Settings8H · net · $10k
Funding arb · Price arb /

MSFT

RWAall MSFT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%
Price spread now: HTX against Aevo+0.012%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds 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: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo MSFT-PERP501.730.0104pay 0.0013% / 1h31m 52s$5510x
ShortHTX MSFT-USDT501.790get 0.0000% / 8h7h 31m$59K$227K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Aevo. 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

Funding earned
−$21.84
Price spread: +0.012% → 0.000%
$1.16
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee HTX: 6 bp × 2 orders
−$12
Net
−$48.68
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; HTX: live order book, 40 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell HTX live order book, 40 min ago2.69 bp8.7 bp −$912.3 bp −$123doesn't fitdoesn't fit
Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MSFT-PERP-INTX−0.0008%1h501.13−0.120%$679K$456K10xas long as short
Nado MSFT-PERP−0.0001%1h501.66−0.014%$414K$64K20xas long as short
BloFin MSFT-USDT−0.0001%8h501.60−0.026%$188K$205K20xas long as short
Aster MSFTUSDT0.0000%8h501.83+0.019%$161K$116K20xas long as short
Extended MSFT_24_5-USD0.0000%1h501.81+0.015%$337K$1.0M17xas long as short
Binance MSFTUSDT0.0000%8h501.91+0.036%$15.7M$18.7M20xas long as short
Bybit MSFTUSDT0.0000%8h501.76+0.006%$7.4M$1.6M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h501.82+0.018%$3.0M$2.3M20xas long as short
Gate MSFT_USDT0.0000%8h501.66−0.014%$3.1M$1.6M100xas long as short
Bitget MSFTUSDT0.0000%8h501.82+0.018%$3.8M$2.2M100xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MSFT0.0000%8h501.74+0.002%$1.3M$690Kas long as short
GRVT MSFT_USDT_Perp0.0000%8h501.60−0.026%$19K$294K10xas long as short
SunX MSFT-USDT0.0000%8h502.67+0.187%$6K$4.2M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h501.62−0.022%$27K$41K10xas long as short
HTX MSFT-USDTshort0.0000%8h501.79+0.012%$59K$227K20x
Phemex MSFTUSDT0.0000%8h502.40+0.133%$2.2M$758K10xas long as short
Lighter RH MSFT+0.0032%1h501.76+0.006%$619K$2.0M20xas long as short
QFEX MSFT-USD+0.0044%1h501.75+0.004%$1.1M$5.9M10xas long as short
Vest MSFT-USD-PERP+0.0046%1h501.72−0.002%$1K25xas long as short
tradeXYZ xyz:MSFT+0.0050%1h501.57−0.032%$22.3M$9.1M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h501.53−0.040%$303K$674K10xas long as short
SoDEX MSFT-USD+0.0050%1h501.80+0.014%$60K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h501.39−0.068%$527K$488K15xas long as short
Paradex MSFT-USD-PERP+0.0051%8h501.78+0.011%$2215xas long as short
Phoenix MSFT+0.0080%1h501.66−0.014%$10K$15K20xas long as short
Hotstuff MSFT-PERP+0.0080%1h501.51−0.044%$32K$8K20xas long as short
Lighter MSFT+0.0088%1h501.99+0.051%$1.1M$486K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h501.78+0.010%$1.5M$19K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h501.19−0.108%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h501.76+0.006%$8K10xas long as short
Aevo MSFT-PERPlong+0.0104%1h501.73long leg$5510x
Arcus MSFT-USD+0.0212%1h501.51−0.044%$97K$109K10xas long as short
Injective MSFT/USDC PERP+0.0220%1h502.00+0.053%$115K$45K30xas long as short
edgeX MSFTUSDC+0.0365%4h501.58−0.030%$102K$243K10xas long as short