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 SunX−0.172%7-day average — · you buy dearer than you sell

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

Long on SunX 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 0.172% cheaper against SunX than usual: you would sell low and buy high (spread −0.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 5.7 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	SunX MSFT-USDT	504.42	0	get 0.0000% / 8h	16m 23s	$6K	$3.8M	20x
Short	Orderly PERP_MSFT_USDC_mythos	503.55	0.0100	get 0.0100% / 8h	16m 23s	$8K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against SunX. 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 SunXbpFee OrderlybpOrdersPrice spread, now −0.172%Rate

Funding earned: $21
Price spread: −0.172% → 0.000%: −$17.25
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$10.25
Costs to cover: 0.140%
Break-even: 10.4 days

Slippage unknown: SunX: live order book, 12 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 SunX live order book, 12 min ago	29.14 bp	111.9 bp −$112	doesn't fit	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
Nado MSFT-PERP	−0.0048%	1h	503.56	−0.170%	$415K	$67K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	−0.0028%	1h	503.39	−0.204%	$27K	$44K	10x	as long as short
BloFin MSFT-USDT	−0.0023%	8h	503.65	−0.153%	$191K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.78	−0.127%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.54	−0.175%	$339K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.66	−0.151%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.36	−0.210%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.66	−0.151%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.47	−0.188%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.63	−0.157%	$3.8M	$2.9M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	503.52	−0.179%	$1.3M	$404K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.58	−0.166%	$19K	$322K	10x	as long as short
SunX MSFT-USDTlong	0.0000%	8h	504.42	long leg	$6K	$3.8M	20x
Coinbase International MSFT-PERP-INTX	0.0000%	1h	503.16	−0.250%	$681K	$447K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.45	−0.192%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.79	−0.125%	$2.2M	$817K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0001%	1h	503.19	−0.244%	$22.4M	$8.9M	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.62	−0.159%	$1.2M	$532K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.49	−0.184%	$708K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.52	−0.178%	$1.1M	$4.6M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.34	−0.214%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.79	−0.125%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.31	−0.220%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.52	−0.178%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.24	−0.234%	$513K	$429K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	503.59	−0.164%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.38	−0.206%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.97	−0.287%	$1.6M	$69K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.26	−0.230%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythosshort	+0.0100%	8h	503.55	−0.172%	$8K	—	10x
Hotstuff MSFT-PERP	+0.0104%	1h	503.23	−0.236%	$32K	$8K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.57	−0.168%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.86	+0.087%	$116K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0999%	4h	503.56	−0.170%	$102K	$244K	10x	as long as short