MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h −0.160%

Price spread now: Hotstuff against Arcus−0.022%7-day average — · you buy dearer than you sell

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

Long on Arcus 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 0.022% cheaper against Arcus than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 27 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSFT-USD	503.34	0.0040	pay 0.0005% / 1h	16m 35s	$97K	$110K	10x
Short	Hotstuff MSFT-PERP	503.23	0.0104	get 0.0013% / 1h	16m 35s	$32K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Arcus. 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 ArcusbpFee HotstuffbpOrdersPrice spread, now −0.022%Rate

Funding earned: $13.38
Price spread: −0.022% → 0.000%: −$2.19
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $1.7
Costs to cover: 0.095%
Break-even: 6.1 days

Slippage unknown: Arcus: live order book, 21 min ago; 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 Arcus live order book, 21 min ago	3.87 bp	8.4 bp −$8	13.0 bp −$130	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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
Nado MSFT-PERP	−0.0048%	1h	503.56	+0.044%	$415K	$67K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	−0.0028%	1h	503.35	+0.002%	$27K	$44K	10x	as long as short
BloFin MSFT-USDT	−0.0023%	8h	503.65	+0.062%	$191K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.80	+0.091%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.54	+0.040%	$339K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.64	+0.060%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.36	+0.004%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.66	+0.064%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.44	+0.020%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.63	+0.058%	$3.8M	$2.9M	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	503.52	+0.035%	$1.3M	$404K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.58	+0.048%	$19K	$322K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.35	+0.201%	$6K	$3.8M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	503.16	−0.036%	$681K	$447K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.45	+0.022%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.79	+0.089%	$2.2M	$817K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0001%	1h	503.23	−0.022%	$22.4M	$8.9M	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.62	+0.056%	$1.2M	$532K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.49	+0.030%	$708K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.52	+0.036%	$1.1M	$4.6M	10x	as long as short
Arcus MSFT-USDlong	+0.0040%	1h	503.34	long leg	$97K	$110K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	503.79	+0.089%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.31	−0.006%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.35	+0.002%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.24	−0.020%	$513K	$429K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	503.59	+0.050%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.38	+0.008%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.97	−0.074%	$1.6M	$69K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.26	−0.016%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.52	+0.036%	$8K	—	10x	as long as short
Hotstuff MSFT-PERPshort	+0.0104%	1h	503.23	−0.022%	$32K	$8K	20x
Aevo MSFT-PERP	+0.0104%	1h	503.53	+0.037%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.86	+0.302%	$116K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0999%	4h	503.56	+0.044%	$102K	$244K	10x	as long as short