Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: ApeX Omni against Ondo Perps+0.076%7-day average +0.016% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.095%+$9 on $10k
+Price spread, last 3 days (all we have)−0.080%−$8 · spread now +0.076%, 7d avg +0.016%
=Together, before fees+0.015%+ Points / potential airdropOndo Perps: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.060% dearer against Ondo Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSFT-USD.P | 500.90 | 0.0050 | pay 0.0006% / 1h | 21m 28s | $514K | $503K | 15x |
| Short | ApeX Omni MSFTUSDT | 501.28 | 0.0100 | get 0.0013% / 1h | 21m 28s | $160K | $7K | 50x |
Ondo Perps MSFT-USD.P
ApeX Omni MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Ondo Perps. 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
- $10.42
- Price spread: +0.076% → +0.016%
- $5.95
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $1.37
- Costs to cover
- 0.150%
- Break-even
- 6.1 days
Slippage unknown: Ondo Perps: no order-book sample; ApeX Omni: live order book, 49 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 49 min ago | 5.09 bp | 10.1 bp −$10 | 65.5 bp −$655 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0493% | 4h | 501.64 | +0.147% | $102K | $243K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0019% | 8h | 501.72 | +0.164% | $188K | $205K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 501.24 | +0.068% | $685K | $453K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.43 | +0.105% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.36 | +0.093% | $337K | $994K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.47 | +0.114% | $15.7M | $18.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.39 | +0.098% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.61 | +0.142% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.33 | +0.086% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.55 | +0.130% | $3.8M | $2.1M | 100x | as long as short |
edgeX MSFTUSDC
BloFin MSFT-USDT
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 501.86 | +0.192% | $1.3M | $690K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.95 | +0.210% | $19K | $289K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.38 | +0.295% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.29 | +0.078% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.54 | +0.128% | $58K | $227K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.60 | +0.140% | $2.2M | $759K | 10x | as long as short |
| Nado MSFT-PERP | +0.0009% | 1h | 501.13 | +0.045% | $414K | $64K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.28 | +0.076% | $619K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0044% | 1h | 501.39 | +0.098% | $1.1M | $5.8M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.35 | +0.090% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.08 | +0.036% | $22.2M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.19 | +0.058% | $303K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.51 | +0.122% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Plong | +0.0050% | 1h | 500.90 | long leg | $514K | $503K | 15x | |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 501.33 | +0.085% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.38 | +0.096% | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0088% | 1h | 501.22 | +0.064% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.29 | +0.078% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDTshort | +0.0100% | 1h | 501.28 | +0.076% | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.46 | +0.112% | $8K | — | 10x | as long as short |
| Lighter MSFT | +0.0104% | 1h | 501.49 | +0.118% | $1.1M | $486K | 20x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.51 | +0.121% | $55 | — | 10x | as long as short |
| Arcus MSFT-USD | +0.0212% | 1h | 501.55 | +0.130% | $97K | $109K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.82 | +0.184% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Nado MSFT-PERP
Lighter RH MSFT
QFEX MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Phoenix MSFT
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Lighter MSFT
Aevo MSFT-PERP
Arcus MSFT-USD
Injective MSFT/USDC PERP