Funding you earn now, next payment 00:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.008%
Price spread now: Paradex against Ondo Perps+0.068%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 · Paradex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.068% dearer against Ondo Perps than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSFT-USD.P | 501.80 | 0.0050 | pay 0.0006% / 1h | 36m 25s | $529K | $493K | 15x |
| Short | Paradex MSFT-USD-PERP | 502.14 | 0.0053 | get 0.0053% / 8h | 36m 25s | $221 | — | 5x |
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $0.65
- Price spread: +0.068% → 0.000%
- $6.8
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$1.55
- Costs to cover
- 0.090%
- Break-even
- 23.8 days
Slippage unknown: Ondo Perps: no order-book sample; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Paradex no order-book sample | — | — | — | — | — |
Ondo Perps and 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0587% | 4h | 502.20 | +0.079% | $102K | $242K | 10x | as long as short |
| Nado MSFT-PERP | −0.0020% | 1h | 501.95 | +0.030% | $414K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0016% | 1h | 501.76 | −0.008% | $687K | $449K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0012% | 8h | 502.21 | +0.082% | $188K | $209K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.22 | +0.084% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.13 | +0.067% | $337K | $392K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.22 | +0.084% | $15.7M | $19.1M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.26 | +0.092% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.91 | +0.022% | $3.1M | $1.6M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 502.23 | +0.086% | $3.8M | $2.3M | 100x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 502.17 | +0.073% | $1.3M | $692K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.15 | +0.070% | $18K | $300K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.98 | +0.235% | $6K | $4.3M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.95 | +0.030% | $27K | $101K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.05 | +0.050% | $59K | $227K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.39 | +0.118% | $2.2M | $748K | 10x | as long as short |
| Bybit MSFTUSDT | +0.0030% | 8h | 502.24 | +0.088% | $7.4M | $1.7M | 100x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 502.11 | +0.062% | $625K | $2.1M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 502.12 | +0.064% | — | $1K | 25x | as long as short |
| QFEX MSFT-USD | +0.0049% | 1h | 502.10 | +0.060% | $1.1M | $5.8M | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.84 | +0.008% | $22.3M | $9.4M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.75 | −0.010% | $303K | $678K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.14 | +0.068% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Plong | +0.0050% | 1h | 501.80 | long leg | $529K | $493K | 15x | |
| Paradex MSFT-USD-PERPshort | +0.0053% | 8h | 502.14 | +0.068% | $221 | — | 5x | |
| Hotstuff MSFT-PERP | +0.0064% | 1h | 501.85 | +0.010% | $32K | $8K | 20x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 502.07 | +0.054% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.67 | −0.026% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.93 | +0.026% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 502.10 | +0.060% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 502.15 | +0.070% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0160% | 1h | 502.32 | +0.104% | $1.1M | $585K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.57 | +0.153% | $115K | $45K | 30x | as long as short |
| Arcus MSFT-USD | +0.0286% | 1h | 502.10 | +0.060% | $97K | $109K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Bybit MSFTUSDT
Lighter RH MSFT
Vest MSFT-USD-PERP
QFEX MSFT-USD
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Hotstuff MSFT-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
Arcus MSFT-USD