Funding you earn now, next payment 16:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.53 per $10,000 · paid last 24h +0.015%
Price spread now: Paradex against GRVT+0.004%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropGRVT: Active · Paradex: 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. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MSFT_USDT_Perp | 506.22 | 0 | get 0.0000% / 8h | 4h 08m | $18K | $331K | 10x |
| Short | Paradex MSFT-USD-PERP | 506.24 | 0.0053 | get 0.0053% / 8h | 4h 08m | $223 | — | 5x |
GRVT MSFT_USDT_Perp
Paradex MSFT-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against GRVT. 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
- $11.17
- Price spread: +0.004% → 0.000%
- $0.44
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$1.39
- Costs to cover
- 0.130%
- Break-even
- 7.9 days
Slippage unknown: GRVT: live order book, 32 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy GRVT live order book, 32 min ago | 1.19 bp | 7.6 bp −$8 | 15.8 bp −$158 | doesn't fit | doesn'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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.1600% | 1h | 505.88 | −0.067% | $33K | $8K | 20x | as long as short |
| edgeX MSFTUSDC | −0.0564% | 4h | 506.05 | −0.033% | $103K | $242K | 10x | as long as short |
| Nado MSFT-PERP | −0.0021% | 1h | 506.08 | −0.029% | $413K | $72K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 506.00 | −0.043% | $703K | $740K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 506.13 | −0.018% | $166K | $117K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 506.25 | +0.005% | $326K | $2.3M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 506.43 | +0.041% | $16.3M | $22.3M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 506.23 | +0.002% | $7.4M | $2.6M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 506.13 | −0.018% | $3.2M | $2.0M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 506.32 | +0.020% | $4.0M | $3.2M | 100x | as long as short |
Hotstuff MSFT-PERP
edgeX MSFTUSDC
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 506.18 | −0.009% | $1.3M | $438K | — | as long as short |
| GRVT MSFT_USDT_Perplong | 0.0000% | 8h | 506.22 | long leg | $18K | $331K | 10x | |
| SunX MSFT-USDT | 0.0000% | 8h | 507.17 | +0.188% | $6K | $3.3M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 506.24 | +0.004% | $49K | $248K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 506.45 | +0.045% | $2.3M | $974K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0026% | 8h | 506.45 | +0.045% | $203K | $227K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 506.24 | +0.004% | $1.2M | $519K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 506.21 | −0.002% | $723K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0038% | 1h | 506.23 | +0.002% | $1.2M | $4.6M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 506.18 | −0.008% | $94K | $83K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0042% | 1h | 505.97 | −0.049% | $21.7M | $10.1M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 506.42 | +0.040% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 505.87 | −0.069% | $11K | $16K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 506.02 | −0.040% | $320K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 506.25 | +0.006% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 505.85 | −0.073% | $516K | $431K | 15x | as long as short |
| Paradex MSFT-USD-PERPshort | +0.0053% | 8h | 506.24 | +0.004% | $223 | — | 5x | |
| OKX MSFT-USDT-SWAP | +0.0054% | 8h | 506.52 | +0.059% | $3.2M | $2.9M | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0055% | 8h | 505.79 | −0.085% | $1.6M | $334K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0066% | 1h | 506.18 | −0.008% | $30K | $45K | 10x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 505.73 | −0.097% | $161K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 506.25 | +0.006% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 505.29 | −0.183% | $56 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 506.07 | −0.030% | $116K | $45K | 30x | as long as short |
Variational Omni MSFT
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
tradeXYZ xyz:MSFT
Vest MSFT-USD-PERP
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
OKX MSFT-USDT-SWAP
KuCoin MSFTUSDTM
Deribit MSFT_USDC-PERPETUAL
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP