Funding you earn now, next payment 08:00 UTC−0.0689%/8h= −75.4% APRpaid last 24h +0.075%
Price spread now: BloFin against edgeX+0.010%101s7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as 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−$340.344% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.010%, 7d avg +0.019%
=Together, before fees+0.041%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSFTUSDC | 503.63 | 0.0701 | pay 0.0351% / 4h | 1h 15m | $102K | $244K | 10x |
| Short | BloFin MSFT-USDT | 503.68 | 0.0013 | get 0.0013% / 8h | 1h 15m | $190K | $207K | 20x |
edgeX MSFTUSDC
BloFin MSFT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$144.59
- Price spread: +0.010% → +0.019%
- −$0.84
- Slippage, 4 orders
- −$13.35
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$179.78
- Costs to cover
- 0.344%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 27 min ago; BloFin: live order book, 60 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 edgeX live order book, 27 min ago | 5.26 bp | 9.9 bp −$10 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 60 min ago | 0.10 bp | 8.3 bp −$8 | 12.2 bp −$122 | 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 | −0.0048% | 1h | 503.66 | +0.006% | $682K | $500K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.42 | −0.041% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.55 | −0.016% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.70 | +0.014% | $15.8M | $19.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.44 | −0.038% | $7.3M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.76 | +0.026% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.51 | −0.024% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.65 | +0.004% | $3.8M | $3.0M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.61 | −0.004% | $1.3M | $499K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.61 | −0.004% | $19K | $328K | 10x | as long as short |
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_PerpShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MSFT-USDT | 0.0000% | 8h | 504.48 | +0.169% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.36 | −0.053% | $27K | $44K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.60 | −0.006% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.72 | +0.018% | $2.2M | $822K | 10x | as long as short |
| BloFin MSFT-USDTshort | +0.0013% | 8h | 503.68 | +0.010% | $190K | $207K | 20x | |
| Nado MSFT-PERP | +0.0025% | 1h | 503.41 | −0.044% | $414K | $67K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.48 | −0.030% | $700K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0039% | 1h | 503.61 | −0.004% | $1.2M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.40 | −0.045% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.70 | +0.014% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.15 | −0.095% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.27 | −0.071% | $303K | $718K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.56 | −0.014% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.13 | −0.099% | $522K | $476K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0058% | 8h | 503.55 | −0.016% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.43 | −0.039% | $11K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0088% | 1h | 503.17 | −0.091% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.10 | −0.105% | $1.6M | $60K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.15 | −0.095% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.50 | −0.026% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.54 | −0.017% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0152% | 1h | 503.71 | +0.016% | $1.2M | $517K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.04 | +0.082% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDClong | +0.0701% | 4h | 503.63 | long leg | $102K | $244K | 10x |
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Nado MSFT-PERP
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP