MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.29 per $10,000 · paid last 24h +0.002%

Price spread now: Bybit against Variational Omni+0.004%7-day average −0.034% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.004%, 7d avg −0.034%

Together, before fees−0.024%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.037% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSFT	501.83	0	get 0.0000% / 8h	7m 51s	$1.3M	$692K	—
Short	Bybit MSFTUSDT	501.85	0.0029	get 0.0029% / 8h	7m 51s	$7.4M	$1.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.004%Rate

Funding earned: $6.18
Price spread: +0.004% → −0.034%: $3.71
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1.11
Costs to cover: 0.110%
Break-even: 8.3 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bybit: live order book, 5 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 Variational Omni RFQ quote, 1 min ago	2.53 bp	doesn't fit	13.8 bp −$138	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.70 bp	11.4 bp −$11	17.3 bp −$173	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	−0.0382%	4h	501.78	−0.010%	$102K	$242K	10x	as long as short
Nado MSFT-PERP	−0.0024%	1h	501.40	−0.087%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.76	−0.014%	$687K	$449K	10x	as long as short
Hotstuff MSFT-PERP	−0.0008%	1h	501.31	−0.104%	$32K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.82	−0.002%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.67	−0.032%	$337K	$387K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.74	−0.018%	$15.6M	$19.1M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.85	+0.004%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.49	−0.068%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.82	−0.002%	$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 MSFTlong	0.0000%	8h	501.83	long leg	$1.3M	$692K	—
GRVT MSFT_USDT_Perp	0.0000%	8h	501.89	+0.011%	$18K	$295K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.58	+0.149%	$6K	$4.3M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.61	−0.044%	$59K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.04	+0.041%	$2.2M	$749K	10x	as long as short
BloFin MSFT-USDT	+0.0015%	8h	501.92	+0.017%	$188K	$209K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0029%	1h	501.52	−0.062%	$27K	$102K	10x	as long as short
Bybit MSFTUSDTshort	+0.0029%	8h	501.85	+0.004%	$7.4M	$1.7M	100x
Lighter RH MSFT	+0.0032%	1h	501.53	−0.060%	$619K	$2.1M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.54	−0.058%	—	$1K	25x	as long as short
QFEX MSFT-USD	+0.0049%	1h	501.58	−0.050%	$1.1M	$5.9M	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.34	−0.098%	$22.3M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.34	−0.098%	$303K	$678K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.70	−0.026%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.40	−0.086%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	501.59	−0.048%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.59	−0.048%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.22	−0.122%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.74	−0.018%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.66	−0.034%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.68	−0.031%	$55	—	10x	as long as short
Lighter MSFT	+0.0152%	1h	501.77	−0.012%	$1.1M	$586K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.31	+0.095%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0286%	1h	501.65	−0.036%	$97K	$109K	10x	as long as short