Funding arb · Price arb /

MSFT

RWAall MSFT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Extended against Aster−0.046%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$570.567% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.046%, 7d avg −0.036%

Together, before fees−0.031%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MSFTUSDT	501.74	0	get 0.0000% / 8h	5h 54m	$161K	$116K	20x
Short	Extended MSFT_24_5-USD	501.51	0	get 0.0000% / 1h	54m 40s	$337K	$889K	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Aster. 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 AsterbpFee ExtendedbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.036%: −$0.96
Slippage, 4 orders: −$43.66
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$57.62
Costs to cover: 0.567%
Break-even: never at this rate

Slippage from Aster: live order book, 7 min ago; Extended: live order book, 8 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 Aster live order book, 7 min ago	10.36 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 8 min ago	0.10 bp	5.2 bp −$5	39.0 bp −$390	doesn't fit	doesn't fit

MSFT on 33 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	−0.0143%	1h	501.47	−0.054%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	501.24	−0.100%	$679K	$456K	10x	as long as short
Aster MSFTUSDTlong	0.0000%	8h	501.74	long leg	$161K	$116K	20x
Extended MSFT_24_5-USDshort	0.0000%	1h	501.51	−0.046%	$337K	$889K	17x
Binance MSFTUSDT	0.0000%	8h	501.61	−0.026%	$15.6M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.68	−0.013%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.83	+0.017%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.41	−0.067%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.60	−0.029%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.53	−0.043%	$1.3M	$650K	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.63	−0.022%	$18K	$293K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.39	+0.129%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.28	−0.092%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.44	−0.061%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.75	+0.001%	$2.2M	$762K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0022%	1h	501.25	−0.098%	$22.1M	$9.1M	20x	as long as short
QFEX MSFT-USD	+0.0030%	1h	501.45	−0.059%	$1.1M	$5.7M	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.47	−0.055%	$658K	$2.0M	20x	as long as short
Lighter MSFT	+0.0040%	1h	501.73	−0.003%	$1.1M	$454K	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.41	−0.067%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.65	−0.019%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.25	−0.098%	$303K	$671K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.51	−0.047%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.12	−0.124%	$522K	$481K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0053%	8h	501.58	−0.033%	$221	—	5x	as long as short
Hotstuff MSFT-PERP	+0.0064%	1h	501.27	−0.094%	$32K	$8K	20x	as long as short
Phoenix MSFT	+0.0080%	1h	501.34	−0.080%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.32	−0.084%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.25	−0.098%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.47	−0.055%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.49	−0.051%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.87	+0.025%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0739%	4h	501.56	−0.037%	$102K	$242K	10x	as long as short