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: Bitget against Gate+0.042%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.078%−$8 · spread now +0.042%, 7d avg +0.023%

Together, before fees−0.089%−$9 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	501.87	0	get 0.0000% / 8h	32m 00s	$3.1M	$1.7M	100x
Short	Bitget MSFTUSDT	502.08	0	get 0.0000% / 8h	32m 00s	$3.8M	$2.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → +0.023%: $1.85
Slippage, 4 orders: −$16.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$41.17
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bitget: 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 Gate live order book, 1 min ago	4.58 bp	12.7 bp −$13	31.3 bp −$313	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.29 bp	9.3 bp −$9	13.1 bp −$131	41.9 bp −$4,192	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	−0.0020%	1h	501.85	−0.003%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0017%	8h	502.13	+0.052%	$188K	$209K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.76	−0.022%	$687K	$449K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.18	+0.061%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.05	+0.035%	$337K	$392K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.13	+0.052%	$15.7M	$19.1M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.26	+0.078%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDTlong	0.0000%	8h	501.87	long leg	$3.1M	$1.7M	100x
Bitget MSFTUSDTshort	0.0000%	8h	502.08	+0.042%	$3.8M	$2.3M	100x
Variational Omni MSFT	0.0000%	8h	502.17	+0.059%	$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	502.15	+0.057%	$18K	$298K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.88	+0.201%	$6K	$4.3M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.82	−0.010%	$27K	$101K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.00	+0.026%	$59K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.16	+0.058%	$2.2M	$747K	10x	as long as short
Hotstuff MSFT-PERP	+0.0008%	1h	501.75	−0.024%	$32K	$8K	20x	as long as short
Bybit MSFTUSDT	+0.0031%	8h	502.19	+0.064%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.99	+0.024%	$622K	$2.1M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.94	+0.014%	—	$1K	25x	as long as short
QFEX MSFT-USD	+0.0049%	1h	502.06	+0.038%	$1.2M	$5.8M	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.76	−0.022%	$22.3M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.66	−0.042%	$303K	$678K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.03	+0.032%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.71	−0.032%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0053%	8h	502.05	+0.036%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.88	+0.002%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.57	−0.060%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.88	+0.002%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.03	+0.032%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.06	+0.037%	$55	—	10x	as long as short
Lighter MSFT	+0.0160%	1h	502.27	+0.080%	$1.1M	$585K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.37	+0.100%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0286%	1h	501.99	+0.024%	$97K	$109K	10x	as long as short
edgeX MSFTUSDC	+0.0312%	4h	502.16	+0.057%	$102K	$243K	10x	as long as short