Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.015%
Price spread now: KuCoin against Ondo Perps−0.048%7-day average +0.016% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.048%, 7d avg +0.016%
=Together, before fees+0.134%+ Points / potential airdropOndo Perps: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.063% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.016%). If the spread goes back, that is −$6 on $10k: about 4.3 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSFT-USD.P | 503.20 | 0.0050 | pay 0.0006% / 1h | 13m 26s | $513K | $429K | 15x |
| Short | KuCoin MSFTUSDTM | 502.96 | 0.0100 | get 0.0100% / 8h | 13m 26s | $1.6M | $69K | 20x |
Ondo Perps MSFT-USD.P
KuCoin MSFTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $10.42
- Price spread: −0.048% → +0.016%
- −$6.33
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$12.91
- Costs to cover
- 0.170%
- Break-even
- 15.7 days
Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago | 4.57 bp | 112.9 bp −$113 | doesn't fit | 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 | −0.0051% | 1h | 503.41 | +0.042% | $414K | $67K | 20x | as long as short |
| tradeXYZ xyz:MSFT | 0.0000% | 1h | 503.18 | −0.004% | $22.4M | $8.9M | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.66 | +0.091% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.50 | +0.059% | $339K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.64 | +0.087% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.33 | +0.026% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.63 | +0.085% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.40 | +0.040% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.62 | +0.083% | $3.8M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.60 | +0.079% | $1.3M | $403K | — | as long as short |
Nado MSFT-PERP
tradeXYZ xyz:MSFT
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 | 503.59 | +0.078% | $19K | $320K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.42 | +0.242% | $6K | $3.8M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.35 | +0.030% | $27K | $44K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 503.16 | −0.008% | $681K | $447K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.46 | +0.052% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.69 | +0.097% | $2.2M | $817K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0019% | 8h | 503.62 | +0.083% | $191K | $206K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.52 | +0.064% | $1.2M | $532K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.41 | +0.042% | $708K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0037% | 1h | 503.48 | +0.056% | $1.1M | $4.6M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.36 | +0.032% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.73 | +0.105% | — | $1K | 25x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.27 | +0.014% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.46 | +0.052% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Plong | +0.0050% | 1h | 503.20 | long leg | $513K | $429K | 15x | |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 503.45 | +0.050% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.35 | +0.030% | $11K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0072% | 1h | 503.18 | −0.004% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTMshort | +0.0100% | 8h | 502.96 | −0.048% | $1.6M | $69K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.42 | +0.044% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.50 | +0.060% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.50 | +0.060% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.86 | +0.330% | $116K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0506% | 4h | 503.57 | +0.073% | $102K | $244K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Phoenix MSFT
Hotstuff MSFT-PERP
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC