Settings8H · net · $10k
Funding arb · Price arb /

MSFT

RWAall MSFT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against Bitget−0.014%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MSFTUSDT501.710get 0.0000% / 8h4m 35s$3.8M$2.3M100x
ShortOrderly PERP_MSFT_USDC_mythos501.640.0100get 0.0100% / 8h4m 35s$8K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
$21
Price spread: −0.014% → 0.000%
−$1.4
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
$1.6
Costs to cover
0.180%
Break-even
6.5 days
Slippage unknown: Bitget: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago1.69 bp7.7 bp −$811.3 bp −$11338.6 bp −$3,856doesn't fit
Sell Orderly no order-book sample
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MSFT on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MSFTUSDC−0.0978%4h501.69−0.004%$102K$243K10xas long as short
Nado MSFT-PERP−0.0021%1h501.42−0.057%$414K$64K20xas long as short
BloFin MSFT-USDT−0.0020%8h501.74+0.006%$188K$209K20xas long as short
Coinbase International MSFT-PERP-INTX−0.0016%1h501.76+0.010%$687K$449K10xas long as short
Hotstuff MSFT-PERP−0.0008%1h501.34−0.074%$32K$8K20xas long as short
Aster MSFTUSDT0.0000%8h501.77+0.011%$161K$116K20xas long as short
Extended MSFT_24_5-USD0.0000%1h501.60−0.021%$337K$387K17xas long as short
Binance MSFTUSDT0.0000%8h501.70−0.002%$15.6M$19.1M20xas long as short
OKX MSFT-USDT-SWAP0.0000%8h501.89+0.036%$3.0M$2.3M20xas long as short
Gate MSFT_USDT0.0000%8h501.45−0.052%$3.1M$1.7M100xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSFTUSDTlong0.0000%8h501.71long leg$3.8M$2.3M100x
Variational Omni MSFT0.0000%8h501.68−0.007%$1.3M$692Kas long as short
GRVT MSFT_USDT_Perp0.0000%8h501.83+0.024%$18K$295K10xas long as short
SunX MSFT-USDT0.0000%8h502.51+0.159%$6K$4.3M20xas long as short
HTX MSFT-USDT0.0000%8h501.61−0.020%$58K$228K20xas long as short
Phemex MSFTUSDT0.0000%8h501.99+0.056%$2.2M$747K10xas long as short
Bybit MSFTUSDT+0.0030%8h501.81+0.020%$7.4M$1.7M100xas long as short
Lighter RH MSFT+0.0032%1h501.58−0.026%$619K$2.1M20xas long as short
Vest MSFT-USD-PERP+0.0046%1h501.53−0.036%$1K25xas long as short
QFEX MSFT-USD+0.0049%1h501.65−0.012%$1.2M$5.9M10xas long as short
tradeXYZ xyz:MSFT+0.0050%1h501.32−0.078%$22.3M$9.4M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h501.33−0.076%$303K$678K10xas long as short
SoDEX MSFT-USD+0.0050%1h501.64−0.014%$60K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h501.22−0.098%$529K$493K15xas long as short
Paradex MSFT-USD-PERP+0.0052%8h501.62−0.018%$2215xas long as short
Deribit MSFT_USDC-PERPETUAL+0.0069%1h501.56−0.030%$27K$102K10xas long as short
Phoenix MSFT+0.0080%1h501.51−0.040%$10K$15K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h501.18−0.106%$1.5M$19K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h501.46−0.050%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythosshort+0.0100%8h501.64−0.014%$8K10x
Aevo MSFT-PERP+0.0104%1h501.66−0.010%$5510xas long as short
Lighter MSFT+0.0160%1h501.80+0.018%$1.1M$586K20xas long as short
Injective MSFT/USDC PERP+0.0220%1h502.31+0.120%$115K$45K30xas long as short
Arcus MSFT-USD+0.0286%1h501.59−0.024%$97K$109K10xas long as short