Funding you earn now, next payment 10:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.051%
Price spread now: Ondo Perps against Injective−0.069%7-day average −0.055% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.327%−$33 on $10k
+Price spread, last 4 days (all we have)−0.143%−$14 · spread now −0.069%, 7d avg −0.055%
=Together, before fees−0.470%+ Points / potential airdropOndo Perps: Active · farm board−$47 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MSFT/USDC PERP | 504.24 | 0.0220 | pay 0.0028% / 1h | 20m 10s | $115K | $45K | 30x |
| Short | Ondo Perps MSFT-USD.P | 503.89 | 0.0050 | get 0.0006% / 1h | 20m 10s | $532K | $380K | 15x |
Injective MSFT/USDC PERP
Ondo Perps MSFT-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Injective. 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
- −$35.62
- Price spread: −0.069% → −0.055%
- −$1.47
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$42.11
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Injective: live order book, 31 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 Injective live order book, 31 min ago | 9.92 bp | 9.9 bp −$10 | 9.9 bp −$99 | 65094.6 bp −$6.51M | 365471.9 bp −$182.74M |
| 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 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0798% | 4h | 503.99 | −0.050% | $103K | $243K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 503.50 | −0.147% | $691K | $471K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.09 | −0.030% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.22 | −0.005% | $325K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.36 | +0.024% | $16.3M | $19.9M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.07 | −0.034% | $7.3M | $2.3M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.00 | −0.048% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.33 | +0.018% | $3.9M | $2.8M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 504.27 | +0.006% | $1.3M | $393K | — | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.11 | +0.173% | $6K | $3.5M | 20x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
SunX MSFT-USDTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MSFT-USDT | 0.0000% | 8h | 504.22 | −0.004% | $55K | $235K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.35 | +0.022% | $2.3M | $887K | 10x | as long as short |
| BloFin MSFT-USDT | 0.0000% | 8h | 504.37 | +0.026% | $202K | $208K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 504.11 | −0.026% | $1.2M | $481K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.10 | −0.028% | $692K | $1.8M | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0040% | 1h | 503.85 | −0.077% | $33K | $8K | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.10 | −0.028% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 503.59 | −0.129% | $11K | $5K | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.0048% | 8h | 504.33 | +0.018% | $3.2M | $2.7M | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 504.00 | −0.048% | $22.5M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 504.01 | −0.046% | $314K | $663K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.10 | −0.028% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Pshort | +0.0050% | 1h | 503.89 | −0.069% | $532K | $380K | 15x | |
| Arcus MSFT-USD | +0.0052% | 1h | 504.10 | −0.028% | $93K | $83K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 504.14 | −0.019% | $222 | — | 5x | as long as short |
| QFEX MSFT-USD | +0.0061% | 1h | 504.31 | +0.014% | $1.2M | $4.6M | 10x | as long as short |
| Nado MSFT-PERP | +0.0066% | 1h | 504.00 | −0.047% | $412K | $70K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0068% | 1h | 504.05 | −0.038% | $27K | $45K | 10x | as long as short |
| GRVT MSFT_USDT_Perp | +0.0087% | 8h | 504.30 | +0.012% | $19K | $315K | 10x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.69 | −0.109% | $1.6M | $185K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.39 | −0.169% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.23 | −0.002% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.22 | −0.005% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERPlong | +0.0220% | 1h | 504.24 | long leg | $115K | $45K | 30x |
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
Hotstuff MSFT-PERP
Vest MSFT-USD-PERP
Phoenix MSFT
OKX MSFT-USDT-SWAP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Arcus MSFT-USD
Paradex MSFT-USD-PERP
QFEX MSFT-USD
Nado MSFT-PERP
Deribit MSFT_USDC-PERPETUAL
GRVT MSFT_USDT_Perp
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP