	20x
Lighter MSFT	+0.0032%	1h	501.67	−0.028%	$1.1M	$653K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.57	−0.048%	$662K	$2.2M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.70	−0.022%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.37	−0.088%	$22.2M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.36	−0.090%	$309K	$683K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.66	−0.030%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	501.63	−0.035%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.39	−0.084%	$515K	$479K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.73	−0.016%	$1.2M	$5.7M	10x	as long as short
Phoenix MSFT	+0.0096%	1h	501.57	−0.048%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.19	−0.124%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.29	−0.104%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.63	−0.036%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.72	−0.018%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0129%	1h	501.69	−0.024%	$27K	$104K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.03	+0.044%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0333%	4h	501.77	−0.008%	$102K	$244K	10x	as long as short
Arcus MSFT-USD	+0.0531%	1h	501.59	−0.044%	$109K	$90K	10x	as long as short