MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.28 per $10,000 · paid last 24h −0.013%

Price spread now: SunX against BloFin+0.148%175s7-day average +0.148% · you sell dearer than you buy

Net, funding: paid 7d − costs−$235as 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−$2322.320% of the position

Long on BloFin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 3 days (all we have)+0.008%+$1 · spread now +0.148%, 7d avg +0.148%

Together, before fees−0.026%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.148%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 175 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	501.33	−0.0028	get 0.0028% / 8h	6h 46m	$189K	$204K	20x
Short	SunX MSFT-USDT	502.07	0	get 0.0000% / 8h	6h 46m	$6K	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.148%Rate

Funding earned: $5.79
Price spread: +0.148% → +0.148%: −$0.08
Slippage, 4 orders: −$211.99
Fee BloFin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$226.28
Costs to cover: 2.320%
Break-even: 280.4 days

Slippage from BloFin: live order book, 14 min ago; SunX: live order book, 12 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, 14 min ago	1.20 bp	8.8 bp −$9	13.9 bp −$139	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	29.18 bp	103.7 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
edgeX MSFTUSDC	−0.0949%	4h	501.27	−0.012%	$102K	$243K	10x	as long as short
Hotstuff MSFT-PERP	−0.0080%	1h	500.80	−0.106%	$32K	$8K	20x	as long as short
Nado MSFT-PERP	−0.0029%	1h	500.97	−0.072%	$414K	$64K	20x	as long as short
BloFin MSFT-USDTlong	−0.0028%	8h	501.33	long leg	$189K	$204K	20x
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	500.76	−0.114%	$684K	$449K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.30	−0.007%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.17	−0.031%	$342K	$898K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.30	−0.006%	$15.6M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.16	−0.034%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.42	+0.018%	$3.0M	$2.3M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MSFT_USDT	0.0000%	8h	500.96	−0.074%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.27	−0.012%	$4.3M	$2.4M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.24	−0.018%	$1.3M	$677K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.31	−0.004%	$19K	$293K	10x	as long as short
SunX MSFT-USDTshort	0.0000%	8h	502.07	+0.148%	$6K	$4.1M	20x
HTX MSFT-USDT	0.0000%	8h	501.13	−0.040%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.51	+0.036%	$2.2M	$758K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.05	−0.056%	$620K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	501.18	−0.030%	$1.1M	$5.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.10	−0.046%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.08	−0.050%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.86	−0.094%	$22.1M	$9.2M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.92	−0.082%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.17	−0.032%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.95	−0.076%	$513K	$502K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	501.11	−0.043%	$220	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	500.97	−0.072%	$10K	$15K	20x	as long as short
Lighter MSFT	+0.0096%	1h	501.29	−0.008%	$1.1M	$487K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.82	−0.102%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.80	−0.106%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.19	−0.028%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.16	−0.034%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.56	+0.046%	$115K	$45K	30x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0389%	1h	501.22	−0.022%	$27K	$41K	10x	as long as short