MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.084%

Price spread now: Hotstuff against Extended−0.071%7-day average — · you buy dearer than you sell

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

Long on Extended 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 airdropExtended: Active · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Hotstuff is 0.071% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSFT_24_5-USD	501.43	0	get 0.0000% / 1h	27m 55s	$342K	$894K	17x
Short	Hotstuff MSFT-PERP	501.07	−0.0016	pay 0.0002% / 1h	27m 55s	$32K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$3.36
Price spread: −0.071% → 0.000%: −$7.13
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$20.49
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 40 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 Extended live order book, 40 min ago	0.70 bp	6.0 bp −$6	38.6 bp −$386	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 33 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
Hotstuff MSFT-PERPshort	−0.0016%	1h	501.07	−0.071%	$32K	$8K	20x
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	500.87	−0.111%	$684K	$451K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.49	+0.013%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USDlong	0.0000%	1h	501.43	long leg	$342K	$894K	17x
Binance MSFTUSDT	0.0000%	8h	501.56	+0.025%	$15.6M	$18.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.38	−0.009%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.65	+0.044%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.34	−0.017%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.42	−0.002%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.49	+0.012%	$1.3M	$682K	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.44	+0.002%	$19K	$296K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.29	+0.172%	$6K	$4.1M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.46	+0.006%	$58K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.54	+0.022%	$2.2M	$765K	10x	as long as short
Nado MSFT-PERP	+0.0004%	1h	501.13	−0.059%	$414K	$64K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.29	−0.027%	$618K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	501.37	−0.011%	$1.1M	$5.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.31	−0.023%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.31	−0.023%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.06	−0.073%	$22.1M	$9.2M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.11	−0.063%	$303K	$671K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.41	−0.004%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.15	−0.055%	$521K	$518K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	501.36	−0.014%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.21	−0.043%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.09	−0.067%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.92	−0.101%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.37	−0.011%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.41	−0.004%	$55	—	10x	as long as short
Lighter MSFT	+0.0168%	1h	501.57	+0.028%	$1.1M	$489K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0169%	1h	501.26	−0.033%	$27K	$41K	10x	as long as short
edgeX MSFTUSDC	+0.0200%	4h	501.48	+0.011%	$102K	$244K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.62	+0.038%	$115K	$45K	30x	as long as short