MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.26 per $10,000 · paid last 24h −0.014%

Price spread now: Gate against BloFin−0.056%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$420.418% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.056%, 7d avg −0.052%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MSFT-USDT	503.70	−0.0026	get 0.0026% / 8h	1h 19m	$191K	$207K	20x
Short	Gate MSFT_USDT	503.42	0	get 0.0000% / 8h	1h 19m	$3.1M	$1.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.056%Rate

Funding earned: $5.48
Price spread: −0.056% → −0.052%: −$0.39
Slippage, 4 orders: −$14.79
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.7
Costs to cover: 0.418%
Break-even: 53.9 days

Slippage from BloFin: live order book, 57 min ago; Gate: live order book, 4 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 BloFin live order book, 57 min ago	0.10 bp	6.2 bp −$6	10.1 bp −$101	24.3 bp −$2,432	doesn't fit
Sell Gate live order book, 4 min ago	0.89 bp	18.1 bp −$18	57.2 bp −$572	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	−0.0048%	1h	503.66	−0.008%	$682K	$500K	10x	as long as short
BloFin MSFT-USDTlong	−0.0026%	8h	503.70	long leg	$191K	$207K	20x
Aster MSFTUSDT	0.0000%	8h	503.40	−0.059%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.45	−0.050%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.57	−0.026%	$15.8M	$19.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.42	−0.056%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.79	+0.018%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDTshort	0.0000%	8h	503.42	−0.056%	$3.1M	$1.8M	100x
Bitget MSFTUSDT	0.0000%	8h	503.76	+0.012%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.75	+0.009%	$1.3M	$499K	—	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	503.76	+0.012%	$19K	$328K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.43	+0.145%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.33	−0.073%	$27K	$44K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.41	−0.058%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.61	−0.018%	$2.2M	$822K	10x	as long as short
Nado MSFT-PERP	+0.0029%	1h	503.36	−0.068%	$414K	$67K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.34	−0.071%	$700K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.54	−0.032%	$1.2M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.44	−0.052%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.67	−0.006%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.17	−0.105%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.24	−0.091%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.42	−0.056%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.36	−0.068%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0059%	8h	503.52	−0.036%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.43	−0.054%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.10	−0.119%	$1.6M	$60K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.21	−0.097%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.46	−0.048%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.44	−0.052%	$55	—	10x	as long as short
Lighter MSFT	+0.0168%	1h	503.63	−0.014%	$1.2M	$517K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.04	+0.068%	$115K	$45K	30x	as long as short
Hotstuff MSFT-PERP	+0.0232%	1h	503.19	−0.101%	$32K	$8K	20x	as long as short
edgeX MSFTUSDC	+0.0765%	4h	503.60	−0.019%	$102K	$243K	10x	as long as short