MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h −0.082%

Price spread now: Hotstuff against Extended−0.140%7-day average — · you buy dearer than you sell

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

Long on Extended 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 airdropExtended: Active · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.140% cheaper against Extended than usual: you would sell low and buy high (spread −0.140% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 8.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSFT_24_5-USD	503.03	0	get 0.0000% / 1h	23m 16s	$339K	$884K	17x
Short	Hotstuff MSFT-PERP	502.33	0.0056	get 0.0007% / 1h	23m 16s	$32K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Extended. 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 ExtendedbpFee HotstuffbpOrdersPrice spread, now −0.140%Rate

Funding earned: $11.76
Price spread: −0.140% → 0.000%: −$13.96
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$12.2
Costs to cover: 0.100%
Break-even: 14.3 days

Slippage unknown: Extended: live order book, 30 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 Extended live order book, 30 min ago	0.80 bp	6.2 bp −$6	39.1 bp −$391	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	502.87	−0.033%	$415K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	502.46	−0.114%	$680K	$448K	10x	as long as short
tradeXYZ xyz:MSFT	−0.0008%	1h	502.67	−0.072%	$22.2M	$8.8M	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.83	−0.041%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USDlong	0.0000%	1h	503.03	long leg	$339K	$884K	17x
Binance MSFTUSDT	0.0000%	8h	503.14	+0.022%	$15.8M	$19.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	502.88	−0.030%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.05	+0.004%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.83	−0.040%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.00	−0.006%	$4.4M	$2.6M	100x	as long as short

Show 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	−0.131%	$1.3M	$607K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.63	−0.079%	$19K	$299K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	503.96	+0.184%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	502.87	−0.032%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.00	−0.006%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.10	+0.013%	$2.2M	$782K	10x	as long as short
BloFin MSFT-USDT	+0.0020%	8h	503.13	+0.019%	$189K	$204K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.21	+0.035%	$1.1M	$503K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.97	−0.012%	$681K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	502.92	−0.022%	$1.2M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	502.35	−0.136%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.06	+0.006%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	502.52	−0.102%	$11K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	502.67	−0.072%	$303K	$705K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.00	−0.006%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	502.94	−0.018%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	502.53	−0.100%	$511K	$461K	15x	as long as short
Hotstuff MSFT-PERPshort	+0.0056%	1h	502.33	−0.140%	$32K	$8K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	502.46	−0.114%	$1.6M	$55K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	502.18	−0.169%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.90	−0.026%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.95	−0.016%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.14	−0.177%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0614%	4h	502.32	−0.142%	$102K	$242K	10x	as long as short