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: Aster against Bitget+0.019%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$640.642% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.019%, 7d avg +0.010%

Together, before fees+0.016%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSFTUSDT	501.79	0	get 0.0000% / 8h	2h 15m	$3.8M	$2.2M	100x
Short	Aster MSFTUSDT	501.89	0	get 0.0000% / 8h	2h 15m	$161K	$116K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → +0.010%: $0.97
Slippage, 4 orders: −$44.24
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$63.27
Costs to cover: 0.642%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Aster: 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 Bitget live order book, 2 min ago	2.59 bp	10.8 bp −$11	13.2 bp −$132	41.0 bp −$4,097	doesn't fit
Sell Aster live order book, 5 min ago	9.36 bp	14.9 bp −$15	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
Hotstuff MSFT-PERP	−0.0104%	1h	501.39	−0.080%	$32K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	501.47	−0.064%	$690K	$433K	10x	as long as short
Nado MSFT-PERP	−0.0013%	1h	501.40	−0.079%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0002%	8h	501.84	+0.010%	$188K	$210K	20x	as long as short
Aster MSFTUSDTshort	0.0000%	8h	501.89	+0.019%	$161K	$116K	20x
Extended MSFT_24_5-USD	0.0000%	1h	501.75	−0.008%	$372K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.80	+0.002%	$15.7M	$19.3M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.88	+0.018%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.64	−0.030%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.60	−0.038%	$3.1M	$1.5M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDTlong	0.0000%	8h	501.79	long leg	$3.8M	$2.2M	100x
Variational Omni MSFT	0.0000%	8h	501.73	−0.012%	$1.3M	$726K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.67	−0.024%	$18K	$328K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.58	+0.157%	$6K	$4.4M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.66	−0.026%	$59K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.03	+0.048%	$2.2M	$766K	10x	as long as short
Lighter MSFT	+0.0032%	1h	501.65	−0.028%	$1.1M	$653K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.57	−0.044%	$652K	$2.2M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.62	−0.034%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.40	−0.078%	$22.2M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.32	−0.094%	$309K	$683K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.72	−0.014%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	501.61	−0.036%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.34	−0.090%	$521K	$485K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.69	−0.020%	$1.1M	$5.7M	10x	as long as short
Phoenix MSFT	+0.0096%	1h	501.56	−0.046%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.17	−0.124%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.32	−0.094%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.64	−0.030%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.70	−0.017%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0209%	1h	501.72	−0.014%	$27K	$104K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.89	+0.020%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0292%	4h	501.73	−0.012%	$102K	$244K	10x	as long as short
Arcus MSFT-USD	+0.0531%	1h	501.58	−0.042%	$109K	$90K	10x	as long as short