MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0029%/8h= +3.1% APRnext payment +$0.29 per $10,000 · paid last 24h +0.008%

Price spread now: BloFin against Variational Omni−0.024%71s7-day average +0.020% · you buy dearer than you sell

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

Long on Variational Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.023%+$2 on $10k

Price spread, last 3 days (all we have)+0.120%+$12 · spread now −0.024%, 7d avg +0.020%

Together, before fees+0.144%+ Points / potential airdropVariational Omni: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.045% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.020%). If the spread goes back, that is −$4 on $10k: about 5.2 days of funding at the current rate (+$1 a day). The two prices were read 71 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	Variational Omni MSFT	501.82	0	get 0.0000% / 8h	2h 26m	$1.3M	$726K	—
Short	BloFin MSFT-USDT	501.70	0.0029	get 0.0029% / 8h	2h 26m	$189K	$209K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. 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 Variational OmnibpFee BloFinbpOrdersPrice spread, now −0.024%Rate

Funding earned: $6.04
Price spread: −0.024% → +0.020%: −$4.45
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$10.42
Costs to cover: 0.120%
Break-even: 19.1 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; BloFin: live order book, 56 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 Variational Omni RFQ quote, 3 min ago	2.53 bp	doesn't fit	17.3 bp −$173	doesn't fit	doesn't fit
Sell BloFin live order book, 56 min ago	0.20 bp	7.1 bp −$7	8.5 bp −$85	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
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	501.53	−0.058%	$689K	$433K	10x	as long as short
Hotstuff MSFT-PERP	−0.0032%	1h	501.37	−0.090%	$32K	$8K	20x	as long as short
Nado MSFT-PERP	−0.0024%	1h	501.51	−0.063%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.94	+0.024%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.62	−0.040%	$372K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.67	−0.030%	$15.7M	$19.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.83	+0.002%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.69	−0.026%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.54	−0.056%	$3.1M	$1.5M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.69	−0.026%	$3.8M	$2.2M	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 MSFTlong	0.0000%	8h	501.82	long leg	$1.3M	$726K	—
GRVT MSFT_USDT_Perp	0.0000%	8h	501.67	−0.030%	$18K	$330K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.43	+0.121%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.52	−0.060%	$27K	$104K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.49	−0.066%	$59K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.80	−0.004%	$2.2M	$762K	10x	as long as short
BloFin MSFT-USDTshort	+0.0029%	8h	501.70	−0.024%	$189K	$209K	20x
Lighter MSFT	+0.0032%	1h	501.68	−0.028%	$1.1M	$653K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.58	−0.048%	$663K	$2.2M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.70	−0.024%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.40	−0.084%	$22.2M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.31	−0.102%	$309K	$683K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.63	−0.038%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	501.67	−0.030%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.25	−0.114%	$521K	$485K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.69	−0.026%	$1.2M	$5.7M	10x	as long as short
Phoenix MSFT	+0.0096%	1h	501.57	−0.050%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.23	−0.118%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.29	−0.106%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.59	−0.046%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.66	−0.032%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.03	+0.041%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0333%	4h	501.77	−0.011%	$102K	$244K	10x	as long as short
Arcus MSFT-USD	+0.0531%	1h	501.55	−0.054%	$109K	$90K	10x	as long as short