MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.014%

Price spread now: BloFin against OKX−0.008%83s7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as 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−$330.325% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.008%, 7d avg +0.018%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.026% cheaper against OKX than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.018%). If the spread goes back, that is −$3 on $10k: about 3.5 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.026% in total) that is about 7.0 days. The two prices were read 83 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	OKX MSFT-USDT-SWAP	501.56	0	get 0.0000% / 8h	4h 23m	$3.0M	$2.3M	20x
Short	BloFin MSFT-USDT	501.52	0.0025	get 0.0025% / 8h	4h 23m	$189K	$204K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now −0.008%Rate

Funding earned: $5.35
Price spread: −0.008% → +0.018%: −$2.65
Slippage, 4 orders: −$10.5
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$29.8
Costs to cover: 0.325%
Break-even: 46.0 days

Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 7 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 OKX live order book, 3 min ago	0.10 bp	7.1 bp −$7	14.2 bp −$142	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	0.20 bp	9.0 bp −$9	10.8 bp −$108	25.5 bp −$2,550	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
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	500.97	−0.118%	$678K	$455K	10x	as long as short
Nado MSFT-PERP	−0.0006%	1h	501.13	−0.085%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.24	−0.064%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.45	−0.022%	$337K	$893K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.58	+0.004%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.20	−0.072%	$7.2M	$2.1M	100x	as long as short
OKX MSFT-USDT-SWAPlong	0.0000%	8h	501.56	long leg	$3.0M	$2.3M	20x
Gate MSFT_USDT	0.0000%	8h	501.30	−0.052%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.39	−0.034%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.34	−0.043%	$1.3M	$616K	—	as long as short

Show 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	−0.030%	$18K	$302K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.24	+0.136%	$6K	$4.0M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.46	−0.020%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.71	+0.030%	$2.2M	$778K	10x	as long as short
BloFin MSFT-USDTshort	+0.0025%	8h	501.52	−0.008%	$189K	$204K	20x
Lighter RH MSFT	+0.0032%	1h	501.24	−0.064%	$675K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	501.34	−0.044%	$1.2M	$5.5M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.17	−0.078%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.28	−0.056%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.15	−0.082%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.01	−0.110%	$22.1M	$8.7M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.11	−0.090%	$302K	$722K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.31	−0.050%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.98	−0.116%	$527K	$456K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	501.38	−0.037%	$221	—	5x	as long as short
Hotstuff MSFT-PERP	+0.0096%	1h	501.00	−0.112%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.12	−0.088%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.86	−0.140%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.37	−0.038%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.43	−0.026%	$55	—	10x	as long as short
Lighter MSFT	+0.0136%	1h	501.49	−0.014%	$1.1M	$499K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.63	+0.014%	$115K	$45K	30x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0249%	1h	501.30	−0.052%	$27K	$41K	10x	as long as short
edgeX MSFTUSDC	+0.0930%	4h	501.35	−0.042%	$102K	$242K	10x	as long as short