MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h −0.160%

Price spread now: Hotstuff against Arcus−0.032%7-day average — · you buy dearer than you sell

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

Long on Arcus Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.032% cheaper against Arcus than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 46 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSFT-USD	503.29	0.0040	pay 0.0005% / 1h	43m 09s	$97K	$110K	10x
Short	Hotstuff MSFT-PERP	503.13	0.0096	get 0.0012% / 1h	43m 09s	$32K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Arcus. 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 ArcusbpFee HotstuffbpOrdersPrice spread, now −0.032%Rate

Funding earned: $11.7
Price spread: −0.032% → 0.000%: −$3.18
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$0.98
Costs to cover: 0.095%
Break-even: 7.6 days

Slippage unknown: Arcus: live order book, 60 min ago; 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 Arcus live order book, 60 min ago	3.38 bp	8.7 bp −$9	13.6 bp −$136	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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
Nado MSFT-PERP	−0.0036%	1h	503.42	+0.025%	$414K	$67K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.33	+0.007%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.54	+0.051%	$338K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.65	+0.071%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.41	+0.024%	$7.3M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.73	+0.087%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.40	+0.022%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.64	+0.070%	$3.8M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.40	+0.021%	$1.3M	$414K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.62	+0.066%	$19K	$326K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	504.44	+0.228%	$6K	$3.8M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.36	+0.014%	$27K	$44K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	502.97	−0.064%	$682K	$454K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.53	+0.048%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.83	+0.107%	$2.2M	$820K	10x	as long as short
BloFin MSFT-USDT	+0.0027%	8h	503.68	+0.077%	$191K	$206K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.51	+0.044%	$1.2M	$522K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.47	+0.036%	$698K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.51	+0.044%	$1.2M	$4.7M	10x	as long as short
Arcus MSFT-USDlong	+0.0040%	1h	503.29	long leg	$97K	$110K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	503.62	+0.066%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.15	−0.028%	$22.4M	$8.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.27	−0.004%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.47	+0.036%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.06	−0.046%	$512K	$428K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	503.51	+0.043%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.31	+0.004%	$11K	$15K	20x	as long as short
Hotstuff MSFT-PERPshort	+0.0096%	1h	503.13	−0.032%	$32K	$8K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	503.04	−0.050%	$1.6M	$62K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.27	−0.004%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.43	+0.028%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.53	+0.048%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.82	+0.304%	$116K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0666%	4h	503.46	+0.034%	$102K	$244K	10x	as long as short