MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h −0.077%

Price spread now: Hotstuff against Extended−0.060%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.060% cheaper against Extended than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSFT_24_5-USD	502.05	0	get 0.0000% / 1h	5m 13s	$337K	$392K	17x
Short	Hotstuff MSFT-PERP	501.75	0.0088	get 0.0011% / 1h	5m 13s	$32K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Extended. 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 ExtendedbpFee HotstuffbpOrdersPrice spread, now −0.060%Rate

Funding earned: $18.48
Price spread: −0.060% → 0.000%: −$6.04
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $2.44
Costs to cover: 0.100%
Break-even: 6.1 days

Slippage unknown: Extended: live order book, 12 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 Extended live order book, 12 min ago	0.60 bp	5.7 bp −$6	27.4 bp −$274	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
BloFin MSFT-USDT	−0.0027%	8h	502.15	+0.019%	$188K	$209K	20x	as long as short
Nado MSFT-PERP	−0.0003%	1h	501.87	−0.037%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.16	+0.021%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USDlong	0.0000%	1h	502.05	long leg	$337K	$392K	17x
Binance MSFTUSDT	0.0000%	8h	502.15	+0.019%	$15.7M	$19.1M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.28	+0.045%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.86	−0.039%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.12	+0.013%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.09	+0.007%	$1.3M	$702K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.07	+0.003%	$19K	$309K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	502.91	+0.171%	$6K	$4.3M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.84	−0.042%	$27K	$101K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.76	−0.058%	$687K	$450K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.01	−0.009%	$59K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.35	+0.059%	$2.2M	$755K	10x	as long as short
Bybit MSFTUSDT	+0.0018%	8h	502.13	+0.015%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.02	−0.007%	$649K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	502.03	−0.005%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.91	−0.029%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.75	−0.060%	$22.3M	$9.6M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.64	−0.082%	$305K	$674K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.05	−0.001%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.73	−0.064%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0057%	8h	502.02	−0.007%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.86	−0.039%	$10K	$15K	20x	as long as short
Hotstuff MSFT-PERPshort	+0.0088%	1h	501.75	−0.060%	$32K	$8K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	501.69	−0.072%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.93	−0.025%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.00	−0.011%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.06	+0.002%	$55	—	10x	as long as short
Lighter MSFT	+0.0120%	1h	502.19	+0.027%	$1.1M	$591K	20x	as long as short
Arcus MSFT-USD	+0.0200%	1h	502.01	−0.009%	$98K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.30	+0.049%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0721%	4h	502.08	+0.006%	$102K	$243K	10x	as long as short