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: OKX against BloFin+0.014%53s7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as 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−$330.333% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.014%, 7d avg −0.018%

Together, before fees−0.071%−$7 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: OKX is 0.031% dearer against BloFin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 53 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	504.26	−0.0009	get 0.0009% / 8h	2h 24m	$189K	$206K	20x
Short	OKX MSFT-USDT-SWAP	504.33	0	get 0.0000% / 8h	2h 24m	$3.0M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $1.89
Price spread: +0.014% → −0.018%: $3.14
Slippage, 4 orders: −$11.34
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.3
Costs to cover: 0.333%
Break-even: 111.8 days

Slippage from BloFin: live order book, 56 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 BloFin live order book, 56 min ago	0.20 bp	8.8 bp −$9	13.4 bp −$134	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.29 bp	7.7 bp −$8	18.9 bp −$189	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	−0.0064%	1h	503.98	−0.056%	$687K	$485K	10x	as long as short
Nado MSFT-PERP	−0.0034%	1h	504.11	−0.029%	$415K	$68K	20x	as long as short
BloFin MSFT-USDTlong	−0.0009%	8h	504.26	long leg	$189K	$206K	20x
Aster MSFTUSDT	0.0000%	8h	504.19	−0.014%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.28	+0.004%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.42	+0.032%	$15.9M	$19.4M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.14	−0.024%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAPshort	0.0000%	8h	504.33	+0.014%	$3.0M	$2.4M	20x
Gate MSFT_USDT	0.0000%	8h	504.03	−0.046%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.26	0.000%	$3.8M	$3.0M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	504.15	−0.022%	$1.3M	$477K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.79	−0.094%	$19K	$317K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	505.16	+0.178%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	504.20	−0.012%	$27K	$43K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.22	−0.008%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.48	+0.044%	$2.2M	$801K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	503.79	−0.093%	$11K	$15K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.09	−0.034%	$687K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	504.22	−0.008%	$1.2M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.88	−0.075%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.37	+0.022%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.94	−0.063%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	504.02	−0.048%	$303K	$720K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.16	−0.020%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	504.01	−0.050%	$518K	$472K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	504.23	−0.006%	$222	—	5x	as long as short
Lighter MSFT	+0.0088%	1h	504.33	+0.014%	$1.2M	$516K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.64	−0.123%	$1.6M	$57K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.91	−0.069%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.21	−0.010%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.24	−0.003%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0128%	1h	503.96	−0.059%	$33K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.04	−0.044%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0832%	4h	504.10	−0.032%	$103K	$242K	10x	as long as short