MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0268%/8h= +29.3% APRnext payment +$0.34 per $10,000 · paid last 24h +0.074%

Price spread now: Injective against Coinbase International+0.109%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs+$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.471%+$47 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.109%, 7d avg +0.071%

Together, before fees+0.364%+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Injective is 0.039% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSFT-PERP-INTX	503.66	−0.0048	get 0.0006% / 1h	29m 16s	$682K	$500K	10x
Short	Injective MSFT/USDC PERP	504.21	0.0220	get 0.0028% / 1h	29m 16s	$115K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.109%Rate

Funding earned: $56.28
Price spread: +0.109% → +0.071%: $3.86
Slippage, 4 orders: −$26.36
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $23.76
Costs to cover: 0.364%
Break-even: 4.0 days

Slippage from Coinbase International: live order book, 14 min ago; Injective: live order book, 14 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, 14 min ago	2.48 bp	7.8 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit
Sell Injective live order book, 14 min ago	10.13 bp	10.1 bp −$10	10.1 bp −$101	doesn't fit	doesn't fit

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-INTXlong	−0.0048%	1h	503.66	long leg	$682K	$500K	10x
BloFin MSFT-USDT	−0.0027%	8h	504.03	+0.073%	$191K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.66	0.000%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.90	+0.047%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.01	+0.070%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.68	+0.004%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.93	+0.054%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.84	+0.036%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.97	+0.062%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.94	+0.056%	$1.3M	$499K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	503.99	+0.066%	$18K	$327K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.77	+0.220%	$6K	$3.9M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.94	+0.056%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.14	+0.095%	$2.2M	$821K	10x	as long as short
Nado MSFT-PERP	+0.0014%	1h	503.60	−0.012%	$415K	$67K	20x	as long as short
Hotstuff MSFT-PERP	+0.0016%	1h	503.50	−0.032%	$32K	$8K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.74	+0.016%	$701K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.92	+0.052%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.70	+0.008%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.89	+0.046%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.54	−0.024%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.67	+0.002%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.83	+0.034%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.54	−0.024%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	503.84	+0.036%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.69	+0.006%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.39	−0.054%	$1.6M	$60K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.48	−0.036%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.79	+0.026%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.83	+0.034%	$55	—	10x	as long as short
Lighter MSFT	+0.0136%	1h	503.96	+0.060%	$1.2M	$514K	20x	as long as short
edgeX MSFTUSDC	+0.0164%	4h	503.94	+0.056%	$103K	$244K	10x	as long as short
Injective MSFT/USDC PERPshort	+0.0220%	1h	504.21	+0.109%	$115K	$45K	30x
Deribit MSFT_USDC-PERPETUAL	+0.0246%	1h	503.80	+0.028%	$27K	$43K	10x	as long as short