MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.52 per $10,000 · paid last 24h −0.015%

Price spread now: Bitget against Paradex+0.025%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Bitget is 0.025% dearer against Paradex than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSFT-USD-PERP	503.08	0.0052	pay 0.0052% / 8h	2h 56m	$221	—	5x
Short	Bitget MSFTUSDT	503.21	0	get 0.0000% / 8h	2h 56m	$4.4M	$2.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Paradex. 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 ParadexbpFee BitgetbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$10.95
Price spread: +0.025% → 0.000%: $2.52
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$24.43
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bitget: 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 Bitget live order book, 2 min ago	1.99 bp	9.5 bp −$10	13.5 bp −$135	55.8 bp −$5,578	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
edgeX MSFTUSDC	−0.0658%	4h	503.77	+0.137%	$102K	$244K	10x	as long as short
Nado MSFT-PERP	−0.0068%	1h	503.04	−0.008%	$412K	$66K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	503.29	+0.041%	$685K	$461K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.05	−0.007%	$162K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.08	−0.001%	$341K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.22	+0.027%	$15.8M	$19.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.07	−0.003%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.23	+0.029%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.80	−0.056%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDTshort	0.0000%	8h	503.21	+0.025%	$4.4M	$2.6M	100x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	503.79	+0.140%	$1.3M	$493K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.80	+0.143%	$19K	$305K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.03	+0.188%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	502.94	−0.028%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.52	+0.087%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.01	+0.184%	$2.2M	$787K	10x	as long as short
BloFin MSFT-USDT	+0.0009%	8h	503.51	+0.085%	$190K	$205K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.35	+0.053%	$1.2M	$495K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.03	−0.011%	$679K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	503.22	+0.027%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.37	+0.057%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.30	+0.043%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	503.46	+0.075%	$11K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	502.85	−0.046%	$22.2M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	502.92	−0.032%	$303K	$713K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.10	+0.003%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	502.83	−0.050%	$513K	$463K	15x	as long as short
Paradex MSFT-USD-PERPlong	+0.0052%	8h	503.08	long leg	$221	—	5x
Hotstuff MSFT-PERP	+0.0056%	1h	503.27	+0.037%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.92	−0.032%	$1.6M	$56K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.36	+0.055%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.07	−0.003%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.16	+0.015%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.84	+0.150%	$115K	$45K	30x	as long as short