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+0.0055%/8h= +6.0% APRnext payment +$0.55 per $10,000 · paid last 24h +0.028%
Price spread now: Paradex against Gate+0.053%7-day average · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.053% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate MSFT_USDT501.930get 0.0000% / 8h48m 19s$3.2M$1.6M100x
ShortParadex MSFT-USD-PERP502.200.0055get 0.0055% / 8h48m 19s$2215x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Gate. 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
$11.47
Price spread: +0.053% → 0.000%
$5.31
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$2.22
Costs to cover
0.190%
Break-even
8.4 days
Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago0.20 bp14.8 bp −$1538.9 bp −$389doesn'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
Nado MSFT-PERP−0.0022%1h501.91−0.004%$414K$64K20xas long as short
Coinbase International MSFT-PERP-INTX−0.0016%1h501.76−0.034%$687K$450K10xas long as short
Hotstuff MSFT-PERP−0.0008%1h501.92−0.002%$32K$8K20xas long as short
BloFin MSFT-USDT−0.0002%8h502.29+0.072%$188K$209K20xas long as short
Aster MSFTUSDT0.0000%8h502.15+0.043%$161K$116K20xas long as short
Extended MSFT_24_5-USD0.0000%1h502.11+0.036%$337K$392K17xas long as short
Binance MSFTUSDT0.0000%8h502.20+0.054%$15.7M$19.1M20xas long as short
OKX MSFT-USDT-SWAP0.0000%8h502.31+0.076%$3.0M$2.3M20xas long as short
Gate MSFT_USDTlong0.0000%8h501.93long leg$3.2M$1.6M100x
Bitget MSFTUSDT0.0000%8h502.25+0.064%$3.8M$2.3M100xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MSFT0.0000%8h502.26+0.065%$1.3M$702Kas long as short
GRVT MSFT_USDT_Perp0.0000%8h502.15+0.044%$18K$308K10xas long as short
SunX MSFT-USDT0.0000%8h502.96+0.205%$6K$4.3M20xas long as short
HTX MSFT-USDT0.0000%8h502.17+0.048%$59K$227K20xas long as short
Phemex MSFTUSDT0.0000%8h502.30+0.074%$2.2M$753K10xas long as short
Bybit MSFTUSDT+0.0026%8h502.39+0.092%$7.4M$1.7M100xas long as short
Lighter RH MSFT+0.0032%1h502.07+0.028%$641K$2.1M20xas long as short
Vest MSFT-USD-PERP+0.0046%1h502.02+0.018%$1K25xas long as short
QFEX MSFT-USD+0.0049%1h502.10+0.034%$1.1M$5.8M10xas long as short
tradeXYZ xyz:MSFT+0.0050%1h501.85−0.016%$22.3M$9.6M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h501.73−0.040%$303K$678K10xas long as short
SoDEX MSFT-USD+0.0050%1h502.17+0.048%$60K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h501.87−0.012%$529K$494K15xas long as short
Paradex MSFT-USD-PERPshort+0.0055%8h502.20+0.053%$2215x
Phoenix MSFT+0.0080%1h502.03+0.020%$11K$15K20xas long as short
Deribit MSFT_USDC-PERPETUAL+0.0089%1h502.08+0.030%$27K$101K10xas long as short
KuCoin MSFTUSDTM+0.0100%8h501.65−0.056%$1.5M$19K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h501.91−0.004%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h502.12+0.038%$8K10xas long as short
Aevo MSFT-PERP+0.0104%1h502.18+0.050%$5510xas long as short
Lighter MSFT+0.0168%1h502.30+0.074%$1.1M$585K20xas long as short
Injective MSFT/USDC PERP+0.0220%1h502.36+0.086%$115K$45K30xas long as short
Arcus MSFT-USD+0.0286%1h502.07+0.028%$97K$109K10xas long as short
edgeX MSFTUSDC+0.0952%4h502.25+0.064%$102K$243K10xas long as short