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 +0.003%

Price spread now: Variational Omni against Aster−0.004%7-day average −0.013% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.004%, 7d avg −0.013%

Together, before fees+0.045%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MSFTUSDT	502.08	0	get 0.0000% / 8h	30m 58s	$161K	$116K	20x
Short	Variational Omni MSFT	502.06	0	get 0.0000% / 8h	30m 58s	$1.3M	$692K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → −0.013%: $0.82
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.18
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 45 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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	9.26 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.53 bp	doesn't fit	9.1 bp −$91	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
edgeX MSFTUSDC	−0.0513%	4h	502.04	−0.008%	$102K	$243K	10x	as long as short
Nado MSFT-PERP	−0.0020%	1h	501.85	−0.046%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.76	−0.065%	$687K	$449K	10x	as long as short
Aster MSFTUSDTlong	0.0000%	8h	502.08	long leg	$161K	$116K	20x
Extended MSFT_24_5-USD	0.0000%	1h	501.97	−0.023%	$337K	$392K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.04	−0.009%	$15.7M	$19.0M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.26	+0.035%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.84	−0.049%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.08	−0.001%	$3.8M	$2.3M	100x	as long as short
Variational Omni MSFTshort	0.0000%	8h	502.06	−0.004%	$1.3M	$692K	—

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	502.13	+0.008%	$18K	$298K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.86	+0.154%	$6K	$4.3M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.76	−0.065%	$27K	$101K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.95	−0.027%	$59K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.16	+0.015%	$2.2M	$747K	10x	as long as short
BloFin MSFT-USDT	+0.0005%	8h	502.08	−0.001%	$188K	$209K	20x	as long as short
Bybit MSFTUSDT	+0.0031%	8h	502.07	−0.003%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.91	−0.035%	$622K	$2.1M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.96	−0.025%	—	$1K	25x	as long as short
QFEX MSFT-USD	+0.0049%	1h	502.10	+0.003%	$1.2M	$5.8M	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.65	−0.087%	$22.3M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.64	−0.089%	$303K	$678K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.00	−0.017%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.71	−0.075%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0053%	8h	502.04	−0.010%	$221	—	5x	as long as short
Hotstuff MSFT-PERP	+0.0064%	1h	501.74	−0.069%	$32K	$8K	20x	as long as short
Phoenix MSFT	+0.0080%	1h	501.88	−0.041%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.57	−0.103%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.67	−0.083%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.95	−0.027%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.98	−0.020%	$55	—	10x	as long as short
Lighter MSFT	+0.0168%	1h	502.16	+0.015%	$1.1M	$585K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.37	+0.057%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0286%	1h	501.96	−0.025%	$97K	$109K	10x	as long as short