MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.41 per $10,000 · paid last 24h −0.023%

Price spread now: Bybit against Paradex+0.041%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 Bybit

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. Bybit is 0.041% dearer against Paradex than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSFT-USD-PERP	501.86	0.0062	pay 0.0062% / 8h	1h 31m	$221	—	5x
Short	Bybit MSFTUSDT	502.06	0.0022	get 0.0022% / 8h	1h 31m	$7.4M	$1.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$8.59
Price spread: +0.041% → 0.000%: $4.08
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$19.51
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bybit: 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 Bybit live order book, 2 min ago	0.80 bp	12.2 bp −$12	17.9 bp −$179	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
edgeX MSFTUSDC	−0.0817%	4h	501.97	+0.022%	$102K	$243K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.04	+0.037%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.96	+0.022%	$337K	$407K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.02	+0.032%	$15.7M	$19.3M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.96	+0.021%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.82	−0.007%	$3.1M	$1.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.99	+0.027%	$1.3M	$708K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.01	+0.031%	$18K	$318K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.83	+0.194%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.70	−0.031%	$27K	$104K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.58	−0.055%	$688K	$449K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.88	+0.005%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.13	+0.055%	$2.2M	$763K	10x	as long as short
BloFin MSFT-USDT	0.0000%	8h	502.04	+0.037%	$188K	$209K	20x	as long as short
Bitget MSFTUSDT	+0.0006%	8h	502.07	+0.043%	$3.8M	$2.2M	100x	as long as short
Bybit MSFTUSDTshort	+0.0022%	8h	502.06	+0.041%	$7.4M	$1.7M	100x
Lighter RH MSFT	+0.0032%	1h	501.88	+0.005%	$653K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	501.95	+0.019%	$1.1M	$5.8M	10x	as long as short
Nado MSFT-PERP	+0.0046%	1h	501.69	−0.034%	$414K	$64K	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.75	−0.021%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.59	−0.053%	$22.3M	$9.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.55	−0.061%	$305K	$681K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.95	+0.019%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.62	−0.047%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERPlong	+0.0062%	8h	501.86	long leg	$221	—	5x
Phoenix MSFT	+0.0080%	1h	501.61	−0.049%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.53	−0.065%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.79	−0.013%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.91	+0.011%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.96	+0.022%	$55	—	10x	as long as short
Lighter MSFT	+0.0168%	1h	502.06	+0.041%	$1.1M	$590K	20x	as long as short
Hotstuff MSFT-PERP	+0.0168%	1h	501.63	−0.045%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0200%	1h	501.85	−0.001%	$98K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.17	+0.063%	$115K	$45K	30x	as long as short