Funding arb · Price arb /

MSFT

RWAall MSFT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0779%/8h= −85.3% APRpaid last 24h +0.019%

Price spread now: edgeX against ApeX Omni+0.062%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.062%, 7d avg +0.071%

Together, before fees−0.087%+ Points / potential airdropedgeX: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.043% in total (about -2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSFTUSDT	501.24	0.0100	pay 0.0013% / 1h	21m 12s	$160K	$7K	50x
Short	edgeX MSFTUSDC	501.55	−0.0679	pay 0.0339% / 4h	2h 21m	$102K	$242K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against ApeX Omni. 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 ApeX OmnibpFee edgeXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$163.54
Price spread: +0.062% → +0.071%: −$0.96
Slippage, 4 orders: −$20.87
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$204.36
Costs to cover: 0.399%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 45 min ago; edgeX: live order book, 46 min ago.

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 ApeX Omni live order book, 45 min ago	5.09 bp	10.1 bp −$10	61.3 bp −$613	doesn't fit	doesn't fit
Sell edgeX live order book, 46 min ago	5.19 bp	9.9 bp −$10	12.1 bp −$121	doesn't fit	doesn't fit

MSFT on 33 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 MSFTUSDCshort	−0.0679%	4h	501.55	+0.062%	$102K	$242K	10x
Hotstuff MSFT-PERP	−0.0016%	1h	501.34	+0.020%	$32K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.22	−0.004%	$679K	$457K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.76	+0.104%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.63	+0.078%	$337K	$899K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.77	+0.106%	$15.6M	$18.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.68	+0.088%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.91	+0.134%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.55	+0.062%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.66	+0.084%	$4.5M	$2.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.54	+0.059%	$1.3M	$682K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.56	+0.064%	$19K	$295K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.53	+0.257%	$6K	$4.1M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.67	+0.086%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.77	+0.106%	$2.2M	$766K	10x	as long as short
Nado MSFT-PERP	+0.0008%	1h	501.59	+0.070%	$414K	$64K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.58	+0.068%	$620K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	501.64	+0.080%	$1.1M	$5.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.44	+0.040%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.62	+0.076%	—	$1K	25x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0049%	1h	501.66	+0.084%	$27K	$41K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.38	+0.028%	$22.1M	$9.3M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.32	+0.016%	$303K	$671K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.66	+0.084%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.29	+0.010%	$522K	$518K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	501.69	+0.089%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.33	+0.018%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.38	+0.028%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDTlong	+0.0100%	1h	501.24	long leg	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.69	+0.090%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.66	+0.083%	$55	—	10x	as long as short
Lighter MSFT	+0.0176%	1h	501.87	+0.126%	$1.1M	$489K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.78	+0.108%	$115K	$45K	30x	as long as short