Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against GRVT+0.002%74s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MSFT_USDT_Perp	502.09	0	get 0.0000% / 8h	1h 18m	$19K	$312K	10x
Short	SoDEX MSFT-USD	502.10	0.0050	get 0.0006% / 1h	18m 15s	$60K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.002%Rate

Funding earned: $10.5
Price spread: +0.002% → 0.000%: $0.2
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$6.3
Costs to cover: 0.170%
Break-even: 11.2 days

Slippage unknown: GRVT: live order book, 64 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 64 min ago	1.39 bp	5.9 bp −$6	16.6 bp −$166	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0696%	4h	502.08	−0.001%	$102K	$243K	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	−0.0049%	1h	501.72	−0.074%	$27K	$100K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.16	+0.013%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.95	−0.027%	$337K	$392K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.05	−0.008%	$15.7M	$19.2M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.21	+0.024%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.89	−0.040%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.21	+0.024%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.09	−0.001%	$1.3M	$702K	—	as long as short
GRVT MSFT_USDT_Perplong	0.0000%	8h	502.09	long leg	$19K	$312K	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	502.96	+0.173%	$6K	$4.3M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.58	−0.102%	$688K	$449K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.99	−0.020%	$59K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.50	+0.082%	$2.2M	$757K	10x	as long as short
Nado MSFT-PERP	+0.0009%	1h	501.92	−0.035%	$414K	$64K	20x	as long as short
Bybit MSFTUSDT	+0.0018%	8h	502.24	+0.030%	$7.4M	$1.7M	100x	as long as short
BloFin MSFT-USDT	+0.0025%	8h	502.17	+0.016%	$188K	$210K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.06	−0.006%	$653K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	502.07	−0.004%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.00	−0.018%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.75	−0.068%	$22.3M	$9.7M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.66	−0.086%	$305K	$674K	10x	as long as short
SoDEX MSFT-USDshort	+0.0050%	1h	502.10	+0.002%	$60K	$3K	10x
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.77	−0.064%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0059%	8h	502.06	−0.007%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.89	−0.040%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.55	−0.108%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.77	−0.064%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.03	−0.012%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.07	−0.003%	$55	—	10x	as long as short
Lighter MSFT	+0.0136%	1h	502.23	+0.028%	$1.1M	$590K	20x	as long as short
Hotstuff MSFT-PERP	+0.0136%	1h	501.77	−0.064%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0200%	1h	502.05	−0.008%	$98K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.30	+0.042%	$115K	$45K	30x	as long as short