Funding you earn now, next payment 02:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.018%
Price spread now: Aevo against tradeXYZ+0.037%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 Aevo is 0.037% dearer against tradeXYZ than usual: you sell high and buy low: +$4 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 | tradeXYZ xyz:MSFT | 501.09 | 0.0050 | pay 0.0006% / 1h | 37m 39s | $22.1M | $9.2M | 20x |
| Short | Aevo MSFT-PERP | 501.28 | 0.0104 | get 0.0013% / 1h | 37m 39s | $55 | — | 10x |
tradeXYZ xyz:MSFT
Aevo MSFT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against tradeXYZ. 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
- $11.34
- Price spread: +0.037% → 0.000%
- $3.7
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$18.96
- Costs to cover
- 0.340%
- Break-even
- 18.7 days
Slippage unknown: tradeXYZ: live order book, 11 min ago; 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 tradeXYZ live order book, 11 min ago | 0.40 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MSFT-USDT | −0.0028% | 8h | 501.33 | +0.048% | $189K | $204K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0016% | 1h | 500.87 | −0.044% | $684K | $451K | 10x | as long as short |
| Nado MSFT-PERP | −0.0013% | 1h | 501.08 | −0.001% | $414K | $64K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.0008% | 1h | 500.97 | −0.024% | $32K | $8K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.60 | +0.101% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.26 | +0.034% | $342K | $894K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.49 | +0.080% | $15.6M | $18.8M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.25 | +0.032% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.53 | +0.088% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.22 | +0.026% | $3.1M | $1.6M | 100x | as long as short |
BloFin MSFT-USDT
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Hotstuff MSFT-PERP
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 | 501.40 | +0.062% | $4.3M | $2.4M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.10 | +0.001% | $1.3M | $677K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.24 | +0.029% | $19K | $295K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.19 | +0.220% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.15 | +0.012% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.32 | +0.046% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.53 | +0.088% | $2.2M | $762K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.30 | +0.042% | $618K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0038% | 1h | 501.31 | +0.044% | $1.2M | $5.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.12 | +0.006% | $97K | $109K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.18 | +0.018% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFTlong | +0.0050% | 1h | 501.09 | long leg | $22.1M | $9.2M | 20x | |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.97 | −0.024% | $303K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.30 | +0.042% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.84 | −0.050% | $513K | $514K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 501.34 | +0.049% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.09 | 0.000% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.10 | +0.002% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.67 | −0.084% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.31 | +0.044% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERPshort | +0.0104% | 1h | 501.28 | +0.037% | $55 | — | 10x | |
| Lighter MSFT | +0.0136% | 1h | 501.58 | +0.098% | $1.1M | $489K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.56 | +0.094% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0251% | 4h | 501.21 | +0.025% | $102K | $241K | 10x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
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
Lighter MSFT
Injective MSFT/USDC PERP
edgeX MSFTUSDC