Settings8H · net · $10k
Funding arb · Price arb /

MSFT

RWAall MSFT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.001%
Price spread now: Paradex against BloFin−0.020%93s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MSFT-USDT503.570.0026pay 0.0026% / 8h7m 35s$191K$206K20x
ShortParadex MSFT-USD-PERP503.470.0052get 0.0052% / 8h7m 35s$2225x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. 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

Funding earned
$5.38
Price spread: −0.020% → 0.000%
−$2
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$12.62
Costs to cover
0.160%
Break-even
23.4 days
Slippage unknown: BloFin: live order book, 63 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 63 min ago0.10 bp8.6 bp −$911.1 bp −$111doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado MSFT-PERP−0.0054%1h503.40−0.035%$414K$67K20xas long as short
tradeXYZ xyz:MSFT−0.0004%1h503.12−0.089%$22.4M$8.8M20xas long as short
Aster MSFTUSDT0.0000%8h503.51−0.013%$162K$114K20xas long as short
Extended MSFT_24_5-USD0.0000%1h503.48−0.017%$339K$1.9M17xas long as short
Binance MSFTUSDT0.0000%8h503.60+0.006%$15.8M$19.1M20xas long as short
Bybit MSFTUSDT0.0000%8h503.30−0.054%$7.2M$2.3M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h503.53−0.008%$3.0M$2.4M20xas long as short
Gate MSFT_USDT0.0000%8h503.30−0.054%$3.1M$1.9M100xas long as short
Bitget MSFTUSDT0.0000%8h503.54−0.006%$3.8M$2.9M100xas long as short
Variational Omni MSFT0.0000%8h503.50−0.014%$1.3M$402Kas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT MSFT_USDT_Perp0.0000%8h503.61+0.007%$19K$320K10xas long as short
SunX MSFT-USDT0.0000%8h504.37+0.159%$6K$3.8M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h503.36−0.042%$27K$44K10xas long as short
Coinbase International MSFT-PERP-INTX0.0000%1h503.07−0.099%$687K$454K10xas long as short
HTX MSFT-USDT0.0000%8h503.48−0.018%$59K$225K20xas long as short
Phemex MSFTUSDT0.0000%8h503.68+0.022%$2.2M$818K10xas long as short
BloFin MSFT-USDTlong+0.0026%8h503.57long leg$191K$206K20x
Lighter MSFT+0.0032%1h503.49−0.016%$1.2M$532K20xas long as short
Lighter RH MSFT+0.0032%1h503.39−0.036%$706K$1.9M20xas long as short
QFEX MSFT-USD+0.0037%1h503.55−0.004%$1.1M$4.6M10xas long as short
Arcus MSFT-USD+0.0040%1h503.33−0.048%$97K$110K10xas long as short
Vest MSFT-USD-PERP+0.0046%1h503.65+0.016%$1K25xas long as short
Polymarket Perps MSFT-USD+0.0050%1h503.26−0.062%$303K$717K10xas long as short
SoDEX MSFT-USD+0.0050%1h503.31−0.052%$60K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h503.17−0.079%$512K$428K15xas long as short
Paradex MSFT-USD-PERPshort+0.0052%8h503.47−0.020%$2225x
Phoenix MSFT+0.0064%1h503.38−0.038%$11K$15K20xas long as short
Hotstuff MSFT-PERP+0.0064%1h503.12−0.089%$32K$8K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h503.02−0.109%$1.6M$73K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h503.16−0.081%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h503.46−0.022%$8K10xas long as short
Aevo MSFT-PERP+0.0104%1h503.48−0.018%$5510xas long as short
Injective MSFT/USDC PERP+0.0220%1h503.80+0.046%$115K$45K30xas long as short
edgeX MSFTUSDC+0.0771%4h503.52−0.011%$102K$242K10xas long as short