MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h −0.071%

Price spread now: Hotstuff against Coinbase International−0.056%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 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 0.056% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSFT-PERP-INTX	501.71	−0.0040	get 0.0005% / 1h	32m 29s	$689K	$431K	10x
Short	Hotstuff MSFT-PERP	501.43	0.0048	get 0.0006% / 1h	32m 29s	$32K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Coinbase International. 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 Coinbase InternationalbpFee HotstuffbpOrdersPrice spread, now −0.056%Rate

Funding earned: $18.48
Price spread: −0.056% → 0.000%: −$5.58
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$2.1
Costs to cover: 0.150%
Break-even: 7.8 days

Slippage unknown: Coinbase International: live order book, 55 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 Coinbase International live order book, 55 min ago	2.29 bp	8.1 bp −$8	10.5 bp −$105	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	−0.0040%	1h	501.52	−0.037%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTXlong	−0.0040%	1h	501.71	long leg	$689K	$431K	10x
BloFin MSFT-USDT	−0.0022%	8h	501.81	+0.020%	$189K	$209K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.01	+0.060%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.73	+0.004%	$372K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.76	+0.010%	$15.7M	$19.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.79	+0.016%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.68	−0.006%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.60	−0.022%	$3.1M	$1.5M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.78	+0.014%	$3.8M	$2.2M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.64	−0.013%	$1.3M	$726K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.65	−0.011%	$18K	$329K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.52	+0.161%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.71	0.000%	$27K	$104K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.67	−0.008%	$58K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.84	+0.026%	$2.2M	$759K	10x	as long as short
Lighter MSFT	+0.0032%	1h	501.74	+0.006%	$1.1M	$653K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.64	−0.014%	$662K	$2.2M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.72	+0.002%	—	—	25x	as long as short
Hotstuff MSFT-PERPshort	+0.0048%	1h	501.43	−0.056%	$32K	$8K	20x
tradeXYZ xyz:MSFT	+0.0050%	1h	501.42	−0.058%	$22.2M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.32	−0.078%	$309K	$683K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.71	0.000%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	501.71	−0.001%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.25	−0.092%	$515K	$479K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.69	−0.004%	$1.2M	$5.7M	10x	as long as short
Phoenix MSFT	+0.0096%	1h	501.59	−0.024%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.52	−0.038%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.25	−0.092%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.66	−0.010%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.75	+0.008%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.96	+0.050%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0531%	1h	501.59	−0.024%	$109K	$90K	10x	as long as short
edgeX MSFTUSDC	+0.0930%	4h	501.68	−0.006%	$102K	$243K	10x	as long as short