MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.008%

Price spread now: Deribit against SoDEX+0.032%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Deribit is 0.032% dearer against SoDEX than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 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	SoDEX MSFT-USD	503.34	0.0050	pay 0.0006% / 1h	5m 57s	$60K	$3K	10x
Short	Deribit MSFT_USDC-PERPETUAL	503.50	0	get 0.0000% / 1h	5m 57s	$27K	$42K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SoDEX. 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 SoDEXbpFee DeribitbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$10.5
Price spread: +0.032% → 0.000%: $3.18
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$22.32
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Deribit: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

SoDEX and Deribit: 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
Hotstuff MSFT-PERP	−0.0112%	1h	503.30	−0.008%	$32K	$8K	20x	as long as short
Nado MSFT-PERP	−0.0100%	1h	503.50	+0.031%	$414K	$65K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	503.25	−0.018%	$686K	$453K	10x	as long as short
BloFin MSFT-USDT	−0.0023%	8h	503.83	+0.097%	$189K	$205K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.42	+0.016%	$162K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.36	+0.004%	$339K	$885K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.49	+0.030%	$15.8M	$19.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.26	−0.016%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.78	+0.087%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.31	−0.006%	$3.1M	$1.8M	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	503.51	+0.034%	$4.4M	$2.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.40	+0.011%	$1.3M	$493K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.55	+0.041%	$18K	$300K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.46	+0.223%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUALshort	0.0000%	1h	503.50	+0.032%	$27K	$42K	10x
HTX MSFT-USDT	0.0000%	8h	503.59	+0.050%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.99	+0.129%	$2.2M	$783K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0013%	1h	503.13	−0.042%	$22.2M	$8.8M	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.61	+0.054%	$1.1M	$514K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.37	+0.006%	$680K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	503.66	+0.064%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.29	−0.010%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.57	+0.046%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	503.14	−0.040%	$11K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.34	0.000%	$303K	$713K	10x	as long as short
SoDEX MSFT-USDlong	+0.0050%	1h	503.34	long leg	$60K	$3K	10x
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.25	−0.018%	$512K	$459K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	503.65	+0.061%	$222	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.11	−0.046%	$1.6M	$56K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.14	−0.040%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.58	+0.048%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.48	+0.028%	$55	—	10x	as long as short
edgeX MSFTUSDC	+0.0208%	4h	503.56	+0.044%	$102K	$243K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.08	−0.052%	$115K	$45K	30x	as long as short