MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.19 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Bybit+0.063%52s7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as 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−$370.368% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.063%, 7d avg +0.031%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.032% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.031%. The two prices were read 52 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	Bybit MSFTUSDT	506.26	0	get 0.0000% / 8h	4h 50m	$7.3M	$2.4M	100x
Short	BloFin MSFT-USDT	506.58	0.0019	get 0.0019% / 8h	4h 50m	$203K	$223K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.063%Rate

Funding earned: $3.95
Price spread: +0.063% → +0.031%: $3.2
Slippage, 4 orders: −$13.83
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$29.68
Costs to cover: 0.368%
Break-even: 59.7 days

Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 48 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, 1 min ago	1.18 bp	11.2 bp −$11	20.3 bp −$203	doesn't fit	doesn't fit
Sell BloFin live order book, 48 min ago	0.10 bp	8.5 bp −$9	10.3 bp −$103	doesn't fit	doesn't fit

MSFT on 34 exchanges

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	−0.0043%	1h	506.39	+0.025%	$413K	$72K	20x	as long as short
Hotstuff MSFT-PERP	−0.0024%	1h	505.78	−0.095%	$33K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	506.31	+0.010%	$714K	$681K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	506.16	−0.020%	$166K	$117K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	506.36	+0.020%	$326K	$2.0M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	506.52	+0.052%	$16.4M	$21.9M	20x	as long as short
Bybit MSFTUSDTlong	0.0000%	8h	506.26	long leg	$7.3M	$2.4M	100x
Gate MSFT_USDT	0.0000%	8h	506.13	−0.026%	$3.2M	$2.0M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	506.32	+0.012%	$4.0M	$3.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	506.43	+0.033%	$1.3M	$418K	—	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	506.04	−0.044%	$19K	$325K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	507.29	+0.203%	$6K	$3.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	506.29	+0.006%	$30K	$46K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	506.38	+0.024%	$49K	$248K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	506.67	+0.081%	$2.3M	$949K	10x	as long as short
BloFin MSFT-USDTshort	+0.0019%	8h	506.58	+0.063%	$203K	$223K	20x
Lighter MSFT	+0.0032%	1h	506.33	+0.014%	$1.2M	$503K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	506.30	+0.008%	$721K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	506.44	+0.036%	$1.2M	$4.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	506.12	−0.028%	$94K	$83K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	506.60	+0.067%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	505.89	−0.073%	$11K	$16K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	506.12	−0.028%	$22.5M	$9.3M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	506.03	−0.045%	$320K	$674K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	506.00	−0.051%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	505.97	−0.057%	$525K	$425K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0057%	8h	506.41	+0.030%	$223	—	5x	as long as short
OKX MSFT-USDT-SWAP	+0.0067%	8h	506.38	+0.024%	$3.2M	$2.8M	20x	as long as short
KuCoin MSFTUSDTM	+0.0082%	8h	505.81	−0.089%	$1.6M	$289K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	505.57	−0.136%	$161K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	506.08	−0.036%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	505.34	−0.182%	$56	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	506.25	−0.002%	$116K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0228%	4h	505.88	−0.075%	$103K	$243K	10x	as long as short