Funding you earn now, next payment 06:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.052%
Price spread now: Injective against BloFin+0.088%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs+$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$370.369% of the position
Funding, last 7 days+0.403%+$40 on $10k
+Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.088%, 7d avg −0.060%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Injective is 0.147% dearer against BloFin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.060%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSFT-USDT | 502.80 | 0.0008 | pay 0.0008% / 8h | 2h 47m | $190K | $205K | 20x |
| Short | Injective MSFT/USDC PERP | 503.24 | 0.0220 | get 0.0028% / 1h | 47m 57s | $115K | $45K | 30x |
BloFin MSFT-USDT
Injective MSFT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BloFin. 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
- $44.43
- Price spread: +0.088% → −0.060%
- $14.72
- Slippage, 4 orders
- −$24.92
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $22.21
- Costs to cover
- 0.369%
- Break-even
- 3.5 days
Slippage from BloFin: live order book, 33 min ago; Injective: live order book, 1 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, 33 min ago | 0.20 bp | 8.8 bp −$9 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell Injective live order book, 1 min ago | 10.05 bp | 10.1 bp −$10 | 10.1 bp −$101 | 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 | −0.0922% | 4h | 503.11 | +0.062% | $102K | $243K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 502.41 | −0.078% | $684K | $454K | 10x | as long as short |
| Nado MSFT-PERP | −0.0002% | 1h | 502.49 | −0.063% | $412K | $66K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.59 | −0.042% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.64 | −0.031% | $341K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.85 | +0.010% | $15.8M | $19.2M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.57 | −0.046% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.08 | +0.056% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 502.56 | −0.048% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 502.71 | −0.018% | $4.2M | $2.7M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 502.78 | −0.005% | $1.3M | $493K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.91 | +0.022% | $18K | $311K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 503.60 | +0.159% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 502.52 | −0.056% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.72 | −0.016% | $58K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.19 | +0.078% | $2.2M | $791K | 10x | as long as short |
| BloFin MSFT-USDTlong | +0.0008% | 8h | 502.80 | long leg | $190K | $205K | 20x | |
| Phoenix MSFT | +0.0016% | 1h | 502.53 | −0.054% | $11K | $15K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 502.54 | −0.052% | $678K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 502.67 | −0.026% | $1.1M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 502.63 | −0.034% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 502.67 | −0.026% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 502.40 | −0.080% | $22.2M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 502.40 | −0.080% | $303K | $713K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.59 | −0.042% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 502.40 | −0.080% | $512K | $463K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 502.71 | −0.019% | $221 | — | 5x | as long as short |
| Hotstuff MSFT-PERP | +0.0072% | 1h | 502.39 | −0.082% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.55 | −0.050% | $1.6M | $57K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.63 | −0.034% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 502.65 | −0.030% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 502.68 | −0.024% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0112% | 1h | 502.82 | +0.004% | $1.2M | $495K | 20x | as long as short |
| Injective MSFT/USDC PERPshort | +0.0220% | 1h | 503.24 | +0.088% | $115K | $45K | 30x |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
Lighter RH MSFT
QFEX MSFT-USD
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
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT