Funding you earn now, next payment 03:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.075%
Price spread now: Bitget against Hotstuff+0.088%7-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 +$3 a day on $10k at the current rate, and Bitget is 0.088% dearer against Hotstuff than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff MSFT-PERP | 501.44 | −0.0088 | get 0.0011% / 1h | 44m 00s | $32K | $8K | 20x |
| Short | Bitget MSFTUSDT | 501.88 | 0 | get 0.0000% / 8h | 5h 44m | $4.5M | $2.5M | 100x |
Hotstuff MSFT-PERP
Bitget MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $18.48
- Price spread: +0.088% → 0.000%
- $8.77
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $10.25
- Costs to cover
- 0.170%
- Break-even
- 3.1 days
Slippage unknown: Hotstuff: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago | 0.90 bp | 9.8 bp −$10 | 14.2 bp −$142 | 41.5 bp −$4,148 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0248% | 4h | 501.70 | +0.052% | $102K | $244K | 10x | as long as short |
| Nado MSFT-PERP | −0.0089% | 1h | 501.57 | +0.026% | $414K | $64K | 20x | as long as short |
| Hotstuff MSFT-PERPlong | −0.0088% | 1h | 501.44 | long leg | $32K | $8K | 20x | |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 501.24 | −0.040% | $679K | $456K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0011% | 8h | 502.06 | +0.124% | $189K | $204K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.78 | +0.067% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.83 | +0.079% | $338K | $891K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.99 | +0.109% | $15.6M | $18.9M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.80 | +0.072% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.95 | +0.102% | $3.0M | $2.3M | 20x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | 0.0000% | 8h | 501.74 | +0.060% | $3.1M | $1.6M | 100x | as long as short |
| Bitget MSFTUSDTshort | 0.0000% | 8h | 501.88 | +0.088% | $4.5M | $2.5M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 501.83 | +0.077% | $1.3M | $650K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.74 | +0.059% | $18K | $293K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.74 | +0.259% | $6K | $4.1M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.88 | +0.088% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.92 | +0.096% | $2.2M | $768K | 10x | as long as short |
| QFEX MSFT-USD | +0.0030% | 1h | 501.79 | +0.070% | $1.2M | $5.7M | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.62 | +0.036% | $669K | $2.0M | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0037% | 1h | 501.41 | −0.006% | $22.1M | $9.1M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.59 | +0.030% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.64 | +0.040% | — | $1K | 25x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.47 | +0.006% | $303K | $647K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.86 | +0.084% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.39 | −0.010% | $522K | $483K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0055% | 8h | 501.84 | +0.080% | $221 | — | 5x | as long as short |
| Lighter MSFT | +0.0056% | 1h | 501.87 | +0.086% | $1.1M | $456K | 20x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 501.45 | +0.002% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.63 | +0.038% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.36 | −0.016% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.74 | +0.060% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.76 | +0.063% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.81 | +0.074% | $115K | $45K | 30x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0348% | 1h | 501.77 | +0.066% | $27K | $41K | 10x | as long as short |
Gate MSFT_USDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
QFEX MSFT-USD
Lighter RH MSFT
tradeXYZ xyz:MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Lighter MSFT
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
Deribit MSFT_USDC-PERPETUAL