MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.018%

Price spread now: tradeXYZ against Aevo−0.041%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 tradeXYZ

What this pair did over the last

the charts below follow

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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.041% cheaper against Aevo than usual: you would sell low and buy high (−$4 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	503.87	0.0104	pay 0.0013% / 1h	19m 44s	$55	—	10x
Short	tradeXYZ xyz:MSFT	503.67	0.0050	get 0.0006% / 1h	19m 44s	$22.4M	$8.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$11.34
Price spread: −0.041% → 0.000%: −$4.06
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$49.4
Costs to cover: 0.340%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago	0.10 bp	9.7 bp −$10	11.7 bp −$117	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
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	503.55	−0.064%	$686K	$451K	10x	as long as short
Nado MSFT-PERP	−0.0010%	1h	503.49	−0.075%	$414K	$67K	20x	as long as short
BloFin MSFT-USDT	−0.0007%	8h	503.98	+0.021%	$192K	$203K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.32	+0.088%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.90	+0.006%	$335K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.18	+0.061%	$16.4M	$19.4M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.82	−0.011%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.09	+0.043%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.71	−0.033%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.08	+0.041%	$3.9M	$2.8M	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	503.92	+0.009%	$1.3M	$387K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.92	+0.009%	$19K	$316K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.75	+0.174%	$6K	$3.5M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.88	+0.001%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.22	+0.069%	$2.2M	$845K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	503.53	−0.068%	$11K	$15K	20x	as long as short
QFEX MSFT-USD	+0.0023%	1h	503.90	+0.005%	$1.2M	$4.6M	10x	as long as short
Lighter MSFT	+0.0032%	1h	503.90	+0.005%	$1.2M	$522K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.99	+0.023%	$700K	$1.9M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.72	−0.031%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.78	−0.019%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFTshort	+0.0050%	1h	503.67	−0.041%	$22.4M	$8.9M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	503.49	−0.076%	$303K	$650K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.74	−0.027%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.39	−0.096%	$534K	$390K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	503.77	−0.021%	$222	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.51	−0.072%	$1.6M	$121K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.42	−0.090%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.88	+0.001%	$8K	—	10x	as long as short
Aevo MSFT-PERPlong	+0.0104%	1h	503.87	long leg	$55	—	10x
Hotstuff MSFT-PERP	+0.0136%	1h	503.43	−0.088%	$32K	$8K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0167%	1h	503.68	−0.039%	$27K	$45K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	505.30	+0.283%	$116K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0766%	4h	503.86	−0.002%	$102K	$243K	10x	as long as short