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

MSFT

RWAall MSFT markets
SwapBacktest
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: GRVT against Gate+0.025%81s7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$410.410% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.024%−$2 on $10k
Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.025%, 7d avg +0.037%
Together, before fees−0.044%+ Points / potential airdropGRVT: Active · farm board−$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate MSFT_USDT501.880get 0.0000% / 8h56m 00s$3.2M$1.6M100x
ShortGRVT MSFT_USDT_Perp502.000get 0.0000% / 8h56m 00s$19K$307K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
$0
Price spread: +0.025% → +0.037%
−$1.17
Slippage, 4 orders
−$17.04
Fee Gate: 7.5 bp × 2 orders
−$15
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$42.21
Costs to cover
0.410%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; GRVT: live order book, 21 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago1.49 bp11.0 bp −$1129.9 bp −$299doesn't fitdoesn't fit
Sell GRVT live order book, 21 min ago1.20 bp6.9 bp −$713.3 bp −$133doesn't fitdoesn't fit

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−0.0221%4h502.09+0.041%$102K$242K10xas long as short
Nado MSFT-PERP−0.0040%1h501.84−0.009%$414K$64K20xas long as short
Coinbase International MSFT-PERP-INTX−0.0016%1h501.76−0.024%$687K$450K10xas long as short
Aster MSFTUSDT0.0000%8h502.09+0.041%$161K$116K20xas long as short
Extended MSFT_24_5-USD0.0000%1h502.09+0.042%$337K$392K17xas long as short
Binance MSFTUSDT0.0000%8h502.18+0.059%$15.7M$19.1M20xas long as short
OKX MSFT-USDT-SWAP0.0000%8h502.28+0.080%$3.0M$2.3M20xas long as short
Gate MSFT_USDTlong0.0000%8h501.88long leg$3.2M$1.6M100x
Bitget MSFTUSDT0.0000%8h502.20+0.064%$3.8M$2.3M100xas long as short
Variational Omni MSFT0.0000%8h502.09+0.041%$1.3M$702Kas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT MSFT_USDT_Perpshort0.0000%8h502.00+0.025%$19K$307K10x
SunX MSFT-USDT0.0000%8h502.86+0.195%$6K$4.3M20xas long as short
HTX MSFT-USDT0.0000%8h502.05+0.034%$59K$227K20xas long as short
Phemex MSFTUSDT0.0000%8h502.26+0.076%$2.2M$754K10xas long as short
BloFin MSFT-USDT+0.0003%8h502.13+0.050%$188K$209K20xas long as short
Bybit MSFTUSDT+0.0020%8h502.24+0.072%$7.4M$1.7M100xas long as short
Lighter RH MSFT+0.0032%1h502.04+0.032%$647K$2.1M20xas long as short
Hotstuff MSFT-PERP+0.0040%1h501.73−0.030%$32K$8K20xas long as short
Vest MSFT-USD-PERP+0.0046%1h501.95+0.014%$1K25xas long as short
Deribit MSFT_USDC-PERPETUAL+0.0049%1h501.95+0.014%$27K$101K10xas long as short
QFEX MSFT-USD+0.0049%1h502.00+0.024%$1.2M$5.8M10xas long as short
tradeXYZ xyz:MSFT+0.0050%1h501.78−0.020%$22.3M$9.6M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h501.63−0.050%$305K$674K10xas long as short
SoDEX MSFT-USD+0.0050%1h502.11+0.046%$60K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h501.67−0.042%$529K$493K15xas long as short
Paradex MSFT-USD-PERP+0.0056%8h502.02+0.029%$2215xas long as short
Phoenix MSFT+0.0080%1h501.80−0.016%$10K$15K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h501.56−0.064%$1.5M$19K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h501.66−0.044%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h501.94+0.012%$8K10xas long as short
Aevo MSFT-PERP+0.0104%1h502.04+0.033%$5510xas long as short
Lighter MSFT+0.0144%1h502.21+0.066%$1.1M$585K20xas long as short
Injective MSFT/USDC PERP+0.0220%1h502.30+0.084%$115K$45K30xas long as short
Arcus MSFT-USD+0.0286%1h501.98+0.020%$98K$109K10xas long as short