MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.09 per $10,000 · paid last 24h +0.014%

Price spread now: BloFin against Bitget+0.046%45s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as 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−$330.328% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.046%, 7d avg +0.009%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.036% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 45 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	Bitget MSFTUSDT	504.08	0	get 0.0000% / 8h	1h 50m	$3.8M	$3.0M	100x
Short	BloFin MSFT-USDT	504.31	−0.0009	pay 0.0009% / 8h	1h 50m	$190K	$207K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$1.84
Price spread: +0.046% → +0.009%: $3.63
Slippage, 4 orders: −$8.84
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$31.05
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 25 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 Bitget live order book, 2 min ago	1.29 bp	10.1 bp −$10	13.7 bp −$137	34.1 bp −$3,408	doesn't fit
Sell BloFin live order book, 25 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
edgeX MSFTUSDC	−0.0112%	4h	504.28	+0.040%	$103K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	−0.083%	$682K	$500K	10x	as long as short
BloFin MSFT-USDTshort	−0.0009%	8h	504.31	+0.046%	$190K	$207K	20x
Aster MSFTUSDT	0.0000%	8h	503.82	−0.051%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.95	−0.027%	$341K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.08	0.000%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.85	−0.046%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.08	0.000%	$3.0M	$2.4M	20x	as long as short
Hotstuff MSFT-PERP	0.0000%	1h	503.86	−0.044%	$33K	$8K	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.94	−0.028%	$3.1M	$1.8M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDTlong	0.0000%	8h	504.08	long leg	$3.8M	$3.0M	100x
Variational Omni MSFT	0.0000%	8h	504.13	+0.010%	$1.3M	$499K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.35	+0.054%	$19K	$327K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	505.04	+0.190%	$6K	$3.9M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.19	+0.022%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.48	+0.079%	$2.2M	$818K	10x	as long as short
Nado MSFT-PERP	+0.0008%	1h	504.09	+0.001%	$415K	$67K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.90	−0.036%	$689K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	504.01	−0.014%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.94	−0.028%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.03	−0.010%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.62	−0.091%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.68	−0.079%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.05	−0.006%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.87	−0.042%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0059%	8h	503.96	−0.023%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.94	−0.028%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.52	−0.111%	$1.6M	$58K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	504.00	−0.016%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.09	+0.002%	$8K	—	10x	as long as short
Lighter MSFT	+0.0104%	1h	504.09	+0.002%	$1.2M	$514K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.16	+0.016%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0147%	1h	504.02	−0.012%	$27K	$43K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.13	+0.010%	$115K	$45K	30x	as long as short