Funding you earn now, next payment 21:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.018%
Price spread now: Ondo Perps against Binance−0.123%46s7-day average −0.096% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 2 days (all we have)+0.007%+$1 · spread now −0.123%, 7d avg −0.096%
=Together, before fees+0.093%+ Points / potential airdropOndo Perps: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.027% cheaper against Binance than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.096%). If the spread goes back, that is −$3 on $10k: about 43 hours of funding at the current rate (+$2 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MSFTUSDT | 502.18 | 0 | get 0.0000% / 8h | 3h 31m | $15.7M | $19.0M | 20x |
| Short | Ondo Perps MSFT-USD.P | 501.56 | 0.0050 | get 0.0006% / 1h | 31m 53s | $515K | $479K | 15x |
Binance MSFTUSDT
Ondo Perps MSFT-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Binance. 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
- $10.58
- Price spread: −0.123% → −0.096%
- −$2.72
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$7.13
- Costs to cover
- 0.150%
- Break-even
- 11.7 days
Slippage unknown: Binance: live order book, 14 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 Binance live order book, 14 min ago | 0.10 bp | 6.3 bp −$6 | 11.7 bp −$117 | 35.6 bp −$3,558 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0314% | 4h | 502.04 | −0.028% | $102K | $243K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0056% | 1h | 501.71 | −0.094% | $689K | $431K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.82 | −0.072% | $160K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.12 | −0.012% | $371K | $368K | 17x | as long as short |
| Binance MSFTUSDTlong | 0.0000% | 8h | 502.18 | long leg | $15.7M | $19.0M | 20x | |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.26 | +0.016% | $7.4M | $1.7M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.24 | +0.012% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.87 | −0.062% | $3.1M | $1.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 502.03 | −0.029% | $1.3M | $725K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.93 | −0.049% | $18K | $341K | 10x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
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 | 502.92 | +0.147% | $6K | $4.4M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.90 | −0.056% | $27K | $115K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.01 | −0.034% | $58K | $231K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.40 | +0.044% | $2.2M | $742K | 10x | as long as short |
| Nado MSFT-PERP | +0.0002% | 1h | 501.87 | −0.063% | $415K | $62K | 20x | as long as short |
| Bitget MSFTUSDT | +0.0003% | 8h | 502.10 | −0.016% | $3.9M | $2.1M | 100x | as long as short |
| BloFin MSFT-USDT | +0.0010% | 8h | 502.07 | −0.022% | $190K | $208K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0016% | 1h | 501.84 | −0.068% | $32K | $8K | 20x | as long as short |
| QFEX MSFT-USD | +0.0031% | 1h | 502.14 | −0.008% | $1.1M | $5.6M | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 502.05 | −0.026% | $659K | $2.2M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 502.04 | −0.028% | — | — | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.82 | −0.072% | $22.2M | $9.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.80 | −0.076% | $304K | $676K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.11 | −0.014% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 502.14 | −0.008% | $221 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.Pshort | +0.0050% | 1h | 501.56 | −0.123% | $515K | $479K | 15x | |
| Phoenix MSFT | +0.0064% | 1h | 501.84 | −0.068% | $11K | $15K | 20x | as long as short |
| Lighter MSFT | +0.0072% | 1h | 502.22 | +0.008% | $1.1M | $660K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.66 | −0.104% | $1.5M | $18K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.63 | −0.110% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 502.14 | −0.008% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 502.08 | −0.021% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.99 | −0.038% | $115K | $45K | 30x | as long as short |
| Arcus MSFT-USD | +0.0301% | 1h | 502.13 | −0.010% | $109K | $78K | 10x | as long as short |
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Nado MSFT-PERP
Bitget MSFTUSDT
BloFin MSFT-USDT
Hotstuff MSFT-PERP
QFEX MSFT-USD
Lighter RH MSFT
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Phoenix MSFT
Lighter MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
Arcus MSFT-USD