MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0170%/8h= +18.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.053%

Price spread now: Injective against tradeXYZ+0.188%54s7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.391% of the position

Long on tradeXYZ Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.376%+$38 on $10k

Price spread, last 4 days (all we have)+0.429%+$43 · spread now +0.188%, 7d avg +0.053%

Together, before fees+0.805%+ Points / potential airdroptradeXYZ: Active · farm board+$80 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.135% dearer against tradeXYZ than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.053%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSFT	500.92	0.0050	pay 0.0006% / 1h	24m 08s	$22.1M	$8.9M	20x
Short	Injective MSFT/USDC PERP	501.86	0.0220	get 0.0028% / 1h	24m 08s	$115K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against tradeXYZ. 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 tradeXYZbpFee InjectivebpOrdersPrice spread, now +0.188%Rate

Funding earned: $35.7
Price spread: +0.188% → +0.053%: $13.51
Slippage, 4 orders: −$21.12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $10.07
Costs to cover: 0.391%
Break-even: 5.0 days

Slippage from tradeXYZ: live order book, 4 min ago; Injective: live order book, 39 min ago.

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 tradeXYZ live order book, 4 min ago	0.10 bp	9.5 bp −$10	11.9 bp −$119	doesn't fit	doesn't fit
Sell Injective live order book, 39 min ago	9.97 bp	10.0 bp −$10	10.0 bp −$100	doesn't fit	doesn't fit

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	−0.0517%	4h	501.54	+0.124%	$102K	$242K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	500.91	−0.002%	$678K	$457K	10x	as long as short
Nado MSFT-PERP	−0.0035%	1h	501.17	+0.050%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0008%	8h	501.57	+0.130%	$189K	$203K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.58	+0.132%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.21	+0.058%	$337K	$892K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.32	+0.080%	$15.7M	$18.9M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.20	+0.056%	$7.3M	$1.8M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.55	+0.126%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.20	+0.056%	$3.1M	$1.7M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.47	+0.110%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.44	+0.104%	$1.3M	$650K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.68	+0.152%	$19K	$297K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.09	+0.234%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	500.99	+0.014%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.16	+0.048%	$58K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.34	+0.084%	$2.2M	$769K	10x	as long as short
QFEX MSFT-USD	+0.0030%	1h	501.20	+0.056%	$1.1M	$5.6M	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.14	+0.044%	$685K	$2.0M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.29	+0.074%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.39	+0.094%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFTlong	+0.0050%	1h	500.92	long leg	$22.1M	$8.9M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	500.94	+0.004%	$301K	$648K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.18	+0.052%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.01	+0.018%	$524K	$495K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0060%	8h	501.21	+0.058%	$221	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	501.44	+0.104%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.27	+0.070%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.13	+0.042%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.31	+0.078%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.22	+0.060%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0128%	1h	500.95	+0.006%	$32K	$8K	20x	as long as short
Lighter MSFT	+0.0176%	1h	501.46	+0.108%	$1.1M	$459K	20x	as long as short
Injective MSFT/USDC PERPshort	+0.0220%	1h	501.86	+0.188%	$115K	$45K	30x