MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0021%/8h= +2.4% APRnext payment +$0.21 per $10,000 · paid last 24h −0.011%

Price spread now: Variational Omni against BloFin+0.011%7-day average −0.020% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.011%, 7d avg −0.020%

Together, before fees−0.209%+ Points / potential airdropVariational Omni: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.032% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MSFT-USDT	501.76	−0.0021	get 0.0021% / 8h	5h 28m	$189K	$204K	20x
Short	Variational Omni MSFT	501.82	0	get 0.0000% / 8h	5h 28m	$1.3M	$650K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.011%Rate

Funding earned: $4.51
Price spread: +0.011% → −0.020%: $3.17
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.32
Costs to cover: 0.120%
Break-even: 13.7 days

Slippage unknown: BloFin: live order book, 9 min ago; Variational Omni: RFQ quote, just now. Net counts fees only.

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, 9 min ago	0.10 bp	12.8 bp −$13	17.0 bp −$170	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	2.74 bp	doesn't fit	9.1 bp −$91	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	501.24	−0.104%	$679K	$456K	10x	as long as short
Nado MSFT-PERP	−0.0030%	1h	501.49	−0.053%	$414K	$64K	20x	as long as short
BloFin MSFT-USDTlong	−0.0021%	8h	501.76	long leg	$189K	$204K	20x
Aster MSFTUSDT	0.0000%	8h	501.59	−0.035%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.50	−0.052%	$337K	$892K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.64	−0.024%	$15.7M	$18.9M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.67	−0.018%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.90	+0.028%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.65	−0.022%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.75	−0.002%	$4.5M	$2.5M	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 MSFTshort	0.0000%	8h	501.82	+0.011%	$1.3M	$650K	—
GRVT MSFT_USDT_Perp	0.0000%	8h	501.87	+0.022%	$18K	$297K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.53	+0.153%	$6K	$4.1M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.63	−0.026%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.77	+0.002%	$2.2M	$767K	10x	as long as short
Hotstuff MSFT-PERP	+0.0016%	1h	501.37	−0.078%	$32K	$8K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0029%	1h	501.49	−0.054%	$27K	$41K	10x	as long as short
QFEX MSFT-USD	+0.0030%	1h	501.70	−0.012%	$1.1M	$5.6M	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.41	−0.070%	$685K	$2.0M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.56	−0.040%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.62	−0.028%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.24	−0.104%	$22.1M	$9.1M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.36	−0.080%	$302K	$648K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.63	−0.026%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.39	−0.074%	$525K	$487K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0061%	8h	501.52	−0.047%	$221	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	501.44	−0.064%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.43	−0.066%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.49	−0.054%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.62	−0.028%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.64	−0.024%	$55	—	10x	as long as short
Lighter MSFT	+0.0184%	1h	501.77	+0.002%	$1.1M	$459K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.24	+0.295%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0990%	4h	501.81	+0.011%	$102K	$244K	10x	as long as short