Funding you earn now, next payment 01:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.004%
Price spread now: BloFin against Extended+0.025%54s7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as 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−$260.263% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 3 days (all we have)+0.033%+$3 · spread now +0.025%, 7d avg +0.035%
=Together, before fees+0.053%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 54 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 | Extended MSFT_24_5-USD | 501.30 | 0 | get 0.0000% / 1h | 6m 13s | $342K | $905K | 17x |
| Short | BloFin MSFT-USDT | 501.42 | 0.0020 | get 0.0020% / 8h | 7h 06m | $188K | $205K | 20x |
Extended MSFT_24_5-USD
BloFin MSFT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Extended. 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
- $4.17
- Price spread: +0.025% → +0.035%
- −$1.04
- Slippage, 4 orders
- −$9.34
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$23.2
- Costs to cover
- 0.263%
- Break-even
- 45.9 days
Slippage from Extended: live order book, 2 min ago; BloFin: live order book, 59 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 Extended live order book, 2 min ago | 0.70 bp | 6.0 bp −$6 | 38.6 bp −$386 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 59 min ago | 0.10 bp | 6.5 bp −$7 | 9.3 bp −$93 | 22.4 bp −$2,242 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0619% | 4h | 501.32 | +0.005% | $102K | $242K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 501.03 | −0.053% | $685K | $454K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.46 | +0.033% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USDlong | 0.0000% | 1h | 501.30 | long leg | $342K | $905K | 17x | |
| Binance MSFTUSDT | 0.0000% | 8h | 501.42 | +0.025% | $15.6M | $18.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.24 | −0.011% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.51 | +0.043% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.29 | −0.001% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.42 | +0.025% | $3.8M | $2.1M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.37 | +0.015% | $1.3M | $690K | — | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
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 | 501.41 | +0.023% | $19K | $293K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.19 | +0.178% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.11 | −0.037% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.38 | +0.017% | $58K | $227K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.74 | +0.089% | $2.2M | $760K | 10x | as long as short |
| Nado MSFT-PERP | +0.0011% | 1h | 501.19 | −0.022% | $414K | $64K | 20x | as long as short |
| BloFin MSFT-USDTshort | +0.0020% | 8h | 501.42 | +0.025% | $188K | $205K | 20x | |
| Lighter RH MSFT | +0.0032% | 1h | 501.26 | −0.007% | $617K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0044% | 1h | 501.39 | +0.019% | $1.1M | $5.8M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.30 | +0.001% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 500.97 | −0.065% | $22.1M | $9.2M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.04 | −0.051% | $303K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.35 | +0.011% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.92 | −0.075% | $514K | $503K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 501.34 | +0.008% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.07 | −0.045% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.28 | −0.003% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.87 | −0.085% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.28 | −0.003% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.26 | −0.007% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0112% | 1h | 501.53 | +0.047% | $1.1M | $486K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0176% | 1h | 500.99 | −0.061% | $32K | $8K | 20x | as long as short |
| Arcus MSFT-USD | +0.0212% | 1h | 501.23 | −0.013% | $97K | $109K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.76 | +0.093% | $115K | $45K | 30x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Nado MSFT-PERP
Lighter RH MSFT
QFEX MSFT-USD
Vest MSFT-USD-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
Hotstuff MSFT-PERP
Arcus MSFT-USD
Injective MSFT/USDC PERP