Settings8H · net · $10k
Funding arb · Price arb /

MSFT

RWAall MSFT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.52 per $10,000 · paid last 24h +0.005%
Price spread now: Paradex against Binance−0.018%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: 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: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MSFTUSDT503.060get 0.0000% / 8h2h 52m$15.8M$19.3M20x
ShortParadex MSFT-USD-PERP502.970.0052get 0.0052% / 8h2h 52m$2215x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Binance. 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

Funding earned
$10.91
Price spread: −0.018% → 0.000%
−$1.78
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$4.87
Costs to cover
0.140%
Break-even
10.1 days
Slippage unknown: Binance: live order book, 4 min ago; Paradex: 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 4 min ago0.50 bp7.3 bp −$713.2 bp −$13248.3 bp −$4,828doesn't fit
Sell Paradex no order-book sample
Paradex: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff MSFT-PERP−0.0064%1h502.64−0.083%$32K$8K20xas long as short
Coinbase International MSFT-PERP-INTX−0.0064%1h503.29+0.046%$685K$461K10xas long as short
Nado MSFT-PERP−0.0022%1h502.77−0.058%$412K$66K20xas long as short
Aster MSFTUSDT0.0000%8h502.81−0.049%$161K$116K20xas long as short
Extended MSFT_24_5-USD0.0000%1h502.94−0.023%$341K$1.2M17xas long as short
Binance MSFTUSDTlong0.0000%8h503.06long leg$15.8M$19.3M20x
Bybit MSFTUSDT0.0000%8h502.81−0.050%$7.2M$2.2M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h503.34+0.056%$3.0M$2.3M20xas long as short
Gate MSFT_USDT0.0000%8h502.80−0.052%$3.1M$1.7M100xas long as short
Bitget MSFTUSDT0.0000%8h503.04−0.004%$4.4M$2.6M100xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MSFT0.0000%8h503.19+0.025%$1.3M$493Kas long as short
GRVT MSFT_USDT_Perp0.0000%8h503.45+0.079%$19K$307K10xas long as short
SunX MSFT-USDT0.0000%8h503.81+0.149%$6K$4.0M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h502.83−0.046%$27K$42K10xas long as short
HTX MSFT-USDT0.0000%8h502.87−0.038%$59K$225K20xas long as short
Phemex MSFTUSDT0.0000%8h503.40+0.068%$2.2M$791K10xas long as short
BloFin MSFT-USDT+0.0008%8h503.16+0.020%$190K$205K20xas long as short
Phoenix MSFT+0.0016%1h503.13+0.014%$11K$15K20xas long as short
Lighter RH MSFT+0.0032%1h502.84−0.044%$679K$2.0M20xas long as short
QFEX MSFT-USD+0.0036%1h503.02−0.008%$1.2M$4.8M10xas long as short
Arcus MSFT-USD+0.0040%1h502.97−0.018%$96K$111K10xas long as short
Vest MSFT-USD-PERP+0.0046%1h503.12+0.012%$1K25xas long as short
tradeXYZ xyz:MSFT+0.0050%1h502.80−0.052%$22.2M$8.9M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h502.75−0.062%$303K$713K10xas long as short
SoDEX MSFT-USD+0.0050%1h502.82−0.048%$60K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h502.57−0.097%$513K$464K15xas long as short
Paradex MSFT-USD-PERPshort+0.0052%8h502.97−0.018%$2215x
KuCoin MSFTUSDTM+0.0100%8h502.89−0.034%$1.6M$57K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h503.22+0.032%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h502.92−0.028%$8K10xas long as short
Lighter MSFT+0.0104%1h503.11+0.010%$1.2M$495K20xas long as short
Aevo MSFT-PERP+0.0104%1h502.96−0.019%$5510xas long as short
Injective MSFT/USDC PERP+0.0220%1h503.24+0.036%$115K$45K30xas long as short
edgeX MSFTUSDC+0.0882%4h503.11+0.010%$102K$243K10xas long as short