Funding you earn now, next payment 05:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.15 per $10,000 · paid last 24h +0.035%
Price spread now: Injective against Aevo−0.182%59s7-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
Funding pays, the price is against you. Injective is 0.182% cheaper against Aevo than usual: you would sell low and buy high (spread −0.182% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 5.2 days of funding at the current rate (+$3 a day). The two prices were read 59 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 | Aevo MSFT-PERP | 503.05 | 0.0104 | pay 0.0013% / 1h | 22m 06s | $55 | — | 10x |
| Short | Injective MSFT/USDC PERP | 502.14 | 0.0220 | get 0.0028% / 1h | 22m 06s | $115K | $45K | 30x |
Aevo MSFT-PERP
Injective MSFT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $24.36
- Price spread: −0.182% → 0.000%
- −$18.18
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$9.84
- Costs to cover
- 0.160%
- Break-even
- 9.8 days
Slippage unknown: Aevo: no order-book sample; Injective: live order book, 32 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 32 min ago | 9.98 bp | 10.0 bp −$10 | 10.0 bp −$100 | doesn't fit | doesn't fit |
Aevo: 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 | −0.0103% | 1h | 503.03 | −0.005% | $415K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 502.46 | −0.118% | $680K | $448K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.0010% | 1h | 502.68 | −0.074% | $22.2M | $8.8M | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.00 | −0.010% | $162K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.98 | −0.014% | $339K | $884K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.08 | +0.005% | $15.8M | $19.2M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.90 | −0.031% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.13 | +0.015% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 502.93 | −0.025% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.00 | −0.011% | $4.4M | $2.6M | 100x | as long as short |
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
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 | 502.37 | −0.136% | $1.3M | $607K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.63 | −0.084% | $19K | $299K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 503.91 | +0.170% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 502.90 | −0.031% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.98 | −0.015% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.05 | −0.001% | $2.2M | $783K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0020% | 8h | 503.13 | +0.015% | $189K | $204K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.20 | +0.029% | $1.1M | $503K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 502.94 | −0.023% | $681K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 502.95 | −0.021% | $1.1M | $4.9M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 502.52 | −0.106% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.13 | +0.015% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 502.52 | −0.106% | $11K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 502.76 | −0.059% | $304K | $705K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.96 | −0.019% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 503.06 | +0.001% | $221 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 502.53 | −0.104% | $511K | $461K | 15x | as long as short |
| Hotstuff MSFT-PERP | +0.0080% | 1h | 502.74 | −0.063% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.63 | −0.084% | $1.6M | $55K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.18 | −0.174% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.12 | +0.013% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERPlong | +0.0104% | 1h | 503.05 | long leg | $55 | — | 10x | |
| Injective MSFT/USDC PERPshort | +0.0220% | 1h | 502.14 | −0.182% | $115K | $45K | 30x | |
| edgeX MSFTUSDC | +0.0614% | 4h | 502.32 | −0.146% | $102K | $242K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Ondo Perps MSFT-USD.P
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
edgeX MSFTUSDC