Funding you earn now, next payment 05:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h +0.065%
Price spread now: Arcus against Paradex−0.046%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Arcus is 0.046% cheaper against Paradex than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSFT-USD-PERP | 501.27 | 0.0054 | pay 0.0054% / 8h | 3h 50m | $221 | — | 5x |
| Short | Arcus MSFT-USD | 501.04 | 0.0040 | get 0.0005% / 1h | 50m 46s | $96K | $111K | 10x |
Paradex MSFT-USD-PERP
Arcus MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Paradex. 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
- −$2.85
- Price spread: −0.046% → 0.000%
- −$4.56
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$15.91
- Costs to cover
- 0.085%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Arcus: 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 2 min ago | 4.09 bp | 10.9 bp −$11 | 12.5 bp −$125 | doesn't fit | doesn't fit |
Paradex: 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 | −0.0122% | 1h | 501.21 | −0.012% | $414K | $64K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.0035% | 1h | 500.91 | −0.072% | $22.1M | $8.7M | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 500.97 | −0.060% | $677K | $450K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.20 | −0.013% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.22 | −0.009% | $337K | $883K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.35 | +0.016% | $15.8M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.15 | −0.024% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.54 | +0.054% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.22 | −0.010% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.25 | −0.004% | $4.5M | $2.5M | 100x | as long as short |
Nado MSFT-PERP
tradeXYZ xyz:MSFT
Coinbase International MSFT-PERP-INTX
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 | 501.27 | 0.000% | $1.3M | $607K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.28 | +0.003% | $19K | $300K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.11 | +0.168% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.09 | −0.036% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.21 | −0.012% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.40 | +0.026% | $2.2M | $770K | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0008% | 1h | 500.91 | −0.072% | $32K | $8K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0018% | 8h | 501.32 | +0.010% | $189K | $204K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 501.36 | +0.018% | $1.1M | $498K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.10 | −0.034% | $676K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 501.24 | −0.006% | $1.1M | $4.9M | 10x | as long as short |
| Arcus MSFT-USDshort | +0.0040% | 1h | 501.04 | −0.046% | $96K | $111K | 10x | |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.35 | +0.016% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.06 | −0.042% | $10K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.00 | −0.054% | $302K | $697K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.20 | −0.014% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.89 | −0.076% | $518K | $452K | 15x | as long as short |
| Paradex MSFT-USD-PERPlong | +0.0054% | 8h | 501.27 | long leg | $221 | — | 5x | |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.73 | −0.107% | $1.6M | $52K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.93 | −0.068% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.22 | −0.010% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.24 | −0.006% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.54 | +0.054% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0713% | 4h | 501.28 | +0.002% | $102K | $243K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Hotstuff MSFT-PERP
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC