MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0018%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.009%

Price spread now: tradeXYZ against Deribit−0.048%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on tradeXYZ

What this pair did over the last

the charts below follow

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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.048% cheaper against Deribit than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 9.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MSFT_USDC-PERPETUAL	503.31	0	get 0.0000% / 1h	43m 16s	$30K	$47K	10x
Short	tradeXYZ xyz:MSFT	503.07	0.0018	get 0.0002% / 1h	43m 16s	$22.4M	$9.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Deribit. 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 DeribitbpFee tradeXYZbpOrdersPrice spread, now −0.048%Rate

Funding earned: $3.7
Price spread: −0.048% → 0.000%: −$4.77
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$26.07
Costs to cover: 0.250%
Break-even: 56.4 days

Slippage unknown: Deribit: no order-book sample; tradeXYZ: live order book, 9 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 Deribit no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 9 min ago	0.60 bp	9.8 bp −$10	11.7 bp −$117	doesn't fit	doesn't fit

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 exchanges

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
Hotstuff MSFT-PERP	−0.1600%	1h	503.07	−0.048%	$32K	$8K	20x	as long as short
Nado MSFT-PERP	−0.0069%	1h	503.31	0.000%	$411K	$72K	20x	as long as short
Ondo Perps MSFT-USD.P	−0.0029%	1h	503.16	−0.030%	$531K	$396K	15x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.07	+0.150%	$166K	$118K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.47	+0.032%	$326K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.66	+0.070%	$16.3M	$21.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.33	+0.004%	$7.3M	$2.3M	100x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.30	−0.002%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.54	+0.046%	$3.9M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.01	−0.060%	$1.3M	$396K	—	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	503.15	−0.032%	$18K	$318K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.41	+0.219%	$6K	$3.5M	20x	as long as short
Deribit MSFT_USDC-PERPETUALlong	0.0000%	1h	503.31	long leg	$30K	$47K	10x
Coinbase International MSFT-PERP-INTX	0.0000%	1h	503.12	−0.038%	$701K	$527K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.41	+0.020%	$48K	$247K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.75	+0.087%	$2.3M	$912K	10x	as long as short
BloFin MSFT-USDT	+0.0003%	8h	503.63	+0.064%	$202K	$216K	20x	as long as short
tradeXYZ xyz:MSFTshort	+0.0018%	1h	503.07	−0.048%	$22.4M	$9.2M	20x
Lighter MSFT	+0.0032%	1h	503.47	+0.032%	$1.2M	$489K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.46	+0.030%	$689K	$1.8M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.56	+0.050%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.11	−0.040%	$318K	$675K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.46	+0.030%	$60K	$3K	10x	as long as short
OKX MSFT-USDT-SWAP	+0.0052%	8h	503.69	+0.076%	$3.2M	$2.7M	20x	as long as short
edgeX MSFTUSDC	+0.0054%	4h	503.20	−0.022%	$102K	$244K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	503.33	+0.005%	$221	—	5x	as long as short
QFEX MSFT-USD	+0.0058%	1h	503.53	+0.044%	$1.2M	$4.7M	10x	as long as short
Phoenix MSFT	+0.0079%	1h	503.16	−0.030%	$11K	$5K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.03	−0.056%	$1.6M	$230K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.16	−0.030%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.44	+0.026%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.49	+0.035%	$55	—	10x	as long as short
Arcus MSFT-USD	+0.0190%	1h	503.25	−0.012%	$93K	$83K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.61	+0.060%	$115K	$45K	30x	as long as short