MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: OKX against Orderly+0.034%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. OKX is 0.034% dearer against Orderly than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MSFT_USDC_mythos	504.72	0.0100	pay 0.0100% / 8h	7h 02m	$8K	—	10x
Short	OKX MSFT-USDT-SWAP	504.89	0	get 0.0000% / 8h	7h 02m	$3.0M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Orderly. 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 OrderlybpFee OKXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$21
Price spread: +0.034% → 0.000%: $3.37
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$33.63
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; OKX: live order book, 5 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 Orderly no order-book sample	—	—	—	—	—
Sell OKX live order book, 5 min ago	0.69 bp	8.1 bp −$8	9.3 bp −$93	doesn't fit	doesn't fit

Orderly: 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	−0.0838%	4h	504.53	−0.038%	$103K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	504.35	−0.073%	$693K	$455K	10x	as long as short
BloFin MSFT-USDT	−0.0011%	8h	504.92	+0.040%	$191K	$206K	20x	as long as short
Nado MSFT-PERP	−0.0007%	1h	504.48	−0.048%	$415K	$67K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.60	−0.024%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.73	+0.003%	$336K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.85	+0.026%	$16.3M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.55	−0.034%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAPshort	0.0000%	8h	504.89	+0.034%	$3.0M	$2.4M	20x
Gate MSFT_USDT	0.0000%	8h	504.54	−0.036%	$3.1M	$1.9M	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	504.81	+0.018%	$3.9M	$2.8M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.53	−0.037%	$1.3M	$394K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	505.61	+0.176%	$6K	$3.5M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	504.49	−0.046%	$27K	$45K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.72	0.000%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	505.27	+0.109%	$2.2M	$862K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	504.31	−0.081%	$11K	$15K	20x	as long as short
QFEX MSFT-USD	+0.0023%	1h	504.71	−0.002%	$1.1M	$4.6M	10x	as long as short
Lighter MSFT	+0.0032%	1h	504.61	−0.022%	$1.2M	$535K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.62	−0.020%	$698K	$1.9M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	504.55	−0.034%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.65	−0.014%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	504.33	−0.077%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	504.46	−0.052%	$304K	$650K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.56	−0.032%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	504.35	−0.073%	$536K	$387K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0062%	8h	504.59	−0.025%	$222	—	5x	as long as short
Hotstuff MSFT-PERP	+0.0072%	1h	504.34	−0.075%	$33K	$8K	20x	as long as short
GRVT MSFT_USDT_Perp	+0.0072%	8h	504.59	−0.025%	$19K	$312K	10x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	504.10	−0.123%	$1.6M	$139K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	504.14	−0.115%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythoslong	+0.0100%	8h	504.72	long leg	$8K	—	10x
Aevo MSFT-PERP	+0.0104%	1h	504.64	−0.016%	$56	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.07	−0.129%	$115K	$45K	30x	as long as short