MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.050%

Price spread now: Injective against Phoenix+0.294%7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.376%+$38 on $10k

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 +$5 a day on $10k at the current rate, and Injective is 0.294% dearer against Phoenix than usual: you sell high and buy low: +$29 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	Phoenix MSFT	503.38	0.0064	pay 0.0008% / 1h	16m 54s	$11K	$15K	20x
Short	Injective MSFT/USDC PERP	504.86	0.0220	get 0.0028% / 1h	16m 54s	$116K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.294%Rate

Funding earned: $32.85
Price spread: +0.294% → 0.000%: $29.4
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $55.23
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; Injective: live order book, 22 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 Phoenix no order-book sample	—	—	—	—	—
Sell Injective live order book, 22 min ago	10.03 bp	10.0 bp −$10	10.0 bp −$100	doesn't fit	doesn't fit

Phoenix: 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
Nado MSFT-PERP	−0.0046%	1h	503.39	+0.002%	$414K	$67K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	−0.0028%	1h	503.35	−0.006%	$27K	$44K	10x	as long as short
BloFin MSFT-USDT	−0.0023%	8h	503.65	+0.054%	$191K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.78	+0.079%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.53	+0.030%	$339K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.66	+0.056%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.36	−0.004%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.67	+0.058%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.44	+0.012%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.63	+0.050%	$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	503.52	+0.027%	$1.3M	$404K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.58	+0.040%	$19K	$322K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.35	+0.193%	$6K	$3.8M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	503.16	−0.044%	$681K	$447K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.45	+0.014%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.79	+0.081%	$2.2M	$817K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0002%	1h	503.24	−0.028%	$22.4M	$8.9M	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.62	+0.048%	$1.2M	$532K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.49	+0.022%	$708K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.48	+0.020%	$1.1M	$4.6M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.33	−0.010%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.74	+0.072%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.19	−0.038%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.35	−0.006%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.24	−0.028%	$512K	$429K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	503.47	+0.017%	$222	—	5x	as long as short
Phoenix MSFTlong	+0.0064%	1h	503.38	long leg	$11K	$15K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	502.95	−0.085%	$1.6M	$69K	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	503.52	+0.028%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.53	+0.029%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0112%	1h	503.16	−0.044%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERPshort	+0.0220%	1h	504.86	+0.294%	$116K	$45K	30x
edgeX MSFTUSDC	+0.0999%	4h	503.56	+0.036%	$102K	$244K	10x	as long as short