Funding you earn now, next payment 08:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.58 per $10,000 · paid last 24h −0.012%
Price spread now: Variational Omni against Paradex+0.025%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 airdropParadex: Active · Variational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. Variational Omni is 0.025% dearer against Paradex than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSFT-USD-PERP | 503.97 | 0.0058 | pay 0.0058% / 8h | 2h 01m | $222 | — | 5x |
| Short | Variational Omni MSFT | 504.10 | 0 | get 0.0000% / 8h | 2h 01m | $1.3M | $499K | — |
Paradex MSFT-USD-PERP
Variational Omni MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Paradex. 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
- −$12.23
- Price spread: +0.025% → 0.000%
- $2.49
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$13.74
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago | 2.53 bp | doesn't fit | 15.5 bp −$155 | 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 | −0.0418% | 4h | 504.10 | +0.026% | $103K | $243K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.0064% | 1h | 503.68 | −0.058% | $32K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 503.75 | −0.044% | $683K | $494K | 10x | as long as short |
| Nado MSFT-PERP | −0.0012% | 1h | 503.79 | −0.036% | $415K | $67K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.79 | −0.037% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.94 | −0.007% | $341K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.12 | +0.029% | $15.8M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.86 | −0.022% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.10 | +0.026% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.83 | −0.028% | $3.1M | $1.8M | 100x | as long as short |
edgeX MSFTUSDC
Hotstuff MSFT-PERP
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 504.14 | +0.033% | $3.8M | $3.0M | 100x | as long as short |
| Variational Omni MSFTshort | 0.0000% | 8h | 504.10 | +0.025% | $1.3M | $499K | — | |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.25 | +0.056% | $18K | $324K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.91 | +0.186% | $6K | $3.9M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.98 | +0.002% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.32 | +0.069% | $2.2M | $815K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.97 | 0.000% | $11K | $15K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0017% | 8h | 504.17 | +0.039% | $188K | $207K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0028% | 1h | 503.83 | −0.028% | $27K | $43K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.92 | −0.010% | $711K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 504.08 | +0.022% | $1.1M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.89 | −0.016% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.01 | +0.008% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.68 | −0.058% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.78 | −0.038% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.89 | −0.016% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.68 | −0.058% | $522K | $476K | 15x | as long as short |
| Paradex MSFT-USD-PERPlong | +0.0058% | 8h | 503.97 | long leg | $222 | — | 5x | |
| Lighter MSFT | +0.0096% | 1h | 504.12 | +0.029% | $1.2M | $516K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.60 | −0.074% | $1.6M | $57K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.77 | −0.040% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.01 | +0.008% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.02 | +0.011% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.48 | +0.101% | $116K | $45K | 30x | as long as short |
Bitget MSFTUSDT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
BloFin MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Lighter MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP