MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0109%/8h= +11.9% APRnext payment +$1.09 per $10,000 · paid last 24h +0.016%

Price spread now: KuCoin against BloFin−0.171%95s7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as 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−$1781.780% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.171%, 7d avg −0.091%

Together, before fees+0.200%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.080% cheaper against BloFin than usual: you would sell low and buy high (spread −0.171% now, against its 7-day average of −0.091%). If the spread goes back, that is −$8 on $10k: about 2.4 days of funding at the current rate (+$3 a day). The two prices were read 95 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	504.31	−0.0009	get 0.0009% / 8h	1h 49m	$190K	$207K	20x
Short	KuCoin MSFTUSDTM	503.45	0.0100	get 0.0100% / 8h	1h 49m	$1.6M	$58K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.171%Rate

Funding earned: $22.84
Price spread: −0.171% → −0.091%: −$7.97
Slippage, 4 orders: −$154.05
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$163.17
Costs to cover: 1.780%
Break-even: 57.0 days

Slippage from BloFin: live order book, 26 min ago; KuCoin: live order book, 6 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, 26 min ago	0.10 bp	6.2 bp −$6	10.1 bp −$101	24.3 bp −$2,432	doesn't fit
Sell KuCoin live order book, 6 min ago	6.65 bp	99.7 bp −$100	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
edgeX MSFTUSDC	−0.0112%	4h	504.28	−0.005%	$103K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	−0.129%	$682K	$500K	10x	as long as short
BloFin MSFT-USDTlong	−0.0009%	8h	504.31	long leg	$190K	$207K	20x
Aster MSFTUSDT	0.0000%	8h	503.73	−0.115%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.84	−0.094%	$341K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.00	−0.061%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.78	−0.105%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.98	−0.065%	$3.0M	$2.4M	20x	as long as short
Hotstuff MSFT-PERP	0.0000%	1h	503.86	−0.089%	$33K	$8K	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.89	−0.083%	$3.1M	$1.8M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	504.08	−0.046%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.13	−0.035%	$1.3M	$499K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.20	−0.021%	$19K	$327K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.97	+0.131%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.88	−0.085%	$27K	$43K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.92	−0.077%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.19	−0.024%	$2.2M	$818K	10x	as long as short
Nado MSFT-PERP	+0.0008%	1h	504.09	−0.044%	$415K	$67K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.80	−0.101%	$689K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	504.04	−0.054%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.94	−0.073%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.03	−0.056%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.64	−0.133%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.68	−0.125%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.90	−0.081%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.87	−0.087%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0059%	8h	503.86	−0.089%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.94	−0.073%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTMshort	+0.0100%	8h	503.45	−0.171%	$1.6M	$58K	20x
ApeX Omni MSFTUSDT	+0.0100%	1h	504.00	−0.061%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.92	−0.077%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.99	−0.063%	$55	—	10x	as long as short
Lighter MSFT	+0.0112%	1h	504.02	−0.058%	$1.2M	$514K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.13	−0.036%	$115K	$45K	30x	as long as short