Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: Binance against HTX+0.046%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 2 days (all we have)−0.017%−$2 · spread now +0.046%, 7d avg +0.016%

Together, before fees+0.012%+$1 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: Binance is 0.030% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MSFT-USDT	501.51	0	get 0.0000% / 8h	7h 39m	$58K	$227K	20x
Short	Binance MSFTUSDT	501.74	0	get 0.0000% / 8h	7h 39m	$15.7M	$18.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.016%: $3.02
Slippage, 4 orders: −$6.24
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.22
Costs to cover: 0.282%
Break-even: never at this rate

Slippage from HTX: live order book, 32 min ago; Binance: live order book, 1 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 HTX live order book, 32 min ago	2.69 bp	8.7 bp −$9	17.0 bp −$170	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.10 bp	5.8 bp −$6	11.8 bp −$118	46.7 bp −$4,666	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	−0.0009%	8h	501.72	+0.042%	$187K	$206K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.50	−0.002%	$679K	$451K	10x	as long as short
Nado MSFT-PERP	−0.0006%	1h	501.42	−0.019%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.69	+0.037%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.56	+0.010%	$342K	$829K	17x	as long as short
Binance MSFTUSDTshort	0.0000%	8h	501.74	+0.046%	$15.7M	$18.7M	20x
Bybit MSFTUSDT	0.0000%	8h	501.76	+0.050%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.71	+0.040%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.48	−0.006%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.81	+0.060%	$3.8M	$2.2M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.71	+0.040%	$1.3M	$690K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.93	+0.085%	$19K	$295K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.42	+0.181%	$6K	$4.2M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.28	−0.046%	$27K	$41K	10x	as long as short
HTX MSFT-USDTlong	0.0000%	8h	501.51	long leg	$58K	$227K	20x
Phemex MSFTUSDT	0.0000%	8h	501.70	+0.038%	$2.2M	$756K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.50	−0.002%	$618K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	501.65	+0.028%	$1.1M	$5.9M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.57	+0.012%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.37	−0.028%	$22.3M	$9.1M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.31	−0.040%	$303K	$675K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.53	+0.004%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.16	−0.070%	$528K	$489K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.57	+0.011%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.64	+0.026%	$10K	$15K	20x	as long as short
Lighter MSFT	+0.0080%	1h	501.67	+0.032%	$1.1M	$486K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.53	+0.004%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.61	+0.020%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.56	+0.010%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.51	+0.001%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0152%	1h	501.36	−0.030%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.69	+0.036%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.40	+0.177%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0594%	4h	501.89	+0.075%	$102K	$242K	10x	as long as short