Funding you earn now, next payment 09:00 UTC−0.0046%/8h= −5.1% APRpaid last 24h −0.081%
Price spread now: edgeX against Ondo Perps+0.008%7-day average +0.086% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.008%, 7d avg +0.086%
=Together, before fees−0.061%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.079% cheaper against Ondo Perps than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.086%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSFT-USD.P | 504.02 | 0.0050 | pay 0.0006% / 1h | 38m 43s | $514K | $411K | 15x |
| Short | edgeX MSFTUSDC | 504.06 | 0.0004 | get 0.0002% / 4h | 3h 38m | $103K | $242K | 10x |
Ondo Perps MSFT-USD.P
edgeX MSFTUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.76
- Price spread: +0.008% → +0.086%
- −$7.85
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$31.61
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 58 min ago. 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 edgeX live order book, 58 min ago | 5.26 bp | 9.9 bp −$10 | 12.2 bp −$122 | doesn't fit | doesn't fit |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSFT-PERP | −0.0066% | 1h | 503.90 | −0.025% | $415K | $67K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0056% | 1h | 503.83 | −0.038% | $682K | $494K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.39 | +0.074% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.38 | +0.072% | $339K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.50 | +0.095% | $15.9M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.07 | +0.010% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.51 | +0.097% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.19 | +0.034% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.46 | +0.087% | $3.9M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 504.05 | +0.006% | $1.3M | $387K | — | as long as short |
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.03 | +0.003% | $19K | $316K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.32 | +0.258% | $6K | $3.6M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.46 | +0.087% | $59K | $224K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.76 | +0.147% | $2.2M | $829K | 10x | as long as short |
| edgeX MSFTUSDCshort | +0.0004% | 4h | 504.06 | +0.008% | $103K | $242K | 10x | |
| Phoenix MSFT | +0.0016% | 1h | 503.75 | −0.054% | $11K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0016% | 1h | 503.66 | −0.071% | $32K | $8K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0022% | 8h | 504.56 | +0.107% | $191K | $205K | 20x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 504.40 | +0.075% | $1.2M | $4.7M | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 504.24 | +0.044% | $1.2M | $511K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.19 | +0.034% | $696K | $1.9M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 504.17 | +0.030% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.32 | +0.060% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 504.00 | −0.004% | $22.4M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 504.02 | 0.000% | $304K | $654K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.22 | +0.040% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Plong | +0.0050% | 1h | 504.02 | long leg | $514K | $411K | 15x | |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 504.24 | +0.044% | $222 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.92 | −0.020% | $1.6M | $104K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.61 | −0.081% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.25 | +0.046% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.13 | +0.021% | $55 | — | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0107% | 1h | 504.26 | +0.048% | $27K | $44K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 505.94 | +0.381% | $116K | $45K | 30x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
Hotstuff MSFT-PERP
BloFin MSFT-USDT
QFEX MSFT-USD
Lighter MSFT
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Deribit MSFT_USDC-PERPETUAL
Injective MSFT/USDC PERP