MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.15 per $10,000 · paid last 24h −0.143%

Price spread now: Hotstuff against Injective−0.116%45s7-day average — · you buy dearer than you sell

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

Long on Injective 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 airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hotstuff is 0.116% cheaper against Injective than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 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	Injective MSFT/USDC PERP	501.63	0.0220	pay 0.0028% / 1h	20m 07s	$115K	$45K	30x
Short	Hotstuff MSFT-PERP	501.05	0.0096	get 0.0012% / 1h	20m 07s	$32K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Injective. 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 InjectivebpFee HotstuffbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$26.04
Price spread: −0.116% → 0.000%: −$11.56
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$42.62
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 38 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 Injective live order book, 38 min ago	10.08 bp	10.1 bp −$10	10.1 bp −$101	65071.6 bp −$6.51M	365357.3 bp −$182.68M
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
edgeX MSFTUSDC	−0.0509%	4h	501.49	−0.029%	$102K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	500.97	−0.132%	$678K	$455K	10x	as long as short
BloFin MSFT-USDT	−0.0007%	8h	501.57	−0.012%	$189K	$204K	20x	as long as short
Nado MSFT-PERP	−0.0006%	1h	501.29	−0.068%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.31	−0.064%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.44	−0.037%	$337K	$893K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.58	−0.010%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.27	−0.072%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.57	−0.012%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.32	−0.062%	$3.1M	$1.7M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.39	−0.048%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.48	−0.029%	$1.3M	$615K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.54	−0.018%	$19K	$302K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.34	+0.142%	$6K	$4.0M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.37	−0.052%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.54	−0.018%	$2.2M	$772K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.31	−0.064%	$675K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	501.42	−0.042%	$1.2M	$5.3M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.24	−0.078%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.43	−0.040%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.08	−0.110%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.05	−0.116%	$22.1M	$8.7M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.19	−0.088%	$302K	$722K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.32	−0.062%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.07	−0.112%	$528K	$443K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	501.44	−0.039%	$221	—	5x	as long as short
Hotstuff MSFT-PERPshort	+0.0096%	1h	501.05	−0.116%	$32K	$8K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	501.16	−0.094%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.92	−0.142%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.45	−0.036%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.45	−0.037%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0109%	1h	501.39	−0.048%	$27K	$41K	10x	as long as short
Lighter MSFT	+0.0128%	1h	501.54	−0.018%	$1.1M	$499K	20x	as long as short
Injective MSFT/USDC PERPlong	+0.0220%	1h	501.63	long leg	$115K	$45K	30x