Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against HTX+0.032%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.032% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MSFT-USDT	501.76	0	get 0.0000% / 8h	1h 35m	$59K	$229K	20x
Short	Aevo MSFT-PERP	501.92	0.0104	get 0.0013% / 1h	35m 53s	$55	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now +0.032%Rate

Funding earned: $21.84
Price spread: +0.032% → 0.000%: $3.16
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$3
Costs to cover: 0.280%
Break-even: 8.0 days

Slippage unknown: HTX: live order book, 46 min ago; Aevo: 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 HTX live order book, 46 min ago	2.99 bp	10.6 bp −$11	19.7 bp −$197	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
BloFin MSFT-USDT	−0.0008%	8h	502.20	+0.088%	$188K	$210K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.96	+0.041%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.87	+0.023%	$358K	$383K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.95	+0.038%	$15.7M	$19.3M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.95	+0.038%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.73	−0.006%	$3.1M	$1.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.00	+0.047%	$1.3M	$708K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.08	+0.065%	$18K	$319K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.86	+0.219%	$6K	$4.4M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.58	−0.036%	$688K	$449K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MSFT-USDTlong	0.0000%	8h	501.76	long leg	$59K	$229K	20x
Phemex MSFTUSDT	0.0000%	8h	501.93	+0.034%	$2.2M	$762K	10x	as long as short
Bitget MSFTUSDT	+0.0005%	8h	501.93	+0.034%	$3.8M	$2.2M	100x	as long as short
Bybit MSFTUSDT	+0.0023%	8h	501.94	+0.036%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.78	+0.004%	$653K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	501.92	+0.032%	$1.2M	$5.8M	10x	as long as short
Hotstuff MSFT-PERP	+0.0040%	1h	501.57	−0.038%	$32K	$8K	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.75	−0.002%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.34	−0.084%	$22.3M	$9.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.48	−0.056%	$305K	$683K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.84	+0.016%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.60	−0.032%	$529K	$493K	15x	as long as short
Nado MSFT-PERP	+0.0053%	1h	501.50	−0.052%	$414K	$64K	20x	as long as short
Paradex MSFT-USD-PERP	+0.0064%	8h	501.80	+0.007%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.69	−0.014%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.44	−0.064%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.56	−0.040%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.83	+0.014%	$8K	—	10x	as long as short
Aevo MSFT-PERPshort	+0.0104%	1h	501.92	+0.032%	$55	—	10x
Lighter MSFT	+0.0176%	1h	502.00	+0.048%	$1.1M	$589K	20x	as long as short
Arcus MSFT-USD	+0.0200%	1h	501.89	+0.026%	$110K	$90K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.34	+0.116%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0244%	4h	502.05	+0.058%	$102K	$242K	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0288%	1h	501.74	−0.004%	$27K	$104K	10x	as long as short