MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.027%

Price spread now: Orderly against Bybit+0.030%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

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 Orderly is 0.030% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MSFTUSDT	503.73	0	get 0.0000% / 8h	7h 55m	$7.2M	$2.3M	100x
Short	Orderly PERP_MSFT_USDC_mythos	503.88	0.0100	get 0.0100% / 8h	7h 55m	$8K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. 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 BybitbpFee OrderlybpOrdersPrice spread, now +0.030%Rate

Funding earned: $21
Price spread: +0.030% → 0.000%: $2.98
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: $6.98
Costs to cover: 0.170%
Break-even: 4.7 days

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	1.29 bp	12.6 bp −$13	40.1 bp −$401	doesn't fit	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
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	503.62	−0.022%	$689K	$479K	10x	as long as short
Nado MSFT-PERP	−0.0052%	1h	503.48	−0.049%	$414K	$67K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.79	+0.012%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.90	+0.034%	$339K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.03	+0.059%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDTlong	0.0000%	8h	503.73	long leg	$7.2M	$2.3M	100x
OKX MSFT-USDT-SWAP	0.0000%	8h	504.15	+0.083%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.88	+0.030%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.04	+0.062%	$3.9M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.97	+0.048%	$1.3M	$392K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	503.46	−0.054%	$19K	$318K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.82	+0.216%	$6K	$3.7M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.91	+0.036%	$27K	$44K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.92	+0.038%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.03	+0.060%	$2.2M	$821K	10x	as long as short
QFEX MSFT-USD	+0.0023%	1h	503.96	+0.046%	$1.1M	$4.6M	10x	as long as short
Hotstuff MSFT-PERP	+0.0024%	1h	503.09	−0.127%	$32K	$8K	20x	as long as short
BloFin MSFT-USDT	+0.0028%	8h	503.89	+0.032%	$192K	$206K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.91	+0.036%	$1.2M	$509K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.84	+0.022%	$705K	$1.8M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.80	+0.014%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.87	+0.028%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.54	−0.038%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.58	−0.030%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.77	+0.008%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.58	−0.030%	$513K	$430K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	503.57	−0.032%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.05	−0.135%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.49	−0.048%	$1.6M	$87K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	502.95	−0.155%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythosshort	+0.0100%	8h	503.88	+0.030%	$8K	—	10x
Aevo MSFT-PERP	+0.0104%	1h	503.91	+0.036%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.87	+0.028%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0947%	4h	503.54	−0.037%	$102K	$244K	10x	as long as short