Funding you earn now, next payment 02:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h −0.003%
Price spread now: tradeXYZ against Paradex−0.040%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
=Together, before fees—+ Points / potential airdropParadex: Active · tradeXYZ: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.040% cheaper against Paradex than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSFT-USD-PERP | 501.56 | 0.0055 | pay 0.0055% / 8h | 6h 13m | $221 | — | 5x |
| Short | tradeXYZ xyz:MSFT | 501.36 | 0.0050 | get 0.0006% / 1h | 13m 30s | $22.1M | $9.3M | 20x |
Paradex MSFT-USD-PERP
tradeXYZ xyz:MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$0.99
- Price spread: −0.040% → 0.000%
- −$4.03
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$27.02
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago | 0.40 bp | 10.1 bp −$10 | doesn't fit | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0156% | 4h | 501.62 | +0.011% | $102K | $244K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0016% | 1h | 501.22 | −0.068% | $679K | $457K | 10x | as long as short |
| Nado MSFT-PERP | −0.0010% | 1h | 501.53 | −0.007% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.81 | +0.049% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.54 | −0.003% | $337K | $899K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.67 | +0.022% | $15.6M | $18.8M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.72 | +0.032% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.79 | +0.045% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.59 | +0.006% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.68 | +0.024% | $4.5M | $2.5M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
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 | 501.63 | +0.013% | $1.3M | $682K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.75 | +0.038% | $18K | $296K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.46 | +0.179% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.52 | −0.008% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.59 | +0.006% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.03 | +0.093% | $2.2M | $766K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.55 | −0.002% | $631K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0038% | 1h | 501.54 | −0.004% | $1.1M | $5.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.48 | −0.016% | $97K | $109K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.70 | +0.028% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFTshort | +0.0050% | 1h | 501.36 | −0.040% | $22.1M | $9.3M | 20x | |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.29 | −0.054% | $303K | $671K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.62 | +0.012% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.23 | −0.066% | $522K | $518K | 15x | as long as short |
| Paradex MSFT-USD-PERPlong | +0.0055% | 8h | 501.56 | long leg | $221 | — | 5x | |
| Phoenix MSFT | +0.0080% | 1h | 501.60 | +0.008% | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0088% | 1h | 501.39 | −0.034% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.32 | −0.048% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.49 | −0.014% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.60 | +0.008% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.57 | +0.001% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0160% | 1h | 501.78 | +0.043% | $1.1M | $489K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.78 | +0.043% | $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
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Phoenix MSFT
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP