MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.012%

Price spread now: Coinbase International against Phoenix+0.050%72s7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

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. Coinbase International is 0.050% dearer against Phoenix than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 7 days (−0.091% in total) that is about 3.9 days. The two prices were read 72 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	Phoenix MSFT	501.51	0.0080	pay 0.0010% / 1h	1m 36s	$10K	$15K	20x
Short	Coinbase International MSFT-PERP-INTX	501.76	−0.0016	pay 0.0002% / 1h	1m 36s	$687K	$449K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Phoenix. 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 PhoenixbpFee Coinbase InternationalbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$20.1
Price spread: +0.050% → 0.000%: $4.98
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$32.11
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Coinbase International: live order book, 12 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 Phoenix no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 12 min ago	1.99 bp	9.0 bp −$9	11.6 bp −$116	doesn't fit	doesn't fit

Phoenix: 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	−0.0978%	4h	501.69	+0.035%	$102K	$243K	10x	as long as short
Nado MSFT-PERP	−0.0019%	1h	501.34	−0.035%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTXshort	−0.0016%	1h	501.76	+0.050%	$687K	$449K	10x
Hotstuff MSFT-PERP	−0.0008%	1h	501.27	−0.048%	$32K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.74	+0.046%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.62	+0.022%	$337K	$387K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.72	+0.042%	$15.6M	$19.0M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.74	+0.046%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.43	−0.016%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.74	+0.046%	$3.8M	$2.3M	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 MSFT	0.0000%	8h	501.68	+0.033%	$1.3M	$692K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.74	+0.046%	$18K	$294K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.45	+0.187%	$6K	$4.3M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.60	+0.018%	$59K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.90	+0.078%	$2.2M	$746K	10x	as long as short
BloFin MSFT-USDT	+0.0022%	8h	501.74	+0.046%	$188K	$209K	20x	as long as short
Bybit MSFTUSDT	+0.0032%	8h	501.78	+0.054%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.56	+0.010%	$619K	$2.1M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.48	−0.006%	—	$1K	25x	as long as short
QFEX MSFT-USD	+0.0049%	1h	501.65	+0.028%	$1.2M	$5.9M	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.31	−0.040%	$22.3M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.30	−0.042%	$303K	$678K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.63	+0.024%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.23	−0.056%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	501.59	+0.017%	$221	—	5x	as long as short
Phoenix MSFTlong	+0.0080%	1h	501.51	long leg	$10K	$15K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	501.13	−0.076%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.33	−0.036%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.64	+0.026%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.61	+0.021%	$55	—	10x	as long as short
Lighter MSFT	+0.0160%	1h	501.81	+0.060%	$1.1M	$586K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0169%	1h	501.56	+0.010%	$27K	$102K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.31	+0.160%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0286%	1h	501.61	+0.020%	$97K	$109K	10x	as long as short