MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.27 per $10,000 · paid last 24h +0.012%

Price spread now: BloFin against Gate+0.060%7-day average +0.051% · 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−$36as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now +0.060%, 7d avg +0.051%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.051%, 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	Gate MSFT_USDT	501.85	0	get 0.0000% / 8h	1h 04m	$3.1M	$1.6M	100x
Short	BloFin MSFT-USDT	502.15	−0.0027	pay 0.0027% / 8h	1h 04m	$188K	$209K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$5.7
Price spread: +0.060% → +0.051%: $0.86
Slippage, 4 orders: −$9.8
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$41.64
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; BloFin: live order book, 5 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 Gate live order book, 3 min ago	1.39 bp	11.3 bp −$11	29.0 bp −$290	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.50 bp	7.0 bp −$7	9.2 bp −$92	25.2 bp −$2,516	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
BloFin MSFT-USDTshort	−0.0027%	8h	502.15	+0.060%	$188K	$209K	20x
Nado MSFT-PERP	−0.0003%	1h	501.87	+0.003%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.14	+0.058%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.04	+0.038%	$337K	$392K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.13	+0.055%	$15.7M	$19.1M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.28	+0.086%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDTlong	0.0000%	8h	501.85	long leg	$3.1M	$1.6M	100x
Bitget MSFTUSDT	0.0000%	8h	502.12	+0.054%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.09	+0.047%	$1.3M	$702K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.07	+0.043%	$19K	$309K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	502.91	+0.211%	$6K	$4.3M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.84	−0.002%	$27K	$101K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.76	−0.018%	$687K	$450K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.01	+0.032%	$59K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.35	+0.100%	$2.2M	$755K	10x	as long as short
Bybit MSFTUSDT	+0.0018%	8h	502.18	+0.066%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.02	+0.034%	$649K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	502.03	+0.036%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.91	+0.012%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.74	−0.022%	$22.3M	$9.6M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.64	−0.042%	$305K	$674K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.05	+0.040%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.73	−0.024%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0057%	8h	502.02	+0.034%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.86	+0.002%	$10K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0088%	1h	501.75	−0.020%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.69	−0.032%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.93	+0.016%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.00	+0.030%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.06	+0.042%	$55	—	10x	as long as short
Lighter MSFT	+0.0120%	1h	502.19	+0.068%	$1.1M	$591K	20x	as long as short
Arcus MSFT-USD	+0.0200%	1h	502.01	+0.032%	$98K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.30	+0.090%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0721%	4h	502.08	+0.046%	$102K	$243K	10x	as long as short