MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Phoenix against tradeXYZ+0.054%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.054% dearer against tradeXYZ than usual: you sell high and buy low, +$5 on $10k if it 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	500.86	0.0050	pay 0.0006% / 1h	9m 33s	$22.0M	$8.7M	20x
Short	Phoenix MSFT	501.13	0.0048	get 0.0006% / 1h	9m 33s	$10K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$0.44
Price spread: +0.054% → 0.000%: $5.39
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$20.05
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 8 min ago; Phoenix: 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	0.50 bp	10.0 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	500.97	+0.022%	$677K	$457K	10x	as long as short
BloFin MSFT-USDT	−0.0027%	8h	501.33	+0.094%	$189K	$204K	20x	as long as short
Nado MSFT-PERP	−0.0019%	1h	501.19	+0.066%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.21	+0.070%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.28	+0.084%	$337K	$890K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.41	+0.110%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.06	+0.040%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.43	+0.114%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.20	+0.068%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.29	+0.086%	$4.5M	$2.5M	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	501.23	+0.074%	$1.3M	$613K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.34	+0.096%	$19K	$301K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.16	+0.260%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	500.99	+0.026%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.28	+0.084%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.62	+0.152%	$2.2M	$770K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.14	+0.056%	$676K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	501.25	+0.078%	$1.2M	$5.1M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.09	+0.046%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.36	+0.100%	—	$1K	25x	as long as short
Phoenix MSFTshort	+0.0048%	1h	501.13	+0.054%	$10K	$15K	20x
tradeXYZ xyz:MSFTlong	+0.0050%	1h	500.86	long leg	$22.0M	$8.7M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	500.98	+0.024%	$302K	$722K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.15	+0.058%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.84	−0.004%	$527K	$443K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	501.28	+0.083%	$221	—	5x	as long as short
Lighter MSFT	+0.0096%	1h	501.37	+0.102%	$1.1M	$499K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.04	+0.036%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.89	+0.006%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.22	+0.072%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.23	+0.074%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0160%	1h	500.86	0.000%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.76	+0.180%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0590%	4h	501.25	+0.077%	$102K	$242K	10x	as long as short