Funding you earn now, next payment 00:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.004%
Price spread now: OKX against Aster−0.005%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.005%, 7d avg −0.009%
=Together, before fees−0.011%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSFTUSDT | 499.30 | 0 | get 0.0000% / 8h | 4h 08m | $170K | $144K | 20x |
| Short | OKX MSFT-USDT-SWAP | 499.28 | 0.0017 | get 0.0017% / 8h | 4h 08m | $3.2M | $2.7M | 20x |
Aster MSFTUSDT
OKX MSFT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Aster. 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
- $3.67
- Price spread: −0.005% → −0.009%
- $0.43
- Slippage, 4 orders
- −$11.95
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$25.85
- Costs to cover
- 0.300%
- Break-even
- 56.2 days
Slippage from Aster: live order book, 56 min ago; OKX: live order book, 2 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, 56 min ago | 0.40 bp | 6.4 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.80 bp | 7.7 bp −$8 | 15.5 bp −$155 | doesn't fit | doesn't fit |
MSFT on 34 exchanges
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 | −0.0718% | 4h | 499.30 | −0.002% | $113K | $267K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0096% | 1h | 498.72 | −0.117% | $690K | $999K | 10x | as long as short |
| KuCoin MSFTUSDTM | −0.0037% | 8h | 498.62 | −0.137% | $1.5M | $894K | 20x | as long as short |
| Nado MSFT-PERP | −0.0018% | 1h | 498.89 | −0.084% | $404K | $37K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0009% | 8h | 499.29 | −0.003% | $210K | $250K | 20x | as long as short |
| Aster MSFTUSDTlong | 0.0000% | 8h | 499.30 | long leg | $170K | $144K | 20x | |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 499.31 | +0.002% | $369K | $2.6M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 499.27 | −0.008% | $15.8M | $27.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 499.09 | −0.043% | $7.8M | $4.0M | 100x | as long as short |
| Hotstuff MSFT-PERP | 0.0000% | 1h | 498.89 | −0.083% | $32K | — | 20x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
KuCoin MSFTUSDTM
Nado MSFT-PERP
BloFin MSFT-USDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
Hotstuff MSFT-PERPShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | 0.0000% | 8h | 499.08 | −0.045% | $3.0M | $2.7M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 499.33 | +0.005% | $1.4M | $537K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 499.25 | −0.011% | $19K | $297K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 500.01 | +0.141% | $6K | $1.4M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 499.12 | −0.037% | $59K | $270K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 499.36 | +0.011% | $2.2M | $997K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0010% | 1h | 499.18 | −0.025% | $38K | $30K | 10x | as long as short |
| OKX MSFT-USDT-SWAPshort | +0.0017% | 8h | 499.28 | −0.005% | $3.2M | $2.7M | 20x | |
| QFEX MSFT-USD | +0.0025% | 1h | 499.21 | −0.019% | $1.1M | $4.5M | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 499.35 | +0.009% | $1.2M | $530K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 499.13 | −0.035% | $755K | $1.8M | 20x | as long as short |
| Phoenix MSFT | +0.0032% | 1h | 498.97 | −0.067% | $10K | $27K | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 499.13 | −0.035% | $90K | $2.7M | 10x | as long as short |
| Bitget MSFTUSDT | +0.0044% | 8h | 499.22 | −0.017% | $3.9M | $3.6M | 100x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 498.86 | −0.089% | — | $186K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 498.99 | −0.063% | $22.4M | $8.3M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 498.77 | −0.107% | $296K | $661K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 499.11 | −0.039% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 499.12 | −0.037% | $220 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 498.89 | −0.083% | $554K | $647K | 15x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 499.04 | −0.053% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 499.16 | −0.029% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 499.07 | −0.046% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 499.49 | +0.037% | $114K | $92K | 30x | as long as short |
Gate MSFT_USDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Deribit MSFT_USDC-PERPETUAL
QFEX MSFT-USD
Lighter MSFT
Lighter RH MSFT
Phoenix MSFT
Arcus MSFT-USD
Bitget MSFTUSDT
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Ondo Perps MSFT-USD.P
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP