MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.2% APRnext payment +$0.48 per $10,000 · paid last 24h +0.014%

Price spread now: Orderly against Paradex−0.022%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Orderly

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

Funding pays, the price is against you. Orderly is 0.022% cheaper against Paradex than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 37 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSFT-USD-PERP	504.19	0.0052	pay 0.0052% / 8h	2h 24m	$222	—	5x
Short	Orderly PERP_MSFT_USDC_mythos	504.08	0.0100	get 0.0100% / 8h	2h 24m	$8K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.022%Rate

Funding earned: $10.04
Price spread: −0.022% → 0.000%: −$2.19
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$2.15
Costs to cover: 0.100%
Break-even: 8.5 days

Slippage unknown: Paradex: no order-book sample; Orderly: 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 Paradex no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Paradex and Orderly: 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
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	503.98	−0.042%	$687K	$485K	10x	as long as short
Nado MSFT-PERP	−0.0034%	1h	504.11	−0.016%	$415K	$68K	20x	as long as short
BloFin MSFT-USDT	−0.0009%	8h	504.26	+0.014%	$189K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.08	−0.021%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.16	−0.006%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.35	+0.031%	$15.8M	$19.4M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.00	−0.038%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.30	+0.022%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.99	−0.040%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.26	+0.014%	$3.8M	$3.0M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	504.15	−0.009%	$1.3M	$477K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.79	−0.080%	$19K	$317K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	505.12	+0.184%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	504.04	−0.030%	$27K	$43K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.22	+0.006%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.48	+0.057%	$2.2M	$801K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	503.79	−0.079%	$11K	$15K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.07	−0.024%	$688K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	504.25	+0.012%	$1.2M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.79	−0.079%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.30	+0.022%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.92	−0.054%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.88	−0.062%	$303K	$720K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.17	−0.004%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.80	−0.077%	$518K	$471K	15x	as long as short
Paradex MSFT-USD-PERPlong	+0.0052%	8h	504.19	long leg	$222	—	5x
Lighter MSFT	+0.0088%	1h	504.30	+0.022%	$1.2M	$516K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.49	−0.139%	$1.6M	$57K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.91	−0.056%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythosshort	+0.0100%	8h	504.08	−0.022%	$8K	—	10x
Aevo MSFT-PERP	+0.0104%	1h	504.12	−0.014%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0192%	1h	503.67	−0.103%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.04	−0.030%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0832%	4h	504.10	−0.018%	$103K	$242K	10x	as long as short