Funding you earn now, next payment 03:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.051%
Price spread now: SoDEX against Injective−0.112%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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and SoDEX is 0.112% cheaper against Injective than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MSFT/USDC PERP | 501.73 | 0.0220 | pay 0.0028% / 1h | 12m 26s | $115K | $45K | 30x |
| Short | SoDEX MSFT-USD | 501.17 | 0.0050 | get 0.0006% / 1h | 12m 26s | $60K | $3K | 10x |
Injective MSFT/USDC PERP
SoDEX MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Injective. 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
- −$35.7
- Price spread: −0.112% → 0.000%
- −$11.16
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$54.88
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Injective: live order book, 51 min ago; SoDEX: 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, 51 min ago | 9.97 bp | 10.0 bp −$10 | 10.0 bp −$100 | 65077.8 bp −$6.51M | 365388.2 bp −$182.69M |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 500.97 | −0.151% | $678K | $458K | 10x | as long as short |
| Nado MSFT-PERP | −0.0033% | 1h | 500.98 | −0.149% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.28 | −0.089% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 500.96 | −0.154% | $337K | $892K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.09 | −0.128% | $15.7M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 500.85 | −0.175% | $7.1M | $2.1M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.34 | −0.078% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.06 | −0.134% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.15 | −0.116% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.32 | −0.082% | $1.3M | $650K | — | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.34 | −0.077% | $18K | $299K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.11 | +0.076% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 500.90 | −0.165% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.23 | −0.100% | $58K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.68 | −0.010% | $2.2M | $770K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0029% | 8h | 501.45 | −0.056% | $190K | $204K | 20x | as long as short |
| QFEX MSFT-USD | +0.0030% | 1h | 501.09 | −0.128% | $1.1M | $5.6M | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 500.98 | −0.149% | $684K | $2.0M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.07 | −0.132% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.10 | −0.126% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 500.72 | −0.201% | $22.1M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.70 | −0.205% | $301K | $648K | 10x | as long as short |
| SoDEX MSFT-USDshort | +0.0050% | 1h | 501.17 | −0.112% | $60K | $3K | 10x | |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.75 | −0.195% | $516K | $494K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0058% | 8h | 501.02 | −0.142% | $220 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 501.11 | −0.124% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.07 | −0.132% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.11 | −0.124% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.22 | −0.102% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.22 | −0.102% | $55 | — | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0176% | 1h | 500.85 | −0.175% | $32K | $8K | 20x | as long as short |
| Lighter MSFT | +0.0184% | 1h | 501.25 | −0.096% | $1.1M | $469K | 20x | as long as short |
| Injective MSFT/USDC PERPlong | +0.0220% | 1h | 501.73 | long leg | $115K | $45K | 30x | |
| edgeX MSFTUSDC | +0.0872% | 4h | 501.31 | −0.084% | $102K | $244K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
QFEX MSFT-USD
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Hotstuff MSFT-PERP
Lighter MSFT
edgeX MSFTUSDC