MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.52 per $10,000 · paid last 24h +0.015%

Price spread now: Paradex against Phemex−0.154%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Paradex

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

Funding pays, the price is against you. Paradex is 0.154% cheaper against Phemex than usual: you would sell low and buy high (spread −0.154% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 9.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex MSFTUSDT	504.88	0	get 0.0000% / 8h	7h 28m	$2.2M	$837K	10x
Short	Paradex MSFT-USD-PERP	504.10	0.0052	get 0.0052% / 8h	7h 28m	$222	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Phemex. 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 PhemexbpFee ParadexbpOrdersPrice spread, now −0.154%Rate

Funding earned: $10.94
Price spread: −0.154% → 0.000%: −$15.37
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$20.43
Costs to cover: 0.160%
Break-even: 20.1 days

Slippage unknown: Phemex: live order book, 4 min ago; Paradex: no order-book sample. 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 Phemex live order book, 4 min ago	0.69 bp	29.6 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	−0.0313%	4h	504.33	−0.108%	$103K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	503.83	−0.208%	$682K	$479K	10x	as long as short
Nado MSFT-PERP	−0.0034%	1h	504.01	−0.173%	$415K	$67K	20x	as long as short
Hotstuff MSFT-PERP	−0.0032%	1h	503.81	−0.212%	$33K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.38	−0.099%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.25	−0.125%	$335K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.38	−0.099%	$15.9M	$18.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.07	−0.160%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.45	−0.085%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.06	−0.162%	$3.1M	$1.9M	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	504.38	−0.099%	$3.9M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.34	−0.107%	$1.3M	$387K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.31	−0.112%	$19K	$316K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	505.15	+0.053%	$6K	$3.5M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.29	−0.117%	$59K	$225K	20x	as long as short
Phemex MSFTUSDTlong	0.0000%	8h	504.88	long leg	$2.2M	$837K	10x
BloFin MSFT-USDT	+0.0008%	8h	504.36	−0.103%	$192K	$204K	20x	as long as short
Phoenix MSFT	+0.0016%	1h	504.07	−0.160%	$11K	$15K	20x	as long as short
QFEX MSFT-USD	+0.0023%	1h	504.24	−0.127%	$1.1M	$4.6M	10x	as long as short
Lighter MSFT	+0.0032%	1h	504.08	−0.158%	$1.2M	$513K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.08	−0.158%	$699K	$1.9M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	504.06	−0.162%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.29	−0.117%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.68	−0.238%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.84	−0.206%	$303K	$650K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.10	−0.154%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.99	−0.176%	$514K	$395K	15x	as long as short
Paradex MSFT-USD-PERPshort	+0.0052%	8h	504.10	−0.154%	$222	—	5x
Deribit MSFT_USDC-PERPETUAL	+0.0087%	1h	504.07	−0.160%	$27K	$45K	10x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.86	−0.202%	$1.6M	$112K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.83	−0.208%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.15	−0.145%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.23	−0.128%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	505.84	+0.190%	$116K	$45K	30x	as long as short