MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0123%/8h= −13.5% APRnext payment −$1.23 per $10,000 · paid last 24h −0.016%

Price spread now: BloFin against KuCoin+0.145%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1371.370% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.145%, 7d avg +0.091%

Together, before fees−0.202%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.054% dearer against KuCoin than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of +0.091%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSFTUSDTM	502.92	0.0100	pay 0.0100% / 8h	17m 14s	$1.6M	$68K	20x
Short	BloFin MSFT-USDT	503.65	−0.0023	pay 0.0023% / 8h	17m 14s	$191K	$206K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now +0.145%Rate

Funding earned: −$25.82
Price spread: +0.145% → +0.091%: $5.42
Slippage, 4 orders: −$112.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$157.37
Costs to cover: 1.370%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; BloFin: live order book, 53 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 KuCoin live order book, 9 min ago	5.67 bp	39.5 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 53 min ago	0.10 bp	7.7 bp −$8	9.7 bp −$97	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	−0.0046%	1h	503.39	+0.094%	$414K	$67K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	−0.0028%	1h	503.35	+0.086%	$27K	$44K	10x	as long as short
BloFin MSFT-USDTshort	−0.0023%	8h	503.65	+0.145%	$191K	$206K	20x
Aster MSFTUSDT	0.0000%	8h	503.79	+0.173%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.55	+0.126%	$339K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.70	+0.155%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.29	+0.074%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.67	+0.149%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.34	+0.084%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.62	+0.139%	$3.8M	$2.9M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	503.52	+0.119%	$1.3M	$404K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.58	+0.132%	$19K	$322K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.35	+0.284%	$6K	$3.8M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	503.16	+0.048%	$681K	$447K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.45	+0.105%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.79	+0.173%	$2.2M	$817K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0002%	1h	503.11	+0.038%	$22.4M	$8.9M	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.62	+0.139%	$1.2M	$532K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.49	+0.113%	$708K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.48	+0.111%	$1.1M	$4.6M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.33	+0.082%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.74	+0.163%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.19	+0.054%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.35	+0.086%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.24	+0.064%	$512K	$429K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	503.47	+0.109%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.38	+0.091%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTMlong	+0.0100%	8h	502.92	long leg	$1.6M	$68K	20x
ApeX Omni MSFTUSDT	+0.0100%	1h	503.26	+0.068%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.52	+0.119%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.53	+0.121%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0112%	1h	503.16	+0.048%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.86	+0.386%	$116K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0999%	4h	503.56	+0.128%	$102K	$244K	10x	as long as short