Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: GRVT against Ondo Perps+0.114%53s7-day average +0.093% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.114%, 7d avg +0.093%
=Together, before fees−0.191%+ Points / potential airdropOndo Perps: Active · GRVT: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.020% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of +0.093%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours. The two prices were read 53 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 | Ondo Perps MSFT-USD.P | 501.26 | 0.0050 | pay 0.0006% / 1h | 32m 23s | $525K | $486K | 15x |
| Short | GRVT MSFT_USDT_Perp | 501.83 | 0 | get 0.0000% / 8h | 5h 32m | $18K | $297K | 10x |
Ondo Perps MSFT-USD.P
GRVT MSFT_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$10.58
- Price spread: +0.114% → +0.093%
- $2.04
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$22.55
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; GRVT: live order book, 30 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 GRVT live order book, 30 min ago | 1.20 bp | 8.8 bp −$9 | 16.7 bp −$167 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 501.24 | −0.004% | $679K | $456K | 10x | as long as short |
| Nado MSFT-PERP | −0.0035% | 1h | 501.50 | +0.048% | $414K | $64K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.0024% | 1h | 501.42 | +0.032% | $32K | $8K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.77 | +0.102% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.73 | +0.094% | $338K | $891K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.87 | +0.122% | $15.7M | $18.9M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.77 | +0.102% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.96 | +0.140% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.69 | +0.086% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.79 | +0.106% | $4.5M | $2.5M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Hotstuff MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 501.82 | +0.111% | $1.3M | $650K | — | as long as short |
| GRVT MSFT_USDT_Perpshort | 0.0000% | 8h | 501.83 | +0.114% | $18K | $297K | 10x | |
| SunX MSFT-USDT | 0.0000% | 8h | 502.64 | +0.275% | $6K | $4.1M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.79 | +0.106% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.91 | +0.130% | $2.2M | $768K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0024% | 8h | 501.97 | +0.142% | $189K | $204K | 20x | as long as short |
| QFEX MSFT-USD | +0.0030% | 1h | 501.76 | +0.100% | $1.1M | $5.6M | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.64 | +0.076% | $685K | $2.0M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.63 | +0.074% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.68 | +0.084% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.39 | +0.026% | $22.1M | $9.1M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.48 | +0.044% | $302K | $648K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.77 | +0.102% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Plong | +0.0050% | 1h | 501.26 | long leg | $525K | $486K | 15x | |
| Paradex MSFT-USD-PERP | +0.0062% | 8h | 501.71 | +0.089% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 501.58 | +0.064% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.61 | +0.070% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.19 | −0.014% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.73 | +0.094% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.72 | +0.092% | $55 | — | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0109% | 1h | 501.59 | +0.066% | $27K | $41K | 10x | as long as short |
| Lighter MSFT | +0.0176% | 1h | 501.96 | +0.140% | $1.1M | $459K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.24 | +0.395% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0610% | 4h | 501.74 | +0.095% | $102K | $243K | 10x | as long as short |
Variational Omni MSFT
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
QFEX MSFT-USD
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Deribit MSFT_USDC-PERPETUAL
Lighter MSFT
Injective MSFT/USDC PERP
edgeX MSFTUSDC