MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.105%

Price spread now: ApeX Omni against Hotstuff+0.054%57s7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and ApeX Omni is 0.054% dearer against Hotstuff than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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	503.25	−0.0056	get 0.0007% / 1h	1m 49s	$32K	$8K	20x
Short	ApeX Omni MSFTUSDT	503.52	0.0100	get 0.0013% / 1h	1m 49s	$160K	$7K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hotstuff. 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 HotstuffbpFee ApeX OmnibpOrdersPrice spread, now +0.054%Rate

Funding earned: $32.76
Price spread: +0.054% → 0.000%: $5.37
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $23.13
Costs to cover: 0.150%
Break-even: 2.1 days

Slippage unknown: Hotstuff: no order-book sample; ApeX Omni: live order book, 49 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 Hotstuff no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 49 min ago	7.49 bp	12.5 bp −$12	79.4 bp −$794	doesn't fit	doesn't fit

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 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
Nado MSFT-PERP	−0.0096%	1h	503.43	+0.036%	$414K	$65K	20x	as long as short
Hotstuff MSFT-PERPlong	−0.0056%	1h	503.25	long leg	$32K	$8K	20x
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	503.33	+0.016%	$685K	$460K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.60	+0.070%	$162K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.71	+0.091%	$339K	$1.1M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.87	+0.123%	$15.8M	$19.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.57	+0.064%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.74	+0.097%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.56	+0.062%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.61	+0.072%	$4.4M	$2.6M	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	503.40	+0.029%	$1.3M	$493K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.55	+0.060%	$18K	$303K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.63	+0.274%	$6K	$4.0M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.69	+0.087%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.99	+0.147%	$2.2M	$786K	10x	as long as short
BloFin MSFT-USDT	+0.0013%	8h	503.82	+0.113%	$190K	$205K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0019%	1h	503.37	+0.024%	$22.3M	$8.8M	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.91	+0.131%	$1.2M	$524K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.50	+0.050%	$680K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	503.62	+0.074%	$1.2M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.36	+0.022%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.59	+0.068%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	503.27	+0.004%	$11K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.39	+0.028%	$303K	$713K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.58	+0.066%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.08	−0.034%	$512K	$456K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	503.78	+0.105%	$222	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.21	−0.008%	$1.6M	$56K	20x	as long as short
ApeX Omni MSFTUSDTshort	+0.0100%	1h	503.52	+0.054%	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.55	+0.060%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.60	+0.069%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0187%	1h	503.58	+0.066%	$27K	$42K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.84	+0.117%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0954%	4h	503.42	+0.035%	$102K	$243K	10x	as long as short