MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0208%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.082%

Price spread now: Extended against Hotstuff+0.137%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 Extended

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 · Extended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Extended is 0.137% dearer against Hotstuff than usual: you sell high and buy low: +$14 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	502.65	−0.0208	get 0.0026% / 1h	9m 41s	$32K	$8K	20x
Short	Extended MSFT_24_5-USD	503.34	0	get 0.0000% / 1h	9m 41s	$339K	$890K	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.137%Rate

Funding earned: $43.68
Price spread: +0.137% → 0.000%: $13.71
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $47.39
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Extended: live order book, 43 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 Extended live order book, 43 min ago	0.80 bp	5.9 bp −$6	33.8 bp −$338	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
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	−0.0106%	1h	503.12	+0.094%	$415K	$64K	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	503.33	+0.135%	$162K	$116K	20x	as long as short
Extended MSFT_24_5-USDshort	0.0000%	1h	503.34	+0.137%	$339K	$890K	17x
Binance MSFTUSDT	0.0000%	8h	503.67	+0.203%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.34	+0.137%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.72	+0.213%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.24	+0.117%	$3.1M	$1.8M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	503.37	+0.143%	$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	503.14	+0.097%	$1.1M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	502.82	+0.034%	$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
Paradex MSFT-USD-PERP	+0.0050%	8h	503.17	+0.103%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	502.81	+0.032%	$512K	$458K	15x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.79	+0.028%	$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-PERP	+0.0104%	1h	503.20	+0.109%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.08	+0.086%	$115K	$45K	30x	as long as short