MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.53 per $10,000 · paid last 24h −0.016%

Price spread now: OKX against Paradex+0.050%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. OKX is 0.050% dearer against Paradex than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSFT-USD-PERP	501.28	0.0053	pay 0.0053% / 8h	3h 41m	$221	—	5x
Short	OKX MSFT-USDT-SWAP	501.53	0	get 0.0000% / 8h	3h 41m	$3.0M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 ParadexbpFee OKXbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$11.17
Price spread: +0.050% → 0.000%: $5.04
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$20.13
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.90 bp	9.0 bp −$9	16.9 bp −$169	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	−0.0253%	4h	501.35	+0.014%	$102K	$244K	10x	as long as short
Nado MSFT-PERP	−0.0111%	1h	501.19	−0.017%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	500.97	−0.061%	$677K	$450K	10x	as long as short
tradeXYZ xyz:MSFT	−0.0008%	1h	500.97	−0.061%	$22.1M	$8.7M	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.30	+0.005%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.34	+0.012%	$337K	$883K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.48	+0.040%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.18	−0.019%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAPshort	0.0000%	8h	501.53	+0.050%	$3.0M	$2.3M	20x
Hotstuff MSFT-PERP	0.0000%	1h	500.97	−0.061%	$32K	$8K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MSFT_USDT	0.0000%	8h	501.25	−0.005%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.31	+0.006%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.34	+0.012%	$1.3M	$607K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.39	+0.022%	$18K	$298K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.21	+0.186%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.29	+0.002%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.29	+0.002%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.50	+0.044%	$2.2M	$770K	10x	as long as short
BloFin MSFT-USDT	+0.0018%	8h	501.47	+0.038%	$189K	$204K	20x	as long as short
Lighter MSFT	+0.0032%	1h	501.42	+0.028%	$1.1M	$503K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.17	−0.021%	$676K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	501.30	+0.004%	$1.1M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.12	−0.031%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.34	+0.012%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.07	−0.041%	$10K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.01	−0.053%	$302K	$697K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.24	−0.007%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.01	−0.053%	$518K	$452K	15x	as long as short
Paradex MSFT-USD-PERPlong	+0.0053%	8h	501.28	long leg	$221	—	5x
KuCoin MSFTUSDTM	+0.0100%	8h	500.72	−0.111%	$1.6M	$52K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.17	−0.021%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.33	+0.010%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.33	+0.011%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.54	+0.052%	$115K	$45K	30x	as long as short