MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0170%/8h= +18.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.051%

Price spread now: Injective against SoDEX−0.119%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 Injective

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—needs both histories

Funding pays, the price is against you. Injective is 0.119% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.119% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 2.3 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSFT-USD	503.45	0.0050	pay 0.0006% / 1h	35m 01s	$60K	$3K	10x
Short	Injective MSFT/USDC PERP	502.85	0.0220	get 0.0028% / 1h	35m 01s	$115K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.119%Rate

Funding earned: $35.7
Price spread: −0.119% → 0.000%: −$11.92
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $15.76
Costs to cover: 0.080%
Break-even: 3.9 days

Slippage unknown: SoDEX: no order-book sample; Injective: live order book, 14 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 Injective live order book, 14 min ago	10.05 bp	10.1 bp −$10	10.1 bp −$101	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
edgeX MSFTUSDC	−0.0225%	4h	503.83	+0.075%	$102K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	503.26	−0.038%	$682K	$465K	10x	as long as short
BloFin MSFT-USDT	−0.0009%	8h	503.70	+0.050%	$190K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.38	−0.015%	$162K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.55	+0.019%	$341K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.52	+0.014%	$15.8M	$19.3M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.37	−0.016%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.63	+0.036%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.41	−0.008%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.66	+0.042%	$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 MSFT	0.0000%	8h	503.69	+0.047%	$1.3M	$479K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.67	+0.045%	$19K	$312K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.46	+0.201%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.43	−0.004%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.39	−0.012%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.70	+0.050%	$2.2M	$796K	10x	as long as short
Nado MSFT-PERP	+0.0001%	1h	503.40	−0.010%	$412K	$66K	20x	as long as short
Phoenix MSFT	+0.0016%	1h	503.57	+0.024%	$11K	$15K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.41	−0.008%	$689K	$2.0M	20x	as long as short
Hotstuff MSFT-PERP	+0.0032%	1h	503.27	−0.036%	$32K	$8K	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	503.62	+0.034%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.42	−0.006%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.67	+0.044%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.13	−0.064%	$22.3M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.30	−0.030%	$303K	$717K	10x	as long as short
SoDEX MSFT-USDlong	+0.0050%	1h	503.45	long leg	$60K	$3K	10x
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.29	−0.032%	$517K	$470K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0053%	8h	503.54	+0.019%	$222	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.05	−0.079%	$1.6M	$57K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.30	−0.030%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.49	+0.008%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.55	+0.021%	$55	—	10x	as long as short
Lighter MSFT	+0.0120%	1h	503.75	+0.060%	$1.2M	$506K	20x	as long as short
Injective MSFT/USDC PERPshort	+0.0220%	1h	502.85	−0.119%	$115K	$45K	30x