Funding arb · Price arb /

MSFT

RWAall MSFT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0327%/8h= −35.8% APRpaid last 24h +0.033%

Price spread now: edgeX against Paradex+0.034%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 edgeX

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 · edgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.034% dearer against Paradex than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSFT-USD-PERP	501.54	0.0051	pay 0.0051% / 8h	7h 35m	$221	—	5x
Short	edgeX MSFTUSDC	501.71	−0.0276	pay 0.0138% / 4h	3h 35m	$102K	$242K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$68.74
Price spread: +0.034% → 0.000%: $3.43
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$78.31
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 37 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 edgeX live order book, 37 min ago	5.18 bp	9.9 bp −$10	12.1 bp −$121	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 MSFTUSDCshort	−0.0276%	4h	501.71	+0.034%	$102K	$242K	10x
BloFin MSFT-USDT	−0.0020%	8h	501.57	+0.007%	$188K	$206K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.13	−0.081%	$680K	$456K	10x	as long as short
Nado MSFT-PERP	−0.0002%	1h	501.42	−0.024%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.54	+0.001%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.47	−0.014%	$337K	$942K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.57	+0.007%	$15.7M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.55	+0.003%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.70	+0.032%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.31	−0.045%	$3.1M	$1.6M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.59	+0.011%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.74	+0.041%	$1.3M	$690K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.86	+0.065%	$19K	$295K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.32	+0.156%	$6K	$4.2M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.25	−0.057%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.39	−0.029%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.95	+0.082%	$2.2M	$758K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.39	−0.029%	$619K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	501.55	+0.003%	$1.1M	$5.9M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.48	−0.011%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.15	−0.077%	$22.2M	$9.1M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.20	−0.067%	$303K	$674K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.45	−0.017%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.39	−0.029%	$527K	$488K	15x	as long as short
Paradex MSFT-USD-PERPlong	+0.0051%	8h	501.54	long leg	$221	—	5x
Phoenix MSFT	+0.0080%	1h	501.66	+0.024%	$10K	$15K	20x	as long as short
Lighter MSFT	+0.0080%	1h	501.60	+0.012%	$1.1M	$486K	20x	as long as short
Hotstuff MSFT-PERP	+0.0080%	1h	501.46	−0.015%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.45	−0.017%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.19	−0.069%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.50	−0.007%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.45	−0.018%	$55	—	10x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.60	+0.012%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.00	+0.092%	$115K	$45K	30x	as long as short