Funding you earn now, next payment 08:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h +0.065%
Price spread now: Arcus against Paradex−0.019%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSFT-USD-PERP | 503.30 | 0.0055 | pay 0.0055% / 8h | 51m 20s | $221 | — | 5x |
| Short | Arcus MSFT-USD | 503.20 | 0.0040 | get 0.0005% / 1h | 51m 20s | $97K | $110K | 10x |
Paradex MSFT-USD-PERP
Arcus MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Paradex. 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
- −$3.07
- Price spread: −0.019% → 0.000%
- −$1.9
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$13.47
- Costs to cover
- 0.085%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Arcus: live order book, 52 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 52 min ago | 3.38 bp | 11.0 bp −$11 | 13.7 bp −$137 | doesn't fit | doesn't fit |
Paradex: 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 | −0.0987% | 4h | 503.36 | +0.012% | $102K | $243K | 10x | as long as short |
| Nado MSFT-PERP | −0.0064% | 1h | 503.14 | −0.030% | $414K | $67K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0013% | 8h | 503.43 | +0.027% | $191K | $206K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.20 | −0.018% | $161K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.30 | 0.000% | $340K | $1.8M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.51 | +0.043% | $15.8M | $19.2M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.25 | −0.009% | $7.3M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.49 | +0.039% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.23 | −0.013% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.45 | +0.031% | $3.8M | $2.9M | 100x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
BloFin MSFT-USDT
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 | 503.43 | +0.027% | $1.3M | $414K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.50 | +0.040% | $18K | $327K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.24 | +0.188% | $6K | $3.8M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.15 | −0.029% | $27K | $44K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 502.97 | −0.065% | $682K | $455K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.37 | +0.015% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.51 | +0.043% | $2.2M | $821K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.18 | −0.023% | $696K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0037% | 1h | 503.34 | +0.009% | $1.2M | $4.7M | 10x | as long as short |
| Lighter MSFT | +0.0040% | 1h | 503.33 | +0.007% | $1.2M | $520K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0040% | 1h | 503.01 | −0.057% | $32K | $8K | 20x | as long as short |
| Arcus MSFT-USDshort | +0.0040% | 1h | 503.20 | −0.019% | $97K | $110K | 10x | |
| tradeXYZ xyz:MSFT | +0.0044% | 1h | 503.13 | −0.033% | $22.4M | $8.8M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.50 | +0.041% | — | $1K | 25x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.06 | −0.047% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.25 | −0.009% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.11 | −0.037% | $512K | $433K | 15x | as long as short |
| Paradex MSFT-USD-PERPlong | +0.0055% | 8h | 503.30 | long leg | $221 | — | 5x | |
| Phoenix MSFT | +0.0064% | 1h | 503.22 | −0.015% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.86 | −0.087% | $1.6M | $61K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.98 | −0.063% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.23 | −0.013% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.34 | +0.010% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.82 | +0.104% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter RH MSFT
QFEX MSFT-USD
Lighter MSFT
Hotstuff MSFT-PERP
tradeXYZ xyz:MSFT
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP