MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.1615%/8h= −176.8% APRnext payment −$2.02 per $10,000 · paid last 24h −0.113%

Price spread now: Hotstuff against tradeXYZ−0.004%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ 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 airdroptradeXYZ: Active · Hotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$48 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSFT	503.07	0.0015	pay 0.0002% / 1h	44m 07s	$22.4M	$9.2M	20x
Short	Hotstuff MSFT-PERP	503.05	−0.1600	pay 0.0200% / 1h	44m 07s	$32K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against tradeXYZ. 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 tradeXYZbpFee HotstuffbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$339.07
Price spread: −0.004% → 0.000%: −$0.4
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$362.47
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 8 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 tradeXYZ live order book, 8 min ago	0.60 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit
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 exchanges

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-PERPshort	−0.1600%	1h	503.05	−0.004%	$32K	$8K	20x
edgeX MSFTUSDC	−0.0224%	4h	503.01	−0.012%	$102K	$244K	10x	as long as short
Nado MSFT-PERP	−0.0071%	1h	503.29	+0.044%	$411K	$72K	20x	as long as short
Ondo Perps MSFT-USD.P	−0.0023%	1h	503.08	+0.002%	$531K	$386K	15x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.06	+0.196%	$166K	$118K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.43	+0.072%	$326K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.53	+0.092%	$16.4M	$21.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.26	+0.038%	$7.3M	$2.3M	100x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.23	+0.032%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.49	+0.083%	$3.9M	$2.9M	100x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	503.01	−0.013%	$1.3M	$396K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.15	+0.016%	$18K	$318K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.26	+0.237%	$6K	$3.5M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.21	+0.028%	$30K	$47K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	503.12	+0.010%	$701K	$527K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.39	+0.064%	$48K	$247K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.80	+0.145%	$2.3M	$911K	10x	as long as short
BloFin MSFT-USDT	+0.0006%	8h	503.60	+0.105%	$202K	$216K	20x	as long as short
tradeXYZ xyz:MSFTlong	+0.0015%	1h	503.07	long leg	$22.4M	$9.2M	20x
Lighter MSFT	+0.0032%	1h	503.30	+0.046%	$1.2M	$485K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.31	+0.048%	$689K	$1.8M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.48	+0.081%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.14	+0.014%	$318K	$675K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.25	+0.036%	$60K	$3K	10x	as long as short
OKX MSFT-USDT-SWAP	+0.0052%	8h	503.57	+0.099%	$3.2M	$2.7M	20x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	503.29	+0.045%	$221	—	5x	as long as short
QFEX MSFT-USD	+0.0058%	1h	503.44	+0.074%	$1.2M	$4.7M	10x	as long as short
Phoenix MSFT	+0.0079%	1h	503.21	+0.028%	$11K	$5K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.79	−0.056%	$1.6M	$228K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.11	+0.008%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.43	+0.072%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.40	+0.065%	$55	—	10x	as long as short
Arcus MSFT-USD	+0.0190%	1h	503.18	+0.022%	$93K	$83K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.61	+0.107%	$115K	$45K	30x	as long as short