MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0114%/8h= +12.5% APRnext payment +$0.14 per $10,000 · paid last 24h +0.020%

Price spread now: tradeXYZ against Coinbase International+0.018%50s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$360.361% of the position

Long on Coinbase International Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.018%, 7d avg +0.012%

Together, before fees0.000%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 50 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	Coinbase International MSFT-PERP-INTX	503.76	−0.0064	get 0.0008% / 1h	10m 30s	$684K	$493K	10x
Short	tradeXYZ xyz:MSFT	503.85	0.0050	get 0.0006% / 1h	10m 30s	$22.4M	$9.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.018%Rate

Funding earned: $23.94
Price spread: +0.018% → +0.012%: $0.6
Slippage, 4 orders: −$8.06
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$11.52
Costs to cover: 0.361%
Break-even: 10.4 days

Slippage from Coinbase International: live order book, 38 min ago; tradeXYZ: live order book, 9 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 Coinbase International live order book, 38 min ago	2.89 bp	8.2 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.50 bp	9.8 bp −$10	doesn't fit	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
Coinbase International MSFT-PERP-INTXlong	−0.0064%	1h	503.76	long leg	$684K	$493K	10x
Nado MSFT-PERP	−0.0021%	1h	504.04	+0.055%	$415K	$68K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.09	+0.066%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.05	+0.058%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.23	+0.093%	$15.9M	$19.5M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.04	+0.056%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.22	+0.091%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.05	+0.058%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.21	+0.089%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.20	+0.087%	$1.3M	$499K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	504.36	+0.119%	$18K	$323K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	505.04	+0.254%	$6K	$3.9M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.10	+0.067%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.74	+0.195%	$2.2M	$814K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	504.07	+0.062%	$11K	$15K	20x	as long as short
BloFin MSFT-USDT	+0.0018%	8h	504.27	+0.101%	$189K	$207K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.00	+0.048%	$683K	$2.0M	20x	as long as short
Hotstuff MSFT-PERP	+0.0032%	1h	503.85	+0.018%	$33K	$8K	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	504.18	+0.083%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	504.05	+0.058%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.23	+0.093%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFTshort	+0.0050%	1h	503.85	+0.018%	$22.4M	$9.0M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	503.91	+0.030%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.14	+0.075%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.97	+0.042%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	504.12	+0.072%	$222	—	5x	as long as short
Lighter MSFT	+0.0088%	1h	504.26	+0.099%	$1.2M	$516K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.72	−0.008%	$1.6M	$57K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.73	−0.006%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.13	+0.073%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.22	+0.092%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.42	+0.131%	$115K	$45K	30x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0226%	1h	504.16	+0.079%	$27K	$43K	10x	as long as short
edgeX MSFTUSDC	+0.0400%	4h	504.30	+0.108%	$103K	$242K	10x	as long as short