MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.008%

Price spread now: Deribit against Ondo Perps+0.026%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.026% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MSFT-USD.P	500.90	0.0050	pay 0.0006% / 1h	13m 31s	$528K	$444K	15x
Short	Deribit MSFT_USDC-PERPETUAL	501.03	0	get 0.0000% / 1h	13m 31s	$27K	$41K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee DeribitbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$10.58
Price spread: +0.026% → 0.000%: $2.6
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$19.99
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Deribit: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Ondo Perps and Deribit: 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	−0.0330%	4h	501.40	+0.099%	$102K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	500.97	+0.014%	$677K	$456K	10x	as long as short
Nado MSFT-PERP	−0.0012%	1h	501.17	+0.053%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0004%	8h	501.52	+0.124%	$189K	$204K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.18	+0.057%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.22	+0.063%	$337K	$890K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.30	+0.080%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.01	+0.022%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.57	+0.134%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.13	+0.046%	$3.1M	$1.7M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.39	+0.098%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.46	+0.112%	$1.3M	$615K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.48	+0.116%	$19K	$302K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.21	+0.262%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUALshort	0.0000%	1h	501.03	+0.026%	$27K	$41K	10x
HTX MSFT-USDT	0.0000%	8h	501.32	+0.084%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.41	+0.102%	$2.2M	$770K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.13	+0.046%	$675K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	501.25	+0.070%	$1.2M	$5.2M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.18	+0.056%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.33	+0.086%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.13	+0.046%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.79	−0.022%	$22.0M	$8.7M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.95	+0.010%	$302K	$722K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.21	+0.062%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.Plong	+0.0050%	1h	500.90	long leg	$528K	$444K	15x
Paradex MSFT-USD-PERP	+0.0057%	8h	501.22	+0.064%	$221	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.02	+0.024%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.20	+0.060%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.18	+0.056%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.31	+0.081%	$55	—	10x	as long as short
Lighter MSFT	+0.0112%	1h	501.37	+0.094%	$1.1M	$499K	20x	as long as short
Hotstuff MSFT-PERP	+0.0176%	1h	500.99	+0.018%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.76	+0.172%	$115K	$45K	30x	as long as short