MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.009%

Price spread now: Ondo Perps against Extended−0.094%7-day average −0.071% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.094%, 7d avg −0.071%

Together, before fees+0.125%+ Points / potential airdropExtended: Active · Ondo Perps: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.023% cheaper against Extended than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of −0.071%). If the spread goes back, that is −$2 on $10k: about 37 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSFT_24_5-USD	503.72	0	get 0.0000% / 1h	6m 52s	$339K	$885K	17x
Short	Ondo Perps MSFT-USD.P	503.25	0.0050	get 0.0006% / 1h	6m 52s	$512K	$459K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee Ondo PerpsbpOrdersPrice spread, now −0.094%Rate

Funding earned: $10.58
Price spread: −0.094% → −0.071%: −$2.32
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$1.74
Costs to cover: 0.100%
Break-even: 8.1 days

Slippage unknown: Extended: live order book, 46 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 Extended live order book, 46 min ago	0.80 bp	6.2 bp −$6	39.1 bp −$391	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	−0.0112%	1h	503.30	−0.084%	$32K	$8K	20x	as long as short
Nado MSFT-PERP	−0.0102%	1h	503.53	−0.038%	$414K	$65K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	503.14	−0.116%	$681K	$452K	10x	as long as short
BloFin MSFT-USDT	−0.0023%	8h	503.83	+0.021%	$189K	$205K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.57	−0.030%	$162K	$116K	20x	as long as short
Extended MSFT_24_5-USDlong	0.0000%	1h	503.72	long leg	$339K	$885K	17x
Binance MSFTUSDT	0.0000%	8h	503.85	+0.025%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.58	−0.029%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.83	+0.021%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.58	−0.029%	$3.1M	$1.8M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	503.77	+0.009%	$4.4M	$2.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.85	−0.174%	$1.3M	$490K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.55	−0.035%	$18K	$300K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.51	+0.156%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.58	−0.029%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.63	−0.019%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.83	+0.021%	$2.2M	$781K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0012%	1h	503.41	−0.062%	$22.3M	$8.8M	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.76	+0.007%	$1.1M	$514K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.53	−0.039%	$680K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	503.64	−0.017%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.19	−0.106%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.58	−0.029%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	503.14	−0.116%	$11K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.27	−0.090%	$304K	$712K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.62	−0.021%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.Pshort	+0.0050%	1h	503.25	−0.094%	$512K	$459K	15x
Paradex MSFT-USD-PERP	+0.0051%	8h	503.63	−0.018%	$222	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.24	−0.096%	$1.6M	$56K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.14	−0.116%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.64	−0.017%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.66	−0.013%	$55	—	10x	as long as short
edgeX MSFTUSDC	+0.0208%	4h	503.56	−0.032%	$102K	$243K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.08	−0.128%	$115K	$45K	30x	as long as short