Funding you earn now, next payment 09:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.003%
Price spread now: Paradex against tradeXYZ+0.017%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 airdroptradeXYZ: Active · Paradex: Active · farm boardneeds both histories
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSFT | 503.98 | 0.0050 | pay 0.0006% / 1h | 36m 13s | $22.4M | $8.9M | 20x |
| Short | Paradex MSFT-USD-PERP | 504.06 | 0.0052 | get 0.0052% / 8h | 7h 36m | $222 | — | 5x |
tradeXYZ xyz:MSFT
Paradex MSFT-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $0.45
- Price spread: +0.017% → 0.000%
- $1.68
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$19.87
- Costs to cover
- 0.220%
- Break-even
- 317.1 days
Slippage unknown: tradeXYZ: live order book, 12 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 tradeXYZ live order book, 12 min ago | 0.40 bp | 10.2 bp −$10 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.0168% | 1h | 503.92 | −0.012% | $33K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0056% | 1h | 503.83 | −0.030% | $682K | $494K | 10x | as long as short |
| Nado MSFT-PERP | −0.0052% | 1h | 504.11 | +0.026% | $415K | $67K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0017% | 8h | 504.46 | +0.095% | $192K | $205K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.38 | +0.079% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.19 | +0.041% | $339K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.39 | +0.081% | $15.9M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.07 | +0.018% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.33 | +0.069% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.09 | +0.022% | $3.1M | $1.9M | 100x | as long as short |
Hotstuff MSFT-PERP
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_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 504.22 | +0.048% | $3.9M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 504.05 | +0.014% | $1.3M | $387K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.34 | +0.071% | $18K | $316K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.06 | +0.214% | $6K | $3.6M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 504.15 | +0.034% | $27K | $44K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.22 | +0.048% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.90 | +0.183% | $2.2M | $831K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 504.13 | +0.030% | $11K | $15K | 20x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 504.22 | +0.048% | $1.1M | $4.7M | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 504.25 | +0.054% | $1.2M | $511K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.20 | +0.044% | $696K | $1.9M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 504.00 | +0.004% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.33 | +0.069% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFTlong | +0.0050% | 1h | 503.98 | long leg | $22.4M | $8.9M | 20x | |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.66 | −0.063% | $303K | $654K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.06 | +0.016% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 504.03 | +0.010% | $514K | $411K | 15x | as long as short |
| Paradex MSFT-USD-PERPshort | +0.0052% | 8h | 504.06 | +0.017% | $222 | — | 5x | |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.93 | −0.010% | $1.6M | $107K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.91 | −0.014% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.27 | +0.058% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.29 | +0.062% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 505.94 | +0.389% | $116K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0695% | 4h | 504.34 | +0.071% | $103K | $243K | 10x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
QFEX MSFT-USD
Lighter MSFT
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC