MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0013%/8h= +1.5% APRnext payment +$0.13 per $10,000 · paid last 24h +0.005%

Price spread now: Bybit against HTX+0.040%53s7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as 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−$400.398% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.040%, 7d avg −0.001%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bybit is 0.041% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.001%. The two prices were read 53 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	501.91	0	get 0.0000% / 8h	1h 42m	$59K	$229K	20x
Short	Bybit MSFTUSDT	502.11	0.0013	get 0.0013% / 8h	1h 42m	$7.4M	$1.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.040%Rate

Funding earned: $2.82
Price spread: +0.040% → −0.001%: $4.11
Slippage, 4 orders: −$16.8
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$32.87
Costs to cover: 0.398%
Break-even: 88.7 days

Slippage from HTX: live order book, 39 min ago; Bybit: 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 HTX live order book, 39 min ago	2.99 bp	10.6 bp −$11	19.7 bp −$197	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.90 bp	11.2 bp −$11	17.9 bp −$179	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
Aster MSFTUSDT	0.0000%	8h	502.01	+0.020%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.94	+0.006%	$372K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.03	+0.024%	$15.7M	$19.3M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.12	+0.042%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.78	−0.026%	$3.1M	$1.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.02	+0.021%	$1.3M	$710K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.09	+0.036%	$18K	$319K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.80	+0.177%	$6K	$4.4M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.58	−0.066%	$688K	$449K	10x	as long as short
HTX MSFT-USDTlong	0.0000%	8h	501.91	long leg	$59K	$229K	20x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex MSFTUSDT	0.0000%	8h	502.33	+0.084%	$2.2M	$767K	10x	as long as short
Bitget MSFTUSDT	+0.0001%	8h	502.07	+0.032%	$3.8M	$2.2M	100x	as long as short
BloFin MSFT-USDT	+0.0007%	8h	502.03	+0.024%	$188K	$210K	20x	as long as short
Hotstuff MSFT-PERP	+0.0008%	1h	501.58	−0.066%	$32K	$8K	20x	as long as short
Bybit MSFTUSDTshort	+0.0013%	8h	502.11	+0.040%	$7.4M	$1.7M	100x
Lighter RH MSFT	+0.0032%	1h	501.86	−0.010%	$653K	$2.1M	20x	as long as short
Nado MSFT-PERP	+0.0040%	1h	501.54	−0.074%	$414K	$64K	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	501.86	−0.010%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.77	−0.028%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.58	−0.066%	$22.3M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.56	−0.070%	$305K	$684K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.94	+0.006%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.64	−0.054%	$529K	$494K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0062%	8h	501.85	−0.012%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.76	−0.030%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.59	−0.064%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.73	−0.036%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.93	+0.004%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.97	+0.013%	$55	—	10x	as long as short
Lighter MSFT	+0.0144%	1h	502.02	+0.022%	$1.1M	$589K	20x	as long as short
edgeX MSFTUSDC	+0.0155%	4h	502.08	+0.034%	$102K	$244K	10x	as long as short
Arcus MSFT-USD	+0.0200%	1h	501.86	−0.010%	$110K	$90K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.34	+0.086%	$115K	$45K	30x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0348%	1h	501.80	−0.022%	$27K	$103K	10x	as long as short