Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: SoDEX against tradeXYZ+0.058%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.058% dearer against tradeXYZ than usual: you sell high and buy low, +$6 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 | tradeXYZ xyz:MSFT | 500.95 | 0.0050 | pay 0.0006% / 1h | 23m 17s | $22.1M | $8.9M | 20x |
| Short | SoDEX MSFT-USD | 501.24 | 0.0050 | get 0.0006% / 1h | 23m 17s | $60K | $3K | 10x |
tradeXYZ xyz:MSFT
SoDEX MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against tradeXYZ. 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
- Price spread: +0.058% → 0.000%
- $5.79
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$20.21
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 5 min ago; SoDEX: 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 tradeXYZ live order book, 5 min ago | 0.10 bp | 9.5 bp −$10 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | −0.0136% | 4h | 501.41 | +0.093% | $102K | $242K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 500.91 | −0.008% | $678K | $457K | 10x | as long as short |
| Nado MSFT-PERP | −0.0037% | 1h | 501.13 | +0.035% | $414K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0008% | 8h | 501.57 | +0.124% | $189K | $203K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.51 | +0.111% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.22 | +0.054% | $337K | $892K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.35 | +0.080% | $15.7M | $18.9M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.20 | +0.050% | $7.3M | $1.8M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.51 | +0.112% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.24 | +0.058% | $3.1M | $1.7M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 501.47 | +0.104% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.44 | +0.098% | $1.3M | $650K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.68 | +0.146% | $19K | $297K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.15 | +0.240% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.00 | +0.010% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.24 | +0.058% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.36 | +0.082% | $2.2M | $769K | 10x | as long as short |
| QFEX MSFT-USD | +0.0030% | 1h | 501.19 | +0.048% | $1.1M | $5.6M | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.20 | +0.050% | $685K | $2.0M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.21 | +0.052% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.29 | +0.068% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFTlong | +0.0050% | 1h | 500.95 | long leg | $22.1M | $8.9M | 20x | |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.96 | +0.002% | $301K | $648K | 10x | as long as short |
| SoDEX MSFT-USDshort | +0.0050% | 1h | 501.24 | +0.058% | $60K | $3K | 10x | |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.01 | +0.012% | $524K | $494K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0060% | 8h | 501.16 | +0.042% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 501.05 | +0.020% | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0072% | 1h | 500.93 | −0.004% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.24 | +0.058% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.13 | +0.036% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.25 | +0.060% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.22 | +0.054% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0176% | 1h | 501.52 | +0.114% | $1.1M | $459K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.86 | +0.182% | $115K | $45K | 30x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
QFEX MSFT-USD
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP