MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h +0.084%

Price spread now: Extended against Hotstuff+0.051%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Extended

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 airdropHotstuff: Active · Extended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Extended is 0.051% dearer against Hotstuff than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff MSFT-PERP	501.25	0.0080	pay 0.0010% / 1h	54m 35s	$32K	$8K	20x
Short	Extended MSFT_24_5-USD	501.50	0	get 0.0000% / 1h	54m 35s	$337K	$889K	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Hotstuff. 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 HotstuffbpFee ExtendedbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$16.8
Price spread: +0.051% → 0.000%: $5.06
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$21.74
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Extended: live order book, 8 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Extended live order book, 8 min ago	0.10 bp	5.2 bp −$5	39.0 bp −$390	doesn't fit	doesn't fit

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 33 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	−0.0138%	1h	501.51	+0.052%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	501.24	−0.002%	$679K	$456K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.75	+0.099%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USDshort	0.0000%	1h	501.50	+0.051%	$337K	$889K	17x
Binance MSFTUSDT	0.0000%	8h	501.66	+0.082%	$15.6M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.68	+0.086%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.83	+0.116%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.41	+0.032%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.60	+0.070%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.53	+0.055%	$1.3M	$650K	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.63	+0.076%	$18K	$293K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.39	+0.227%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.28	+0.006%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.44	+0.038%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.75	+0.100%	$2.2M	$762K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0022%	1h	501.25	0.000%	$22.1M	$9.1M	20x	as long as short
QFEX MSFT-USD	+0.0030%	1h	501.46	+0.042%	$1.1M	$5.7M	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.47	+0.044%	$658K	$2.0M	20x	as long as short
Lighter MSFT	+0.0040%	1h	501.73	+0.096%	$1.1M	$454K	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.41	+0.032%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.59	+0.068%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.24	−0.002%	$303K	$671K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.51	+0.052%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.12	−0.026%	$522K	$481K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0053%	8h	501.58	+0.065%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.34	+0.018%	$10K	$15K	20x	as long as short
Hotstuff MSFT-PERPlong	+0.0080%	1h	501.25	long leg	$32K	$8K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	501.32	+0.014%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.25	0.000%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.47	+0.044%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.49	+0.048%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.87	+0.124%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0739%	4h	501.56	+0.062%	$102K	$242K	10x	as long as short