Funding arb · Price arb /

MSFT

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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 0.000%

Price spread now: SunX against Aster+0.220%7-day average +0.151% · you sell dearer than you buy

Net, funding: paid 7d − costs−$262as in the Funding arb table

Net, price: spread back to 7d avg − costs−$253as in the Price arb table

costs, in and out, $10k−$2602.599% of the position

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.220%, 7d avg +0.151%

Together, before fees−0.048%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.069% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.151%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MSFTUSDT	503.33	0	get 0.0000% / 8h	42m 08s	$162K	$114K	20x
Short	SunX MSFT-USDT	504.44	0	get 0.0000% / 8h	42m 08s	$6K	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.220%Rate

Funding earned: $0
Price spread: +0.220% → +0.151%: $6.85
Slippage, 4 orders: −$243.86
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$253
Costs to cover: 2.599%
Break-even: never at this rate

Slippage from Aster: live order book, 59 min ago; SunX: live order book, 6 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, 59 min ago	9.72 bp	21.7 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	29.14 bp	104.0 bp −$104	doesn't fit	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	−0.0034%	1h	503.34	+0.001%	$414K	$67K	20x	as long as short
Aster MSFTUSDTlong	0.0000%	8h	503.33	long leg	$162K	$114K	20x
Extended MSFT_24_5-USD	0.0000%	1h	503.54	+0.042%	$338K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.68	+0.070%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.39	+0.011%	$7.3M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.80	+0.093%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.41	+0.015%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.64	+0.061%	$3.8M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.40	+0.013%	$1.3M	$414K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.62	+0.057%	$19K	$326K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDTshort	0.0000%	8h	504.44	+0.220%	$6K	$3.8M	20x
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.34	+0.001%	$27K	$44K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	502.97	−0.072%	$682K	$454K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.59	+0.051%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.80	+0.093%	$2.2M	$820K	10x	as long as short
BloFin MSFT-USDT	+0.0027%	8h	503.68	+0.069%	$191K	$206K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.52	+0.037%	$1.2M	$522K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.39	+0.011%	$698K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.53	+0.039%	$1.2M	$4.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.31	−0.005%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.62	+0.057%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.15	−0.036%	$22.4M	$8.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.26	−0.015%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.47	+0.027%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.06	−0.054%	$512K	$428K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	503.49	+0.030%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.31	−0.005%	$11K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0096%	1h	503.13	−0.040%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.03	−0.060%	$1.6M	$62K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.27	−0.013%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.45	+0.023%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.48	+0.030%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.82	+0.295%	$116K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0666%	4h	503.46	+0.025%	$102K	$244K	10x	as long as short