MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0427%/8h= +46.8% APRnext payment +$0.53 per $10,000 · paid last 24h +0.036%

Price spread now: Arcus against Aevo−0.026%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Arcus is 0.026% cheaper against Aevo than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MSFT-PERP	501.72	0.0104	pay 0.0013% / 1h	29m 21s	$55	—	10x
Short	Arcus MSFT-USD	501.59	0.0531	get 0.0066% / 1h	29m 21s	$109K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Aevo. 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 AevobpFee ArcusbpOrdersPrice spread, now −0.026%Rate

Funding earned: $89.77
Price spread: −0.026% → 0.000%: −$2.6
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $66.67
Costs to cover: 0.205%
Break-even: 1.8 days

Slippage unknown: Aevo: no order-book sample; Arcus: live order book, 58 min ago. 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 Aevo no order-book sample	—	—	—	—	—
Sell Arcus live order book, 58 min ago	2.69 bp	4.9 bp −$5	7.9 bp −$79	18.3 bp −$1,827	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0104%	1h	501.36	−0.072%	$32K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	501.53	−0.038%	$689K	$433K	10x	as long as short
Nado MSFT-PERP	−0.0029%	1h	501.41	−0.061%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0023%	8h	501.82	+0.020%	$189K	$209K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.01	+0.058%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.75	+0.006%	$372K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.80	+0.015%	$15.7M	$19.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.87	+0.030%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.83	+0.022%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.54	−0.036%	$3.1M	$1.5M	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	501.78	+0.012%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.82	+0.020%	$1.3M	$726K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.67	−0.010%	$18K	$330K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.54	+0.163%	$6K	$4.4M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.62	−0.020%	$59K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.20	+0.096%	$2.2M	$759K	10x	as long as short
Lighter MSFT	+0.0032%	1h	501.66	−0.012%	$1.1M	$653K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.56	−0.032%	$661K	$2.2M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.70	−0.004%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.38	−0.068%	$22.2M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.36	−0.072%	$309K	$683K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.66	−0.012%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	501.63	−0.017%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.39	−0.066%	$515K	$479K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.73	+0.002%	$1.2M	$5.7M	10x	as long as short
Phoenix MSFT	+0.0096%	1h	501.57	−0.030%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.21	−0.102%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.29	−0.086%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.63	−0.018%	$8K	—	10x	as long as short
Aevo MSFT-PERPlong	+0.0104%	1h	501.72	long leg	$55	—	10x
Deribit MSFT_USDC-PERPETUAL	+0.0129%	1h	501.69	−0.006%	$27K	$104K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.03	+0.062%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0333%	4h	501.77	+0.009%	$102K	$244K	10x	as long as short
Arcus MSFT-USDshort	+0.0531%	1h	501.59	−0.026%	$109K	$90K	10x