MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.17 per $10,000 · paid last 24h −0.005%

Price spread now: SunX against BloFin+0.153%7-day average +0.148% · you sell dearer than you buy

Net, funding: paid 7d − costs−$235as in the Funding arb table

Net, price: spread back to 7d avg − costs−$231as in the Price arb table

costs, in and out, $10k−$2312.311% of the position

Long on BloFin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.153%, 7d avg +0.148%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.148%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MSFT-USDT	504.46	−0.0017	get 0.0017% / 8h	7h 37m	$192K	$205K	20x
Short	SunX MSFT-USDT	505.23	0	get 0.0000% / 8h	7h 37m	$6K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.153%Rate

Funding earned: $3.52
Price spread: +0.153% → +0.148%: $0.44
Slippage, 4 orders: −$211.07
Fee BloFin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$227.11
Costs to cover: 2.311%
Break-even: 458.3 days

Slippage from BloFin: live order book, 28 min ago; SunX: live order book, 11 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, 28 min ago	0.89 bp	6.9 bp −$7	10.2 bp −$102	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	14.47 bp	90.8 bp −$91	doesn't fit	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
Hotstuff MSFT-PERP	−0.0168%	1h	503.92	−0.107%	$33K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	503.83	−0.125%	$682K	$494K	10x	as long as short
Nado MSFT-PERP	−0.0055%	1h	504.16	−0.060%	$415K	$67K	20x	as long as short
BloFin MSFT-USDTlong	−0.0017%	8h	504.46	long leg	$192K	$205K	20x
Aster MSFTUSDT	0.0000%	8h	504.39	−0.013%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.32	−0.029%	$339K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.45	−0.002%	$15.9M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.14	−0.063%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.51	+0.010%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.16	−0.059%	$3.1M	$1.9M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	504.51	+0.010%	$3.9M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.05	−0.081%	$1.3M	$387K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.34	−0.024%	$18K	$316K	10x	as long as short
SunX MSFT-USDTshort	0.0000%	8h	505.23	+0.153%	$6K	$3.6M	20x
HTX MSFT-USDT	0.0000%	8h	504.32	−0.028%	$59K	$224K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.58	+0.024%	$2.2M	$830K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	504.13	−0.065%	$11K	$15K	20x	as long as short
QFEX MSFT-USD	+0.0023%	1h	504.30	−0.032%	$1.1M	$4.7M	10x	as long as short
Lighter MSFT	+0.0032%	1h	504.26	−0.040%	$1.2M	$511K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.21	−0.050%	$696K	$1.9M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	504.18	−0.056%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.39	−0.014%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.79	−0.133%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.67	−0.157%	$303K	$654K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.18	−0.056%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	504.11	−0.069%	$514K	$411K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	504.27	−0.038%	$222	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.94	−0.103%	$1.6M	$106K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.91	−0.109%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.33	−0.026%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.24	−0.043%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0167%	1h	504.28	−0.036%	$27K	$44K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	505.94	+0.293%	$116K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0695%	4h	504.34	−0.024%	$103K	$243K	10x	as long as short