Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.067%
Price spread now: Gate against Hotstuff−0.004%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff MSFT-PERP | 501.35 | 0.0032 | pay 0.0004% / 1h | 36m 35s | $32K | $8K | 20x |
| Short | Gate MSFT_USDT | 501.33 | 0 | get 0.0000% / 8h | 2h 36m | $3.1M | $1.5M | 100x |
Hotstuff MSFT-PERP
Gate MSFT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$6.72
- Price spread: −0.004% → 0.000%
- −$0.4
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$27.12
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago | 4.89 bp | 12.8 bp −$13 | 47.0 bp −$470 | 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 | −0.0982% | 4h | 501.67 | +0.063% | $102K | $243K | 10x | as long as short |
| Nado MSFT-PERP | −0.0047% | 1h | 501.42 | +0.013% | $414K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0040% | 1h | 501.71 | +0.072% | $689K | $431K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0012% | 8h | 501.78 | +0.086% | $189K | $209K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.01 | +0.132% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.60 | +0.049% | $372K | $369K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.65 | +0.060% | $15.7M | $19.2M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.78 | +0.086% | $7.4M | $1.7M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.68 | +0.066% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDTshort | 0.0000% | 8h | 501.33 | −0.004% | $3.1M | $1.5M | 100x |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 501.59 | +0.048% | $3.8M | $2.2M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.70 | +0.070% | $1.3M | $724K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.63 | +0.056% | $18K | $330K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.43 | +0.215% | $6K | $4.4M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.57 | +0.044% | $27K | $104K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.52 | +0.034% | $59K | $230K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.83 | +0.096% | $2.2M | $758K | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 501.63 | +0.056% | $1.1M | $653K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.54 | +0.038% | $665K | $2.2M | 20x | as long as short |
| Hotstuff MSFT-PERPlong | +0.0032% | 1h | 501.35 | long leg | $32K | $8K | 20x | |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.70 | +0.070% | — | — | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.33 | −0.004% | $22.2M | $9.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.18 | −0.034% | $304K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.62 | +0.054% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 501.60 | +0.051% | $221 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.27 | −0.016% | $515K | $479K | 15x | as long as short |
| QFEX MSFT-USD | +0.0050% | 1h | 501.68 | +0.066% | $1.2M | $5.7M | 10x | as long as short |
| Phoenix MSFT | +0.0096% | 1h | 501.50 | +0.030% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.48 | +0.026% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.31 | −0.008% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.62 | +0.054% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.64 | +0.058% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.96 | +0.122% | $115K | $45K | 30x | as long as short |
| Arcus MSFT-USD | +0.0531% | 1h | 501.49 | +0.028% | $109K | $90K | 10x | 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
Lighter MSFT
Lighter RH MSFT
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Ondo Perps MSFT-USD.P
QFEX MSFT-USD
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
Arcus MSFT-USD