Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Aster−0.056%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$730.727% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now −0.056%, 7d avg −0.051%

Together, before fees+0.006%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MSFTUSDT	502.12	0	get 0.0000% / 8h	33m 17s	$161K	$116K	20x
Short	Gate MSFT_USDT	501.84	0	get 0.0000% / 8h	33m 17s	$3.1M	$1.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.051%: −$0.58
Slippage, 4 orders: −$49.71
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.29
Costs to cover: 0.727%
Break-even: never at this rate

Slippage from Aster: live order book, 43 min ago; Gate: live order book, 5 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, 43 min ago	9.26 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	4.08 bp	12.8 bp −$13	46.8 bp −$468	doesn't fit	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
Nado MSFT-PERP	−0.0019%	1h	501.79	−0.066%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0017%	8h	502.13	+0.001%	$188K	$209K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.76	−0.072%	$687K	$449K	10x	as long as short
Aster MSFTUSDTlong	0.0000%	8h	502.12	long leg	$161K	$116K	20x
Extended MSFT_24_5-USD	0.0000%	1h	502.00	−0.025%	$337K	$392K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.09	−0.007%	$15.7M	$19.1M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.27	+0.029%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDTshort	0.0000%	8h	501.84	−0.056%	$3.1M	$1.7M	100x
Bitget MSFTUSDT	0.0000%	8h	502.07	−0.011%	$3.8M	$2.3M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.17	+0.009%	$1.3M	$692K	—	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	502.15	+0.006%	$18K	$298K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.85	+0.145%	$6K	$4.3M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.75	−0.074%	$27K	$101K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.98	−0.029%	$59K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.16	+0.007%	$2.2M	$748K	10x	as long as short
Hotstuff MSFT-PERP	+0.0008%	1h	501.71	−0.082%	$32K	$8K	20x	as long as short
Bybit MSFTUSDT	+0.0031%	8h	502.18	+0.011%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.97	−0.031%	$623K	$2.1M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.94	−0.036%	—	$1K	25x	as long as short
QFEX MSFT-USD	+0.0049%	1h	502.09	−0.007%	$1.2M	$5.8M	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.74	−0.076%	$22.3M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.65	−0.094%	$303K	$678K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.01	−0.023%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.71	−0.082%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0053%	8h	502.00	−0.025%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.88	−0.048%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.56	−0.112%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.88	−0.048%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.00	−0.025%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.04	−0.016%	$55	—	10x	as long as short
Lighter MSFT	+0.0160%	1h	502.27	+0.029%	$1.1M	$585K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.37	+0.049%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0286%	1h	501.97	−0.031%	$97K	$109K	10x	as long as short
edgeX MSFTUSDC	+0.0312%	4h	502.16	+0.006%	$102K	$243K	10x	as long as short