MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.145%

Price spread now: Hotstuff against Injective−0.132%45s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Hotstuff

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Hotstuff is 0.132% cheaper against Injective than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MSFT/USDC PERP	501.82	0.0220	pay 0.0028% / 1h	14m 38s	$115K	$45K	30x
Short	Hotstuff MSFT-PERP	501.16	0.0152	get 0.0019% / 1h	14m 38s	$32K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Injective. 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 InjectivebpFee HotstuffbpOrdersPrice spread, now −0.132%Rate

Funding earned: −$14.28
Price spread: −0.132% → 0.000%: −$13.15
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$32.45
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 59 min ago; Hotstuff: 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 Injective live order book, 59 min ago	10.76 bp	10.8 bp −$11	10.8 bp −$108	65073.7 bp −$6.51M	365367.4 bp −$182.68M
Sell Hotstuff no order-book sample	—	—	—	—	—

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
BloFin MSFT-USDT	−0.0016%	8h	501.51	−0.062%	$188K	$205K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.24	−0.116%	$685K	$453K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.48	−0.068%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.39	−0.085%	$337K	$900K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.51	−0.062%	$15.7M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.31	−0.102%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.51	−0.062%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.30	−0.104%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.55	−0.054%	$3.8M	$2.1M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.45	−0.074%	$1.3M	$690K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.51	−0.062%	$18K	$293K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.26	+0.088%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.16	−0.132%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.42	−0.080%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.09	+0.054%	$2.2M	$761K	10x	as long as short
Nado MSFT-PERP	+0.0015%	1h	501.10	−0.144%	$414K	$64K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.29	−0.106%	$619K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	501.42	−0.080%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.31	−0.102%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.19	−0.126%	$22.2M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.98	−0.167%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.37	−0.090%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.99	−0.165%	$514K	$503K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.39	−0.086%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.11	−0.141%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.31	−0.102%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.02	−0.159%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.36	−0.092%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.35	−0.093%	$55	—	10x	as long as short
Lighter MSFT	+0.0112%	1h	501.51	−0.062%	$1.1M	$486K	20x	as long as short
Hotstuff MSFT-PERPshort	+0.0152%	1h	501.16	−0.132%	$32K	$8K	20x
Arcus MSFT-USD	+0.0212%	1h	501.32	−0.100%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERPlong	+0.0220%	1h	501.82	long leg	$115K	$45K	30x
edgeX MSFTUSDC	+0.0600%	4h	501.39	−0.086%	$102K	$244K	10x	as long as short