MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.006%

Price spread now: Phoenix against Extended−0.017%68s7-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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSFT_24_5-USD	501.66	0	get 0.0000% / 1h	28m 15s	$372K	$369K	17x
Short	Phoenix MSFT	501.57	0.0096	get 0.0012% / 1h	28m 15s	$10K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.017%Rate

Funding earned: $20.1
Price spread: −0.017% → 0.000%: −$1.74
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $6.36
Costs to cover: 0.120%
Break-even: 4.8 days

Slippage unknown: Extended: live order book, 59 min ago; Phoenix: 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, 59 min ago	0.20 bp	5.3 bp −$5	26.3 bp −$263	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	501.53	−0.025%	$689K	$433K	10x	as long as short
Hotstuff MSFT-PERP	−0.0032%	1h	501.36	−0.059%	$32K	$8K	20x	as long as short
Nado MSFT-PERP	−0.0026%	1h	501.41	−0.050%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.01	+0.070%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USDlong	0.0000%	1h	501.66	long leg	$372K	$369K	17x
Binance MSFTUSDT	0.0000%	8h	501.71	+0.011%	$15.7M	$19.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.83	+0.034%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.94	+0.056%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.54	−0.023%	$3.1M	$1.5M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.70	+0.009%	$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	501.82	+0.033%	$1.3M	$726K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.67	+0.003%	$18K	$330K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.46	+0.160%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.62	−0.007%	$27K	$104K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.60	−0.011%	$58K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.24	+0.116%	$2.2M	$762K	10x	as long as short
BloFin MSFT-USDT	+0.0025%	8h	501.81	+0.030%	$189K	$209K	20x	as long as short
Lighter MSFT	+0.0032%	1h	501.67	+0.003%	$1.1M	$653K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.57	−0.017%	$662K	$2.2M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.68	+0.005%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.37	−0.057%	$22.2M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.26	−0.079%	$309K	$683K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.66	+0.001%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	501.63	−0.006%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.31	−0.069%	$515K	$485K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.69	+0.007%	$1.2M	$5.7M	10x	as long as short
Phoenix MSFTshort	+0.0096%	1h	501.57	−0.017%	$10K	$15K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	501.21	−0.089%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.29	−0.073%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.61	−0.009%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.64	−0.004%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.03	+0.074%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0333%	4h	501.77	+0.022%	$102K	$244K	10x	as long as short
Arcus MSFT-USD	+0.0531%	1h	501.55	−0.021%	$109K	$90K	10x	as long as short