Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.007%
Price spread now: Extended against Ondo Perps+0.069%7-day average +0.071% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now +0.069%, 7d avg +0.071%
=Together, before fees−0.007%+ Points / potential airdropOndo Perps: Active · Extended: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.071%, 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 | 500.63 | 0.0050 | pay 0.0006% / 1h | 4m 18s | $515K | $494K | 15x |
| Short | Extended MSFT_24_5-USD | 500.97 | 0 | get 0.0000% / 1h | 4m 18s | $337K | $888K | 17x |
Ondo Perps MSFT-USD.P
Extended MSFT_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$10.58
- Price spread: +0.069% → +0.071%
- −$0.24
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$20.82
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Extended: live order book, 59 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 Extended live order book, 59 min ago | 0.10 bp | 5.2 bp −$5 | 39.0 bp −$390 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 500.97 | +0.068% | $678K | $458K | 10x | as long as short |
| Nado MSFT-PERP | −0.0034% | 1h | 500.79 | +0.032% | $413K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.19 | +0.112% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USDshort | 0.0000% | 1h | 500.97 | +0.069% | $337K | $888K | 17x | |
| Binance MSFTUSDT | 0.0000% | 8h | 501.13 | +0.100% | $15.7M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 500.83 | +0.040% | $7.2M | $2.1M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.18 | +0.110% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 500.99 | +0.072% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.10 | +0.094% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 500.98 | +0.069% | $1.3M | $647K | — | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.19 | +0.111% | $18K | $299K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 501.89 | +0.252% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 500.76 | +0.026% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 500.94 | +0.062% | $58K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.29 | +0.132% | $2.2M | $774K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0002% | 8h | 501.15 | +0.104% | $189K | $204K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0024% | 1h | 500.72 | +0.018% | $32K | $8K | 20x | as long as short |
| QFEX MSFT-USD | +0.0030% | 1h | 501.06 | +0.086% | $1.1M | $5.6M | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 500.86 | +0.046% | $682K | $2.0M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 500.85 | +0.044% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 500.98 | +0.070% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 500.72 | +0.018% | $22.1M | $8.8M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.73 | +0.020% | $301K | $648K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 500.97 | +0.068% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Plong | +0.0050% | 1h | 500.63 | long leg | $515K | $494K | 15x | |
| Paradex MSFT-USD-PERP | +0.0056% | 8h | 500.99 | +0.073% | $220 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 500.87 | +0.048% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.93 | +0.060% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.85 | +0.044% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 500.99 | +0.072% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 500.95 | +0.065% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0168% | 1h | 501.15 | +0.104% | $1.1M | $479K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.73 | +0.220% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0432% | 4h | 501.04 | +0.081% | $102K | $243K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Hotstuff MSFT-PERP
QFEX MSFT-USD
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
edgeX MSFTUSDC