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

MSFT

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC−0.0002%/8h
next payment, per $10,000−$0.02paid, last 24h−0.012%paid, last 7 days−0.032%to open and close $10k−$77
Long on BloFinShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MSFT-USDT494.000.0002pay 0.0002% / 8h1h 23m$191K$127K20x
ShortPhemex MSFTUSDT494.130get 0.0000% / 8h1h 23m$2.1M$432K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$0.52
Slippage, 4 orders
−$53.29
Fee BloFin: 6 bp × 2 orders
−$12
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$77.81
Break-even
never at this rate
Slippage from BloFin: live order book, 23 min ago; Phemex: live order book, 1 min ago.

Price risk

price view
Price gap now
+0.026%
Avg gap 7d
+0.027%
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, 23 min ago0.10 bp8.1 bp −$812.0 bp −$120doesn't fitdoesn't fit
Sell Phemex live order book, 1 min ago1.11 bp35.2 bp −$35doesn't fitdoesn't fitdoesn't fit

MSFT on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hotstuff MSFT-PERP−0.1080%1h$40K—20xas long as short
edgeX MSFTUSDC−0.0564%4h$100K$243K10xas long as short
Nado MSFT-PERP−0.0017%1h$458K$3K20xas long as short
Coinbase International MSFT-PERP-INTX−0.0016%1h$662K$330K10xas long as short
Aster MSFTUSDT0.0000%8h$156K$63K20xas long as short
Extended MSFT_24_5-USD0.0000%1h$329K$380K17xas long as short
Binance MSFTUSDT0.0000%8h$15.7M$12.2M20xas long as short
Bybit MSFTUSDT0.0000%8h$7.2M$956K100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h$3.0M$896K20xas long as short
Gate MSFT_USDT0.0000%8h$3.0M$981K100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget MSFTUSDT0.0000%8h$3.8M$1.5M100xas long as short
Variational Omni MSFT0.0000%8h$1.2M$721K—as long as short
SunX MSFT-USDT0.0000%8h$6K$3.6M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h$27K$99K10xas long as short
HTX MSFT-USDT0.0000%8h$57K$230K20xas long as short
Phemex MSFTUSDTshort0.0000%8h$2.1M$432K10x
BloFin MSFT-USDTlong+0.0002%8h$191K$127K20x
Phoenix MSFT+0.0016%1h$10K$15K20xas long as short
Lighter RH MSFT+0.0032%1h$687K$2.1M20xas long as short
QFEX MSFT-USD+0.0038%1h$1.1M$3.2M10xas long as short
Vest MSFT-USD-PERP+0.0046%1h——25xas long as short
tradeXYZ xyz:MSFT+0.0050%1h$23.1M$5.9M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h$288K$418K10xas long as short
SoDEX MSFT-USD+0.0050%1h$59K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h$539K$370K15xas long as short
Paradex MSFT-USD-PERP+0.0052%8h$217—5xas long as short
Lighter MSFT+0.0056%1h$1.1M$525K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h$1.5M$6K20xas 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
Arcus MSFT-USD+0.0151%1h$112K$49K10xas long as short
Injective MSFT/USDC PERP+0.0220%1h$113K$184K30xas long as short