MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.56 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget+0.081%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days−0.073%−$7 · spread now +0.081%, 7d avg +0.003%

Together, before fees−0.075%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.078% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSFTUSDT	504.67	0	get 0.0000% / 8h	5h 07m	$4.0M	$3.1M	100x
Short	OKX MSFT-USDT-SWAP	505.08	0.0056	get 0.0056% / 8h	5h 07m	$3.2M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.081%Rate

Funding earned: $11.75
Price spread: +0.081% → +0.003%: $7.84
Slippage, 4 orders: −$12.91
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$15.33
Costs to cover: 0.349%
Break-even: 16.1 days

Slippage from Bitget: live order book, 4 min ago; OKX: live order book, 3 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, 4 min ago	1.49 bp	8.5 bp −$9	10.2 bp −$102	46.6 bp −$4,656	doesn't fit
Sell OKX live order book, 3 min ago	0.59 bp	9.0 bp −$9	15.4 bp −$154	doesn't fit	doesn't fit

MSFT on 34 exchanges

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
Hotstuff MSFT-PERP	−0.1600%	1h	504.52	−0.030%	$33K	$8K	20x	as long as short
edgeX MSFTUSDC	−0.0722%	4h	504.77	+0.020%	$103K	$243K	10x	as long as short
Nado MSFT-PERP	−0.0035%	1h	504.67	0.000%	$412K	$72K	20x	as long as short
BloFin MSFT-USDT	−0.0018%	8h	504.95	+0.055%	$203K	$222K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	505.02	+0.070%	$166K	$118K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.79	+0.025%	$328K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.97	+0.059%	$16.3M	$21.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.67	0.000%	$7.3M	$2.4M	100x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.69	+0.004%	$3.1M	$2.0M	100x	as long as short
Bitget MSFTUSDTlong	0.0000%	8h	504.67	long leg	$4.0M	$3.1M	100x

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	504.57	−0.020%	$1.3M	$408K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.77	+0.020%	$19K	$326K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	505.76	+0.216%	$6K	$3.5M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	504.00	−0.133%	$712K	$662K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.77	+0.020%	$49K	$247K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	505.14	+0.093%	$2.3M	$943K	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0027%	1h	504.71	+0.008%	$30K	$47K	10x	as long as short
Lighter MSFT	+0.0032%	1h	504.73	+0.012%	$1.2M	$526K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.75	+0.016%	$729K	$1.9M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.91	+0.048%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	504.63	−0.008%	$22.4M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	504.62	−0.010%	$319K	$675K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.71	+0.008%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	504.35	−0.063%	$530K	$408K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	504.76	+0.017%	$222	—	5x	as long as short
OKX MSFT-USDT-SWAPshort	+0.0056%	8h	505.08	+0.081%	$3.2M	$2.8M	20x
QFEX MSFT-USD	+0.0058%	1h	504.81	+0.028%	$1.2M	$4.7M	10x	as long as short
Phoenix MSFT	+0.0079%	1h	504.29	−0.075%	$11K	$5K	20x	as long as short
KuCoin MSFTUSDTM	+0.0088%	8h	504.36	−0.061%	$1.6M	$270K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	504.43	−0.048%	$161K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.79	+0.024%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.66	−0.001%	$56	—	10x	as long as short
Arcus MSFT-USD	+0.0190%	1h	504.67	0.000%	$94K	$83K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.69	+0.004%	$116K	$45K	30x	as long as short