MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.005%

Price spread now: Gate against Bybit−0.056%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$480.479% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days+0.095%+$10 · spread now −0.056%, 7d avg +0.014%

Together, before fees+0.117%+$12 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 Gate is 0.070% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MSFTUSDT	502.17	0.0019	pay 0.0019% / 8h	1h 22m	$7.4M	$1.7M	100x
Short	Gate MSFT_USDT	501.89	0	get 0.0000% / 8h	1h 22m	$3.1M	$1.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.056%Rate

Funding earned: −$4.09
Price spread: −0.056% → +0.014%: −$7.01
Slippage, 4 orders: −$21.86
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$58.96
Costs to cover: 0.479%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: 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, 1 min ago	1.00 bp	9.8 bp −$10	16.2 bp −$162	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.49 bp	12.1 bp −$12	44.2 bp −$442	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
BloFin MSFT-USDT	−0.0019%	8h	502.17	0.000%	$188K	$210K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.19	+0.003%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.04	−0.027%	$337K	$392K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.13	−0.009%	$15.7M	$19.2M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.21	+0.008%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDTshort	0.0000%	8h	501.89	−0.056%	$3.1M	$1.6M	100x
Variational Omni MSFT	0.0000%	8h	502.08	−0.018%	$1.3M	$708K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.12	−0.010%	$19K	$312K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.90	+0.145%	$6K	$4.3M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.80	−0.074%	$27K	$104K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.58	−0.117%	$688K	$449K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.03	−0.028%	$58K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.40	+0.046%	$2.2M	$759K	10x	as long as short
Bitget MSFTUSDT	+0.0002%	8h	502.17	0.000%	$3.8M	$2.2M	100x	as long as short
Bybit MSFTUSDTlong	+0.0019%	8h	502.17	long leg	$7.4M	$1.7M	100x
Nado MSFT-PERP	+0.0020%	1h	501.92	−0.050%	$414K	$64K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.97	−0.040%	$652K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	501.99	−0.036%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.87	−0.060%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.77	−0.080%	$22.3M	$9.7M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.62	−0.110%	$305K	$676K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.04	−0.026%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.79	−0.076%	$529K	$494K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0060%	8h	502.06	−0.022%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.89	−0.056%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.50	−0.133%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.77	−0.080%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.03	−0.028%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.07	−0.020%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0136%	1h	501.74	−0.086%	$32K	$8K	20x	as long as short
Lighter MSFT	+0.0144%	1h	502.15	−0.004%	$1.1M	$590K	20x	as long as short
edgeX MSFTUSDC	+0.0158%	4h	502.09	−0.017%	$102K	$242K	10x	as long as short
Arcus MSFT-USD	+0.0200%	1h	502.02	−0.030%	$98K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.17	0.000%	$115K	$45K	30x	as long as short