MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.009%

Price spread now: Deribit against Ondo Perps+0.044%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.044% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MSFT-USD.P	503.54	0.0050	pay 0.0006% / 1h	31m 58s	$522K	$476K	15x
Short	Deribit MSFT_USDC-PERPETUAL	503.76	0	get 0.0000% / 1h	31m 58s	$27K	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Ondo Perps. 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

Position, each leg$Hold fordaysFee Ondo PerpsbpFee DeribitbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$10.58
Price spread: +0.044% → 0.000%: $4.37
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$18.21
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Deribit: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Ondo Perps and Deribit: 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
edgeX MSFTUSDC	−0.0088%	4h	503.94	+0.080%	$103K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	+0.024%	$682K	$500K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.80	+0.051%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.92	+0.075%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.04	+0.099%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.75	+0.042%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.96	+0.083%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.83	+0.058%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.97	+0.085%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.01	+0.093%	$1.3M	$499K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	504.01	+0.093%	$19K	$328K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.78	+0.246%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUALshort	0.0000%	1h	503.76	+0.044%	$27K	$43K	10x
HTX MSFT-USDT	0.0000%	8h	503.83	+0.058%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.90	+0.071%	$2.2M	$821K	10x	as long as short
Nado MSFT-PERP	+0.0012%	1h	503.72	+0.036%	$415K	$67K	20x	as long as short
BloFin MSFT-USDT	+0.0023%	8h	504.00	+0.091%	$191K	$206K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.81	+0.054%	$701K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.92	+0.075%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.71	+0.034%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.88	+0.068%	—	$1K	25x	as long as short
Hotstuff MSFT-PERP	+0.0048%	1h	503.54	0.000%	$32K	$8K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.53	−0.002%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.68	+0.028%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.83	+0.058%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.Plong	+0.0050%	1h	503.54	long leg	$522K	$476K	15x
Paradex MSFT-USD-PERP	+0.0057%	8h	503.85	+0.062%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.69	+0.030%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.44	−0.020%	$1.6M	$60K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.64	+0.020%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.88	+0.068%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.92	+0.076%	$55	—	10x	as long as short
Lighter MSFT	+0.0128%	1h	504.08	+0.107%	$1.2M	$514K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.21	+0.133%	$115K	$45K	30x	as long as short