Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Ondo Perps against tradeXYZ−0.016%7-day average +0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.016%, 7d avg +0.010%
=Together, before fees+0.064%+ Points / potential airdroptradeXYZ: Active · Ondo Perps: Active · farm board+$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.026% cheaper against tradeXYZ than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSFT | 503.88 | 0.0050 | pay 0.0006% / 1h | 25m 26s | $22.4M | $8.9M | 20x |
| Short | Ondo Perps MSFT-USD.P | 503.80 | 0.0050 | get 0.0006% / 1h | 25m 26s | $518K | $471K | 15x |
tradeXYZ xyz:MSFT
Ondo Perps MSFT-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.08
- Price spread: −0.016% → +0.010%
- −$2.55
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$25.47
- Costs to cover
- 0.230%
- Break-even
- 2129.3 days
Slippage unknown: tradeXYZ: live order book, 4 min ago; Ondo Perps: 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 tradeXYZ live order book, 4 min ago | 0.60 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | 503.76 | −0.024% | $687K | $483K | 10x | as long as short |
| Nado MSFT-PERP | −0.0034% | 1h | 504.11 | +0.046% | $415K | $68K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0017% | 8h | 504.20 | +0.064% | $189K | $206K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.07 | +0.038% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.26 | +0.075% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.31 | +0.086% | $15.8M | $19.4M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.00 | +0.024% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.30 | +0.083% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.97 | +0.018% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.26 | +0.075% | $3.8M | $3.0M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 504.15 | +0.053% | $1.3M | $477K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.79 | −0.018% | $19K | $317K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.94 | +0.210% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.81 | −0.014% | $27K | $43K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.04 | +0.032% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.35 | +0.093% | $2.2M | $800K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.79 | −0.018% | $11K | $15K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.11 | +0.046% | $688K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 504.25 | +0.073% | $1.2M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.79 | −0.018% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.30 | +0.083% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFTlong | +0.0050% | 1h | 503.88 | long leg | $22.4M | $8.9M | 20x | |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.88 | 0.000% | $303K | $720K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.91 | +0.006% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Pshort | +0.0050% | 1h | 503.80 | −0.016% | $518K | $471K | 15x | |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 504.19 | +0.062% | $222 | — | 5x | as long as short |
| Lighter MSFT | +0.0088% | 1h | 504.33 | +0.089% | $1.2M | $516K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.52 | −0.071% | $1.6M | $57K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.91 | +0.006% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.08 | +0.040% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.99 | +0.021% | $55 | — | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0192% | 1h | 503.67 | −0.042% | $32K | $8K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.04 | +0.032% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0832% | 4h | 504.10 | +0.043% | $103K | $242K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Lighter MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Hotstuff MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC