MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.009%

Price spread now: Extended against tradeXYZ+0.084%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on tradeXYZ Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.084%, 7d avg +0.080%

Together, before fees−0.075%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.080%, 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	tradeXYZ xyz:MSFT	503.17	0.0050	pay 0.0006% / 1h	17m 34s	$22.4M	$9.0M	20x
Short	Extended MSFT_24_5-USD	503.59	0	get 0.0000% / 1h	17m 34s	$338K	$1.2M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against tradeXYZ. 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 tradeXYZbpFee ExtendedbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$10.5
Price spread: +0.084% → +0.080%: $0.33
Slippage, 4 orders: −$7.34
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$40.52
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 12 min ago; Extended: live order book, 1 min ago.

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 tradeXYZ live order book, 12 min ago	0.79 bp	10.1 bp −$10	12.2 bp −$122	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.10 bp	5.2 bp −$5	33.8 bp −$338	doesn't fit	doesn't fit

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	−0.0427%	4h	503.50	+0.065%	$102K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	+0.097%	$682K	$500K	10x	as long as short
BloFin MSFT-USDT	−0.0026%	8h	503.70	+0.105%	$191K	$207K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.50	+0.067%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USDshort	0.0000%	1h	503.59	+0.084%	$338K	$1.2M	17x
Binance MSFTUSDT	0.0000%	8h	503.73	+0.111%	$15.8M	$19.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.46	+0.058%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.73	+0.111%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.52	+0.070%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.70	+0.105%	$3.8M	$3.0M	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	503.75	+0.115%	$1.3M	$499K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.61	+0.087%	$19K	$328K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.32	+0.229%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.32	+0.030%	$27K	$44K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.34	+0.034%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.74	+0.113%	$2.2M	$822K	10x	as long as short
Nado MSFT-PERP	+0.0026%	1h	503.36	+0.037%	$414K	$67K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.50	+0.066%	$700K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.61	+0.087%	$1.2M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.39	+0.044%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.69	+0.103%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFTlong	+0.0050%	1h	503.17	long leg	$22.4M	$9.0M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	503.32	+0.030%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.42	+0.050%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.13	−0.008%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0059%	8h	503.53	+0.071%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.43	+0.052%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.10	−0.014%	$1.6M	$60K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.21	+0.008%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.53	+0.072%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.53	+0.072%	$55	—	10x	as long as short
Lighter MSFT	+0.0160%	1h	503.72	+0.109%	$1.2M	$517K	20x	as long as short
Hotstuff MSFT-PERP	+0.0192%	1h	503.21	+0.008%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.04	+0.173%	$115K	$45K	30x	as long as short