Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.066%
Price spread now: Ondo Perps against Arcus−0.024%7-day average −0.060% · 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)−0.086%−$9 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.024%, 7d avg −0.060%
=Together, before fees−0.129%+ Points / potential airdropOndo Perps: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Ondo Perps is 0.036% dearer against Arcus than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.060%. Mind the row above: over the last 4 days funding on this pair cost −0.086%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MSFT-USD | 501.09 | 0.0040 | pay 0.0005% / 1h | 38m 15s | $96K | $111K | 10x |
| Short | Ondo Perps MSFT-USD.P | 500.97 | 0.0050 | get 0.0006% / 1h | 38m 15s | $527K | $456K | 15x |
Arcus MSFT-USD
Ondo Perps MSFT-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Arcus. 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
- $2.13
- Price spread: −0.024% → −0.060%
- $3.56
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$3.82
- Costs to cover
- 0.095%
- Break-even
- 19.6 days
Slippage unknown: Arcus: live order book, 20 min ago; Ondo Perps: 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 Arcus live order book, 20 min ago | 3.29 bp | 8.6 bp −$9 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | −0.0040% | 1h | 500.97 | −0.024% | $678K | $456K | 10x | as long as short |
| Nado MSFT-PERP | −0.0024% | 1h | 501.02 | −0.014% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.04 | −0.009% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.24 | +0.031% | $341K | $893K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.37 | +0.055% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.02 | −0.014% | $7.2M | $2.1M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.39 | +0.060% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.23 | +0.028% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.34 | +0.050% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.35 | +0.052% | $1.3M | $613K | — | as long as short |
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 MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.38 | +0.058% | $19K | $302K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.12 | +0.206% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.07 | −0.004% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.17 | +0.016% | $58K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.44 | +0.070% | $2.2M | $779K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0010% | 8h | 501.40 | +0.062% | $189K | $204K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0024% | 1h | 500.85 | −0.048% | $32K | $8K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.12 | +0.006% | $674K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 501.24 | +0.030% | $1.1M | $5.5M | 10x | as long as short |
| Arcus MSFT-USDlong | +0.0040% | 1h | 501.09 | long leg | $96K | $111K | 10x | |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.05 | −0.008% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 500.92 | −0.034% | $10K | $15K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 500.86 | −0.046% | $22.1M | $8.7M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.92 | −0.034% | $318K | $697K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.24 | +0.030% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Pshort | +0.0050% | 1h | 500.97 | −0.024% | $527K | $456K | 15x | |
| Paradex MSFT-USD-PERP | +0.0058% | 8h | 501.25 | +0.031% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.86 | −0.046% | $1.5M | $20K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.05 | −0.008% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.27 | +0.036% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.25 | +0.033% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0120% | 1h | 501.37 | +0.056% | $1.1M | $489K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.66 | +0.114% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0513% | 4h | 501.36 | +0.055% | $102K | $242K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Hotstuff MSFT-PERP
Lighter RH MSFT
QFEX MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
edgeX MSFTUSDC