Funding arb · Price arb /

MSFT

RWAall MSFT markets

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 −0.003%

Price spread now: HTX against Variational Omni+0.013%7-day average −0.009% · you sell dearer than you buy

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

Long on Variational Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.013%, 7d avg −0.009%

Together, before fees0.000%+ Points / potential airdropVariational Omni: Active · farm board$0 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: HTX is 0.021% dearer against Variational Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSFT	503.60	0	get 0.0000% / 8h	37m 57s	$1.3M	$414K	—
Short	HTX MSFT-USDT	503.66	0	get 0.0000% / 8h	37m 57s	$59K	$226K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Variational Omni. 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 Variational OmnibpFee HTXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.009%: $2.12
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$9.88
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; HTX: live order book, 63 min ago. 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 Variational Omni RFQ quote, 1 min ago	2.53 bp	doesn't fit	25.9 bp −$259	doesn't fit	doesn't fit
Sell HTX live order book, 63 min ago	2.68 bp	8.8 bp −$9	18.1 bp −$181	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
Nado MSFT-PERP	−0.0027%	1h	503.37	−0.044%	$414K	$67K	20x	as long as short
BloFin MSFT-USDT	−0.0004%	8h	503.82	+0.044%	$190K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.66	+0.013%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.64	+0.009%	$338K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.78	+0.036%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.44	−0.031%	$7.3M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.80	+0.040%	$3.0M	$2.4M	20x	as long as short
Hotstuff MSFT-PERP	0.0000%	1h	503.25	−0.069%	$32K	$8K	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.54	−0.011%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.64	+0.009%	$3.8M	$2.9M	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 MSFTlong	0.0000%	8h	503.60	long leg	$1.3M	$414K	—
GRVT MSFT_USDT_Perp	0.0000%	8h	503.63	+0.006%	$19K	$323K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.61	+0.201%	$6K	$3.8M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	502.97	−0.124%	$682K	$454K	10x	as long as short
HTX MSFT-USDTshort	0.0000%	8h	503.66	+0.013%	$59K	$226K	20x
Phemex MSFTUSDT	0.0000%	8h	503.86	+0.052%	$2.2M	$820K	10x	as long as short
Lighter MSFT	+0.0032%	1h	503.63	+0.007%	$1.2M	$532K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.51	−0.017%	$707K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.65	+0.011%	$1.2M	$4.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.44	−0.031%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.73	+0.026%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.25	−0.069%	$22.4M	$8.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.38	−0.043%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.57	−0.005%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.20	−0.079%	$512K	$428K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	503.56	−0.008%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.41	−0.037%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.08	−0.103%	$1.6M	$63K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.18	−0.083%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.64	+0.009%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.68	+0.017%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.82	+0.243%	$116K	$45K	30x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0227%	1h	503.61	+0.003%	$27K	$44K	10x	as long as short
edgeX MSFTUSDC	+0.0729%	4h	503.60	0.000%	$102K	$243K	10x	as long as short