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: SunX against Gate+0.197%7-day average +0.200% · you sell dearer than you buy

Net, funding: paid 7d − costs−$246as in the Funding arb table

Net, price: spread back to 7d avg − costs−$243as in the Price arb table

costs, in and out, $10k−$2432.431% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now +0.197%, 7d avg +0.200%

Together, before fees−0.008%−$1 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	501.78	0	get 0.0000% / 8h	1h 33m	$3.1M	$1.6M	100x
Short	SunX MSFT-USDT	502.77	0	get 0.0000% / 8h	1h 33m	$6K	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.197%Rate

Funding earned: $0
Price spread: +0.197% → +0.200%: −$0.27
Slippage, 4 orders: −$220.08
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$243.35
Costs to cover: 2.431%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; SunX: live order book, 5 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, 4 min ago	4.78 bp	13.0 bp −$13	29.4 bp −$294	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	29.23 bp	104.3 bp −$104	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	−0.0036%	4h	501.87	+0.018%	$102K	$243K	10x	as long as short
BloFin MSFT-USDT	−0.0006%	8h	501.92	+0.028%	$187K	$209K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.02	+0.047%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.93	+0.030%	$337K	$404K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.03	+0.050%	$15.7M	$19.3M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.96	+0.036%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDTlong	0.0000%	8h	501.78	long leg	$3.1M	$1.6M	100x
Variational Omni MSFT	0.0000%	8h	501.99	+0.042%	$1.3M	$708K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.01	+0.046%	$18K	$318K	10x	as long as short
SunX MSFT-USDTshort	0.0000%	8h	502.77	+0.197%	$6K	$4.4M	20x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.58	−0.040%	$688K	$449K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.28	+0.100%	$59K	$229K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.97	+0.038%	$2.2M	$764K	10x	as long as short
Bitget MSFTUSDT	+0.0006%	8h	501.97	+0.038%	$3.8M	$2.2M	100x	as long as short
Bybit MSFTUSDT	+0.0024%	8h	501.98	+0.040%	$7.4M	$1.7M	100x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0029%	1h	501.66	−0.024%	$27K	$104K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.87	+0.018%	$654K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	501.97	+0.038%	$1.2M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.82	+0.008%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.53	−0.050%	$22.3M	$9.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.49	−0.058%	$305K	$682K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.93	+0.030%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.60	−0.036%	$529K	$493K	15x	as long as short
Nado MSFT-PERP	+0.0051%	1h	501.55	−0.046%	$414K	$64K	20x	as long as short
Paradex MSFT-USD-PERP	+0.0063%	8h	501.77	−0.002%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.69	−0.018%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.48	−0.060%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.71	−0.014%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.88	+0.020%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.90	+0.025%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0120%	1h	501.60	−0.036%	$32K	$8K	20x	as long as short
Lighter MSFT	+0.0176%	1h	502.03	+0.050%	$1.1M	$590K	20x	as long as short
Arcus MSFT-USD	+0.0200%	1h	501.91	+0.026%	$96K	$108K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.34	+0.112%	$115K	$45K	30x	as long as short