MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.008%

Price spread now: Variational Omni against Coinbase International+0.076%7-day average +0.106% · you sell dearer than you buy

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.076%, 7d avg +0.106%

Together, before fees−0.192%+ Points / potential airdropVariational Omni: Active · farm board−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.030% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.076% now, against its 7-day average of +0.106%). If the spread goes back, that is −$3 on $10k: about 43 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	Coinbase International MSFT-PERP-INTX	503.83	−0.0056	get 0.0007% / 1h	41m 37s	$682K	$494K	10x
Short	Variational Omni MSFT	504.21	0	get 0.0000% / 8h	7h 41m	$1.3M	$401K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.076%Rate

Funding earned: $11.76
Price spread: +0.076% → +0.106%: −$3.04
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.28
Costs to cover: 0.100%
Break-even: 7.8 days

Slippage unknown: Coinbase International: live order book, 57 min ago; Variational Omni: RFQ quote, 2 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 Coinbase International live order book, 57 min ago	3.18 bp	8.7 bp −$9	11.0 bp −$110	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.53 bp	doesn't fit	15.0 bp −$150	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
Nado MSFT-PERP	−0.0071%	1h	503.79	−0.007%	$415K	$67K	20x	as long as short
Coinbase International MSFT-PERP-INTXlong	−0.0056%	1h	503.83	long leg	$682K	$494K	10x
BloFin MSFT-USDT	−0.0003%	8h	503.97	+0.028%	$191K	$205K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.34	+0.101%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.01	+0.036%	$338K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.14	+0.062%	$15.9M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.91	+0.016%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.20	+0.073%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.84	+0.002%	$3.2M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.07	+0.048%	$3.9M	$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 MSFTshort	0.0000%	8h	504.21	+0.076%	$1.3M	$401K	—
GRVT MSFT_USDT_Perp	0.0000%	8h	504.19	+0.071%	$19K	$316K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.96	+0.224%	$6K	$3.6M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.84	+0.002%	$27K	$44K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.98	+0.030%	$59K	$224K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.45	+0.123%	$2.2M	$829K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	504.00	+0.034%	$11K	$15K	20x	as long as short
QFEX MSFT-USD	+0.0023%	1h	503.99	+0.032%	$1.1M	$4.6M	10x	as long as short
Lighter MSFT	+0.0032%	1h	504.01	+0.036%	$1.2M	$510K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.97	+0.028%	$697K	$1.9M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.86	+0.006%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.06	+0.046%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.70	−0.026%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.65	−0.036%	$303K	$654K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.89	+0.012%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.50	−0.065%	$514K	$410K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	503.94	+0.021%	$222	—	5x	as long as short
edgeX MSFTUSDC	+0.0079%	4h	504.22	+0.077%	$103K	$244K	10x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.73	−0.020%	$1.6M	$101K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.66	−0.034%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.07	+0.048%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.97	+0.027%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0112%	1h	503.84	+0.002%	$33K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	505.94	+0.419%	$116K	$45K	30x	as long as short