Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Aster against SoDEX−0.008%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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MSFT-USD | 503.50 | 0.0050 | pay 0.0006% / 1h | 36m 19s | $60K | $3K | 10x |
| Short | Aster MSFTUSDT | 503.46 | 0 | get 0.0000% / 8h | 2h 36m | $162K | $116K | 20x |
SoDEX MSFT-USD
Aster MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against SoDEX. 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
- −$10.5
- Price spread: −0.008% → 0.000%
- −$0.84
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$27.34
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Aster: live order book, 10 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 10 min ago | 12.82 bp | 25.7 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
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 | 503.26 | −0.048% | $682K | $465K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0028% | 8h | 503.85 | +0.070% | $190K | $206K | 20x | as long as short |
| Aster MSFTUSDTshort | 0.0000% | 8h | 503.46 | −0.008% | $162K | $116K | 20x | |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.62 | +0.024% | $341K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.75 | +0.049% | $15.8M | $19.3M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.39 | −0.022% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.58 | +0.016% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.46 | −0.008% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.71 | +0.042% | $3.8M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.51 | +0.002% | $1.3M | $479K | — | as long as short |
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
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 | 503.90 | +0.079% | $19K | $311K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.46 | +0.191% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.44 | −0.012% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.57 | +0.014% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.86 | +0.071% | $2.2M | $796K | 10x | as long as short |
| Nado MSFT-PERP | 0.0000% | 1h | 503.43 | −0.014% | $412K | $66K | 20x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.57 | +0.014% | $11K | $15K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.50 | 0.000% | $688K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 503.56 | +0.012% | $1.1M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.41 | −0.018% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.73 | +0.046% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.29 | −0.042% | $22.3M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.35 | −0.030% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USDlong | +0.0050% | 1h | 503.50 | long leg | $60K | $3K | 10x | |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.55 | +0.010% | $517K | $471K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0053% | 8h | 503.53 | +0.007% | $222 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.09 | −0.081% | $1.6M | $57K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.63 | +0.026% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.55 | +0.010% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.60 | +0.020% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0112% | 1h | 503.76 | +0.052% | $1.2M | $506K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0128% | 1h | 503.35 | −0.030% | $32K | $8K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.85 | −0.129% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0570% | 4h | 503.81 | +0.061% | $102K | $243K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Nado MSFT-PERP
Phoenix MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Hotstuff MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC