MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.026%

Price spread now: Variational Omni against Orderly+0.008%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MSFT_USDC_mythos	503.57	0.0100	pay 0.0100% / 8h	7h 59m	$8K	—	10x
Short	Variational Omni MSFT	503.61	0	get 0.0000% / 8h	7h 59m	$1.3M	$400K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.008%Rate

Funding earned: −$21
Price spread: +0.008% → 0.000%: $0.83
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$26.17
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	3.16 bp	doesn't fit	16.8 bp −$168	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	−0.0646%	4h	503.49	−0.015%	$102K	$244K	10x	as long as short
Nado MSFT-PERP	−0.0060%	1h	503.63	+0.012%	$415K	$67K	20x	as long as short
tradeXYZ xyz:MSFT	−0.0045%	1h	503.13	−0.087%	$22.4M	$8.8M	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.47	−0.020%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.44	−0.025%	$339K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.60	+0.006%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.41	−0.032%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.82	+0.050%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.41	−0.032%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.59	+0.004%	$3.8M	$2.9M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFTshort	0.0000%	8h	503.61	+0.008%	$1.3M	$400K	—
GRVT MSFT_USDT_Perp	0.0000%	8h	503.52	−0.010%	$19K	$320K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.45	+0.175%	$6K	$3.8M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.53	−0.008%	$27K	$44K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	503.16	−0.081%	$681K	$460K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.57	0.000%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.92	+0.070%	$2.2M	$819K	10x	as long as short
BloFin MSFT-USDT	+0.0021%	8h	503.70	+0.026%	$191K	$206K	20x	as long as short
Hotstuff MSFT-PERP	+0.0024%	1h	503.20	−0.073%	$32K	$8K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.53	−0.008%	$1.2M	$532K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.55	−0.004%	$706K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.58	+0.002%	$1.1M	$4.6M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.36	−0.042%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.72	+0.030%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.28	−0.058%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.47	−0.020%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.25	−0.064%	$513K	$429K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	503.68	+0.021%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.28	−0.058%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.16	−0.081%	$1.6M	$84K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.41	−0.032%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythoslong	+0.0100%	8h	503.57	long leg	$8K	—	10x
Aevo MSFT-PERP	+0.0104%	1h	503.64	+0.013%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.80	+0.046%	$115K	$45K	30x	as long as short