MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0127%/8h= −13.9% APRnext payment −$1.27 per $10,000 · paid last 24h −0.015%

Price spread now: BloFin against Orderly+0.024%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. BloFin is 0.024% dearer against Orderly than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MSFT_USDC_mythos	503.91	0.0100	pay 0.0100% / 8h	1h 30m	$8K	—	10x
Short	BloFin MSFT-USDT	504.03	−0.0027	pay 0.0027% / 8h	1h 30m	$191K	$206K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Orderly. 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 OrderlybpFee BloFinbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$26.61
Price spread: +0.024% → 0.000%: $2.38
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$42.23
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 45 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell BloFin live order book, 45 min ago	0.10 bp	8.3 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0721%	4h	503.94	+0.006%	$103K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	−0.050%	$682K	$500K	10x	as long as short
BloFin MSFT-USDTshort	−0.0027%	8h	504.03	+0.024%	$191K	$206K	20x
Aster MSFTUSDT	0.0000%	8h	503.75	−0.032%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.89	−0.003%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.01	+0.019%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.73	−0.036%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.97	+0.012%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.83	−0.016%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.97	+0.012%	$3.8M	$3.0M	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	503.94	+0.006%	$1.3M	$499K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.03	+0.024%	$18K	$327K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.77	+0.171%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.75	−0.032%	$27K	$43K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.84	−0.014%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.96	+0.010%	$2.2M	$821K	10x	as long as short
Nado MSFT-PERP	+0.0012%	1h	503.72	−0.038%	$415K	$67K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.77	−0.028%	$701K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.93	+0.004%	$1.1M	$4.8M	10x	as long as short
Hotstuff MSFT-PERP	+0.0040%	1h	503.52	−0.077%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.71	−0.040%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.91	0.000%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.53	−0.075%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.70	−0.042%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.83	−0.016%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.54	−0.073%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	503.84	−0.014%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.69	−0.044%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.51	−0.079%	$1.6M	$60K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.48	−0.085%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythoslong	+0.0100%	8h	503.91	long leg	$8K	—	10x
Aevo MSFT-PERP	+0.0104%	1h	503.95	+0.007%	$55	—	10x	as long as short
Lighter MSFT	+0.0136%	1h	504.02	+0.022%	$1.2M	$514K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.21	+0.060%	$115K	$45K	30x	as long as short