Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.025%
Price spread now: Deribit against Aevo−0.020%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.020% cheaper against Aevo than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MSFT-PERP | 503.45 | 0.0104 | pay 0.0013% / 1h | 11m 07s | $55 | — | 10x |
| Short | Deribit MSFT_USDC-PERPETUAL | 503.35 | 0 | get 0.0000% / 1h | 11m 07s | $27K | $44K | 10x |
Aevo MSFT-PERP
Deribit MSFT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21.84
- Price spread: −0.020% → 0.000%
- −$2.01
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$46.85
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Deribit: 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Aevo and Deribit: 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 | −0.0052% | 1h | 503.40 | −0.010% | $414K | $67K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0010% | 8h | 503.61 | +0.032% | $191K | $206K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.0002% | 1h | 503.10 | −0.070% | $22.4M | $8.9M | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.61 | +0.031% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.43 | −0.004% | $339K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.55 | +0.020% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.22 | −0.046% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.62 | +0.034% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.29 | −0.032% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.47 | +0.004% | $3.8M | $2.9M | 100x | as long as short |
Nado MSFT-PERP
BloFin MSFT-USDT
tradeXYZ xyz:MSFT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 503.60 | +0.029% | $1.3M | $403K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.61 | +0.032% | $19K | $320K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.34 | +0.177% | $6K | $3.8M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUALshort | 0.0000% | 1h | 503.35 | −0.020% | $27K | $44K | 10x | |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 503.07 | −0.076% | $687K | $454K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.33 | −0.024% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.80 | +0.069% | $2.2M | $818K | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.47 | +0.004% | $1.2M | $532K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.39 | −0.012% | $706K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0037% | 1h | 503.46 | +0.002% | $1.1M | $4.6M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.35 | −0.020% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.59 | +0.028% | — | $1K | 25x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.25 | −0.040% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.31 | −0.028% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.20 | −0.050% | $512K | $429K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 503.48 | +0.006% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.35 | −0.020% | $11K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0080% | 1h | 503.12 | −0.066% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.97 | −0.096% | $1.6M | $70K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.20 | −0.050% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.44 | −0.002% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERPlong | +0.0104% | 1h | 503.45 | long leg | $55 | — | 10x | |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.80 | +0.069% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0506% | 4h | 503.57 | +0.023% | $102K | $244K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Injective MSFT/USDC PERP
edgeX MSFTUSDC