MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.4% APRnext payment −$0.32 per $10,000 · paid last 24h −0.005%

Price spread now: GRVT against Bybit−0.016%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

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

costs, in and out, $10k−$350.352% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.008%+$1 · spread now −0.016%, 7d avg +0.012%

Together, before fees+0.005%+ Points / potential airdropGRVT: Active · farm board+$1 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 GRVT is 0.028% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MSFTUSDT	501.82	0.0032	pay 0.0032% / 8h	1m 11s	$7.4M	$1.7M	100x
Short	GRVT MSFT_USDT_Perp	501.74	0	get 0.0000% / 8h	1m 11s	$18K	$294K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$6.61
Price spread: −0.016% → +0.012%: −$2.76
Slippage, 4 orders: −$15.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$44.53
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from Bybit: live order book, 7 min ago; GRVT: live order book, 11 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, 7 min ago	0.50 bp	8.7 bp −$9	17.4 bp −$174	doesn't fit	doesn't fit
Sell GRVT live order book, 11 min ago	1.10 bp	6.9 bp −$7	11.8 bp −$118	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
Nado MSFT-PERP	−0.0018%	1h	501.40	−0.084%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.76	−0.012%	$687K	$449K	10x	as long as short
Hotstuff MSFT-PERP	−0.0008%	1h	501.32	−0.100%	$32K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.79	−0.005%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.67	−0.031%	$337K	$387K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.80	−0.005%	$15.6M	$19.0M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.85	+0.006%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.48	−0.068%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.82	0.000%	$3.8M	$2.3M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.66	−0.032%	$1.3M	$692K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perpshort	0.0000%	8h	501.74	−0.016%	$18K	$294K	10x
SunX MSFT-USDT	0.0000%	8h	502.48	+0.132%	$6K	$4.3M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.66	−0.032%	$59K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.06	+0.048%	$2.2M	$746K	10x	as long as short
BloFin MSFT-USDT	+0.0002%	8h	501.76	−0.012%	$188K	$209K	20x	as long as short
Bybit MSFTUSDTlong	+0.0032%	8h	501.82	long leg	$7.4M	$1.7M	100x
Lighter RH MSFT	+0.0032%	1h	501.68	−0.028%	$619K	$2.1M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.54	−0.056%	—	$1K	25x	as long as short
QFEX MSFT-USD	+0.0049%	1h	501.65	−0.034%	$1.2M	$5.9M	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.41	−0.082%	$22.3M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.30	−0.104%	$303K	$678K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.69	−0.026%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.23	−0.118%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	501.59	−0.045%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.37	−0.090%	$10K	$15K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0089%	1h	501.64	−0.036%	$27K	$102K	10x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.17	−0.130%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.46	−0.072%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.61	−0.042%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.64	−0.035%	$55	—	10x	as long as short
edgeX MSFTUSDC	+0.0150%	4h	501.63	−0.037%	$102K	$243K	10x	as long as short
Lighter MSFT	+0.0160%	1h	501.93	+0.022%	$1.1M	$586K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.31	+0.098%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0286%	1h	501.61	−0.042%	$97K	$109K	10x	as long as short