Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against OKX−0.044%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$610.613% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.044%, 7d avg +0.014%
=Together, before fees+0.052%+ Points / potential airdropAster: Stage 5 · farm board+$5 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 0.058% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MSFT-USDT-SWAP | 503.97 | 0 | get 0.0000% / 8h | 1h 36m | $3.0M | $2.4M | 20x |
| Short | Aster MSFTUSDT | 503.75 | 0 | get 0.0000% / 8h | 1h 36m | $162K | $114K | 20x |
OKX MSFT-USDT-SWAP
Aster MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against OKX. 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: −0.044% → +0.014%
- −$5.76
- Slippage, 4 orders
- −$43.28
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$67.03
- Costs to cover
- 0.613%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Aster: live order book, 4 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 OKX live order book, 5 min ago | 0.89 bp | 8.5 bp −$8 | 15.7 bp −$157 | doesn't fit | doesn't fit |
| Sell Aster live order book, 4 min ago | 9.72 bp | 23.8 bp −$24 | 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 | −0.0586% | 4h | 503.91 | −0.012% | $103K | $243K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0048% | 1h | 503.66 | −0.062% | $682K | $500K | 10x | as long as short |
| Aster MSFTUSDTshort | 0.0000% | 8h | 503.75 | −0.044% | $162K | $114K | 20x | |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.83 | −0.028% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.00 | +0.006% | $15.8M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.70 | −0.054% | $7.3M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAPlong | 0.0000% | 8h | 503.97 | long leg | $3.0M | $2.4M | 20x | |
| Gate MSFT_USDT | 0.0000% | 8h | 503.75 | −0.044% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.97 | 0.000% | $3.8M | $3.0M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.95 | −0.005% | $1.3M | $499K | — | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
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_Perp | 0.0000% | 8h | 504.01 | +0.007% | $19K | $328K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.80 | +0.165% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.64 | −0.065% | $27K | $43K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.82 | −0.030% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.14 | +0.034% | $2.2M | $821K | 10x | as long as short |
| Nado MSFT-PERP | +0.0011% | 1h | 503.83 | −0.027% | $415K | $67K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0025% | 8h | 504.01 | +0.008% | $190K | $206K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.80 | −0.034% | $690K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0039% | 1h | 503.95 | −0.004% | $1.1M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.71 | −0.052% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.96 | −0.002% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.55 | −0.083% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.68 | −0.058% | $303K | $718K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.81 | −0.032% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.52 | −0.089% | $522K | $476K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 503.87 | −0.021% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.80 | −0.034% | $11K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0072% | 1h | 503.64 | −0.065% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.38 | −0.117% | $1.6M | $60K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.47 | −0.099% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.84 | −0.026% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.91 | −0.012% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0128% | 1h | 504.02 | +0.010% | $1.2M | $514K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.21 | +0.048% | $115K | $45K | 30x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Nado MSFT-PERP
BloFin MSFT-USDT
Lighter RH MSFT
QFEX MSFT-USD
Arcus 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
Phoenix MSFT
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP