Funding you earn now, next payment 23:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.100%
Price spread now: Hotstuff against Aevo−0.063%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hotstuff is 0.063% cheaper against Aevo than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MSFT-PERP | 502.02 | 0.0104 | pay 0.0013% / 1h | 37m 52s | $55 | — | 10x |
| Short | Hotstuff MSFT-PERP | 501.70 | 0.0080 | get 0.0010% / 1h | 37m 52s | $32K | $8K | 20x |
Aevo MSFT-PERP
Hotstuff MSFT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- −$5.04
- Price spread: −0.063% → 0.000%
- −$6.32
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$32.36
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Hotstuff: no order-book sample. 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 Hotstuff no order-book sample | — | — | — | — | — |
Aevo and Hotstuff: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0566% | 4h | 501.98 | −0.008% | $102K | $242K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0018% | 8h | 502.17 | +0.030% | $188K | $210K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.98 | −0.007% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.03 | +0.003% | $372K | $369K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.14 | +0.024% | $15.7M | $19.3M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.12 | +0.020% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.85 | −0.033% | $3.1M | $1.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 502.00 | −0.004% | $1.3M | $708K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.06 | +0.008% | $18K | $319K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.91 | +0.178% | $6K | $4.4M | 20x | as long as short |
edgeX MSFTUSDC
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 501.58 | −0.087% | $688K | $449K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.05 | +0.006% | $59K | $229K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.54 | +0.104% | $2.2M | $763K | 10x | as long as short |
| Bitget MSFTUSDT | +0.0003% | 8h | 502.08 | +0.012% | $3.8M | $2.2M | 100x | as long as short |
| Bybit MSFTUSDT | +0.0020% | 8h | 502.09 | +0.014% | $7.4M | $1.7M | 100x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.92 | −0.019% | $653K | $2.1M | 20x | as long as short |
| QFEX MSFT-USD | +0.0040% | 1h | 501.99 | −0.005% | $1.2M | $5.8M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.91 | −0.021% | — | — | 25x | as long as short |
| Nado MSFT-PERP | +0.0047% | 1h | 501.60 | −0.083% | $414K | $64K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.58 | −0.087% | $22.3M | $9.8M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.60 | −0.083% | $305K | $683K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.04 | +0.004% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.68 | −0.067% | $529K | $493K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0062% | 8h | 501.84 | −0.035% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.68 | −0.067% | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERPshort | +0.0080% | 1h | 501.70 | −0.063% | $32K | $8K | 20x | |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.53 | −0.097% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.69 | −0.065% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.98 | −0.007% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERPlong | +0.0104% | 1h | 502.02 | long leg | $55 | — | 10x | |
| Deribit MSFT_USDC-PERPETUAL | +0.0109% | 1h | 501.75 | −0.053% | $27K | $104K | 10x | as long as short |
| Lighter MSFT | +0.0160% | 1h | 502.09 | +0.014% | $1.1M | $589K | 20x | as long as short |
| Arcus MSFT-USD | +0.0200% | 1h | 501.90 | −0.023% | $110K | $90K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.34 | +0.064% | $115K | $45K | 30x | as long as short |
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
Bitget MSFTUSDT
Bybit MSFTUSDT
Lighter RH MSFT
QFEX MSFT-USD
Vest MSFT-USD-PERP
Nado MSFT-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Deribit MSFT_USDC-PERPETUAL
Lighter MSFT
Arcus MSFT-USD
Injective MSFT/USDC PERP