MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.010%

Price spread now: Variational Omni against Coinbase International+0.015%7-day average +0.109% · you sell dearer than you buy

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.015%, 7d avg +0.109%

Together, before fees−0.041%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.094% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.109%). If the spread goes back, that is −$9 on $10k: about 7.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSFT-PERP-INTX	500.97	−0.0040	get 0.0005% / 1h	50m 19s	$678K	$458K	10x
Short	Variational Omni MSFT	501.05	0	get 0.0000% / 8h	4h 50m	$1.3M	$617K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.015%Rate

Funding earned: $8.4
Price spread: +0.015% → +0.109%: −$9.37
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.97
Costs to cover: 0.100%
Break-even: 16.1 days

Slippage unknown: Coinbase International: live order book, 8 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 8 min ago	2.70 bp	8.3 bp −$8	10.4 bp −$104	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.74 bp	doesn't fit	17.9 bp −$179	doesn't fit	doesn't fit

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
Deribit MSFT_USDC-PERPETUAL	−0.0109%	1h	500.83	−0.028%	$27K	$41K	10x	as long as short
Nado MSFT-PERP	−0.0051%	1h	501.10	+0.025%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTXlong	−0.0040%	1h	500.97	long leg	$678K	$458K	10x
Aster MSFTUSDT	0.0000%	8h	501.33	+0.071%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.03	+0.012%	$341K	$893K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.16	+0.038%	$15.7M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	500.92	−0.010%	$7.2M	$2.1M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.24	+0.054%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.06	+0.018%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.16	+0.038%	$4.5M	$2.5M	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 MSFTshort	0.0000%	8h	501.05	+0.015%	$1.3M	$617K	—
GRVT MSFT_USDT_Perp	0.0000%	8h	501.19	+0.045%	$19K	$300K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	501.91	+0.188%	$6K	$4.0M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	500.98	+0.002%	$58K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.32	+0.070%	$2.2M	$771K	10x	as long as short
BloFin MSFT-USDT	+0.0005%	8h	501.14	+0.034%	$190K	$204K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	500.95	−0.004%	$680K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	501.09	+0.024%	$1.1M	$5.6M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	500.89	−0.016%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.14	+0.034%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	500.83	−0.028%	$10K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0048%	1h	500.85	−0.024%	$32K	$8K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.83	−0.028%	$22.1M	$8.7M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.83	−0.028%	$301K	$647K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.02	+0.010%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.77	−0.040%	$516K	$442K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	501.11	+0.028%	$220	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.81	−0.032%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.69	−0.056%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.10	+0.026%	$8K	—	10x	as long as short
Lighter MSFT	+0.0104%	1h	501.26	+0.058%	$1.1M	$479K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.03	+0.012%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.34	+0.074%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0290%	4h	501.08	+0.022%	$102K	$243K	10x	as long as short