Funding you earn now, next payment 11:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.07 per $10,000 · paid last 24h +0.023%
Price spread now: Ondo Perps against Coinbase International+0.014%7-day average +0.019% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.014%, 7d avg +0.019%
=Together, before fees+0.086%+ Points / potential airdropOndo Perps: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MSFT-PERP-INTX | 505.85 | −0.0008 | get 0.0001% / 1h | 44m 18s | $711K | $698K | 10x |
| Short | Ondo Perps MSFT-USD.P | 505.92 | 0.0050 | get 0.0006% / 1h | 44m 18s | $521K | $429K | 15x |
Coinbase International MSFT-PERP-INTX
Ondo Perps MSFT-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Coinbase International. 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
- $12.26
- Price spread: +0.014% → +0.019%
- −$0.49
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$3.22
- Costs to cover
- 0.150%
- Break-even
- 8.8 days
Slippage unknown: Coinbase International: live order book, 62 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 Coinbase International live order book, 62 min ago | 3.28 bp | 8.3 bp −$8 | 10.7 bp −$107 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSFT-PERP | −0.0050% | 1h | 505.95 | +0.019% | $413K | $72K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.0024% | 1h | 505.78 | −0.014% | $33K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTXlong | −0.0008% | 1h | 505.85 | long leg | $711K | $698K | 10x | |
| Aster MSFTUSDT | 0.0000% | 8h | 505.79 | −0.011% | $166K | $117K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 505.86 | +0.002% | $330K | $2.1M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 506.03 | +0.036% | $16.4M | $22.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 505.87 | +0.004% | $7.3M | $2.4M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 505.92 | +0.014% | $3.2M | $2.0M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 506.10 | +0.049% | $4.0M | $3.2M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 505.98 | +0.025% | $1.3M | $418K | — | as long as short |
Nado MSFT-PERP
Hotstuff MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 506.35 | +0.098% | $19K | $329K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 506.98 | +0.223% | $6K | $3.4M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 505.94 | +0.018% | $30K | $45K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 506.07 | +0.043% | $49K | $247K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 506.45 | +0.119% | $2.3M | $953K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0017% | 8h | 506.20 | +0.069% | $203K | $224K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 506.02 | +0.034% | $1.2M | $506K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 506.01 | +0.032% | $719K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0038% | 1h | 506.05 | +0.040% | $1.2M | $4.7M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 505.84 | −0.002% | $94K | $83K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 506.32 | +0.093% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 506.10 | +0.049% | $11K | $16K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 505.74 | −0.022% | $22.4M | $9.5M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 505.79 | −0.012% | $319K | $674K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 505.90 | +0.010% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Pshort | +0.0050% | 1h | 505.92 | +0.014% | $521K | $429K | 15x | |
| Paradex MSFT-USD-PERP | +0.0056% | 8h | 506.04 | +0.037% | $223 | — | 5x | as long as short |
| OKX MSFT-USDT-SWAP | +0.0063% | 8h | 506.29 | +0.087% | $3.2M | $2.9M | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0077% | 8h | 505.50 | −0.069% | $1.6M | $295K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 505.91 | +0.012% | $161K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 505.96 | +0.022% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 505.24 | −0.121% | $56 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 506.25 | +0.079% | $116K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0317% | 4h | 506.28 | +0.086% | $103K | $244K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
OKX MSFT-USDT-SWAP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC