Funding you earn now, next payment 07:00 UTC−0.0073%/8h= −7.9% APRpaid last 24h −0.016%
Price spread now: BloFin against ApeX Omni+0.071%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.071%, 7d avg +0.090%
=The price spread sits at its 7-day average of +0.090%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSFTUSDT | 503.69 | 0.0100 | pay 0.0013% / 1h | 41m 51s | $160K | $7K | 50x |
| Short | BloFin MSFT-USDT | 504.05 | 0.0027 | get 0.0027% / 8h | 1h 41m | $190K | $206K | 20x |
ApeX Omni MSFTUSDT
BloFin MSFT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against ApeX Omni. 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
- −$15.23
- Price spread: +0.071% → +0.090%
- −$1.88
- Slippage, 4 orders
- −$12.68
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$51.79
- Costs to cover
- 0.347%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 64 min ago; BloFin: live order book, 34 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 ApeX Omni live order book, 64 min ago | 5.08 bp | 10.1 bp −$10 | 52.3 bp −$523 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 34 min ago | 0.10 bp | 8.3 bp −$8 | 12.2 bp −$122 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0048% | 1h | 503.66 | −0.006% | $682K | $500K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.77 | +0.016% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.97 | +0.056% | $341K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.09 | +0.079% | $15.8M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.73 | +0.008% | $7.3M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.92 | +0.046% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.75 | +0.012% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.97 | +0.056% | $3.8M | $3.0M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.96 | +0.053% | $1.3M | $499K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.05 | +0.071% | $18K | $327K | 10x | as long as short |
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_PerpShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MSFT-USDT | 0.0000% | 8h | 504.74 | +0.208% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.73 | +0.008% | $27K | $43K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.87 | +0.036% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.14 | +0.089% | $2.2M | $820K | 10x | as long as short |
| Nado MSFT-PERP | +0.0011% | 1h | 503.71 | +0.004% | $415K | $67K | 20x | as long as short |
| BloFin MSFT-USDTshort | +0.0027% | 8h | 504.05 | +0.071% | $190K | $206K | 20x | |
| Lighter RH MSFT | +0.0032% | 1h | 503.86 | +0.034% | $689K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0039% | 1h | 503.94 | +0.050% | $1.2M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.72 | +0.006% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.90 | +0.042% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.60 | −0.018% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.66 | −0.006% | $303K | $718K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.79 | +0.020% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.57 | −0.024% | $522K | $476K | 15x | as long as short |
| Hotstuff MSFT-PERP | +0.0056% | 1h | 503.60 | −0.018% | $32K | $8K | 20x | as long as short |
| Paradex MSFT-USD-PERP | +0.0058% | 8h | 503.83 | +0.027% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.74 | +0.010% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.45 | −0.048% | $1.6M | $58K | 20x | as long as short |
| ApeX Omni MSFTUSDTlong | +0.0100% | 1h | 503.69 | long leg | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.91 | +0.044% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.91 | +0.043% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0136% | 1h | 504.10 | +0.081% | $1.2M | $514K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.21 | +0.103% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0978% | 4h | 503.91 | +0.044% | $103K | $244K | 10x | as long as short |
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Nado MSFT-PERP
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
Hotstuff MSFT-PERP
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
edgeX MSFTUSDC