MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.47 per $10,000 · paid last 24h +0.014%

Price spread now: KuCoin against Paradex−0.121%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 KuCoin

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 · farm boardneeds both histories

Funding pays, the price is against you. KuCoin is 0.121% cheaper against Paradex than usual: you would sell low and buy high (spread −0.121% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 8.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSFT-USD-PERP	501.34	0.0053	pay 0.0053% / 8h	3h 40m	$221	—	5x
Short	KuCoin MSFTUSDTM	500.73	0.0100	get 0.0100% / 8h	3h 40m	$1.6M	$52K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.121%Rate

Funding earned: $9.86
Price spread: −0.121% → 0.000%: −$12.09
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$18.23
Costs to cover: 0.160%
Break-even: 19.9 days

Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	5.29 bp	213.1 bp −$213	doesn't fit	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 MSFTUSDC	−0.0760%	4h	501.36	+0.004%	$102K	$242K	10x	as long as short
Nado MSFT-PERP	−0.0110%	1h	501.30	−0.007%	$414K	$64K	20x	as long as short
Hotstuff MSFT-PERP	−0.0048%	1h	501.01	−0.065%	$32K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	500.97	−0.073%	$677K	$450K	10x	as long as short
tradeXYZ xyz:MSFT	−0.0006%	1h	500.99	−0.069%	$22.1M	$8.7M	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.30	−0.008%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.31	−0.006%	$337K	$883K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.46	+0.025%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.13	−0.041%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.54	+0.041%	$3.0M	$2.3M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MSFT_USDT	0.0000%	8h	501.24	−0.019%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.31	−0.005%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.36	+0.004%	$1.3M	$607K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.39	+0.011%	$18K	$298K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.20	+0.172%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.26	−0.015%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.35	+0.003%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.44	+0.021%	$2.2M	$770K	10x	as long as short
BloFin MSFT-USDT	+0.0016%	8h	501.45	+0.023%	$189K	$204K	20x	as long as short
Lighter MSFT	+0.0032%	1h	501.44	+0.021%	$1.1M	$503K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.17	−0.033%	$676K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	501.32	−0.003%	$1.1M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.13	−0.041%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.34	+0.001%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.07	−0.053%	$10K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.08	−0.051%	$302K	$697K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.24	−0.019%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.01	−0.065%	$518K	$452K	15x	as long as short
Paradex MSFT-USD-PERPlong	+0.0053%	8h	501.34	long leg	$221	—	5x
KuCoin MSFTUSDTMshort	+0.0100%	8h	500.73	−0.121%	$1.6M	$52K	20x
ApeX Omni MSFTUSDT	+0.0100%	1h	500.94	−0.079%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.34	+0.001%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.36	+0.004%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.47	+0.027%	$115K	$45K	30x	as long as short