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

MSFT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.31 per $10,000 · paid last 24h +0.003%
Price spread now: Paradex against BloFin−0.020%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: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MSFT-USDT501.920.0020pay 0.0020% / 8h7h 30m$188K$206K20x
ShortParadex MSFT-USD-PERP501.820.0051get 0.0051% / 8h7h 30m$2215x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. 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
$6.51
Price spread: −0.020% → 0.000%
−$1.97
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$11.45
Costs to cover
0.160%
Break-even
19.3 days
Slippage unknown: BloFin: live order book, 35 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 BloFin live order book, 35 min ago0.10 bp8.0 bp −$811.0 bp −$110doesn't fitdoesn'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−0.0008%1h501.13−0.157%$679K$456K10xas long as short
Nado MSFT-PERP−0.0002%1h501.70−0.045%$414K$64K20xas long as short
Aster MSFTUSDT0.0000%8h501.89−0.006%$161K$116K20xas long as short
Extended MSFT_24_5-USD0.0000%1h501.920.000%$337K$1.0M17xas long as short
Binance MSFTUSDT0.0000%8h502.01+0.018%$15.7M$18.7M20xas long as short
Bybit MSFTUSDT0.0000%8h501.83−0.018%$7.4M$1.6M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h501.97+0.010%$3.0M$2.3M20xas long as short
Gate MSFT_USDT0.0000%8h501.65−0.054%$3.1M$1.6M100xas long as short
Bitget MSFTUSDT0.0000%8h501.83−0.018%$3.8M$2.2M100xas long as short
Variational Omni MSFT0.0000%8h501.87−0.011%$1.3M$690Kas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT MSFT_USDT_Perp0.0000%8h501.60−0.064%$19K$294K10xas long as short
SunX MSFT-USDT0.0000%8h502.81+0.177%$6K$4.1M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h501.83−0.018%$27K$41K10xas long as short
HTX MSFT-USDT0.0000%8h501.79−0.026%$59K$227K20xas long as short
Phemex MSFTUSDT0.0000%8h502.31+0.078%$2.2M$758K10xas long as short
BloFin MSFT-USDTlong+0.0020%8h501.92long leg$188K$206K20x
Lighter RH MSFT+0.0032%1h501.79−0.026%$619K$2.0M20xas long as short
QFEX MSFT-USD+0.0044%1h501.81−0.022%$1.1M$5.9M10xas long as short
Vest MSFT-USD-PERP+0.0046%1h501.82−0.020%$1K25xas long as short
tradeXYZ xyz:MSFT+0.0050%1h501.58−0.068%$22.3M$9.1M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h501.57−0.070%$303K$674K10xas long as short
SoDEX MSFT-USD+0.0050%1h501.95+0.006%$60K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h501.37−0.110%$527K$488K15xas long as short
Paradex MSFT-USD-PERPshort+0.0051%8h501.82−0.020%$2215x
Phoenix MSFT+0.0080%1h501.48−0.088%$10K$15K20xas long as short
Lighter MSFT+0.0080%1h501.97+0.010%$1.1M$486K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h501.80−0.024%$1.5M$19K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h501.45−0.094%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h501.83−0.018%$8K10xas long as short
Hotstuff MSFT-PERP+0.0104%1h501.60−0.064%$32K$8K20xas long as short
Aevo MSFT-PERP+0.0104%1h501.85−0.014%$5510xas long as short
Arcus MSFT-USD+0.0212%1h501.61−0.062%$97K$109K10xas long as short
Injective MSFT/USDC PERP+0.0220%1h502.00+0.016%$115K$45K30xas long as short
edgeX MSFTUSDC+0.0365%4h501.58−0.068%$102K$243K10xas long as short