MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0057%/8h= −6.3% APRnext payment −$0.57 per $10,000 · paid last 24h −0.016%

Price spread now: Phemex against Paradex+0.094%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 Phemex

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. Phemex is 0.094% dearer against Paradex than usual: you sell high and buy low (spread +0.094% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSFT-USD-PERP	501.06	0.0057	pay 0.0057% / 8h	5h 09m	$220	—	5x
Short	Phemex MSFTUSDT	501.53	0	get 0.0000% / 8h	5h 09m	$2.2M	$773K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$12
Price spread: +0.094% → 0.000%: $9.43
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$18.57
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 4 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 Phemex live order book, 4 min ago	0.40 bp	31.5 bp −$31	doesn't fit	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
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	500.97	−0.017%	$678K	$458K	10x	as long as short
Nado MSFT-PERP	−0.0032%	1h	500.93	−0.025%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0002%	8h	501.22	+0.032%	$189K	$204K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.25	+0.038%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.03	−0.006%	$337K	$892K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.16	+0.020%	$15.7M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	500.87	−0.037%	$7.2M	$2.1M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.33	+0.054%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.03	−0.005%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.21	+0.030%	$4.5M	$2.5M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.10	+0.008%	$1.3M	$647K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.24	+0.036%	$18K	$299K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	501.98	+0.184%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	500.93	−0.025%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.01	−0.009%	$58K	$226K	20x	as long as short
Phemex MSFTUSDTshort	0.0000%	8h	501.53	+0.094%	$2.2M	$773K	10x
Hotstuff MSFT-PERP	+0.0008%	1h	500.76	−0.059%	$32K	$8K	20x	as long as short
QFEX MSFT-USD	+0.0030%	1h	501.04	−0.003%	$1.1M	$5.6M	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	500.90	−0.031%	$682K	$2.0M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	500.99	−0.013%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.00	−0.011%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.72	−0.067%	$22.1M	$8.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.76	−0.059%	$301K	$648K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.04	−0.003%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.83	−0.045%	$516K	$494K	15x	as long as short
Paradex MSFT-USD-PERPlong	+0.0057%	8h	501.06	long leg	$220	—	5x
Phoenix MSFT	+0.0064%	1h	500.87	−0.037%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.98	−0.015%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.78	−0.055%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.04	−0.003%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.05	−0.001%	$55	—	10x	as long as short
Lighter MSFT	+0.0168%	1h	501.22	+0.032%	$1.1M	$479K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.73	+0.134%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0709%	4h	501.11	+0.010%	$102K	$242K	10x	as long as short