MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.016%

Price spread now: OKX against Paradex+0.030%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 OKX

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. OKX is 0.030% dearer against Paradex than usual: you sell high and buy low (spread +0.030% 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 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSFT-USD-PERP	502.29	0.0050	pay 0.0050% / 8h	3h 26m	$221	—	5x
Short	OKX MSFT-USDT-SWAP	502.44	0	get 0.0000% / 8h	3h 26m	$3.0M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$10.55
Price spread: +0.030% → 0.000%: $3
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$21.55
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; OKX: live order book, 6 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 OKX live order book, 6 min ago	0.20 bp	8.6 bp −$9	17.8 bp −$178	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	−0.0102%	1h	502.30	+0.001%	$415K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	500.97	−0.263%	$677K	$447K	10x	as long as short
tradeXYZ xyz:MSFT	−0.0006%	1h	502.03	−0.052%	$22.2M	$8.8M	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.30	+0.003%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.29	+0.001%	$337K	$881K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.46	+0.034%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	502.23	−0.012%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAPshort	0.0000%	8h	502.44	+0.030%	$3.0M	$2.3M	20x
Hotstuff MSFT-PERP	0.0000%	1h	502.04	−0.050%	$32K	$8K	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.15	−0.028%	$3.1M	$1.7M	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	502.41	+0.024%	$4.4M	$2.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.04	−0.050%	$1.3M	$607K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.17	−0.023%	$19K	$297K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	503.19	+0.179%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	502.13	−0.032%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.30	+0.002%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.69	+0.080%	$2.2M	$777K	10x	as long as short
BloFin MSFT-USDT	+0.0016%	8h	502.43	+0.028%	$189K	$204K	20x	as long as short
Lighter MSFT	+0.0032%	1h	502.44	+0.030%	$1.1M	$503K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.21	−0.016%	$679K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	502.32	+0.006%	$1.1M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.97	−0.064%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.47	+0.036%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.61	−0.135%	$10K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	502.11	−0.036%	$303K	$701K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.29	0.000%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERPlong	+0.0050%	8h	502.29	long leg	$221	—	5x
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.96	−0.066%	$511K	$461K	15x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.88	−0.082%	$1.6M	$53K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.65	−0.127%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.33	+0.008%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.33	+0.008%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.14	−0.030%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0905%	4h	501.92	−0.074%	$102K	$244K	10x	as long as short