MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: Orderly against OKX−0.046%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.046% cheaper against OKX than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 37 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MSFT-USDT-SWAP	502.08	0	get 0.0000% / 8h	7h 25m	$3.0M	$2.3M	20x
Short	Orderly PERP_MSFT_USDC_mythos	501.85	0.0100	get 0.0100% / 8h	7h 25m	$8K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against OKX. 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 OKXbpFee OrderlybpOrdersPrice spread, now −0.046%Rate

Funding earned: $21
Price spread: −0.046% → 0.000%: −$4.58
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $0.42
Costs to cover: 0.160%
Break-even: 6.9 days

Slippage unknown: OKX: live order book, 2 min ago; Orderly: 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 OKX live order book, 2 min ago	0.10 bp	8.0 bp −$8	15.2 bp −$152	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
edgeX MSFTUSDC	−0.0298%	4h	502.10	+0.003%	$102K	$242K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.13	−0.189%	$679K	$447K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.96	−0.025%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.86	−0.045%	$337K	$1.0M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.84	−0.048%	$15.7M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.82	−0.052%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAPlong	0.0000%	8h	502.08	long leg	$3.0M	$2.3M	20x
Gate MSFT_USDT	0.0000%	8h	501.69	−0.078%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.87	−0.042%	$3.8M	$2.1M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.86	−0.043%	$1.3M	$690K	—	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	502.02	−0.011%	$18K	$289K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.72	+0.127%	$6K	$4.1M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.82	−0.052%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.00	−0.016%	$2.2M	$757K	10x	as long as short
Nado MSFT-PERP	+0.0004%	1h	501.66	−0.084%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	+0.0008%	8h	501.96	−0.024%	$187K	$205K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0009%	1h	501.73	−0.070%	$27K	$41K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.80	−0.056%	$619K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	501.94	−0.028%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.90	−0.036%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.55	−0.106%	$22.3M	$9.1M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.63	−0.090%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.84	−0.048%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.49	−0.118%	$528K	$489K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.87	−0.042%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.70	−0.076%	$10K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0080%	1h	501.55	−0.106%	$32K	$8K	20x	as long as short
Lighter MSFT	+0.0096%	1h	502.02	−0.012%	$1.1M	$486K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.80	−0.056%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.56	−0.104%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythosshort	+0.0100%	8h	501.85	−0.046%	$8K	—	10x
Aevo MSFT-PERP	+0.0104%	1h	501.82	−0.051%	$55	—	10x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.83	−0.050%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.00	−0.016%	$115K	$45K	30x	as long as short