Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.004%
Price spread now: Binance against SoDEX+0.016%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs 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: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MSFT-USD | 502.17 | 0.0050 | pay 0.0006% / 1h | 39m 15s | $60K | $3K | 10x |
| Short | Binance MSFTUSDT | 502.25 | 0 | get 0.0000% / 8h | 39m 15s | $15.7M | $19.1M | 20x |
SoDEX MSFT-USD
Binance MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against SoDEX. 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
- −$10.5
- Price spread: +0.016% → 0.000%
- $1.59
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$26.91
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 2 min ago | 0.10 bp | 6.5 bp −$6 | 10.1 bp −$101 | 49.1 bp −$4,913 | doesn't fit |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MSFT-USDT | −0.0027% | 8h | 502.26 | +0.018% | $188K | $209K | 20x | as long as short |
| Nado MSFT-PERP | −0.0018% | 1h | 501.95 | −0.043% | $414K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0016% | 1h | 501.76 | −0.082% | $687K | $450K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.23 | +0.011% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.17 | 0.000% | $337K | $392K | 17x | as long as short |
| Binance MSFTUSDTshort | 0.0000% | 8h | 502.25 | +0.016% | $15.7M | $19.1M | 20x | |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.28 | +0.022% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.99 | −0.036% | $3.2M | $1.6M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 502.26 | +0.018% | $3.8M | $2.3M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 502.20 | +0.006% | $1.3M | $692K | — | as long as short |
BloFin MSFT-USDT
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.15 | −0.004% | $18K | $300K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 503.01 | +0.167% | $6K | $4.3M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.13 | −0.008% | $59K | $227K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.33 | +0.032% | $2.2M | $748K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0029% | 1h | 502.05 | −0.024% | $27K | $101K | 10x | as long as short |
| Bybit MSFTUSDT | +0.0029% | 8h | 502.32 | +0.030% | $7.4M | $1.7M | 100x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 502.13 | −0.008% | $636K | $2.1M | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0040% | 1h | 501.87 | −0.060% | $32K | $8K | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 502.13 | −0.008% | — | $1K | 25x | as long as short |
| QFEX MSFT-USD | +0.0049% | 1h | 502.13 | −0.008% | $1.1M | $5.8M | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.86 | −0.062% | $22.3M | $9.4M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.76 | −0.082% | $303K | $678K | 10x | as long as short |
| SoDEX MSFT-USDlong | +0.0050% | 1h | 502.17 | long leg | $60K | $3K | 10x | |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.91 | −0.052% | $529K | $494K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0054% | 8h | 502.19 | +0.003% | $221 | — | 5x | as long as short |
| edgeX MSFTUSDC | +0.0075% | 4h | 502.21 | +0.007% | $102K | $242K | 10x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.94 | −0.046% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.71 | −0.092% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.72 | −0.090% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 502.19 | +0.004% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 502.18 | +0.003% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0160% | 1h | 502.34 | +0.034% | $1.1M | $585K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.57 | +0.080% | $115K | $45K | 30x | as long as short |
| Arcus MSFT-USD | +0.0286% | 1h | 502.15 | −0.004% | $97K | $109K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Deribit MSFT_USDC-PERPETUAL
Bybit MSFTUSDT
Lighter RH MSFT
Hotstuff MSFT-PERP
Vest MSFT-USD-PERP
QFEX MSFT-USD
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
edgeX MSFTUSDC
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
Arcus MSFT-USD