Funding you earn now, next payment 06:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.016%
Price spread now: BloFin against ApeX Omni+0.086%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.086%, 7d avg +0.091%
=The price spread sits at its 7-day average of +0.091%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSFTUSDT | 502.19 | 0.0100 | pay 0.0013% / 1h | 44m 46s | $160K | $7K | 50x |
| Short | BloFin MSFT-USDT | 502.62 | −0.0015 | pay 0.0015% / 8h | 2h 44m | $190K | $204K | 20x |
ApeX Omni MSFTUSDT
BloFin MSFT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$24.1
- Price spread: +0.086% → +0.091%
- −$0.52
- Slippage, 4 orders
- −$14.97
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$61.59
- Costs to cover
- 0.370%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 1 min ago; BloFin: live order book, 36 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 ApeX Omni live order book, 1 min ago | 5.08 bp | 10.1 bp −$10 | 52.3 bp −$523 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 36 min ago | 0.20 bp | 8.0 bp −$8 | 10.9 bp −$109 | 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 | −0.0064% | 1h | 502.41 | +0.044% | $684K | $454K | 10x | as long as short |
| BloFin MSFT-USDTshort | −0.0015% | 8h | 502.62 | +0.086% | $190K | $204K | 20x | |
| Aster MSFTUSDT | 0.0000% | 8h | 502.59 | +0.080% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.59 | +0.080% | $341K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.72 | +0.105% | $15.8M | $19.2M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.42 | +0.046% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.73 | +0.108% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 502.46 | +0.054% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 502.78 | +0.117% | $3.8M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 502.53 | +0.067% | $1.3M | $479K | — | as long as short |
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.69 | +0.100% | $18K | $311K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 503.37 | +0.235% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 502.29 | +0.020% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.46 | +0.054% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.96 | +0.153% | $2.2M | $791K | 10x | as long as short |
| Nado MSFT-PERP | +0.0003% | 1h | 502.30 | +0.022% | $411K | $66K | 20x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 502.42 | +0.046% | $11K | $15K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 502.52 | +0.066% | $685K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 502.57 | +0.076% | $1.2M | $4.8M | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0040% | 1h | 502.17 | −0.004% | $32K | $8K | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 502.46 | +0.054% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 502.53 | +0.068% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 502.26 | +0.014% | $22.2M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 502.25 | +0.012% | $302K | $713K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.42 | +0.046% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 502.33 | +0.028% | $511K | $468K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 502.59 | +0.080% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.49 | +0.060% | $1.6M | $57K | 20x | as long as short |
| ApeX Omni MSFTUSDTlong | +0.0100% | 1h | 502.19 | long leg | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 502.49 | +0.060% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 502.48 | +0.057% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0128% | 1h | 502.80 | +0.121% | $1.2M | $506K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.24 | +0.209% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0545% | 4h | 502.75 | +0.112% | $102K | $244K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Nado MSFT-PERP
Phoenix MSFT
Lighter RH MSFT
QFEX MSFT-USD
Hotstuff MSFT-PERP
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
edgeX MSFTUSDC