MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.014%

Price spread now: Extended against Coinbase International+0.069%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.069%, 7d avg +0.096%

Together, before fees+0.007%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.027% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.069% now, against its 7-day average of +0.096%). If the spread goes back, that is −$3 on $10k: about 5.5 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSFT-PERP-INTX	501.22	−0.0016	get 0.0002% / 1h	15m 06s	$679K	$457K	10x
Short	Extended MSFT_24_5-USD	501.57	0	get 0.0000% / 1h	15m 06s	$337K	$899K	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Coinbase International. 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 Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now +0.069%Rate

Funding earned: $3.36
Price spread: +0.069% → +0.096%: −$2.66
Slippage, 4 orders: −$12.72
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$27.01
Costs to cover: 0.277%
Break-even: 63.3 days

Slippage from Coinbase International: live order book, 53 min ago; Extended: live order book, 53 min ago.

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 Coinbase International live order book, 53 min ago	1.80 bp	7.7 bp −$8	11.4 bp −$114	doesn't fit	doesn't fit
Sell Extended live order book, 53 min ago	0.70 bp	5.8 bp −$6	34.2 bp −$342	doesn't fit	doesn't fit

MSFT on 33 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-INTXlong	−0.0016%	1h	501.22	long leg	$679K	$457K	10x
Nado MSFT-PERP	−0.0006%	1h	501.52	+0.060%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.81	+0.117%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USDshort	0.0000%	1h	501.57	+0.069%	$337K	$899K	17x
Binance MSFTUSDT	0.0000%	8h	501.69	+0.094%	$15.6M	$18.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.74	+0.104%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.90	+0.136%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.59	+0.074%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.68	+0.092%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.63	+0.081%	$1.3M	$682K	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.75	+0.106%	$18K	$296K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.46	+0.247%	$6K	$4.1M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.84	+0.124%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.00	+0.156%	$2.2M	$765K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.55	+0.066%	$627K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	501.59	+0.074%	$1.1M	$5.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.50	+0.056%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.71	+0.098%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.37	+0.030%	$22.1M	$9.3M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.30	+0.016%	$303K	$671K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.62	+0.080%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.46	+0.048%	$522K	$518K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	501.58	+0.073%	$221	—	5x	as long as short
Hotstuff MSFT-PERP	+0.0072%	1h	501.39	+0.034%	$32K	$8K	20x	as long as short
Phoenix MSFT	+0.0080%	1h	501.60	+0.076%	$10K	$15K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0089%	1h	501.62	+0.080%	$27K	$41K	10x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.36	+0.028%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.29	+0.014%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.63	+0.082%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.58	+0.072%	$55	—	10x	as long as short
Lighter MSFT	+0.0160%	1h	501.80	+0.116%	$1.1M	$489K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.78	+0.112%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0345%	4h	501.68	+0.091%	$102K	$243K	10x	as long as short