MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.13 per $10,000 · paid last 24h +0.013%

Price spread now: BloFin against HTX+0.040%59s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as 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−$320.319% of the position

Long on HTX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 3 days (all we have)−0.015%−$2 · spread now +0.040%, 7d avg +0.028%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 59 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	HTX MSFT-USDT	501.28	0	get 0.0000% / 8h	7h 09m	$58K	$227K	20x
Short	BloFin MSFT-USDT	501.48	−0.0013	pay 0.0013% / 8h	7h 09m	$188K	$205K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against HTX. 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 HTXbpFee BloFinbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$2.66
Price spread: +0.040% → +0.028%: $1.23
Slippage, 4 orders: −$7.95
Fee HTX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$33.38
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from HTX: live order book, 62 min ago; BloFin: live order book, 56 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 HTX live order book, 62 min ago	2.69 bp	8.7 bp −$9	17.0 bp −$170	doesn't fit	doesn't fit
Sell BloFin live order book, 56 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	−0.0383%	4h	501.35	+0.015%	$102K	$242K	10x	as long as short
BloFin MSFT-USDTshort	−0.0013%	8h	501.48	+0.040%	$188K	$205K	20x
Deribit MSFT_USDC-PERPETUAL	−0.0009%	1h	501.08	−0.040%	$27K	$41K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.24	−0.008%	$685K	$453K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.42	+0.029%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.21	−0.014%	$337K	$900K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.34	+0.012%	$15.6M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.21	−0.014%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.38	+0.020%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.16	−0.024%	$3.1M	$1.7M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.41	+0.026%	$3.8M	$2.1M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.33	+0.010%	$1.3M	$690K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.50	+0.044%	$19K	$293K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.13	+0.170%	$6K	$4.1M	20x	as long as short
HTX MSFT-USDTlong	0.0000%	8h	501.28	long leg	$58K	$227K	20x
Phemex MSFTUSDT	0.0000%	8h	501.86	+0.116%	$2.2M	$760K	10x	as long as short
Nado MSFT-PERP	+0.0013%	1h	501.13	−0.029%	$414K	$64K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.22	−0.012%	$619K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	501.32	+0.008%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.25	−0.006%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.94	−0.068%	$22.1M	$9.2M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.96	−0.064%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.23	−0.010%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.88	−0.080%	$514K	$503K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.18	−0.020%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.07	−0.042%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.24	−0.008%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.98	−0.060%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.25	−0.006%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.22	−0.012%	$55	—	10x	as long as short
Lighter MSFT	+0.0112%	1h	501.44	+0.032%	$1.1M	$486K	20x	as long as short
Hotstuff MSFT-PERP	+0.0176%	1h	500.98	−0.060%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.24	−0.008%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.76	+0.096%	$115K	$45K	30x	as long as short