Funding you earn now, next payment 08:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.078%
Price spread now: HTX against Hotstuff+0.050%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.050% dearer against Hotstuff than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff MSFT-PERP | 503.12 | −0.0064 | get 0.0008% / 1h | 54m 31s | $32K | $8K | 20x |
| Short | HTX MSFT-USDT | 503.37 | 0 | get 0.0000% / 8h | 54m 31s | $59K | $226K | 20x |
Hotstuff MSFT-PERP
HTX MSFT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Hotstuff. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $13.44
- Price spread: +0.050% → 0.000%
- $4.97
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $1.41
- Costs to cover
- 0.170%
- Break-even
- 6.3 days
Slippage unknown: Hotstuff: no order-book sample; HTX: live order book, 47 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 HTX live order book, 47 min ago | 2.68 bp | 8.8 bp −$9 | 18.1 bp −$181 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0346% | 4h | 503.47 | +0.070% | $102K | $242K | 10x | as long as short |
| Nado MSFT-PERP | −0.0093% | 1h | 503.28 | +0.031% | $414K | $67K | 20x | as long as short |
| Hotstuff MSFT-PERPlong | −0.0064% | 1h | 503.12 | long leg | $32K | $8K | 20x | |
| BloFin MSFT-USDT | −0.0025% | 8h | 503.53 | +0.081% | $190K | $206K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.31 | +0.038% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.36 | +0.048% | $340K | $1.8M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.54 | +0.084% | $15.8M | $19.2M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.28 | +0.032% | $7.3M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.51 | +0.078% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.24 | +0.024% | $3.1M | $1.8M | 100x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 503.54 | +0.083% | $3.8M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.43 | +0.062% | $1.3M | $414K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.62 | +0.099% | $18K | $328K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.30 | +0.235% | $6K | $3.8M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.19 | +0.014% | $27K | $44K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 503.66 | +0.107% | $682K | $450K | 10x | as long as short |
| HTX MSFT-USDTshort | 0.0000% | 8h | 503.37 | +0.050% | $59K | $226K | 20x | |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.77 | +0.129% | $2.2M | $822K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0020% | 1h | 503.08 | −0.008% | $22.4M | $8.8M | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.29 | +0.034% | $694K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0037% | 1h | 503.39 | +0.054% | $1.2M | $4.7M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.27 | +0.030% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.55 | +0.085% | — | $1K | 25x | as long as short |
| Lighter MSFT | +0.0048% | 1h | 503.45 | +0.066% | $1.2M | $518K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.13 | +0.002% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.33 | +0.042% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.11 | −0.002% | $512K | $433K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0055% | 8h | 503.32 | +0.040% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.28 | +0.032% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.82 | −0.060% | $1.6M | $61K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.39 | +0.054% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.35 | +0.046% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.35 | +0.045% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.82 | +0.139% | $115K | $45K | 30x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
Phemex MSFTUSDT
tradeXYZ xyz:MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Lighter MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP