MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0170%/8h= +18.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.053%

Price spread now: Injective against tradeXYZ+0.186%54s7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.406% of the position

Long on tradeXYZ Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.374%+$37 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.186%, 7d avg +0.054%

Together, before fees+0.468%+ Points / potential airdroptradeXYZ: Active · farm board+$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.132% dearer against tradeXYZ than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.054%. The two prices were read 54 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	tradeXYZ xyz:MSFT	500.83	0.0050	pay 0.0006% / 1h	10m 29s	$22.0M	$8.7M	20x
Short	Injective MSFT/USDC PERP	501.76	0.0220	get 0.0028% / 1h	10m 29s	$115K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.186%Rate

Funding earned: $35.7
Price spread: +0.186% → +0.054%: $13.21
Slippage, 4 orders: −$22.59
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $8.29
Costs to cover: 0.406%
Break-even: 5.4 days

Slippage from tradeXYZ: live order book, 7 min ago; Injective: live order book, 48 min ago.

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, 7 min ago	0.50 bp	10.0 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 48 min ago	10.08 bp	10.1 bp −$10	10.1 bp −$101	doesn't fit	doesn't fit

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	−0.0330%	4h	501.40	+0.113%	$102K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	500.97	+0.028%	$677K	$457K	10x	as long as short
BloFin MSFT-USDT	−0.0027%	8h	501.33	+0.100%	$189K	$204K	20x	as long as short
Nado MSFT-PERP	−0.0018%	1h	501.19	+0.072%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.18	+0.071%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.23	+0.080%	$337K	$890K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.40	+0.114%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.03	+0.040%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.43	+0.120%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.16	+0.066%	$3.1M	$1.7M	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	501.28	+0.090%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.23	+0.080%	$1.3M	$613K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.48	+0.130%	$19K	$302K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.11	+0.256%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.00	+0.034%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.18	+0.070%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.60	+0.154%	$2.2M	$770K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.14	+0.062%	$675K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	501.25	+0.084%	$1.2M	$5.1M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.08	+0.050%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.35	+0.104%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.13	+0.060%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFTlong	+0.0050%	1h	500.83	long leg	$22.0M	$8.7M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	500.98	+0.030%	$302K	$722K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.15	+0.064%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.84	+0.002%	$527K	$443K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	501.26	+0.085%	$221	—	5x	as long as short
Lighter MSFT	+0.0096%	1h	501.38	+0.110%	$1.1M	$499K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.99	+0.032%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.20	+0.074%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.22	+0.078%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.21	+0.076%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0168%	1h	500.86	+0.006%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERPshort	+0.0220%	1h	501.76	+0.186%	$115K	$45K	30x