MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h +0.011%

Price spread now: Phoenix against Extended−0.003%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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSFT_24_5-USD	503.44	0	get 0.0000% / 1h	19m 21s	$338K	$1.2M	17x
Short	Phoenix MSFT	503.43	0.0064	get 0.0008% / 1h	19m 21s	$11K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.003%Rate

Funding earned: $13.35
Price spread: −0.003% → 0.000%: −$0.26
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $1.09
Costs to cover: 0.120%
Break-even: 6.4 days

Slippage unknown: Extended: live order book, 4 min ago; Phoenix: 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, 4 min ago	0.60 bp	5.7 bp −$6	37.7 bp −$377	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	+0.043%	$682K	$500K	10x	as long as short
BloFin MSFT-USDT	−0.0020%	8h	503.83	+0.077%	$191K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.39	−0.011%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USDlong	0.0000%	1h	503.44	long leg	$338K	$1.2M	17x
Binance MSFTUSDT	0.0000%	8h	503.57	+0.025%	$15.8M	$19.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.42	−0.005%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.79	+0.069%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.42	−0.005%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.76	+0.063%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.75	+0.060%	$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	503.76	+0.063%	$19K	$328K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.43	+0.196%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.33	−0.022%	$27K	$44K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.44	−0.001%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.77	+0.065%	$2.2M	$822K	10x	as long as short
Nado MSFT-PERP	+0.0029%	1h	503.36	−0.017%	$414K	$67K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.34	−0.020%	$700K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.54	+0.019%	$1.2M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.44	−0.001%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.67	+0.045%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.18	−0.052%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.24	−0.040%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.42	−0.005%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.36	−0.016%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0059%	8h	503.52	+0.015%	$222	—	5x	as long as short
Phoenix MSFTshort	+0.0064%	1h	503.43	−0.003%	$11K	$15K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	503.10	−0.068%	$1.6M	$60K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.21	−0.046%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.46	+0.003%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.44	−0.001%	$55	—	10x	as long as short
Lighter MSFT	+0.0168%	1h	503.65	+0.041%	$1.2M	$517K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.04	+0.119%	$115K	$45K	30x	as long as short
Hotstuff MSFT-PERP	+0.0232%	1h	503.19	−0.050%	$32K	$8K	20x	as long as short
edgeX MSFTUSDC	+0.0765%	4h	503.60	+0.032%	$102K	$243K	10x	as long as short