MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.14 per $10,000 · paid last 24h −0.014%

Price spread now: Gate against BloFin−0.022%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on BloFin Short on Gate

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)−0.028%−$3 · spread now −0.022%, 7d avg −0.052%

Together, before fees−0.041%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.030% dearer against BloFin than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.052%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.1 days. At the pace of the last 7 days (−0.013% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MSFT-USDT	504.01	0.0014	pay 0.0014% / 8h	1h 46m	$190K	$207K	20x
Short	Gate MSFT_USDT	503.90	0	get 0.0000% / 8h	1h 46m	$3.1M	$1.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.022%Rate

Funding earned: −$2.95
Price spread: −0.022% → −0.052%: $2.98
Slippage, 4 orders: −$14.24
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$41.2
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from BloFin: live order book, 29 min ago; Gate: live order book, 1 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, 29 min ago	0.10 bp	6.2 bp −$6	10.1 bp −$101	24.3 bp −$2,432	doesn't fit
Sell Gate live order book, 1 min ago	4.86 bp	13.4 bp −$13	67.4 bp −$674	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	−0.0462%	4h	503.96	−0.011%	$103K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	−0.069%	$682K	$500K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.71	−0.059%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.95	−0.011%	$341K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.04	+0.006%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.75	−0.052%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.21	+0.040%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDTshort	0.0000%	8h	503.90	−0.022%	$3.1M	$1.8M	100x
Bitget MSFTUSDT	0.0000%	8h	504.08	+0.014%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.13	+0.024%	$1.3M	$499K	—	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	504.20	+0.039%	$19K	$327K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.84	+0.165%	$6K	$3.9M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.98	−0.006%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.10	+0.018%	$2.2M	$820K	10x	as long as short
Nado MSFT-PERP	+0.0004%	1h	503.70	−0.061%	$415K	$67K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0008%	1h	503.87	−0.028%	$27K	$43K	10x	as long as short
BloFin MSFT-USDTlong	+0.0014%	8h	504.01	long leg	$190K	$207K	20x
Lighter RH MSFT	+0.0032%	1h	503.83	−0.036%	$689K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	504.04	+0.006%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.80	−0.042%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.99	−0.004%	—	$1K	25x	as long as short
Hotstuff MSFT-PERP	+0.0048%	1h	503.62	−0.077%	$32K	$8K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.60	−0.081%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.70	−0.062%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.95	−0.012%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.67	−0.067%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0059%	8h	503.94	−0.014%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.77	−0.048%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.43	−0.115%	$1.6M	$58K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.66	−0.069%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.95	−0.012%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.04	+0.005%	$55	—	10x	as long as short
Lighter MSFT	+0.0128%	1h	504.09	+0.016%	$1.2M	$514K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.13	+0.024%	$115K	$45K	30x	as long as short