MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.014%

Price spread now: BloFin against SunX−0.129%55s7-day average −0.148% · you buy dearer than you sell

Net, funding: paid 7d − costs−$227as 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−$2312.314% of the position

Long on SunX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.129%, 7d avg −0.148%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.148%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 55 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	SunX MSFT-USDT	504.75	0	get 0.0000% / 8h	1h 33m	$6K	$3.9M	20x
Short	BloFin MSFT-USDT	504.10	0.0012	get 0.0012% / 8h	1h 33m	$190K	$206K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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 SunXbpFee BloFinbpOrdersPrice spread, now −0.129%Rate

Funding earned: $2.55
Price spread: −0.129% → −0.148%: $1.94
Slippage, 4 orders: −$211.36
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$226.87
Costs to cover: 2.314%
Break-even: 629.0 days

Slippage from SunX: live order book, 5 min ago; BloFin: live order book, 42 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 SunX live order book, 5 min ago	29.51 bp	111.3 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 42 min ago	0.10 bp	8.3 bp −$8	12.2 bp −$122	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
edgeX MSFTUSDC	−0.0088%	4h	503.94	−0.160%	$103K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	−0.216%	$682K	$500K	10x	as long as short
Hotstuff MSFT-PERP	−0.0016%	1h	503.54	−0.240%	$32K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.81	−0.187%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.90	−0.169%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.02	−0.145%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.79	−0.190%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.93	−0.162%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.79	−0.190%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.97	−0.155%	$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	504.01	−0.147%	$1.3M	$499K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.01	−0.147%	$19K	$328K	10x	as long as short
SunX MSFT-USDTlong	0.0000%	8h	504.75	long leg	$6K	$3.9M	20x
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.75	−0.198%	$27K	$43K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.90	−0.168%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.14	−0.121%	$2.2M	$821K	10x	as long as short
BloFin MSFT-USDTshort	+0.0012%	8h	504.10	−0.129%	$190K	$206K	20x
Nado MSFT-PERP	+0.0013%	1h	503.72	−0.204%	$415K	$67K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.81	−0.186%	$689K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.91	−0.166%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.71	−0.206%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.88	−0.172%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.54	−0.240%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.68	−0.212%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.83	−0.182%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.54	−0.240%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0057%	8h	503.86	−0.177%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.69	−0.210%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.45	−0.258%	$1.6M	$60K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.64	−0.220%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.87	−0.174%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.93	−0.163%	$55	—	10x	as long as short
Lighter MSFT	+0.0128%	1h	504.07	−0.135%	$1.2M	$514K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.21	−0.107%	$115K	$45K	30x	as long as short