MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.011%

Price spread now: Coinbase International against Extended−0.063%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.063%, 7d avg −0.091%

Together, before fees−0.013%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.028% dearer against Extended than usual: you sell high and buy low (spread −0.063% now, against its 7-day average of −0.091%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 7 days (−0.042% in total) that is about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSFT_24_5-USD	503.66	0	get 0.0000% / 1h	56m 33s	$339K	$1.9M	17x
Short	Coinbase International MSFT-PERP-INTX	503.34	−0.0056	pay 0.0007% / 1h	56m 33s	$690K	$480K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$11.76
Price spread: −0.063% → −0.091%: $2.79
Slippage, 4 orders: −$15.02
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$38.99
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Coinbase International: live order book, 42 min ago.

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 Extended live order book, 2 min ago	0.89 bp	6.5 bp −$6	38.6 bp −$386	doesn't fit	doesn't fit
Sell Coinbase International live order book, 42 min ago	3.18 bp	8.7 bp −$9	10.1 bp −$101	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
Coinbase International MSFT-PERP-INTXshort	−0.0056%	1h	503.34	−0.063%	$690K	$480K	10x
Nado MSFT-PERP	−0.0052%	1h	503.48	−0.035%	$414K	$67K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.86	+0.040%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USDlong	0.0000%	1h	503.66	long leg	$339K	$1.9M	17x
Binance MSFTUSDT	0.0000%	8h	503.99	+0.066%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.70	+0.008%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.07	+0.082%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.54	−0.023%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.82	+0.032%	$3.9M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.61	−0.009%	$1.3M	$400K	—	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	−0.039%	$19K	$318K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.63	+0.193%	$6K	$3.7M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.66	0.000%	$27K	$44K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.76	+0.020%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.23	+0.114%	$2.2M	$820K	10x	as long as short
QFEX MSFT-USD	+0.0023%	1h	503.96	+0.060%	$1.1M	$4.6M	10x	as long as short
Hotstuff MSFT-PERP	+0.0024%	1h	503.09	−0.113%	$32K	$8K	20x	as long as short
BloFin MSFT-USDT	+0.0028%	8h	503.89	+0.046%	$192K	$206K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.57	−0.017%	$1.2M	$509K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.49	−0.033%	$705K	$1.8M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.80	+0.028%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.72	+0.012%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.29	−0.073%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.45	−0.041%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.61	−0.009%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.58	−0.015%	$513K	$430K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	503.57	−0.017%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.05	−0.121%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.21	−0.089%	$1.6M	$86K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	502.95	−0.140%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.77	+0.022%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.83	+0.033%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.87	+0.042%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0947%	4h	503.54	−0.022%	$102K	$244K	10x	as long as short