MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.52 per $10,000 · paid last 24h +0.016%

Price spread now: Paradex against Phemex−0.073%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Paradex

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. Paradex is 0.073% cheaper against Phemex than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex MSFTUSDT	502.96	0	get 0.0000% / 8h	2h 44m	$2.2M	$791K	10x
Short	Paradex MSFT-USD-PERP	502.59	0.0052	get 0.0052% / 8h	2h 44m	$221	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Phemex. 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 PhemexbpFee ParadexbpOrdersPrice spread, now −0.073%Rate

Funding earned: $10.92
Price spread: −0.073% → 0.000%: −$7.32
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$12.4
Costs to cover: 0.160%
Break-even: 14.9 days

Slippage unknown: Phemex: live order book, 4 min ago; 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 Phemex live order book, 4 min ago	0.20 bp	29.9 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	502.41	−0.109%	$684K	$454K	10x	as long as short
BloFin MSFT-USDT	−0.0015%	8h	502.62	−0.068%	$190K	$204K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.59	−0.074%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.62	−0.068%	$341K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.75	−0.042%	$15.8M	$19.3M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	502.45	−0.101%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.65	−0.062%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.49	−0.093%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.78	−0.036%	$3.8M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.53	−0.086%	$1.3M	$479K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	502.69	−0.053%	$18K	$311K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	503.55	+0.117%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	502.51	−0.089%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.59	−0.074%	$59K	$226K	20x	as long as short
Phemex MSFTUSDTlong	0.0000%	8h	502.96	long leg	$2.2M	$791K	10x
Nado MSFT-PERP	+0.0004%	1h	502.42	−0.107%	$412K	$66K	20x	as long as short
Phoenix MSFT	+0.0016%	1h	502.42	−0.107%	$11K	$15K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.52	−0.087%	$685K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	502.57	−0.078%	$1.1M	$4.8M	10x	as long as short
Hotstuff MSFT-PERP	+0.0040%	1h	502.26	−0.139%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	502.46	−0.099%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.58	−0.076%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	502.28	−0.135%	$22.2M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	502.39	−0.113%	$303K	$713K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.51	−0.089%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	502.33	−0.125%	$511K	$468K	15x	as long as short
Paradex MSFT-USD-PERPshort	+0.0052%	8h	502.59	−0.073%	$221	—	5x
KuCoin MSFTUSDTM	+0.0100%	8h	502.46	−0.099%	$1.6M	$57K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	502.19	−0.153%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.55	−0.082%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.64	−0.064%	$55	—	10x	as long as short
Lighter MSFT	+0.0128%	1h	502.80	−0.032%	$1.2M	$506K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.24	+0.056%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0545%	4h	502.75	−0.041%	$102K	$244K	10x	as long as short