MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h −0.109%

Price spread now: Hotstuff against Aevo−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 Aevo Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Hotstuff is 0.058% cheaper against Aevo than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MSFT-PERP	501.31	0.0104	pay 0.0013% / 1h	15m 12s	$55	—	10x
Short	Hotstuff MSFT-PERP	501.02	0.0152	get 0.0019% / 1h	15m 12s	$32K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Aevo. 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 AevobpFee HotstuffbpOrdersPrice spread, now −0.058%Rate

Funding earned: $10.08
Price spread: −0.058% → 0.000%: −$5.78
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$16.7
Costs to cover: 0.210%
Break-even: 18.6 days

Slippage unknown: Aevo: 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 Aevo no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Aevo 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
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	500.96	−0.070%	$678K	$456K	10x	as long as short
Nado MSFT-PERP	−0.0008%	1h	501.30	−0.003%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0004%	8h	501.52	+0.042%	$189K	$204K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.34	+0.006%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.22	−0.017%	$337K	$893K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.36	+0.010%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.15	−0.032%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.57	+0.052%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.23	−0.016%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.39	+0.016%	$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	501.46	+0.030%	$1.3M	$615K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.52	+0.041%	$19K	$302K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.18	+0.174%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.24	−0.014%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.23	−0.016%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.81	+0.100%	$2.2M	$769K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.16	−0.030%	$675K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	501.35	+0.008%	$1.2M	$5.2M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.25	−0.012%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.37	+0.012%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.24	−0.014%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.96	−0.070%	$22.1M	$8.7M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.04	−0.054%	$302K	$722K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.16	−0.030%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.10	−0.042%	$528K	$443K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0057%	8h	501.40	+0.019%	$221	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.13	−0.036%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.99	−0.064%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.36	+0.010%	$8K	—	10x	as long as short
Aevo MSFT-PERPlong	+0.0104%	1h	501.31	long leg	$55	—	10x
Lighter MSFT	+0.0120%	1h	501.39	+0.016%	$1.1M	$499K	20x	as long as short
Hotstuff MSFT-PERPshort	+0.0152%	1h	501.02	−0.058%	$32K	$8K	20x
Injective MSFT/USDC PERP	+0.0220%	1h	501.76	+0.090%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0784%	4h	501.53	+0.043%	$102K	$244K	10x	as long as short