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 GRVT+0.045%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$560.557% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.045%, 7d avg +0.011%
=Together, before fees−0.034%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.033% dearer against GRVT than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MSFT_USDT_Perp | 501.79 | 0 | get 0.0000% / 8h | 1h 53m | $19K | $325K | 10x |
| Short | Aster MSFTUSDT | 502.01 | 0 | get 0.0000% / 8h | 1h 53m | $161K | $116K | 20x |
GRVT MSFT_USDT_Perp
Aster MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.045% → +0.011%
- $3.33
- Slippage, 4 orders
- −$38.75
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$52.42
- Costs to cover
- 0.557%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 29 min ago; Aster: live order book, 28 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 GRVT live order book, 29 min ago | 1.39 bp | 5.9 bp −$6 | 16.6 bp −$166 | doesn't fit | doesn't fit |
| Sell Aster live order book, 28 min ago | 9.36 bp | 14.9 bp −$15 | 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 | −0.0813% | 4h | 501.72 | −0.013% | $102K | $242K | 10x | as long as short |
| Nado MSFT-PERP | −0.0026% | 1h | 501.74 | −0.010% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDTshort | 0.0000% | 8h | 502.01 | +0.045% | $161K | $116K | 20x | |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.88 | +0.019% | $372K | $369K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.96 | +0.035% | $15.7M | $19.3M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.97 | +0.037% | $7.4M | $1.7M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.81 | +0.005% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.78 | −0.001% | $3.1M | $1.5M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.89 | +0.021% | $3.8M | $2.2M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.61 | −0.035% | $1.3M | $710K | — | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perplong | 0.0000% | 8h | 501.79 | long leg | $19K | $325K | 10x | |
| SunX MSFT-USDT | 0.0000% | 8h | 502.75 | +0.192% | $6K | $4.4M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.70 | −0.017% | $27K | $104K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 501.64 | −0.029% | $687K | $448K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.90 | +0.023% | $59K | $230K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.12 | +0.067% | $2.2M | $769K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0016% | 8h | 501.94 | +0.031% | $188K | $210K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.85 | +0.013% | $652K | $2.1M | 20x | as long as short |
| QFEX MSFT-USD | +0.0040% | 1h | 501.86 | +0.015% | $1.2M | $5.8M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.77 | −0.003% | — | — | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.64 | −0.029% | $22.2M | $9.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.54 | −0.049% | $305K | $686K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.90 | +0.023% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.48 | −0.061% | $529K | $494K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0054% | 8h | 501.90 | +0.023% | $221 | — | 5x | as long as short |
| Lighter MSFT | +0.0064% | 1h | 502.02 | +0.047% | $1.1M | $589K | 20x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.58 | −0.041% | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0096% | 1h | 501.75 | −0.007% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.46 | −0.065% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.48 | −0.061% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.88 | +0.019% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.93 | +0.028% | $55 | — | 10x | as long as short |
| Arcus MSFT-USD | +0.0200% | 1h | 501.78 | −0.001% | $109K | $90K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.17 | +0.276% | $115K | $45K | 30x | as long as short |
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter RH MSFT
QFEX MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Lighter MSFT
Phoenix MSFT
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Arcus MSFT-USD
Injective MSFT/USDC PERP