Funding arb · Price arb /

MSFT

RWAall MSFT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: Binance against Aster−0.009%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.009%, 7d avg −0.003%

Together, before fees+0.084%+ Points / potential airdropAster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MSFTUSDT	501.43	0	get 0.0000% / 8h	5h 16m	$161K	$116K	20x
Short	Binance MSFTUSDT	501.39	0	get 0.0000% / 8h	5h 16m	$15.7M	$19.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. 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 AsterbpFee BinancebpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.003%: −$0.63
Slippage, 4 orders: −$41.09
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$59.72
Costs to cover: 0.591%
Break-even: never at this rate

Slippage from Aster: live order book, 45 min ago; Binance: live order book, 10 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 Aster live order book, 45 min ago	10.36 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.10 bp	6.5 bp −$7	11.9 bp −$119	42.4 bp −$4,235	doesn't fit

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	−0.0293%	4h	501.33	−0.021%	$102K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	500.91	−0.105%	$678K	$457K	10x	as long as short
Nado MSFT-PERP	−0.0033%	1h	501.13	−0.061%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0024%	8h	501.46	+0.005%	$190K	$204K	20x	as long as short
Aster MSFTUSDTlong	0.0000%	8h	501.43	long leg	$161K	$116K	20x
Extended MSFT_24_5-USD	0.0000%	1h	501.26	−0.035%	$337K	$892K	17x	as long as short
Binance MSFTUSDTshort	0.0000%	8h	501.39	−0.009%	$15.7M	$19.0M	20x
Bybit MSFTUSDT	0.0000%	8h	501.14	−0.059%	$7.2M	$1.9M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.54	+0.021%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.24	−0.039%	$3.1M	$1.7M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.45	+0.003%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.32	−0.023%	$1.3M	$650K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.39	−0.009%	$18K	$299K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.17	+0.147%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	500.99	−0.089%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.21	−0.045%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.81	+0.075%	$2.2M	$771K	10x	as long as short
QFEX MSFT-USD	+0.0030%	1h	501.24	−0.039%	$1.1M	$5.6M	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.20	−0.047%	$684K	$2.0M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.14	−0.059%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.36	−0.015%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.05	−0.077%	$22.1M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.06	−0.075%	$302K	$648K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.25	−0.037%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.00	−0.087%	$516K	$494K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	501.30	−0.028%	$221	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	501.11	−0.065%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.25	−0.037%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.86	−0.114%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.29	−0.029%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.29	−0.028%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0120%	1h	501.01	−0.085%	$32K	$8K	20x	as long as short
Lighter MSFT	+0.0184%	1h	501.55	+0.023%	$1.1M	$459K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.86	+0.085%	$115K	$45K	30x	as long as short