MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.21 per $10,000 · paid last 24h +0.014%

Price spread now: BloFin against SunX−0.131%7-day average −0.148% · you buy dearer than you sell

Net, funding: paid 7d − costs−$226as in the Funding arb table

Net, price: spread back to 7d avg − costs−$228as in the Price arb table

costs, in and out, $10k−$2302.300% of the position

Long on SunX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.131%, 7d avg −0.148%

Together, before fees+0.021%+$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	SunX MSFT-USDT	505.02	0	get 0.0000% / 8h	2h 06m	$6K	$3.9M	20x
Short	BloFin MSFT-USDT	504.36	0.0021	get 0.0021% / 8h	2h 06m	$189K	$207K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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 SunXbpFee BloFinbpOrdersPrice spread, now −0.131%Rate

Funding earned: $4.42
Price spread: −0.131% → −0.148%: $1.72
Slippage, 4 orders: −$209.98
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$223.83
Costs to cover: 2.300%
Break-even: 361.3 days

Slippage from SunX: live order book, 11 min ago; BloFin: live order book, 9 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 SunX live order book, 11 min ago	29.20 bp	110.3 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 9 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
edgeX MSFTUSDC	−0.0903%	4h	504.37	−0.129%	$103K	$242K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	503.76	−0.249%	$684K	$493K	10x	as long as short
Nado MSFT-PERP	−0.0019%	1h	503.93	−0.215%	$415K	$68K	20x	as long as short
Hotstuff MSFT-PERP	−0.0008%	1h	503.81	−0.240%	$33K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.92	−0.217%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.15	−0.173%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.29	−0.145%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.01	−0.200%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.29	−0.145%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.98	−0.206%	$3.1M	$1.8M	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	504.24	−0.154%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.20	−0.163%	$1.3M	$499K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.28	−0.147%	$19K	$323K	10x	as long as short
SunX MSFT-USDTlong	0.0000%	8h	505.02	long leg	$6K	$3.9M	20x
HTX MSFT-USDT	0.0000%	8h	504.16	−0.170%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.46	−0.111%	$2.2M	$814K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	503.87	−0.228%	$11K	$15K	20x	as long as short
BloFin MSFT-USDTshort	+0.0021%	8h	504.36	−0.131%	$189K	$207K	20x
Lighter RH MSFT	+0.0032%	1h	504.05	−0.192%	$712K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	504.18	−0.166%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.99	−0.204%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.13	−0.176%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.79	−0.244%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.90	−0.222%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.11	−0.180%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.83	−0.236%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	504.16	−0.171%	$222	—	5x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0087%	1h	504.02	−0.198%	$27K	$43K	10x	as long as short
Lighter MSFT	+0.0088%	1h	504.26	−0.150%	$1.2M	$516K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.65	−0.271%	$1.6M	$57K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.79	−0.244%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.10	−0.182%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.15	−0.173%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.48	−0.107%	$116K	$45K	30x	as long as short