MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.027%

Price spread now: Orderly against Variational Omni+0.001%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: 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: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSFT	501.87	0	get 0.0000% / 8h	7h 28m	$1.3M	$690K	—
Short	Orderly PERP_MSFT_USDC_mythos	501.87	0.0100	get 0.0100% / 8h	7h 28m	$8K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Variational Omni. 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 Variational OmnibpFee OrderlybpOrdersPrice spread, now +0.001%Rate

Funding earned: $21
Price spread: +0.001% → 0.000%: $0.06
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $15.06
Costs to cover: 0.060%
Break-even: 2.0 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Orderly: 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 Variational Omni RFQ quote, 1 min ago	2.53 bp	doesn't fit	21.1 bp −$211	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0008%	1h	501.13	−0.147%	$679K	$456K	10x	as long as short
BloFin MSFT-USDT	−0.0003%	8h	502.14	+0.054%	$188K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.98	+0.023%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.00	+0.027%	$337K	$1.0M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.11	+0.049%	$15.7M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.98	+0.022%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.34	+0.094%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.76	−0.021%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.85	−0.003%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFTlong	0.0000%	8h	501.87	long leg	$1.3M	$690K	—

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.88	+0.003%	$19K	$292K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.95	+0.216%	$6K	$4.2M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.09	+0.044%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.30	+0.086%	$2.2M	$758K	10x	as long as short
Nado MSFT-PERP	0.0000%	1h	501.72	−0.030%	$414K	$64K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.85	−0.003%	$618K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	501.94	+0.015%	$1.1M	$5.9M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.94	+0.015%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.71	−0.031%	$22.3M	$9.1M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.74	−0.025%	$303K	$674K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.06	+0.038%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.52	−0.069%	$527K	$489K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.95	+0.016%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.48	−0.077%	$10K	$15K	20x	as long as short
Lighter MSFT	+0.0088%	1h	502.06	+0.038%	$1.1M	$486K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.88	+0.003%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.45	−0.083%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythosshort	+0.0100%	8h	501.87	+0.001%	$8K	—	10x
Aevo MSFT-PERP	+0.0104%	1h	501.88	+0.003%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0136%	1h	501.75	−0.023%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.77	−0.019%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.00	+0.026%	$115K	$45K	30x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0248%	1h	501.91	+0.009%	$27K	$41K	10x	as long as short
edgeX MSFTUSDC	+0.0679%	4h	501.85	−0.003%	$102K	$244K	10x	as long as short