Funding you earn now, next payment 22:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.028%
Price spread now: Coinbase International against Aevo−0.093%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.093% cheaper against Aevo than usual: you would sell low and buy high (−$9 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 | Aevo MSFT-PERP | 502.05 | 0.0104 | pay 0.0013% / 1h | 44m 53s | $55 | — | 10x |
| Short | Coinbase International MSFT-PERP-INTX | 501.58 | 0 | get 0.0000% / 1h | 44m 53s | $688K | $449K | 10x |
Aevo MSFT-PERP
Coinbase International MSFT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Aevo. 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
- −$21.84
- Price spread: −0.093% → 0.000%
- −$9.32
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$57.16
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Coinbase International: live order book, 38 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 38 min ago | 2.89 bp | 8.1 bp −$8 | 11.9 bp −$119 | doesn't fit | doesn't fit |
Aevo: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.0056% | 1h | 501.60 | −0.089% | $32K | $8K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.01 | −0.008% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.04 | −0.001% | $372K | $369K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.13 | +0.017% | $15.7M | $19.3M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.14 | +0.018% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.80 | −0.049% | $3.1M | $1.5M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 502.14 | +0.018% | $3.8M | $2.2M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 502.02 | −0.006% | $1.3M | $710K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.11 | +0.012% | $19K | $321K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.95 | +0.180% | $6K | $4.4M | 20x | as long as short |
Hotstuff MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTXshort | 0.0000% | 1h | 501.58 | −0.093% | $688K | $449K | 10x | |
| HTX MSFT-USDT | 0.0000% | 8h | 502.04 | −0.002% | $59K | $229K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.33 | +0.056% | $2.2M | $768K | 10x | as long as short |
| Bybit MSFTUSDT | +0.0007% | 8h | 502.14 | +0.018% | $7.4M | $1.7M | 100x | as long as short |
| Nado MSFT-PERP | +0.0016% | 1h | 501.59 | −0.091% | $414K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0025% | 8h | 502.13 | +0.016% | $188K | $210K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.83 | −0.043% | $653K | $2.1M | 20x | as long as short |
| QFEX MSFT-USD | +0.0040% | 1h | 502.04 | −0.002% | $1.2M | $5.8M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.91 | −0.027% | — | — | 25x | as long as short |
| edgeX MSFTUSDC | +0.0050% | 4h | 502.06 | +0.002% | $102K | $244K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.57 | −0.095% | $22.3M | $10.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.63 | −0.083% | $305K | $684K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.06 | +0.002% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.64 | −0.081% | $529K | $494K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 501.90 | −0.029% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.76 | −0.057% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.58 | −0.093% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.51 | −0.107% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 502.00 | −0.010% | $8K | — | 10x | as long as short |
| Lighter MSFT | +0.0104% | 1h | 501.99 | −0.012% | $1.1M | $589K | 20x | as long as short |
| Aevo MSFT-PERPlong | +0.0104% | 1h | 502.05 | long leg | $55 | — | 10x | |
| Deribit MSFT_USDC-PERPETUAL | +0.0129% | 1h | 501.69 | −0.071% | $27K | $104K | 10x | as long as short |
| Arcus MSFT-USD | +0.0200% | 1h | 501.91 | −0.027% | $110K | $90K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.17 | +0.223% | $115K | $45K | 30x | as long as short |
HTX MSFT-USDT
Phemex MSFTUSDT
Bybit MSFTUSDT
Nado MSFT-PERP
BloFin MSFT-USDT
Lighter RH MSFT
QFEX MSFT-USD
Vest MSFT-USD-PERP
edgeX MSFTUSDC
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Lighter MSFT
Deribit MSFT_USDC-PERPETUAL
Arcus MSFT-USD
Injective MSFT/USDC PERP