Settings8H · net · $10k
Funding arb · Price arb /

MSFT

RWAall MSFT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0066%/8h= +7.3% APRnext payment +$0.66 per $10,000 · paid last 24h +0.001%
Price spread now: Paradex against BloFin−0.041%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding pays, the price is against you. Paradex is 0.041% cheaper against BloFin than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.0 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MSFT-USDT502.62−0.0015get 0.0015% / 8h2h 45m$190K$204K20x
ShortParadex MSFT-USD-PERP502.410.0052get 0.0052% / 8h2h 45m$2215x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$13.96
Price spread: −0.041% → 0.000%
−$4.08
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$6.12
Costs to cover
0.160%
Break-even
10.1 days
Slippage unknown: BloFin: live order book, 35 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 35 min ago0.20 bp8.8 bp −$913.4 bp −$134doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MSFT-PERP-INTX−0.0064%1h502.41−0.042%$684K$454K10xas long as short
BloFin MSFT-USDTlong−0.0015%8h502.62long leg$190K$204K20x
Aster MSFTUSDT0.0000%8h502.59−0.006%$161K$116K20xas long as short
Extended MSFT_24_5-USD0.0000%1h502.49−0.027%$341K$1.2M17xas long as short
Binance MSFTUSDT0.0000%8h502.72+0.019%$15.8M$19.3M20xas long as short
Bybit MSFTUSDT0.0000%8h502.45−0.034%$7.2M$2.2M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h502.85+0.046%$3.0M$2.3M20xas long as short
Gate MSFT_USDT0.0000%8h502.39−0.046%$3.1M$1.7M100xas long as short
Bitget MSFTUSDT0.0000%8h502.78+0.032%$4.2M$2.9M100xas long as short
Variational Omni MSFT0.0000%8h502.53−0.018%$1.3M$479Kas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT MSFT_USDT_Perp0.0000%8h502.69+0.015%$18K$311K10xas long as short
SunX MSFT-USDT0.0000%8h503.37+0.149%$6K$3.9M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h502.29−0.066%$27K$42K10xas long as short
HTX MSFT-USDT0.0000%8h502.46−0.032%$59K$226K20xas long as short
Phemex MSFTUSDT0.0000%8h502.96+0.068%$2.2M$791K10xas long as short
Nado MSFT-PERP+0.0003%1h502.30−0.064%$411K$66K20xas long as short
Phoenix MSFT+0.0016%1h502.42−0.040%$11K$15K20xas long as short
Lighter RH MSFT+0.0032%1h502.40−0.044%$682K$2.0M20xas long as short
QFEX MSFT-USD+0.0036%1h502.57−0.010%$1.2M$4.8M10xas long as short
Hotstuff MSFT-PERP+0.0040%1h502.17−0.090%$32K$8K20xas long as short
Arcus MSFT-USD+0.0040%1h502.47−0.030%$96K$111K10xas long as short
Vest MSFT-USD-PERP+0.0046%1h502.53−0.018%$1K25xas long as short
tradeXYZ xyz:MSFT+0.0050%1h502.28−0.068%$22.2M$8.9M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h502.25−0.074%$302K$713K10xas long as short
SoDEX MSFT-USD+0.0050%1h502.42−0.040%$60K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h502.31−0.062%$511K$463K15xas long as short
Paradex MSFT-USD-PERPshort+0.0052%8h502.41−0.041%$2215x
KuCoin MSFTUSDTM+0.0100%8h502.40−0.044%$1.6M$57K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h502.19−0.086%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h502.49−0.026%$8K10xas long as short
Aevo MSFT-PERP+0.0104%1h502.48−0.029%$5510xas long as short
Lighter MSFT+0.0120%1h502.67+0.010%$1.2M$495K20xas long as short
Injective MSFT/USDC PERP+0.0220%1h503.24+0.123%$115K$45K30xas long as short
edgeX MSFTUSDC+0.0545%4h502.75+0.027%$102K$244K10xas long as short