Funding you earn now, next payment 09:00 UTC−0.0644%/8h= −70.5% APRpaid last 24h +0.081%
Price spread now: Ondo Perps against edgeX−0.045%7-day average −0.086% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.045%, 7d avg −0.086%
=Together, before fees+0.098%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.041% dearer against edgeX than usual: you sell high and buy low (spread −0.045% now, against its 7-day average of −0.086%): +$4 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.082%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.082% in total (about 4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSFTUSDC | 504.34 | 0.0695 | pay 0.0347% / 4h | 3h 37m | $103K | $243K | 10x |
| Short | Ondo Perps MSFT-USD.P | 504.11 | 0.0050 | get 0.0006% / 1h | 37m 02s | $514K | $411K | 15x |
edgeX MSFTUSDC
Ondo Perps MSFT-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against edgeX. 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
- −$135.28
- Price spread: −0.045% → −0.086%
- $4.11
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$145.17
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 60 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 edgeX live order book, 60 min ago | 5.26 bp | 10.0 bp −$10 | 12.4 bp −$124 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.0168% | 1h | 503.92 | −0.083% | $33K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0056% | 1h | 503.83 | −0.101% | $682K | $494K | 10x | as long as short |
| Nado MSFT-PERP | −0.0055% | 1h | 504.16 | −0.035% | $415K | $67K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0017% | 8h | 504.46 | +0.024% | $192K | $205K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.40 | +0.013% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.32 | −0.005% | $339K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.43 | +0.018% | $15.9M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.14 | −0.039% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.51 | +0.034% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.17 | −0.033% | $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 | 504.45 | +0.022% | $3.9M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 504.05 | −0.057% | $1.3M | $387K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.34 | 0.000% | $18K | $316K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.23 | +0.177% | $6K | $3.6M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.32 | −0.004% | $59K | $224K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.58 | +0.048% | $2.2M | $830K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 504.13 | −0.041% | $11K | $15K | 20x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 504.30 | −0.008% | $1.1M | $4.7M | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 504.26 | −0.015% | $1.2M | $511K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.21 | −0.025% | $696K | $1.9M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 504.18 | −0.031% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.39 | +0.010% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.84 | −0.099% | $22.4M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.67 | −0.132% | $303K | $654K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.18 | −0.031% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Pshort | +0.0050% | 1h | 504.11 | −0.045% | $514K | $411K | 15x | |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 504.27 | −0.014% | $222 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.99 | −0.069% | $1.6M | $106K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.91 | −0.085% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.33 | −0.002% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.24 | −0.019% | $55 | — | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0167% | 1h | 504.28 | −0.011% | $27K | $44K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 505.94 | +0.318% | $116K | $45K | 30x | as long as short |
| edgeX MSFTUSDClong | +0.0695% | 4h | 504.34 | long leg | $103K | $243K | 10x |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
QFEX MSFT-USD
Lighter MSFT
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Deribit MSFT_USDC-PERPETUAL
Injective MSFT/USDC PERP