Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against Bitget−0.014%7-day average — · you buy dearer than you sell
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
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 | Bitget MSFTUSDT | 501.71 | 0 | get 0.0000% / 8h | 4m 35s | $3.8M | $2.3M | 100x |
| Short | Orderly PERP_MSFT_USDC_mythos | 501.64 | 0.0100 | get 0.0100% / 8h | 4m 35s | $8K | — | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bitget. 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
- Price spread: −0.014% → 0.000%
- −$1.4
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $1.6
- Costs to cover
- 0.180%
- Break-even
- 6.5 days
Slippage unknown: Bitget: live order book, 3 min ago; Orderly: 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 Bitget live order book, 3 min ago | 1.69 bp | 7.7 bp −$8 | 11.3 bp −$113 | 38.6 bp −$3,856 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.0978% | 4h | 501.69 | −0.004% | $102K | $243K | 10x | as long as short |
| Nado MSFT-PERP | −0.0021% | 1h | 501.42 | −0.057% | $414K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0020% | 8h | 501.74 | +0.006% | $188K | $209K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0016% | 1h | 501.76 | +0.010% | $687K | $449K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.0008% | 1h | 501.34 | −0.074% | $32K | $8K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.77 | +0.011% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.60 | −0.021% | $337K | $387K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.70 | −0.002% | $15.6M | $19.1M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.89 | +0.036% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.45 | −0.052% | $3.1M | $1.7M | 100x | as long as short |
Show all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDTlong | 0.0000% | 8h | 501.71 | long leg | $3.8M | $2.3M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 501.68 | −0.007% | $1.3M | $692K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.83 | +0.024% | $18K | $295K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.51 | +0.159% | $6K | $4.3M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.61 | −0.020% | $58K | $228K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.99 | +0.056% | $2.2M | $747K | 10x | as long as short |
| Bybit MSFTUSDT | +0.0030% | 8h | 501.81 | +0.020% | $7.4M | $1.7M | 100x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.58 | −0.026% | $619K | $2.1M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.53 | −0.036% | — | $1K | 25x | as long as short |
| QFEX MSFT-USD | +0.0049% | 1h | 501.65 | −0.012% | $1.2M | $5.9M | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.32 | −0.078% | $22.3M | $9.4M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.33 | −0.076% | $303K | $678K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.64 | −0.014% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.22 | −0.098% | $529K | $493K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 501.62 | −0.018% | $221 | — | 5x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0069% | 1h | 501.56 | −0.030% | $27K | $102K | 10x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.51 | −0.040% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.18 | −0.106% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.46 | −0.050% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythosshort | +0.0100% | 8h | 501.64 | −0.014% | $8K | — | 10x | |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.66 | −0.010% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0160% | 1h | 501.80 | +0.018% | $1.1M | $586K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.31 | +0.120% | $115K | $45K | 30x | as long as short |
| Arcus MSFT-USD | +0.0286% | 1h | 501.59 | −0.024% | $97K | $109K | 10x | as long as short |
Bitget MSFTUSDT
edgeX MSFTUSDC
BloFin MSFT-USDT
Coinbase International MSFT-PERP-INTX
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-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Bybit MSFTUSDT
Lighter RH MSFT
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Deribit MSFT_USDC-PERPETUAL
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Lighter MSFT
Injective MSFT/USDC PERP