MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.006%

Price spread now: tradeXYZ against Extended−0.078%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Extended Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.078%, 7d avg −0.081%

Together, before fees+0.057%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.081%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSFT_24_5-USD	501.26	0	get 0.0000% / 1h	7m 51s	$337K	$890K	17x
Short	tradeXYZ xyz:MSFT	500.87	0.0050	get 0.0006% / 1h	7m 51s	$22.0M	$8.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.078%Rate

Funding earned: $10.5
Price spread: −0.078% → −0.081%: $0.33
Slippage, 4 orders: −$8.87
Fee Extended: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.04
Costs to cover: 0.319%
Break-even: 21.0 days

Slippage from Extended: live order book, 50 min ago; tradeXYZ: live order book, 10 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, 50 min ago	0.60 bp	5.7 bp −$6	39.7 bp −$397	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.50 bp	10.4 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-INTX	−0.0040%	1h	500.97	−0.058%	$677K	$457K	10x	as long as short
Nado MSFT-PERP	−0.0019%	1h	501.19	−0.014%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0003%	8h	501.42	+0.032%	$189K	$204K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.21	−0.010%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USDlong	0.0000%	1h	501.26	long leg	$337K	$890K	17x
Binance MSFTUSDT	0.0000%	8h	501.39	+0.026%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.04	−0.044%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.51	+0.050%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.20	−0.012%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.29	+0.006%	$4.5M	$2.5M	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	501.23	−0.005%	$1.3M	$613K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.34	+0.016%	$19K	$301K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.17	+0.182%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	500.99	−0.054%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.32	+0.012%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.60	+0.068%	$2.2M	$770K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.14	−0.024%	$676K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	501.26	0.000%	$1.2M	$5.0M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.09	−0.034%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.37	+0.022%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.13	−0.026%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFTshort	+0.0050%	1h	500.87	−0.078%	$22.0M	$8.7M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	500.98	−0.056%	$302K	$722K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.22	−0.008%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.94	−0.064%	$527K	$444K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	501.27	+0.001%	$221	—	5x	as long as short
Lighter MSFT	+0.0096%	1h	501.40	+0.028%	$1.1M	$499K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.09	−0.034%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.89	−0.074%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.22	−0.008%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.22	−0.008%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0160%	1h	500.86	−0.080%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.76	+0.100%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0590%	4h	501.25	−0.003%	$102K	$242K	10x	as long as short