MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.05 per $10,000 · paid last 24h −0.090%

Price spread now: Hotstuff against SoDEX−0.058%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Hotstuff

What this pair did over the last

the charts below follow

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—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hotstuff is 0.058% cheaper against SoDEX than usual: you would sell low and buy high (−$6 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	SoDEX MSFT-USD	501.20	0.0050	pay 0.0006% / 1h	50m 58s	$60K	$3K	10x
Short	Hotstuff MSFT-PERP	500.91	0.0008	get 0.0001% / 1h	50m 58s	$32K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against SoDEX. 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 SoDEXbpFee HotstuffbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$8.82
Price spread: −0.058% → 0.000%: −$5.79
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$27.61
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Hotstuff: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

SoDEX and Hotstuff: 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
Nado MSFT-PERP	−0.0122%	1h	501.21	+0.002%	$414K	$64K	20x	as long as short
tradeXYZ xyz:MSFT	−0.0035%	1h	500.92	−0.056%	$22.1M	$8.7M	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	500.97	−0.046%	$677K	$450K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.24	+0.007%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.21	+0.001%	$337K	$883K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.32	+0.025%	$15.7M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.10	−0.020%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.32	+0.024%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.21	+0.002%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.25	+0.010%	$4.5M	$2.5M	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	501.27	+0.013%	$1.3M	$607K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.28	+0.017%	$19K	$300K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.11	+0.182%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.09	−0.022%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.21	+0.002%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.40	+0.040%	$2.2M	$770K	10x	as long as short
Hotstuff MSFT-PERPshort	+0.0008%	1h	500.91	−0.058%	$32K	$8K	20x
BloFin MSFT-USDT	+0.0018%	8h	501.32	+0.024%	$189K	$204K	20x	as long as short
Lighter MSFT	+0.0032%	1h	501.37	+0.034%	$1.1M	$498K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.09	−0.022%	$676K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	501.24	+0.008%	$1.1M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.04	−0.032%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.35	+0.030%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.06	−0.028%	$10K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.00	−0.040%	$302K	$697K	10x	as long as short
SoDEX MSFT-USDlong	+0.0050%	1h	501.20	long leg	$60K	$3K	10x
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.94	−0.052%	$518K	$452K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	501.25	+0.010%	$221	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.76	−0.088%	$1.6M	$50K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.93	−0.054%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.22	+0.004%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.24	+0.007%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.54	+0.068%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0713%	4h	501.28	+0.016%	$102K	$243K	10x	as long as short