Funding you earn now, next payment 22:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.15 per $10,000 · paid last 24h +0.035%
Price spread now: Injective against Aevo+0.078%59s7-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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 0.078% dearer against Aevo than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 28m 09s | $55 | — | 10x |
| Short | Injective MSFT/USDC PERP | 502.03 | 0.0220 | get 0.0028% / 1h | 28m 09s | $115K | $45K | 30x |
Aevo MSFT-PERP
Injective MSFT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $24.36
- Price spread: +0.078% → 0.000%
- $7.8
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $16.14
- Costs to cover
- 0.160%
- Break-even
- 2.4 days
Slippage unknown: Aevo: no order-book sample; Injective: live order book, 60 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 Injective live order book, 60 min ago | 10.46 bp | 10.5 bp −$10 | 10.5 bp −$105 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0040% | 1h | 501.53 | −0.022% | $689K | $433K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.0032% | 1h | 501.36 | −0.056% | $32K | $8K | 20x | as long as short |
| Nado MSFT-PERP | −0.0026% | 1h | 501.41 | −0.046% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.01 | +0.074% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.66 | +0.004% | $372K | $369K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.69 | +0.011% | $15.7M | $19.2M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.83 | +0.038% | $7.4M | $1.7M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.94 | +0.060% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.53 | −0.022% | $3.1M | $1.5M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.69 | +0.010% | $3.8M | $2.2M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
Hotstuff MSFT-PERP
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 501.82 | +0.037% | $1.3M | $726K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.67 | +0.007% | $18K | $330K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.46 | +0.164% | $6K | $4.4M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.62 | −0.004% | $27K | $104K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.60 | −0.008% | $58K | $230K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.24 | +0.120% | $2.2M | $762K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0025% | 8h | 501.81 | +0.034% | $189K | $209K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 501.67 | +0.006% | $1.1M | $653K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.57 | −0.014% | $662K | $2.2M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.68 | +0.008% | — | — | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.37 | −0.054% | $22.2M | $10.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.26 | −0.075% | $309K | $683K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.66 | +0.004% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 501.63 | −0.002% | $221 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.31 | −0.066% | $515K | $485K | 15x | as long as short |
| QFEX MSFT-USD | +0.0050% | 1h | 501.69 | +0.010% | $1.2M | $5.7M | 10x | as long as short |
| Phoenix MSFT | +0.0096% | 1h | 501.57 | −0.014% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.21 | −0.085% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.29 | −0.069% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.61 | −0.006% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERPlong | +0.0104% | 1h | 501.64 | long leg | $55 | — | 10x | |
| Injective MSFT/USDC PERPshort | +0.0220% | 1h | 502.03 | +0.078% | $115K | $45K | 30x | |
| edgeX MSFTUSDC | +0.0333% | 4h | 501.77 | +0.026% | $102K | $244K | 10x | as long as short |
| Arcus MSFT-USD | +0.0531% | 1h | 501.55 | −0.018% | $109K | $90K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Ondo Perps MSFT-USD.P
QFEX MSFT-USD
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
edgeX MSFTUSDC
Arcus MSFT-USD