Funding you earn now, next payment 05:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h −0.001%
Price spread now: BloFin against Ondo Perps+0.115%7-day average +0.108% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.075%−$8 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.115%, 7d avg +0.108%
=Together, before fees−0.056%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.108%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSFT-USD.P | 503.25 | 0.0050 | pay 0.0006% / 1h | 6m 52s | $512K | $459K | 15x |
| Short | BloFin MSFT-USDT | 503.83 | −0.0023 | pay 0.0023% / 8h | 3h 06m | $189K | $205K | 20x |
Ondo Perps MSFT-USD.P
BloFin MSFT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Ondo Perps. 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
- −$15.41
- Price spread: +0.115% → +0.108%
- $0.75
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$31.67
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; BloFin: live order book, 14 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 14 min ago | 0.20 bp | 8.0 bp −$8 | 10.9 bp −$109 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.0112% | 1h | 503.30 | +0.010% | $32K | $8K | 20x | as long as short |
| Nado MSFT-PERP | −0.0102% | 1h | 503.53 | +0.056% | $414K | $65K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 503.14 | −0.022% | $681K | $452K | 10x | as long as short |
| BloFin MSFT-USDTshort | −0.0023% | 8h | 503.83 | +0.115% | $189K | $205K | 20x | |
| Aster MSFTUSDT | 0.0000% | 8h | 503.57 | +0.064% | $162K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.72 | +0.094% | $339K | $885K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.85 | +0.120% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.58 | +0.066% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.83 | +0.115% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.58 | +0.066% | $3.1M | $1.8M | 100x | as long as short |
Hotstuff MSFT-PERP
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
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 | 503.77 | +0.103% | $4.4M | $2.6M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 502.85 | −0.080% | $1.3M | $490K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.55 | +0.059% | $18K | $300K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.51 | +0.250% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.58 | +0.066% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.63 | +0.076% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.83 | +0.115% | $2.2M | $781K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0012% | 1h | 503.41 | +0.032% | $22.3M | $8.8M | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.76 | +0.101% | $1.1M | $514K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.53 | +0.056% | $680K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 503.64 | +0.077% | $1.1M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.19 | −0.012% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.58 | +0.066% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 503.14 | −0.022% | $11K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.27 | +0.004% | $304K | $712K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.62 | +0.074% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Plong | +0.0050% | 1h | 503.25 | long leg | $512K | $459K | 15x | |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 503.63 | +0.076% | $222 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.24 | −0.002% | $1.6M | $56K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.14 | −0.022% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.64 | +0.077% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.66 | +0.081% | $55 | — | 10x | as long as short |
| edgeX MSFTUSDC | +0.0208% | 4h | 503.56 | +0.062% | $102K | $243K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.08 | −0.034% | $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
tradeXYZ xyz:MSFT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix 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
edgeX MSFTUSDC
Injective MSFT/USDC PERP