MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.05 per $10,000 · paid last 24h +0.082%

Price spread now: Vest against Hotstuff+0.026%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 Vest

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 · Vest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Vest is 0.026% dearer against Hotstuff than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff MSFT-PERP	501.62	0.0088	pay 0.0011% / 1h	29m 54s	$32K	$8K	20x
Short	Vest MSFT-USD-PERP	501.75	0.0046	get 0.0006% / 1h	29m 54s	—	$1K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$8.89
Price spread: +0.026% → 0.000%: $2.59
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Vest: 1 bp × 2 orders: −$2
Net: −$13.3
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Vest: no order-book sample. 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 Vest no order-book sample	—	—	—	—	—

Hotstuff and Vest: 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	−0.0817%	4h	501.97	+0.069%	$102K	$243K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.04	+0.083%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.00	+0.076%	$337K	$407K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.09	+0.094%	$15.7M	$19.3M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.18	+0.112%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.78	+0.032%	$3.1M	$1.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.98	+0.072%	$1.3M	$708K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.01	+0.078%	$18K	$318K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.86	+0.247%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.76	+0.028%	$27K	$104K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.58	−0.008%	$688K	$449K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.93	+0.062%	$58K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.18	+0.112%	$2.2M	$763K	10x	as long as short
BloFin MSFT-USDT	0.0000%	8h	502.04	+0.084%	$188K	$209K	20x	as long as short
Bitget MSFTUSDT	+0.0006%	8h	502.07	+0.090%	$3.8M	$2.2M	100x	as long as short
Bybit MSFTUSDT	+0.0021%	8h	502.03	+0.082%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.92	+0.060%	$653K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	501.97	+0.070%	$1.1M	$5.8M	10x	as long as short
Nado MSFT-PERP	+0.0043%	1h	501.69	+0.015%	$414K	$64K	20x	as long as short
Vest MSFT-USD-PERPshort	+0.0046%	1h	501.75	+0.026%	—	$1K	25x
tradeXYZ xyz:MSFT	+0.0050%	1h	501.59	−0.006%	$22.3M	$9.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.58	−0.008%	$305K	$680K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.99	+0.074%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.62	0.000%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0062%	8h	501.87	+0.051%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.61	−0.002%	$10K	$15K	20x	as long as short
Hotstuff MSFT-PERPlong	+0.0088%	1h	501.62	long leg	$32K	$8K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	501.57	−0.010%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.79	+0.034%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.91	+0.058%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.96	+0.067%	$55	—	10x	as long as short
Lighter MSFT	+0.0168%	1h	502.10	+0.096%	$1.1M	$590K	20x	as long as short
Arcus MSFT-USD	+0.0200%	1h	501.94	+0.064%	$98K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.17	+0.110%	$115K	$45K	30x	as long as short