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

MSFT

RWAall MSFT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.028%
Price spread now: Paradex against Bitget−0.010%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
LongBitget MSFTUSDT501.700get 0.0000% / 8h2h 25m$3.8M$2.2M100x
ShortParadex MSFT-USD-PERP501.650.0050get 0.0050% / 8h2h 25m$2215x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Bitget. 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
$10.51
Price spread: −0.010% → 0.000%
−$1.01
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$6.49
Costs to cover
0.160%
Break-even
11.3 days
Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago2.09 bp8.8 bp −$911.9 bp −$11943.1 bp −$4,309doesn'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
Coinbase International MSFT-PERP-INTX−0.0040%1h501.53−0.034%$689K$433K10xas long as short
Hotstuff MSFT-PERP−0.0032%1h501.37−0.066%$32K$8K20xas long as short
Nado MSFT-PERP−0.0024%1h501.48−0.043%$414K$64K20xas long as short
Aster MSFTUSDT0.0000%8h501.85+0.029%$161K$116K20xas long as short
Extended MSFT_24_5-USD0.0000%1h501.61−0.018%$372K$369K17xas long as short
Binance MSFTUSDT0.0000%8h501.65−0.010%$15.7M$19.2M20xas long as short
Bybit MSFTUSDT0.0000%8h501.82+0.024%$7.4M$1.7M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h501.83+0.026%$3.0M$2.3M20xas long as short
Gate MSFT_USDT0.0000%8h501.51−0.038%$3.1M$1.5M100xas long as short
Bitget MSFTUSDTlong0.0000%8h501.70long leg$3.8M$2.2M100x
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MSFT0.0000%8h501.67−0.006%$1.3M$726Kas long as short
GRVT MSFT_USDT_Perp0.0000%8h501.75+0.010%$18K$330K10xas long as short
SunX MSFT-USDT0.0000%8h502.43+0.146%$6K$4.4M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h501.57−0.026%$27K$104K10xas long as short
HTX MSFT-USDT0.0000%8h501.48−0.044%$59K$230K20xas long as short
Phemex MSFTUSDT0.0000%8h501.82+0.024%$2.2M$762K10xas long as short
BloFin MSFT-USDT+0.0006%8h501.65−0.010%$189K$209K20xas long as short
Lighter MSFT+0.0032%1h501.66−0.008%$1.1M$653K20xas long as short
Lighter RH MSFT+0.0032%1h501.57−0.026%$652K$2.2M20xas long as short
Vest MSFT-USD-PERP+0.0046%1h501.700.000%25xas long as short
tradeXYZ xyz:MSFT+0.0050%1h501.40−0.060%$22.2M$10.0M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h501.30−0.080%$309K$683K10xas long as short
SoDEX MSFT-USD+0.0050%1h501.61−0.018%$60K$3K10xas long as short
Paradex MSFT-USD-PERPshort+0.0050%8h501.65−0.010%$2215x
Ondo Perps MSFT-USD.P+0.0050%1h501.25−0.090%$521K$485K15xas long as short
QFEX MSFT-USD+0.0050%1h501.69−0.002%$1.2M$5.7M10xas long as short
Phoenix MSFT+0.0096%1h501.57−0.026%$10K$15K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h501.25−0.090%$1.5M$19K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h501.53−0.034%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h501.57−0.026%$8K10xas long as short
Aevo MSFT-PERP+0.0104%1h501.65−0.009%$5510xas long as short
Injective MSFT/USDC PERP+0.0220%1h502.03+0.066%$115K$45K30xas long as short
Arcus MSFT-USD+0.0531%1h501.53−0.034%$109K$90K10xas long as short
edgeX MSFTUSDC+0.0989%4h501.68−0.003%$102K$242K10xas long as short