MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.063%

Price spread now: Injective against Extended+0.270%100s7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs+$11as 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−$310.314% of the position

Long on Extended Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.428%+$43 on $10k

Price spread, last 4 days (all we have)−0.238%−$24 · spread now +0.270%, 7d avg −0.020%

Together, before fees+0.190%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.291% dearer against Extended than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.020%. The two prices were read 100 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	Extended MSFT_24_5-USD	503.50	0	get 0.0000% / 1h	13m 40s	$339K	$1.9M	17x
Short	Injective MSFT/USDC PERP	504.86	0.0220	get 0.0028% / 1h	13m 40s	$116K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.270%Rate

Funding earned: $46.2
Price spread: +0.270% → −0.020%: $29.08
Slippage, 4 orders: −$26.4
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $43.86
Costs to cover: 0.314%
Break-even: 0.4 days

Slippage from Extended: live order book, 5 min ago; Injective: live order book, 25 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 Extended live order book, 5 min ago	0.50 bp	5.8 bp −$6	37.8 bp −$378	doesn't fit	doesn't fit
Sell Injective live order book, 25 min ago	10.03 bp	10.0 bp −$10	10.0 bp −$100	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
Nado MSFT-PERP	−0.0051%	1h	503.52	+0.004%	$414K	$67K	20x	as long as short
tradeXYZ xyz:MSFT	0.0000%	1h	503.18	−0.063%	$22.4M	$8.9M	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.67	+0.034%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USDlong	0.0000%	1h	503.50	long leg	$339K	$1.9M	17x
Binance MSFTUSDT	0.0000%	8h	503.64	+0.028%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.33	−0.034%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.63	+0.026%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.40	−0.020%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.62	+0.024%	$3.8M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.60	+0.019%	$1.3M	$403K	—	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	503.59	+0.018%	$19K	$320K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.42	+0.183%	$6K	$3.8M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.35	−0.030%	$27K	$44K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	503.16	−0.067%	$681K	$447K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.46	−0.008%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.69	+0.038%	$2.2M	$817K	10x	as long as short
BloFin MSFT-USDT	+0.0019%	8h	503.62	+0.024%	$191K	$206K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.52	+0.004%	$1.2M	$532K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.41	−0.018%	$708K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.48	−0.004%	$1.1M	$4.6M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.36	−0.028%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.73	+0.046%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.21	−0.057%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.46	−0.008%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.20	−0.059%	$513K	$429K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	503.45	−0.009%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.47	−0.006%	$11K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0072%	1h	503.18	−0.063%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.96	−0.107%	$1.6M	$69K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.42	−0.016%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.46	−0.008%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.50	0.000%	$55	—	10x	as long as short
Injective MSFT/USDC PERPshort	+0.0220%	1h	504.86	+0.270%	$116K	$45K	30x
edgeX MSFTUSDC	+0.0506%	4h	503.57	+0.013%	$102K	$244K	10x	as long as short