MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.23 per $10,000 · paid last 24h −0.014%

Price spread now: HTX against BloFin−0.014%59s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.344% of the position

Long on BloFin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.014%, 7d avg −0.028%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MSFT-USDT	503.65	−0.0023	get 0.0023% / 8h	16m 15s	$191K	$206K	20x
Short	HTX MSFT-USDT	503.58	0	get 0.0000% / 8h	16m 15s	$59K	$225K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $4.82
Price spread: −0.014% → −0.028%: $1.44
Slippage, 4 orders: −$10.39
Fee BloFin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$28.13
Costs to cover: 0.344%
Break-even: 47.9 days

Slippage from BloFin: live order book, 54 min ago; HTX: live order book, 20 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, 54 min ago	0.10 bp	8.6 bp −$9	11.1 bp −$111	doesn't fit	doesn't fit
Sell HTX live order book, 20 min ago	2.68 bp	8.7 bp −$9	13.4 bp −$134	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
Nado MSFT-PERP	−0.0048%	1h	503.56	−0.018%	$415K	$67K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	−0.0028%	1h	503.39	−0.052%	$27K	$44K	10x	as long as short
BloFin MSFT-USDTlong	−0.0023%	8h	503.65	long leg	$191K	$206K	20x
Aster MSFTUSDT	0.0000%	8h	503.75	+0.020%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.54	−0.022%	$339K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.64	−0.002%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.36	−0.058%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.66	+0.002%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.38	−0.054%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.62	−0.006%	$3.8M	$2.9M	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	503.52	−0.026%	$1.3M	$404K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.58	−0.013%	$19K	$322K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.42	+0.153%	$6K	$3.8M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	503.16	−0.097%	$681K	$447K	10x	as long as short
HTX MSFT-USDTshort	0.0000%	8h	503.58	−0.014%	$59K	$225K	20x
Phemex MSFTUSDT	0.0000%	8h	503.76	+0.022%	$2.2M	$818K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0001%	1h	503.19	−0.091%	$22.4M	$8.9M	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.61	−0.008%	$1.2M	$532K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.47	−0.036%	$708K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.52	−0.026%	$1.1M	$4.6M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.34	−0.062%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.79	+0.028%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.31	−0.068%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.52	−0.026%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.24	−0.081%	$513K	$429K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	503.59	−0.011%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.38	−0.054%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.94	−0.141%	$1.6M	$69K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.26	−0.077%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.55	−0.020%	$8K	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0104%	1h	503.23	−0.083%	$32K	$8K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.57	−0.015%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.86	+0.240%	$116K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0999%	4h	503.56	−0.018%	$102K	$244K	10x	as long as short