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 −0.011%

Price spread now: Gate against Binance−0.039%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$420.425% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.039%, 7d avg −0.035%

Together, before fees+0.048%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSFTUSDT	503.51	0	get 0.0000% / 8h	47m 05s	$15.8M	$19.1M	20x
Short	Gate MSFT_USDT	503.31	0	get 0.0000% / 8h	47m 05s	$3.1M	$1.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.035%: −$0.45
Slippage, 4 orders: −$17.47
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42.92
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Gate: live order book, 1 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 Binance live order book, 9 min ago	0.40 bp	7.0 bp −$7	13.5 bp −$135	75.4 bp −$7,538	doesn't fit
Sell Gate live order book, 1 min ago	2.09 bp	18.7 bp −$19	61.6 bp −$616	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	−0.0029%	1h	503.19	−0.063%	$414K	$67K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.22	−0.056%	$161K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.37	−0.027%	$343K	$1.8M	17x	as long as short
Binance MSFTUSDTlong	0.0000%	8h	503.51	long leg	$15.8M	$19.1M	20x
Bybit MSFTUSDT	0.0000%	8h	503.28	−0.045%	$7.3M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.77	+0.052%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDTshort	0.0000%	8h	503.31	−0.039%	$3.1M	$1.8M	100x
Bitget MSFTUSDT	0.0000%	8h	503.60	+0.019%	$3.8M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.45	−0.012%	$1.3M	$414K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.43	−0.015%	$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-USDT	0.0000%	8h	504.25	+0.148%	$6K	$3.8M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.22	−0.057%	$27K	$44K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	502.97	−0.107%	$682K	$455K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.42	−0.017%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.68	+0.034%	$2.2M	$821K	10x	as long as short
BloFin MSFT-USDT	+0.0010%	8h	503.57	+0.013%	$191K	$206K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.38	−0.025%	$1.2M	$522K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.27	−0.047%	$696K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.45	−0.011%	$1.2M	$4.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.32	−0.037%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.54	+0.007%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.16	−0.069%	$22.4M	$8.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.18	−0.065%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.30	−0.041%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.08	−0.085%	$512K	$428K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	503.38	−0.026%	$221	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.33	−0.035%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.98	−0.105%	$1.6M	$62K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.11	−0.079%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.39	−0.023%	$8K	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0104%	1h	503.17	−0.067%	$32K	$8K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.41	−0.019%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.82	+0.062%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0417%	4h	503.41	−0.020%	$102K	$243K	10x	as long as short