MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0025%/8h= −2.8% APRnext payment −$0.25 per $10,000 · paid last 24h −0.003%

Price spread now: Binance against BloFin+0.006%91s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as 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−$270.275% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now +0.006%, 7d avg −0.004%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 91 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	BloFin MSFT-USDT	503.93	0.0025	pay 0.0025% / 8h	7h 21m	$192K	$203K	20x
Short	Binance MSFTUSDT	503.96	0	get 0.0000% / 8h	7h 21m	$16.3M	$19.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.006%Rate

Funding earned: −$5.28
Price spread: +0.006% → −0.004%: $1
Slippage, 4 orders: −$5.49
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.77
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from BloFin: live order book, 44 min ago; Binance: live order book, 4 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 BloFin live order book, 44 min ago	0.89 bp	6.9 bp −$7	10.2 bp −$102	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.30 bp	7.4 bp −$7	10.9 bp −$109	38.0 bp −$3,804	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	−0.0056%	1h	503.32	−0.121%	$680K	$443K	10x	as long as short
Nado MSFT-PERP	−0.0015%	1h	503.43	−0.099%	$414K	$67K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.12	+0.037%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.84	−0.017%	$335K	$1.9M	17x	as long as short
Binance MSFTUSDTshort	0.0000%	8h	503.96	+0.006%	$16.3M	$19.3M	20x
Bybit MSFTUSDT	0.0000%	8h	503.59	−0.067%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.95	+0.004%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.67	−0.052%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.78	−0.030%	$3.9M	$2.8M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.92	−0.003%	$1.3M	$387K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	503.93	−0.001%	$19K	$316K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.74	+0.161%	$7K	$3.5M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.89	−0.008%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.22	+0.058%	$2.2M	$842K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	503.57	−0.071%	$11K	$15K	20x	as long as short
QFEX MSFT-USD	+0.0023%	1h	503.85	−0.016%	$1.1M	$4.6M	10x	as long as short
BloFin MSFT-USDTlong	+0.0025%	8h	503.93	long leg	$192K	$203K	20x
Lighter MSFT	+0.0032%	1h	503.66	−0.054%	$1.2M	$519K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.66	−0.054%	$700K	$1.9M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.64	−0.058%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.72	−0.042%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.33	−0.119%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.32	−0.121%	$303K	$650K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.64	−0.058%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.43	−0.099%	$514K	$405K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	503.70	−0.046%	$222	—	5x	as long as short
Hotstuff MSFT-PERP	+0.0080%	1h	503.31	−0.123%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.53	−0.079%	$1.6M	$120K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.71	−0.044%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.83	−0.020%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.83	−0.020%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	505.30	+0.272%	$116K	$45K	30x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0247%	1h	503.67	−0.052%	$27K	$45K	10x	as long as short
edgeX MSFTUSDC	+0.0494%	4h	503.90	−0.005%	$103K	$243K	10x	as long as short