Funding you earn now, next payment 00:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.023%
Price spread now: Extended against Aevo+0.005%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MSFT-PERP | 501.64 | 0.0104 | pay 0.0013% / 1h | 1m 06s | $55 | — | 10x |
| Short | Extended MSFT_24_5-USD | 501.67 | 0 | get 0.0000% / 1h | 1m 06s | $337K | $387K | 17x |
Aevo MSFT-PERP
Extended MSFT_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Aevo. 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
- −$21.84
- Price spread: +0.005% → 0.000%
- $0.46
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$42.38
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Extended: live order book, 11 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 Extended live order book, 11 min ago | 0.10 bp | 5.2 bp −$5 | 24.1 bp −$241 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSFT-PERP | −0.0018% | 1h | 501.40 | −0.049% | $414K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0016% | 1h | 501.76 | +0.023% | $687K | $449K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.0008% | 1h | 501.32 | −0.064% | $32K | $8K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.79 | +0.030% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USDshort | 0.0000% | 1h | 501.67 | +0.005% | $337K | $387K | 17x | |
| Binance MSFTUSDT | 0.0000% | 8h | 501.80 | +0.030% | $15.6M | $19.0M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.85 | +0.041% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.48 | −0.033% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.82 | +0.035% | $3.8M | $2.3M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.66 | +0.003% | $1.3M | $692K | — | as long as short |
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Hotstuff MSFT-PERP
Aster MSFTUSDT
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.74 | +0.019% | $18K | $294K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.48 | +0.167% | $6K | $4.3M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.66 | +0.003% | $59K | $228K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.06 | +0.083% | $2.2M | $746K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0002% | 8h | 501.76 | +0.023% | $188K | $209K | 20x | as long as short |
| Bybit MSFTUSDT | +0.0032% | 8h | 501.82 | +0.035% | $7.4M | $1.7M | 100x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.68 | +0.007% | $619K | $2.1M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.54 | −0.021% | — | $1K | 25x | as long as short |
| QFEX MSFT-USD | +0.0049% | 1h | 501.65 | +0.001% | $1.2M | $5.9M | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.41 | −0.047% | $22.3M | $9.4M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.30 | −0.068% | $303K | $678K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.69 | +0.009% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.23 | −0.082% | $529K | $493K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 501.59 | −0.010% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.37 | −0.055% | $10K | $15K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0089% | 1h | 501.64 | −0.001% | $27K | $102K | 10x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.17 | −0.094% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.46 | −0.037% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.61 | −0.007% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERPlong | +0.0104% | 1h | 501.64 | long leg | $55 | — | 10x | |
| edgeX MSFTUSDC | +0.0150% | 4h | 501.63 | −0.002% | $102K | $243K | 10x | as long as short |
| Lighter MSFT | +0.0160% | 1h | 501.93 | +0.057% | $1.1M | $586K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.31 | +0.133% | $115K | $45K | 30x | as long as short |
| Arcus MSFT-USD | +0.0286% | 1h | 501.61 | −0.007% | $97K | $109K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Bybit MSFTUSDT
Lighter RH MSFT
Vest MSFT-USD-PERP
QFEX MSFT-USD
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
Deribit MSFT_USDC-PERPETUAL
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
edgeX MSFTUSDC
Lighter MSFT
Injective MSFT/USDC PERP
Arcus MSFT-USD