MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.010%

Price spread now: Coinbase International against Variational Omni−0.136%7-day average −0.108% · you buy dearer than you sell

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

Long on Variational Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.136%, 7d avg −0.108%

Together, before fees+0.123%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.028% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.108%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSFT	503.95	0	get 0.0000% / 8h	2h 29m	$1.3M	$477K	—
Short	Coinbase International MSFT-PERP-INTX	503.26	−0.0064	pay 0.0008% / 1h	29m 01s	$682K	$465K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee Coinbase InternationalbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$13.44
Price spread: −0.136% → −0.108%: −$2.79
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$26.23
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; Coinbase International: live order book, 19 min ago. 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 Variational Omni RFQ quote, just now	2.74 bp	doesn't fit	22.5 bp −$225	doesn't fit	doesn't fit
Sell Coinbase International live order book, 19 min ago	2.89 bp	8.2 bp −$8	10.5 bp −$105	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	−0.0759%	4h	503.75	−0.039%	$102K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTXshort	−0.0064%	1h	503.26	−0.136%	$682K	$465K	10x
Nado MSFT-PERP	−0.0020%	1h	503.84	−0.022%	$413K	$67K	20x	as long as short
BloFin MSFT-USDT	−0.0007%	8h	503.77	−0.035%	$189K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.61	−0.066%	$162K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.64	−0.060%	$341K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.78	−0.033%	$15.8M	$19.3M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.51	−0.087%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.77	−0.035%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.55	−0.079%	$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	503.79	−0.031%	$3.8M	$2.9M	100x	as long as short
Variational Omni MSFTlong	0.0000%	8h	503.95	long leg	$1.3M	$477K	—
GRVT MSFT_USDT_Perp	0.0000%	8h	503.94	−0.001%	$19K	$317K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.87	+0.183%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.63	−0.063%	$27K	$43K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.98	+0.007%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.14	+0.038%	$2.2M	$796K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	503.58	−0.073%	$11K	$15K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.60	−0.069%	$689K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	503.96	+0.003%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.63	−0.063%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.04	+0.018%	—	$1K	25x	as long as short
Hotstuff MSFT-PERP	+0.0048%	1h	503.62	−0.065%	$32K	$8K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.35	−0.118%	$22.3M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.65	−0.059%	$303K	$720K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.66	−0.057%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.47	−0.095%	$517K	$471K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	503.90	−0.009%	$222	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.05	−0.178%	$1.6M	$57K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.54	−0.081%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.69	−0.051%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.77	−0.036%	$55	—	10x	as long as short
Lighter MSFT	+0.0112%	1h	503.94	−0.001%	$1.2M	$506K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.04	+0.018%	$115K	$45K	30x	as long as short