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

MSFT

RWAall MSFT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0057%/8h= +6.2% APRnext payment +$0.57 per $10,000 · paid last 24h +0.016%
Price spread now: Paradex against HTX+0.004%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
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX MSFT-USDT503.830get 0.0000% / 8h1h 31m$59K$226K20x
ShortParadex MSFT-USD-PERP503.850.0057get 0.0057% / 8h1h 31m$2225x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against HTX. 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
$11.89
Price spread: +0.004% → 0.000%
$0.41
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$3.7
Costs to cover
0.160%
Break-even
9.2 days
Slippage unknown: HTX: live order book, 10 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 HTX live order book, 10 min ago2.68 bp11.3 bp −$1123.0 bp −$230doesn'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
edgeX MSFTUSDC−0.0088%4h503.94+0.022%$103K$243K10xas long as short
Coinbase International MSFT-PERP-INTX−0.0048%1h503.66−0.034%$682K$500K10xas long as short
Aster MSFTUSDT0.0000%8h503.78−0.009%$162K$114K20xas long as short
Extended MSFT_24_5-USD0.0000%1h503.92+0.018%$338K$1.2M17xas long as short
Binance MSFTUSDT0.0000%8h504.04+0.042%$15.8M$19.6M20xas long as short
Bybit MSFTUSDT0.0000%8h503.75−0.016%$7.3M$2.3M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h503.96+0.026%$3.0M$2.4M20xas long as short
Gate MSFT_USDT0.0000%8h503.84+0.002%$3.1M$1.8M100xas long as short
Bitget MSFTUSDT0.0000%8h503.97+0.028%$3.8M$3.0M100xas long as short
Variational Omni MSFT0.0000%8h504.01+0.035%$1.3M$499Kas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT MSFT_USDT_Perp0.0000%8h504.01+0.035%$19K$328K10xas long as short
SunX MSFT-USDT0.0000%8h504.78+0.189%$6K$3.9M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h503.76−0.014%$27K$43K10xas long as short
HTX MSFT-USDTlong0.0000%8h503.83long leg$59K$226K20x
Phemex MSFTUSDT0.0000%8h503.90+0.014%$2.2M$821K10xas long as short
Nado MSFT-PERP+0.0012%1h503.72−0.022%$415K$67K20xas long as short
BloFin MSFT-USDT+0.0023%8h504.00+0.034%$191K$206K20xas long as short
Lighter RH MSFT+0.0032%1h503.81−0.004%$701K$2.0M20xas long as short
QFEX MSFT-USD+0.0039%1h503.92+0.018%$1.1M$4.8M10xas long as short
Arcus MSFT-USD+0.0040%1h503.71−0.024%$97K$110K10xas long as short
Vest MSFT-USD-PERP+0.0046%1h503.88+0.010%$1K25xas long as short
Hotstuff MSFT-PERP+0.0048%1h503.54−0.058%$32K$8K20xas long as short
tradeXYZ xyz:MSFT+0.0050%1h503.52−0.062%$22.4M$9.0M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h503.68−0.030%$303K$718K10xas long as short
SoDEX MSFT-USD+0.0050%1h503.830.000%$60K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h503.54−0.058%$522K$476K15xas long as short
Paradex MSFT-USD-PERPshort+0.0057%8h503.85+0.004%$2225x
Phoenix MSFT+0.0064%1h503.69−0.028%$11K$15K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h503.50−0.065%$1.6M$60K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h503.64−0.038%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h503.88+0.010%$8K10xas long as short
Aevo MSFT-PERP+0.0104%1h503.92+0.018%$5510xas long as short
Lighter MSFT+0.0128%1h504.08+0.050%$1.2M$514K20xas long as short
Injective MSFT/USDC PERP+0.0220%1h504.21+0.075%$115K$45K30xas long as short