data as of
Settings8H · net · $10k
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Funding arb /

MSFT

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Funding spread now, next payment 16:00 UTC+0.0006%/8h
paid, last 24h−0.010%paid, last 3 days−0.067%to open and close $10k−$33
Long on BloFinShort on Nado
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MSFT-USDT492.04−0.0002get 0.0002% / 8h26m 55s$197K$146K20x
ShortNado MSFT-PERP491.530.0004get 0.0000% / 1h26m 55s$457K$4K20x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$1.22
Slippage, 4 orders
−$13.6
Fee BloFin: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$31.37
Break-even
186.4 days
Slippage from BloFin: live order book, 14 min ago; Nado: live order book, 22 min ago.

Price risk

price view
Price gap now
−0.104%
Avg gap 7d
−0.044%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 14 min ago0.10 bp9.1 bp −$911.5 bp −$11523.6 bp −$2,361doesn't fit
Sell Nado live order book, 22 min ago0.61 bp6.7 bp −$715.3 bp −$153doesn't fitdoesn't fit

MSFT on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
edgeX MSFTUSDC−0.0362%4h$100K$243K10xas long as short
Hotstuff MSFT-PERP−0.0056%1h$40K—20xas long as short
Coinbase International MSFT-PERP-INTX−0.0008%1h$663K$333K10xas long as short
BloFin MSFT-USDTlong−0.0002%8h$197K$146K20x
Aster MSFTUSDT0.0000%8h$154K$80K20xas long as short
Bybit MSFTUSDT0.0000%8h$7.4M$1.1M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h$3.1M$1.4M20xas long as short
Gate MSFT_USDT0.0000%8h$3.0M$1.1M100xas long as short
Bitget MSFTUSDT0.0000%8h$3.7M$1.6M100xas long as short
Variational Omni MSFT0.0000%8h$1.2M$690K—as long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
SunX MSFT-USDT0.0000%8h$6K$4.0M20xas long as short
HTX MSFT-USDT0.0000%8h$57K$229K20xas long as short
Phemex MSFTUSDT0.0000%8h$2.1M$493K10xas long as short
Nado MSFT-PERPshort+0.0004%1h$457K$4K20x
Binance MSFTUSDT+0.0005%8h$15.6M$13.5M20xas long as short
Extended MSFT_24_5-USD+0.0008%1h$327K$380K17xas long as short
Deribit MSFT_USDC-PERPETUAL+0.0015%1h$27K$105K10xas long as short
Lighter MSFT+0.0032%1h$1.1M$533K20xas long as short
Lighter RH MSFT+0.0032%1h$679K$2.0M20xas long as short
Vest MSFT-USD-PERP+0.0046%1h——25xas long as short
tradeXYZ xyz:MSFT+0.0050%1h$21.9M$7.3M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h$287K$472K10xas long as short
SoDEX MSFT-USD+0.0050%1h$59K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h$535K$373K15xas long as short
Paradex MSFT-USD-PERP+0.0052%8h$216—5xas long as short
QFEX MSFT-USD+0.0052%1h$1.1M$3.5M10xas long as short
Phoenix MSFT+0.0065%1h$10K$15K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h$1.4M$7K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h$157K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h$8K—10xas long as short
Aevo MSFT-PERP+0.0104%1h$54—10xas long as short
Injective MSFT/USDC PERP+0.0220%1h$113K$154K30xas long as short
Arcus MSFT-USD+0.0325%1h$112K$48K10xas long as short