Funding you earn now, next payment 03:00 UTC−0.0659%/8h= −72.1% APRpaid last 24h +0.010%
Price spread now: SoDEX against edgeX−0.013%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$20 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSFTUSDC | 501.11 | 0.0709 | pay 0.0354% / 4h | 1h 09m | $102K | $242K | 10x |
| Short | SoDEX MSFT-USD | 501.04 | 0.0050 | get 0.0006% / 1h | 9m 20s | $60K | $3K | 10x |
edgeX MSFTUSDC
SoDEX MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against edgeX. 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
- −$138.35
- Price spread: −0.013% → 0.000%
- −$1.31
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$156.66
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 53 min ago; SoDEX: 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 edgeX live order book, 53 min ago | 5.68 bp | 10.3 bp −$10 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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-INTX | −0.0064% | 1h | 500.97 | −0.027% | $678K | $458K | 10x | as long as short |
| Nado MSFT-PERP | −0.0032% | 1h | 500.93 | −0.035% | $414K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0002% | 8h | 501.22 | +0.023% | $189K | $204K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.25 | +0.028% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.03 | −0.015% | $337K | $892K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.16 | +0.011% | $15.7M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 500.87 | −0.047% | $7.2M | $2.1M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.33 | +0.045% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.03 | −0.015% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.21 | +0.021% | $4.5M | $2.5M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 501.10 | −0.002% | $1.3M | $647K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.24 | +0.026% | $18K | $299K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 501.98 | +0.174% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 500.93 | −0.035% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.01 | −0.019% | $58K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.53 | +0.085% | $2.2M | $773K | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0008% | 1h | 500.76 | −0.069% | $32K | $8K | 20x | as long as short |
| QFEX MSFT-USD | +0.0030% | 1h | 501.04 | −0.013% | $1.1M | $5.6M | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 500.90 | −0.041% | $682K | $2.0M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 500.99 | −0.023% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.00 | −0.021% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 500.72 | −0.077% | $22.1M | $8.8M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.76 | −0.069% | $301K | $648K | 10x | as long as short |
| SoDEX MSFT-USDshort | +0.0050% | 1h | 501.04 | −0.013% | $60K | $3K | 10x | |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.83 | −0.055% | $516K | $494K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 501.06 | −0.010% | $220 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 500.87 | −0.047% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.98 | −0.025% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.78 | −0.065% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.04 | −0.013% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.05 | −0.011% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0168% | 1h | 501.22 | +0.023% | $1.1M | $479K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.73 | +0.125% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDClong | +0.0709% | 4h | 501.11 | long leg | $102K | $242K | 10x |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Hotstuff MSFT-PERP
QFEX MSFT-USD
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP