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: GRVT against Bitget−0.006%103s7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.358% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now −0.006%, 7d avg −0.006%

Together, before fees−0.018%+ Points / potential airdropGRVT: Active · 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	501.55	0	get 0.0000% / 8h	7h 15m	$3.8M	$2.1M	100x
Short	GRVT MSFT_USDT_Perp	501.52	0	get 0.0000% / 8h	7h 15m	$19K	$290K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.006%: −$0.04
Slippage, 4 orders: −$14.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$35.8
Costs to cover: 0.358%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; GRVT: live order book, 57 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	1.70 bp	9.7 bp −$10	12.1 bp −$121	44.0 bp −$4,403	doesn't fit
Sell GRVT live order book, 57 min ago	1.10 bp	6.9 bp −$7	11.8 bp −$118	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	−0.0969%	4h	501.47	−0.016%	$102K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.24	−0.062%	$685K	$453K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.50	−0.011%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.38	−0.033%	$337K	$900K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.48	−0.014%	$15.7M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.31	−0.048%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.44	−0.022%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.32	−0.046%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDTlong	0.0000%	8h	501.55	long leg	$3.8M	$2.1M	100x
Variational Omni MSFT	0.0000%	8h	501.45	−0.020%	$1.3M	$690K	—	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_Perpshort	0.0000%	8h	501.52	−0.006%	$19K	$290K	10x
SunX MSFT-USDT	0.0000%	8h	502.30	+0.150%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.12	−0.086%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.45	−0.020%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.09	+0.108%	$2.2M	$761K	10x	as long as short
BloFin MSFT-USDT	+0.0011%	8h	501.48	−0.014%	$188K	$205K	20x	as long as short
Nado MSFT-PERP	+0.0014%	1h	501.11	−0.088%	$414K	$64K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.28	−0.054%	$619K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	501.39	−0.032%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.30	−0.050%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.96	−0.118%	$22.2M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.99	−0.112%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.35	−0.040%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.99	−0.112%	$514K	$503K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.36	−0.037%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.11	−0.088%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.25	−0.060%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.95	−0.120%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.35	−0.040%	$8K	—	10x	as long as short
Lighter MSFT	+0.0104%	1h	501.49	−0.012%	$1.1M	$486K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.37	−0.036%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0200%	1h	501.18	−0.074%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.34	−0.042%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.82	+0.054%	$115K	$45K	30x	as long as short