Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Ondo Perps against Bitget−0.088%7-day average −0.098% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)−0.055%−$6 · spread now −0.088%, 7d avg −0.098%
=Together, before fees+0.045%+ Points / potential airdropOndo Perps: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.098%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MSFTUSDT | 501.29 | 0 | get 0.0000% / 8h | 3h 58m | $4.5M | $2.5M | 100x |
| Short | Ondo Perps MSFT-USD.P | 500.85 | 0.0050 | get 0.0006% / 1h | 58m 38s | $527K | $443K | 15x |
Bitget MSFTUSDT
Ondo Perps MSFT-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.58
- Price spread: −0.088% → −0.098%
- $1.02
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$5.4
- Costs to cover
- 0.170%
- Break-even
- 10.6 days
Slippage unknown: Bitget: live order book, 4 min ago; Ondo Perps: 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 Bitget live order book, 4 min ago | 1.60 bp | 9.2 bp −$9 | 14.2 bp −$142 | 53.1 bp −$5,305 | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0907% | 4h | 501.26 | −0.005% | $102K | $244K | 10x | as long as short |
| Nado MSFT-PERP | −0.0125% | 1h | 501.21 | −0.016% | $414K | $64K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.0050% | 1h | 500.89 | −0.080% | $22.0M | $8.7M | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 500.97 | −0.064% | $677K | $450K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.21 | −0.016% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.22 | −0.014% | $337K | $890K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.36 | +0.014% | $15.8M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.04 | −0.050% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.52 | +0.046% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.18 | −0.022% | $3.1M | $1.7M | 100x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
tradeXYZ xyz:MSFT
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDTlong | 0.0000% | 8h | 501.29 | long leg | $4.5M | $2.5M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 501.27 | −0.005% | $1.3M | $609K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.29 | +0.001% | $19K | $301K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.12 | +0.166% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 500.99 | −0.060% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.17 | −0.024% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.46 | +0.034% | $2.2M | $769K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0010% | 8h | 501.36 | +0.014% | $189K | $204K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0024% | 1h | 500.90 | −0.078% | $32K | $8K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.08 | −0.042% | $677K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 501.24 | −0.010% | $1.1M | $4.9M | 10x | as long as short |
| Lighter MSFT | +0.0040% | 1h | 501.37 | +0.016% | $1.1M | $498K | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.04 | −0.050% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.36 | +0.014% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.08 | −0.042% | $10K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.97 | −0.064% | $302K | $697K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.15 | −0.028% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Pshort | +0.0050% | 1h | 500.85 | −0.088% | $527K | $443K | 15x | |
| Paradex MSFT-USD-PERP | +0.0055% | 8h | 501.26 | −0.007% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.97 | −0.064% | $1.5M | $20K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.08 | −0.042% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.21 | −0.016% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.22 | −0.015% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.70 | +0.281% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Hotstuff MSFT-PERP
Lighter RH MSFT
QFEX MSFT-USD
Lighter MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP