Funding you earn now, next payment 09:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h +0.023%
Price spread now: SoDEX against Coinbase International+0.139%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.139% dearer against Coinbase International than usual: you sell high and buy low: +$14 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 | Coinbase International MSFT-PERP-INTX | 503.50 | −0.0032 | get 0.0004% / 1h | 18m 18s | $691K | $471K | 10x |
| Short | SoDEX MSFT-USD | 504.20 | 0.0050 | get 0.0006% / 1h | 18m 18s | $61K | $3K | 10x |
Coinbase International MSFT-PERP-INTX
SoDEX MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $17.22
- Price spread: +0.139% → 0.000%
- $13.9
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $13.12
- Costs to cover
- 0.180%
- Break-even
- 1.7 days
Slippage unknown: Coinbase International: live order book, 33 min ago; SoDEX: 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, 33 min ago | 2.28 bp | 7.6 bp −$8 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 exchanges
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 | −0.0190% | 4h | 504.31 | +0.161% | $103K | $243K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTXlong | −0.0032% | 1h | 503.50 | long leg | $691K | $471K | 10x | |
| Aster MSFTUSDT | 0.0000% | 8h | 504.09 | +0.117% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.29 | +0.158% | $325K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.45 | +0.188% | $16.3M | $19.9M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.11 | +0.121% | $7.3M | $2.3M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.10 | +0.119% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.11 | +0.121% | $3.9M | $2.8M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 504.27 | +0.153% | $1.3M | $393K | — | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.21 | +0.340% | $6K | $3.5M | 20x | as long as short |
edgeX MSFTUSDC
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
SunX MSFT-USDTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 504.05 | +0.109% | $27K | $45K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.31 | +0.161% | $52K | $240K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.81 | +0.260% | $2.3M | $887K | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0016% | 1h | 503.86 | +0.071% | $33K | $8K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0027% | 8h | 504.36 | +0.171% | $202K | $208K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 504.18 | +0.135% | $1.2M | $481K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.22 | +0.143% | $691K | $1.8M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.28 | +0.155% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 504.13 | +0.125% | $11K | $5K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.0049% | 8h | 504.35 | +0.169% | $3.2M | $2.7M | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.90 | +0.079% | $22.5M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 504.04 | +0.107% | $314K | $663K | 10x | as long as short |
| SoDEX MSFT-USDshort | +0.0050% | 1h | 504.20 | +0.139% | $61K | $3K | 10x | |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.89 | +0.077% | $532K | $380K | 15x | as long as short |
| Arcus MSFT-USD | +0.0052% | 1h | 504.11 | +0.121% | $93K | $83K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0056% | 8h | 504.16 | +0.132% | $222 | — | 5x | as long as short |
| QFEX MSFT-USD | +0.0061% | 1h | 504.35 | +0.169% | $1.1M | $4.6M | 10x | as long as short |
| Nado MSFT-PERP | +0.0064% | 1h | 504.05 | +0.110% | $412K | $70K | 20x | as long as short |
| GRVT MSFT_USDT_Perp | +0.0087% | 8h | 504.30 | +0.159% | $19K | $315K | 10x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.73 | +0.046% | $1.6M | $188K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.84 | +0.068% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.24 | +0.147% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.30 | +0.159% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.24 | +0.147% | $115K | $45K | 30x | as long as short |
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Hotstuff MSFT-PERP
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
Vest MSFT-USD-PERP
Phoenix MSFT
OKX MSFT-USDT-SWAP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
Ondo Perps MSFT-USD.P
Arcus MSFT-USD
Paradex MSFT-USD-PERP
QFEX MSFT-USD
Nado MSFT-PERP
GRVT MSFT_USDT_Perp
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP