MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: HTX against Orderly−0.002%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on HTX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MSFT_USDC_mythos	504.26	0.0100	pay 0.0100% / 8h	6h 07m	$8K	—	10x
Short	HTX MSFT-USDT	504.25	0	get 0.0000% / 8h	6h 07m	$49K	$246K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Orderly. 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 OrderlybpFee HTXbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$21
Price spread: −0.002% → 0.000%: −$0.2
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$39.2
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; HTX: live order book, 41 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 Orderly no order-book sample	—	—	—	—	—
Sell HTX live order book, 41 min ago	2.58 bp	8.7 bp −$9	13.1 bp −$131	doesn't fit	doesn't fit

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 exchanges

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	−0.0032%	1h	504.02	−0.048%	$692K	$480K	10x	as long as short
Hotstuff MSFT-PERP	−0.0008%	1h	504.23	−0.006%	$33K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.77	+0.101%	$166K	$118K	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.15	−0.022%	$7.3M	$2.3M	100x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.15	−0.022%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.32	+0.012%	$3.9M	$2.8M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.55	+0.058%	$1.3M	$390K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	505.12	+0.171%	$6K	$3.5M	20x	as long as short
HTX MSFT-USDTshort	0.0000%	8h	504.25	−0.002%	$49K	$246K	20x
Phemex MSFTUSDT	0.0000%	8h	504.67	+0.081%	$2.3M	$894K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MSFTUSDT	+0.0004%	8h	504.30	+0.008%	$16.3M	$20.0M	20x	as long as short
Extended MSFT_24_5-USD	+0.0008%	1h	504.14	−0.024%	$325K	$1.9M	17x	as long as short
BloFin MSFT-USDT	+0.0010%	8h	504.50	+0.048%	$202K	$209K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0028%	1h	504.05	−0.042%	$27K	$44K	10x	as long as short
Lighter MSFT	+0.0032%	1h	504.16	−0.020%	$1.2M	$482K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.18	−0.016%	$692K	$1.8M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.26	0.000%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	503.98	−0.056%	$11K	$5K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.85	−0.081%	$22.5M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.99	−0.054%	$318K	$677K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.19	−0.014%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.82	−0.087%	$532K	$379K	15x	as long as short
Arcus MSFT-USD	+0.0052%	1h	504.09	−0.034%	$93K	$83K	10x	as long as short
edgeX MSFTUSDC	+0.0054%	4h	504.40	+0.029%	$103K	$243K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	504.13	−0.025%	$222	—	5x	as long as short
OKX MSFT-USDT-SWAP	+0.0059%	8h	504.46	+0.040%	$3.2M	$2.7M	20x	as long as short
QFEX MSFT-USD	+0.0061%	1h	504.34	+0.016%	$1.1M	$4.7M	10x	as long as short
Nado MSFT-PERP	+0.0061%	1h	504.03	−0.045%	$412K	$70K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.76	−0.099%	$1.6M	$202K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	504.06	−0.040%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythoslong	+0.0100%	8h	504.26	long leg	$8K	—	10x
Aevo MSFT-PERP	+0.0104%	1h	504.24	−0.003%	$55	—	10x	as long as short
GRVT MSFT_USDT_Perp	+0.0143%	8h	504.59	+0.065%	$19K	$315K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.37	+0.022%	$115K	$45K	30x	as long as short