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 Gate+0.048%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$670.667% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.048%, 7d avg +0.051%

Together, before fees+0.003%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MSFT_USDT	501.62	0	get 0.0000% / 8h	9m 36s	$3.1M	$1.7M	100x
Short	Aster MSFTUSDT	501.86	0	get 0.0000% / 8h	9m 36s	$161K	$116K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → +0.051%: −$0.26
Slippage, 4 orders: −$43.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$66.94
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Aster: live order book, 2 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 Gate live order book, 3 min ago	3.39 bp	15.1 bp −$15	34.7 bp −$347	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	11.45 bp	16.7 bp −$17	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
edgeX MSFTUSDC	−0.0382%	4h	501.78	+0.032%	$102K	$242K	10x	as long as short
Nado MSFT-PERP	−0.0025%	1h	501.52	−0.020%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.76	+0.028%	$687K	$449K	10x	as long as short
Aster MSFTUSDTshort	0.0000%	8h	501.86	+0.048%	$161K	$116K	20x
Extended MSFT_24_5-USD	0.0000%	1h	501.72	+0.020%	$337K	$387K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.81	+0.038%	$15.7M	$19.1M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.00	+0.076%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDTlong	0.0000%	8h	501.62	long leg	$3.1M	$1.7M	100x
Bitget MSFTUSDT	0.0000%	8h	501.83	+0.042%	$3.8M	$2.3M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.83	+0.042%	$1.3M	$692K	—	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_Perp	0.0000%	8h	501.89	+0.053%	$18K	$295K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.62	+0.199%	$6K	$4.3M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.70	+0.016%	$59K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.04	+0.084%	$2.2M	$749K	10x	as long as short
BloFin MSFT-USDT	+0.0012%	8h	501.89	+0.054%	$188K	$209K	20x	as long as short
Bybit MSFTUSDT	+0.0029%	8h	501.89	+0.054%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.63	+0.002%	$619K	$2.1M	20x	as long as short
Hotstuff MSFT-PERP	+0.0040%	1h	501.44	−0.036%	$32K	$8K	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.65	+0.006%	—	$1K	25x	as long as short
QFEX MSFT-USD	+0.0049%	1h	501.70	+0.016%	$1.1M	$5.9M	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.43	−0.038%	$22.3M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.40	−0.044%	$303K	$678K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.76	+0.028%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.40	−0.044%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	501.70	+0.017%	$221	—	5x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0069%	1h	501.64	+0.004%	$27K	$102K	10x	as long as short
Phoenix MSFT	+0.0080%	1h	501.61	−0.002%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.24	−0.076%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.74	+0.024%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.70	+0.016%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.75	+0.025%	$55	—	10x	as long as short
Lighter MSFT	+0.0152%	1h	501.87	+0.050%	$1.1M	$586K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.46	+0.167%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0286%	1h	501.69	+0.014%	$97K	$109K	10x	as long as short