Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: OKX against Ondo Perps+0.110%7-day average +0.091% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.110%, 7d avg +0.091%
=Together, before fees−0.099%+ Points / potential airdropOndo Perps: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.091%, 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 | Ondo Perps MSFT-USD.P | 501.12 | 0.0050 | pay 0.0006% / 1h | 48m 24s | $522K | $481K | 15x |
| Short | OKX MSFT-USDT-SWAP | 501.67 | 0 | get 0.0000% / 8h | 5h 48m | $3.0M | $2.3M | 20x |
Ondo Perps MSFT-USD.P
OKX MSFT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$10.58
- Price spread: +0.110% → +0.091%
- $1.91
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$23.67
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago | 1.59 bp | 10.2 bp −$10 | 18.5 bp −$185 | 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 33 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSFT-PERP | −0.0130% | 1h | 501.42 | +0.060% | $414K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 501.24 | +0.024% | $679K | $456K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.0010% | 1h | 501.17 | +0.010% | $22.1M | $9.1M | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.73 | +0.121% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.44 | +0.065% | $338K | $891K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.57 | +0.091% | $15.6M | $18.8M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.64 | +0.104% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAPshort | 0.0000% | 8h | 501.67 | +0.110% | $3.0M | $2.3M | 20x | |
| Gate MSFT_USDT | 0.0000% | 8h | 501.39 | +0.054% | $3.1M | $1.6M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.59 | +0.094% | $4.5M | $2.5M | 100x | as long as short |
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
tradeXYZ xyz:MSFT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDT
Bitget MSFTUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 501.49 | +0.073% | $1.3M | $650K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.60 | +0.096% | $19K | $293K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.29 | +0.233% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.27 | +0.030% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.43 | +0.062% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.73 | +0.122% | $2.2M | $762K | 10x | as long as short |
| QFEX MSFT-USD | +0.0030% | 1h | 501.40 | +0.056% | $1.1M | $5.7M | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 501.62 | +0.100% | $1.1M | $454K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.39 | +0.054% | $668K | $2.0M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.37 | +0.050% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.59 | +0.094% | — | $1K | 25x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.18 | +0.012% | $303K | $646K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.53 | +0.082% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Plong | +0.0050% | 1h | 501.12 | long leg | $522K | $481K | 15x | |
| Paradex MSFT-USD-PERP | +0.0053% | 8h | 501.48 | +0.072% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 501.28 | +0.032% | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0080% | 1h | 501.12 | 0.000% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.51 | +0.078% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.24 | +0.024% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.44 | +0.064% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.44 | +0.064% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.81 | +0.138% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0799% | 4h | 501.52 | +0.080% | $102K | $243K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
QFEX MSFT-USD
Lighter MSFT
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Phoenix MSFT
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC