Funding you earn now, next payment 06:00 UTC+0.0011%/8h= +1.3% APRpaid last 24h −0.065%
Price spread now: Paradex against Arcus−0.002%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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MSFT-USD | 502.53 | 0.0040 | pay 0.0005% / 1h | 46m 43s | $96K | $111K | 10x |
| Short | Paradex MSFT-USD-PERP | 502.52 | 0.0052 | get 0.0052% / 8h | 2h 46m | $221 | — | 5x |
Arcus MSFT-USD
Paradex MSFT-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $2.41
- Price spread: −0.002% → 0.000%
- −$0.18
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$6.27
- Costs to cover
- 0.085%
- Break-even
- 25.2 days
Slippage unknown: Arcus: live order book, 1 min ago; Paradex: 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, 1 min ago | 3.68 bp | 10.0 bp −$10 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 502.41 | −0.024% | $684K | $454K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.59 | +0.012% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.46 | −0.015% | $341K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.59 | +0.011% | $15.8M | $19.3M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.42 | −0.022% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.85 | +0.064% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 502.42 | −0.022% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 502.59 | +0.012% | $4.2M | $2.7M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 502.78 | +0.049% | $1.3M | $493K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.91 | +0.076% | $18K | $311K | 10x | as long as short |
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_PerpShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MSFT-USDT | 0.0000% | 8h | 503.60 | +0.213% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 502.52 | −0.002% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.71 | +0.036% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.10 | +0.113% | $2.2M | $791K | 10x | as long as short |
| Nado MSFT-PERP | +0.0001% | 1h | 502.52 | −0.002% | $412K | $66K | 20x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 502.53 | 0.000% | $11K | $15K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0019% | 8h | 502.85 | +0.064% | $190K | $204K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 502.43 | −0.020% | $682K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 502.67 | +0.028% | $1.2M | $4.8M | 10x | as long as short |
| Arcus MSFT-USDlong | +0.0040% | 1h | 502.53 | long leg | $96K | $111K | 10x | |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 502.69 | +0.032% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 502.24 | −0.058% | $22.2M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 502.46 | −0.014% | $303K | $713K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.59 | +0.012% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 502.31 | −0.044% | $511K | $463K | 15x | as long as short |
| Paradex MSFT-USD-PERPshort | +0.0052% | 8h | 502.52 | −0.002% | $221 | — | 5x | |
| Hotstuff MSFT-PERP | +0.0064% | 1h | 502.38 | −0.030% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.46 | −0.014% | $1.6M | $57K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.63 | +0.020% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 502.67 | +0.028% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 502.73 | +0.040% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0112% | 1h | 502.71 | +0.036% | $1.2M | $495K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.24 | +0.141% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0752% | 4h | 502.72 | +0.038% | $102K | $244K | 10x | as long as short |
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Nado MSFT-PERP
Phoenix MSFT
BloFin MSFT-USDT
Lighter RH MSFT
QFEX MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
edgeX MSFTUSDC