MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.016%

Price spread now: Aevo against Phoenix+0.028%66s7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.028% dearer against Phoenix than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 66 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	Phoenix MSFT	503.38	0.0064	pay 0.0008% / 1h	0m 10s	$11K	$15K	20x
Short	Aevo MSFT-PERP	503.52	0.0104	get 0.0013% / 1h	0m 10s	$55	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. 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 PhoenixbpFee AevobpOrdersPrice spread, now +0.028%Rate

Funding earned: $8.49
Price spread: +0.028% → 0.000%: $2.82
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$11.69
Costs to cover: 0.230%
Break-even: 16.6 days

Slippage unknown: Phoenix: no order-book sample; Aevo: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Phoenix and Aevo: 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	−0.0574%	4h	503.55	+0.034%	$102K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	+0.056%	$682K	$488K	10x	as long as short
BloFin MSFT-USDT	−0.0028%	8h	503.62	+0.048%	$190K	$207K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.50	+0.025%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.53	+0.030%	$338K	$1.4M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.67	+0.058%	$15.8M	$19.4M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.36	−0.004%	$7.3M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.59	+0.042%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.37	−0.002%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.60	+0.044%	$3.8M	$2.9M	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	503.65	+0.053%	$1.3M	$414K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.58	+0.040%	$19K	$328K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.40	+0.203%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.39	+0.002%	$27K	$44K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.51	+0.026%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.71	+0.066%	$2.2M	$823K	10x	as long as short
Nado MSFT-PERP	+0.0020%	1h	503.41	+0.006%	$414K	$67K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.41	+0.006%	$695K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.62	+0.048%	$1.2M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.36	−0.004%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.69	+0.062%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.15	−0.046%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.30	−0.016%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.40	+0.004%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.25	−0.026%	$512K	$452K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	503.43	+0.011%	$222	—	5x	as long as short
Phoenix MSFTlong	+0.0064%	1h	503.38	long leg	$11K	$15K	20x
Hotstuff MSFT-PERP	+0.0072%	1h	503.22	−0.032%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.10	−0.056%	$1.6M	$60K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.26	−0.024%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.48	+0.020%	$8K	—	10x	as long as short
Aevo MSFT-PERPshort	+0.0104%	1h	503.52	+0.028%	$55	—	10x
Lighter MSFT	+0.0136%	1h	503.57	+0.038%	$1.2M	$533K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.98	+0.119%	$115K	$45K	30x	as long as short