MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.19 per $10,000 · paid last 24h +0.012%

Price spread now: BloFin against SunX−0.151%55s7-day average −0.149% · you buy dearer than you sell

Net, funding: paid 7d − costs−$227as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2302.301% of the position

Long on SunX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now −0.151%, 7d avg −0.149%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.149%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MSFT-USDT	503.02	0	get 0.0000% / 8h	39m 42s	$6K	$4.3M	20x
Short	BloFin MSFT-USDT	502.26	0.0019	get 0.0019% / 8h	39m 42s	$188K	$209K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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 SunXbpFee BloFinbpOrdersPrice spread, now −0.151%Rate

Funding earned: $4.06
Price spread: −0.151% → −0.149%: −$0.26
Slippage, 4 orders: −$210.07
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$226.27
Costs to cover: 2.301%
Break-even: 397.1 days

Slippage from SunX: live order book, 8 min ago; BloFin: live order book, 30 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 SunX live order book, 8 min ago	29.13 bp	110.0 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 30 min ago	0.50 bp	7.0 bp −$7	9.2 bp −$92	25.2 bp −$2,516	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	−0.0018%	1h	501.95	−0.213%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.76	−0.250%	$687K	$450K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.21	−0.161%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.16	−0.171%	$337K	$392K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.24	−0.155%	$15.7M	$19.1M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.28	−0.147%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.99	−0.205%	$3.2M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.24	−0.155%	$3.8M	$2.3M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.20	−0.163%	$1.3M	$692K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.16	−0.172%	$18K	$300K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDTlong	0.0000%	8h	503.02	long leg	$6K	$4.3M	20x
HTX MSFT-USDT	0.0000%	8h	502.15	−0.173%	$59K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.34	−0.135%	$2.2M	$749K	10x	as long as short
BloFin MSFT-USDTshort	+0.0019%	8h	502.26	−0.151%	$188K	$209K	20x
Hotstuff MSFT-PERP	+0.0024%	1h	501.85	−0.233%	$32K	$8K	20x	as long as short
Bybit MSFTUSDT	+0.0029%	8h	502.30	−0.143%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.13	−0.177%	$638K	$2.1M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.10	−0.183%	—	$1K	25x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0049%	1h	502.06	−0.191%	$27K	$101K	10x	as long as short
QFEX MSFT-USD	+0.0049%	1h	502.14	−0.175%	$1.1M	$5.8M	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.87	−0.229%	$22.3M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.76	−0.250%	$303K	$678K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.17	−0.169%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.91	−0.221%	$529K	$494K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	502.17	−0.169%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.94	−0.215%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.72	−0.258%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.91	−0.221%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.18	−0.167%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.18	−0.167%	$55	—	10x	as long as short
Lighter MSFT	+0.0160%	1h	502.35	−0.133%	$1.1M	$585K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.57	−0.089%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0286%	1h	502.15	−0.173%	$97K	$109K	10x	as long as short
edgeX MSFTUSDC	+0.0865%	4h	502.25	−0.152%	$102K	$244K	10x	as long as short