MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0141%/8h= +15.4% APRnext payment +$0.18 per $10,000 · paid last 24h +0.091%

Price spread now: Deribit against Hotstuff+0.040%7-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 Deribit

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 airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.040% dearer against Hotstuff than usual: you sell high and buy low: +$4 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	501.40	0.0008	pay 0.0001% / 1h	0m 05s	$32K	$8K	20x
Short	Deribit MSFT_USDC-PERPETUAL	501.60	0.0149	get 0.0019% / 1h	0m 05s	$27K	$102K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.040%Rate

Funding earned: $29.58
Price spread: +0.040% → 0.000%: $3.99
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $21.57
Costs to cover: 0.120%
Break-even: 1.9 days

Slippage unknown: Hotstuff: no order-book sample; Deribit: live order book, 13 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 Deribit live order book, 13 min ago	0.10 bp	10.1 bp −$10	13.1 bp −$131	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	−0.0019%	1h	501.46	+0.012%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.76	+0.072%	$687K	$449K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.80	+0.079%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.69	+0.058%	$337K	$387K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.80	+0.080%	$15.6M	$19.1M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.95	+0.110%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.57	+0.034%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.80	+0.080%	$3.8M	$2.3M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.66	+0.051%	$1.3M	$692K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.74	+0.068%	$18K	$294K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	502.48	+0.215%	$6K	$4.3M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.64	+0.048%	$59K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.38	+0.195%	$2.2M	$748K	10x	as long as short
BloFin MSFT-USDT	+0.0002%	8h	501.76	+0.072%	$188K	$209K	20x	as long as short
Hotstuff MSFT-PERPlong	+0.0008%	1h	501.40	long leg	$32K	$8K	20x
Bybit MSFTUSDT	+0.0032%	8h	501.82	+0.084%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.62	+0.044%	$621K	$2.1M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.57	+0.034%	—	$1K	25x	as long as short
QFEX MSFT-USD	+0.0049%	1h	501.70	+0.060%	$1.2M	$5.9M	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.49	+0.018%	$22.3M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.38	−0.004%	$303K	$678K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.70	+0.060%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.23	−0.034%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	501.64	+0.047%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.37	−0.006%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.23	−0.034%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.46	+0.012%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.67	+0.054%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.66	+0.052%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUALshort	+0.0149%	1h	501.60	+0.040%	$27K	$102K	10x
edgeX MSFTUSDC	+0.0150%	4h	501.63	+0.047%	$102K	$243K	10x	as long as short
Lighter MSFT	+0.0160%	1h	501.85	+0.090%	$1.1M	$586K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.31	+0.181%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0286%	1h	501.67	+0.054%	$97K	$109K	10x	as long as short