Funding you earn now, next payment 05:00 UTC+0.0312%/8h= +34.2% APRnext payment +$0.39 per $10,000 · paid last 24h +0.106%
Price spread now: Aevo against Hotstuff+0.109%46s7-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
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Aevo is 0.109% dearer against Hotstuff than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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 | Hotstuff MSFT-PERP | 502.65 | −0.0208 | get 0.0026% / 1h | 9m 39s | $32K | $8K | 20x |
| Short | Aevo MSFT-PERP | 503.20 | 0.0104 | get 0.0013% / 1h | 9m 39s | $55 | — | 10x |
Hotstuff MSFT-PERP
Aevo MSFT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Hotstuff. 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
- $65.52
- Price spread: +0.109% → 0.000%
- $10.89
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- $55.41
- Costs to cover
- 0.210%
- Break-even
- 1.1 days
Slippage unknown: Hotstuff: no order-book sample; Aevo: 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Aevo no order-book sample | — | — | — | — | — |
Hotstuff and Aevo: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0324% | 4h | 503.07 | +0.084% | $102K | $242K | 10x | as long as short |
| Hotstuff MSFT-PERPlong | −0.0208% | 1h | 502.65 | long leg | $32K | $8K | 20x | |
| Nado MSFT-PERP | −0.0104% | 1h | 503.24 | +0.118% | $414K | $65K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 502.66 | +0.002% | $680K | $451K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.42 | +0.153% | $162K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.58 | +0.185% | $339K | $890K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.75 | +0.219% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.40 | +0.149% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.73 | +0.215% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.28 | +0.125% | $3.1M | $1.8M | 100x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 503.56 | +0.181% | $4.5M | $2.6M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 502.85 | +0.039% | $1.3M | $490K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.10 | +0.090% | $19K | $301K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.17 | +0.302% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.06 | +0.082% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.29 | +0.127% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.36 | +0.141% | $2.2M | $779K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0006% | 1h | 503.07 | +0.084% | $22.2M | $8.8M | 20x | as long as short |
| BloFin MSFT-USDT | +0.0029% | 8h | 503.09 | +0.088% | $190K | $205K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.38 | +0.145% | $1.1M | $504K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.23 | +0.115% | $679K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 503.55 | +0.179% | $1.1M | $4.9M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 502.95 | +0.060% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.13 | +0.095% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 502.95 | +0.060% | $11K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 502.95 | +0.060% | $304K | $705K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.11 | +0.092% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.25 | +0.119% | $512K | $459K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 503.38 | +0.146% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.81 | +0.032% | $1.6M | $56K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.93 | +0.056% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.17 | +0.103% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERPshort | +0.0104% | 1h | 503.20 | +0.109% | $55 | — | 10x | |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.08 | +0.086% | $115K | $45K | 30x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
tradeXYZ xyz:MSFT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Injective MSFT/USDC PERP