Funding you earn now, next payment 07:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.008%
Price spread now: BloFin against Deribit+0.048%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.048% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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 | Deribit MSFT_USDC-PERPETUAL | 503.76 | 0 | get 0.0000% / 1h | 32m 10s | $27K | $43K | 10x |
| Short | BloFin MSFT-USDT | 504.00 | 0.0023 | get 0.0023% / 8h | 1h 32m | $191K | $206K | 20x |
Deribit MSFT_USDC-PERPETUAL
BloFin MSFT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.77
- Price spread: +0.048% → 0.000%
- $4.76
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$9.46
- Costs to cover
- 0.190%
- Break-even
- 20.9 days
Slippage unknown: Deribit: no order-book sample; BloFin: live order book, 43 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 43 min ago | 0.10 bp | 8.3 bp −$8 | 12.2 bp −$122 | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0088% | 4h | 503.94 | +0.036% | $103K | $243K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0048% | 1h | 503.66 | −0.020% | $682K | $500K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.77 | +0.001% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.87 | +0.021% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.03 | +0.053% | $15.8M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.73 | −0.006% | $7.3M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.96 | +0.040% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.83 | +0.014% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.97 | +0.042% | $3.8M | $3.0M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 504.01 | +0.049% | $1.3M | $499K | — | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.01 | +0.049% | $19K | $328K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.78 | +0.202% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUALlong | 0.0000% | 1h | 503.76 | long leg | $27K | $43K | 10x | |
| HTX MSFT-USDT | 0.0000% | 8h | 503.83 | +0.014% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.90 | +0.028% | $2.2M | $821K | 10x | as long as short |
| Nado MSFT-PERP | +0.0012% | 1h | 503.72 | −0.008% | $415K | $67K | 20x | as long as short |
| BloFin MSFT-USDTshort | +0.0023% | 8h | 504.00 | +0.048% | $191K | $206K | 20x | |
| Lighter RH MSFT | +0.0032% | 1h | 503.81 | +0.010% | $701K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0039% | 1h | 503.92 | +0.032% | $1.1M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.71 | −0.010% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.88 | +0.024% | — | $1K | 25x | as long as short |
| Hotstuff MSFT-PERP | +0.0048% | 1h | 503.54 | −0.044% | $32K | $8K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.53 | −0.046% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.68 | −0.016% | $303K | $718K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.83 | +0.014% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.54 | −0.044% | $522K | $476K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 503.85 | +0.018% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.69 | −0.014% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.44 | −0.064% | $1.6M | $60K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.64 | −0.024% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.88 | +0.024% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.92 | +0.032% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0128% | 1h | 504.08 | +0.064% | $1.2M | $514K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.21 | +0.089% | $115K | $45K | 30x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Nado MSFT-PERP
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Hotstuff MSFT-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP