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: Gate against GRVT−0.052%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on GRVT Short on Gate

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)+0.047%+$5 · spread now −0.052%, 7d avg −0.037%

Together, before fees+0.071%+ Points / potential airdropGRVT: Active · farm board+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MSFT_USDT_Perp	502.12	0	get 0.0000% / 8h	1h 22m	$19K	$312K	10x
Short	Gate MSFT_USDT	501.86	0	get 0.0000% / 8h	1h 22m	$3.1M	$1.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against GRVT. 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 GRVTbpFee GatebpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → −0.037%: −$1.52
Slippage, 4 orders: −$16.86
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42.39
Costs to cover: 0.409%
Break-even: never at this rate

Slippage from GRVT: live order book, 60 min ago; Gate: 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 GRVT live order book, 60 min ago	1.39 bp	5.9 bp −$6	16.6 bp −$166	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.99 bp	12.7 bp −$13	44.5 bp −$445	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
BloFin MSFT-USDT	−0.0019%	8h	502.17	+0.010%	$188K	$210K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.18	+0.011%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.04	−0.017%	$337K	$392K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.13	+0.002%	$15.7M	$19.2M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.12	0.000%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDTshort	0.0000%	8h	501.86	−0.052%	$3.1M	$1.6M	100x
Variational Omni MSFT	0.0000%	8h	502.08	−0.009%	$1.3M	$708K	—	as long as short
GRVT MSFT_USDT_Perplong	0.0000%	8h	502.12	long leg	$19K	$312K	10x
SunX MSFT-USDT	0.0000%	8h	502.89	+0.153%	$6K	$4.3M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.84	−0.056%	$27K	$104K	10x	as long as short

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	−0.108%	$688K	$449K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.01	−0.022%	$58K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.40	+0.056%	$2.2M	$760K	10x	as long as short
Bitget MSFTUSDT	+0.0003%	8h	502.13	+0.002%	$3.8M	$2.2M	100x	as long as short
Bybit MSFTUSDT	+0.0019%	8h	502.17	+0.010%	$7.4M	$1.7M	100x	as long as short
Nado MSFT-PERP	+0.0023%	1h	501.88	−0.048%	$414K	$64K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.97	−0.030%	$652K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	501.97	−0.030%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.85	−0.054%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.74	−0.076%	$22.3M	$9.7M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.64	−0.096%	$305K	$676K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.06	−0.012%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.79	−0.066%	$529K	$494K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0060%	8h	502.04	−0.016%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.89	−0.046%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.56	−0.112%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.77	−0.070%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.06	−0.012%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.07	−0.009%	$55	—	10x	as long as short
Lighter MSFT	+0.0144%	1h	502.14	+0.004%	$1.1M	$590K	20x	as long as short
edgeX MSFTUSDC	+0.0158%	4h	502.09	−0.007%	$102K	$242K	10x	as long as short
Hotstuff MSFT-PERP	+0.0192%	1h	501.74	−0.076%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0200%	1h	502.01	−0.022%	$98K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.17	+0.010%	$115K	$45K	30x	as long as short