MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h −0.069%

Price spread now: Hotstuff against Coinbase International+0.271%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hotstuff is 0.271% dearer against Coinbase International than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSFT-PERP-INTX	500.97	−0.0032	get 0.0004% / 1h	23m 48s	$677K	$446K	10x
Short	Hotstuff MSFT-PERP	502.33	0.0056	get 0.0007% / 1h	23m 48s	$32K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Coinbase International. 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 Coinbase InternationalbpFee HotstuffbpOrdersPrice spread, now +0.271%Rate

Funding earned: $18.48
Price spread: +0.271% → 0.000%: $27.15
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $30.63
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 29 min ago; Hotstuff: 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 Coinbase International live order book, 29 min ago	1.70 bp	7.4 bp −$7	11.1 bp −$111	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	502.70	+0.346%	$415K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTXlong	−0.0032%	1h	500.97	long leg	$677K	$446K	10x
tradeXYZ xyz:MSFT	−0.0008%	1h	502.60	+0.325%	$22.2M	$8.8M	20x	as long as short
BloFin MSFT-USDT	−0.0008%	8h	502.76	+0.357%	$189K	$204K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.73	+0.351%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.83	+0.372%	$339K	$884K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.04	+0.414%	$15.8M	$19.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	502.74	+0.353%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.89	+0.383%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.69	+0.343%	$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	502.91	+0.387%	$4.4M	$2.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.37	+0.280%	$1.3M	$607K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.17	+0.240%	$19K	$297K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	503.68	+0.541%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	502.66	+0.337%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.79	+0.363%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.34	+0.473%	$2.2M	$780K	10x	as long as short
Lighter MSFT	+0.0032%	1h	502.93	+0.391%	$1.1M	$503K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.64	+0.333%	$679K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	502.76	+0.357%	$1.2M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	502.20	+0.246%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.97	+0.399%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.61	+0.128%	$10K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	502.54	+0.313%	$303K	$705K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.77	+0.359%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	502.78	+0.361%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.96	+0.198%	$511K	$461K	15x	as long as short
Hotstuff MSFT-PERPshort	+0.0056%	1h	502.33	+0.271%	$32K	$8K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	502.30	+0.265%	$1.6M	$55K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	502.18	+0.242%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.68	+0.341%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.71	+0.348%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.14	+0.234%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0614%	4h	502.32	+0.269%	$102K	$242K	10x	as long as short