MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.07 per $10,000 · paid last 24h +0.020%

Price spread now: Ondo Perps against Coinbase International+0.018%7-day average +0.025% · you sell dearer than you buy

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

Long on Coinbase International Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$15 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.018%, 7d avg +0.025%

Together, before fees+0.087%+ Points / potential airdropOndo Perps: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, 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	Coinbase International MSFT-PERP-INTX	501.57	−0.0008	get 0.0001% / 1h	56m 09s	$680K	$460K	10x
Short	Ondo Perps MSFT-USD.P	501.66	0.0050	get 0.0006% / 1h	56m 09s	$529K	$492K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Coinbase International. 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 Coinbase InternationalbpFee Ondo PerpsbpOrdersPrice spread, now +0.018%Rate

Funding earned: $12.26
Price spread: +0.018% → +0.025%: −$0.75
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$3.48
Costs to cover: 0.150%
Break-even: 9.0 days

Slippage unknown: Coinbase International: live order book, 17 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 Coinbase International live order book, 17 min ago	1.99 bp	7.8 bp −$8	10.4 bp −$104	doesn't fit	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
Coinbase International MSFT-PERP-INTXlong	−0.0008%	1h	501.57	long leg	$680K	$460K	10x
BloFin MSFT-USDT	−0.0002%	8h	501.85	+0.056%	$188K	$207K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.03	+0.091%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.93	+0.073%	$337K	$378K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.96	+0.078%	$15.7M	$18.8M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.93	+0.072%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.82	+0.050%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.05	+0.096%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.97	+0.079%	$1.3M	$690K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.74	+0.034%	$18K	$294K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	502.62	+0.209%	$6K	$4.2M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.93	+0.072%	$27K	$59K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.91	+0.068%	$58K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.12	+0.110%	$2.2M	$751K	10x	as long as short
Nado MSFT-PERP	+0.0025%	1h	501.97	+0.079%	$414K	$64K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.87	+0.060%	$618K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	502.03	+0.092%	$1.2M	$5.9M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.90	+0.066%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.60	+0.006%	$22.3M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.58	+0.002%	$303K	$673K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.93	+0.072%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.Pshort	+0.0050%	1h	501.66	+0.018%	$529K	$492K	15x
Paradex MSFT-USD-PERP	+0.0052%	8h	502.06	+0.098%	$221	—	5x	as long as short
Lighter MSFT	+0.0056%	1h	502.17	+0.120%	$1.1M	$486K	20x	as long as short
Phoenix MSFT	+0.0080%	1h	501.72	+0.030%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.57	0.000%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.37	−0.040%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.92	+0.070%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.76	+0.038%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0128%	1h	501.56	−0.002%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.77	+0.040%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.20	+0.126%	$115K	$45K	30x	as long as short
Bybit MSFTUSDT	+0.0272%	8h	502.11	+0.108%	$7.4M	$1.7M	100x	as long as short
edgeX MSFTUSDC	+0.0374%	4h	501.86	+0.058%	$102K	$242K	10x	as long as short