Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0717%/8h= −78.5% APRpaid last 24h −0.077%

Price spread now: edgeX against Paradex−0.008%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on edgeX

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 days—no price history on both exchanges yet

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$22 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSFT-USD-PERP	503.13	0.0050	pay 0.0050% / 8h	3h 15m	$221	—	5x
Short	edgeX MSFTUSDC	503.09	−0.0667	pay 0.0333% / 4h	3h 15m	$102K	$244K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Paradex. 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 ParadexbpFee edgeXbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$150.58
Price spread: −0.008% → 0.000%: −$0.85
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$164.42
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 37 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 Paradex no order-book sample	—	—	—	—	—
Sell edgeX live order book, 37 min ago	5.19 bp	9.8 bp −$10	12.2 bp −$122	doesn't fit	doesn't fit

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 MSFTUSDCshort	−0.0667%	4h	503.09	−0.008%	$102K	$244K	10x
Nado MSFT-PERP	−0.0106%	1h	503.13	0.000%	$415K	$64K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	−0.0088%	1h	502.86	−0.054%	$27K	$42K	10x	as long as short
Hotstuff MSFT-PERP	−0.0040%	1h	502.83	−0.060%	$32K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	502.66	−0.093%	$680K	$451K	10x	as long as short
tradeXYZ xyz:MSFT	−0.0008%	1h	502.83	−0.060%	$22.2M	$8.8M	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.12	−0.002%	$162K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.07	−0.012%	$339K	$884K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.20	+0.015%	$15.8M	$19.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.00	−0.026%	$7.2M	$2.2M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MSFT-USDT-SWAP	0.0000%	8h	503.30	+0.034%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.89	−0.048%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.08	−0.010%	$4.4M	$2.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.14	+0.001%	$1.3M	$606K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.20	+0.014%	$19K	$301K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	503.98	+0.169%	$6K	$4.0M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.11	−0.004%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.29	+0.032%	$2.2M	$786K	10x	as long as short
BloFin MSFT-USDT	+0.0019%	8h	503.21	+0.016%	$189K	$205K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.32	+0.038%	$1.1M	$504K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.05	−0.016%	$680K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	503.07	−0.012%	$1.1M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	502.85	−0.056%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.19	+0.012%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	502.88	−0.050%	$11K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	502.83	−0.060%	$304K	$705K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.05	−0.016%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERPlong	+0.0050%	8h	503.13	long leg	$221	—	5x
Ondo Perps MSFT-USD.P	+0.0050%	1h	502.74	−0.078%	$512K	$462K	15x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.81	−0.064%	$1.6M	$55K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	502.91	−0.044%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.12	−0.002%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.15	+0.004%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.08	−0.010%	$115K	$45K	30x	as long as short