MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.18 per $10,000 · paid last 24h +0.006%

Price spread now: Binance against Bybit−0.010%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 2 days (all we have)+0.028%+$3 · spread now −0.010%, 7d avg +0.017%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.027% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MSFTUSDT	502.18	0.0018	pay 0.0018% / 8h	1h 09m	$7.4M	$1.7M	100x
Short	Binance MSFTUSDT	502.13	0	get 0.0000% / 8h	1h 09m	$15.7M	$19.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.010%Rate

Funding earned: −$3.76
Price spread: −0.010% → +0.017%: −$2.74
Slippage, 4 orders: −$13.86
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$41.36
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 1 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 Bybit live order book, 4 min ago	1.20 bp	9.7 bp −$10	16.1 bp −$161	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.10 bp	7.2 bp −$7	12.1 bp −$121	48.9 bp −$4,895	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	0.0000%	1h	501.86	−0.064%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.17	−0.002%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.03	−0.030%	$337K	$392K	17x	as long as short
Binance MSFTUSDTshort	0.0000%	8h	502.13	−0.010%	$15.7M	$19.2M	20x
OKX MSFT-USDT-SWAP	0.0000%	8h	502.21	+0.006%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.89	−0.058%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.13	−0.010%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.07	−0.022%	$1.3M	$702K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.07	−0.022%	$19K	$309K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.90	+0.143%	$6K	$4.3M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.84	−0.068%	$27K	$101K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.58	−0.119%	$688K	$449K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.04	−0.028%	$59K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.28	+0.020%	$2.2M	$756K	10x	as long as short
Bybit MSFTUSDTlong	+0.0018%	8h	502.18	long leg	$7.4M	$1.7M	100x
BloFin MSFT-USDT	+0.0019%	8h	502.11	−0.014%	$188K	$210K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.01	−0.034%	$649K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	501.95	−0.046%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.91	−0.054%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.73	−0.090%	$22.3M	$9.6M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.64	−0.108%	$305K	$674K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.04	−0.028%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.73	−0.090%	$529K	$493K	15x	as long as short
Hotstuff MSFT-PERP	+0.0056%	1h	501.73	−0.090%	$32K	$8K	20x	as long as short
Paradex MSFT-USD-PERP	+0.0057%	8h	502.00	−0.035%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.79	−0.078%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.59	−0.117%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.91	−0.054%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.01	−0.034%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.05	−0.027%	$55	—	10x	as long as short
Lighter MSFT	+0.0120%	1h	502.19	+0.002%	$1.1M	$590K	20x	as long as short
Arcus MSFT-USD	+0.0200%	1h	502.00	−0.036%	$98K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.30	+0.024%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0793%	4h	502.06	−0.024%	$102K	$242K	10x	as long as short