MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h −0.085%

Price spread now: Hotstuff against Deribit−0.050%7-day average — · you buy dearer than you sell

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

Long on Deribit 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 0.050% cheaper against Deribit than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MSFT_USDC-PERPETUAL	503.43	0	get 0.0000% / 1h	12m 58s	$27K	$44K	10x
Short	Hotstuff MSFT-PERP	503.18	0.0072	get 0.0009% / 1h	12m 58s	$32K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Deribit. 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 DeribitbpFee HotstuffbpOrdersPrice spread, now −0.050%Rate

Funding earned: $15.12
Price spread: −0.050% → 0.000%: −$4.97
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$1.85
Costs to cover: 0.120%
Break-even: 7.9 days

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Deribit and 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	−0.0051%	1h	503.41	−0.004%	$414K	$67K	20x	as long as short
tradeXYZ xyz:MSFT	0.0000%	1h	503.18	−0.050%	$22.4M	$8.9M	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.68	+0.050%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.53	+0.019%	$339K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.65	+0.044%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.30	−0.026%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.63	+0.040%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.41	−0.004%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.62	+0.038%	$3.8M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.60	+0.033%	$1.3M	$403K	—	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	503.59	+0.032%	$19K	$320K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.41	+0.195%	$6K	$3.8M	20x	as long as short
Deribit MSFT_USDC-PERPETUALlong	0.0000%	1h	503.43	long leg	$27K	$44K	10x
Coinbase International MSFT-PERP-INTX	0.0000%	1h	503.16	−0.054%	$681K	$447K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.53	+0.020%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.68	+0.050%	$2.2M	$817K	10x	as long as short
BloFin MSFT-USDT	+0.0003%	8h	503.60	+0.034%	$191K	$206K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.55	+0.024%	$1.2M	$532K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.44	+0.002%	$708K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.48	+0.010%	$1.1M	$4.6M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.36	−0.014%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.73	+0.060%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.27	−0.032%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.43	0.000%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.20	−0.046%	$513K	$429K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	503.45	+0.005%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.35	−0.016%	$11K	$15K	20x	as long as short
Hotstuff MSFT-PERPshort	+0.0072%	1h	503.18	−0.050%	$32K	$8K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	502.95	−0.095%	$1.6M	$70K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.42	−0.002%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.50	+0.014%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.53	+0.020%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.86	+0.284%	$116K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0506%	4h	503.57	+0.027%	$102K	$244K	10x	as long as short