MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0022%/8h= +2.5% APRnext payment +$0.22 per $10,000 · paid last 24h +0.011%

Price spread now: BloFin against Bybit+0.048%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.048%, 7d avg +0.030%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, 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	Bybit MSFTUSDT	503.32	0	get 0.0000% / 8h	56m 32s	$7.3M	$2.2M	100x
Short	BloFin MSFT-USDT	503.56	0.0022	get 0.0022% / 8h	56m 32s	$190K	$206K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.048%Rate

Funding earned: $4.71
Price spread: +0.048% → +0.030%: $1.81
Slippage, 4 orders: −$14.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$30.5
Costs to cover: 0.370%
Break-even: 52.3 days

Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 14 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 Bybit live order book, 1 min ago	1.29 bp	9.9 bp −$10	30.5 bp −$305	doesn't fit	doesn't fit
Sell BloFin live order book, 14 min ago	0.10 bp	7.7 bp −$8	9.7 bp −$97	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
Nado MSFT-PERP	−0.0132%	1h	503.46	+0.029%	$414K	$67K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	−0.0088%	1h	503.25	−0.014%	$27K	$44K	10x	as long as short
tradeXYZ xyz:MSFT	−0.0027%	1h	503.12	−0.040%	$22.4M	$8.9M	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.34	+0.003%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.38	+0.011%	$338K	$1.6M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.44	+0.023%	$15.8M	$19.2M	20x	as long as short
Bybit MSFTUSDTlong	0.0000%	8h	503.32	long leg	$7.3M	$2.2M	100x
OKX MSFT-USDT-SWAP	0.0000%	8h	503.52	+0.040%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.26	−0.012%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.54	+0.044%	$3.8M	$2.9M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	503.65	+0.065%	$1.3M	$414K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.66	+0.068%	$19K	$328K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.32	+0.199%	$6K	$3.9M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	503.66	+0.068%	$682K	$450K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.47	+0.030%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.62	+0.060%	$2.2M	$823K	10x	as long as short
BloFin MSFT-USDTshort	+0.0022%	8h	503.56	+0.048%	$190K	$206K	20x
Lighter RH MSFT	+0.0032%	1h	503.33	+0.002%	$695K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.44	+0.024%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.29	−0.006%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.62	+0.060%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.14	−0.036%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.37	+0.010%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.22	−0.020%	$512K	$439K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	503.45	+0.027%	$222	—	5x	as long as short
Lighter MSFT	+0.0056%	1h	503.48	+0.032%	$1.2M	$518K	20x	as long as short
Hotstuff MSFT-PERP	+0.0056%	1h	503.19	−0.026%	$32K	$8K	20x	as long as short
Phoenix MSFT	+0.0064%	1h	503.38	+0.012%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.94	−0.075%	$1.6M	$61K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.41	+0.018%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.49	+0.034%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.45	+0.025%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.82	+0.099%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0451%	4h	503.51	+0.038%	$102K	$242K	10x	as long as short