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: SunX against Binance+0.150%7-day average +0.152% · you sell dearer than you buy

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$229as in the Price arb table

costs, in and out, $10k−$2292.288% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.150%, 7d avg +0.152%

Together, before fees−0.062%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSFTUSDT	501.34	0	get 0.0000% / 8h	4h 12m	$15.8M	$19.0M	20x
Short	SunX MSFT-USDT	502.09	0	get 0.0000% / 8h	4h 12m	$6K	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → +0.152%: −$0.22
Slippage, 4 orders: −$210.75
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$228.97
Costs to cover: 2.288%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; SunX: live order book, 6 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 Binance live order book, 14 min ago	0.10 bp	6.8 bp −$7	12.8 bp −$128	51.7 bp −$5,168	doesn't fit
Sell SunX live order book, 6 min ago	29.16 bp	104.6 bp −$105	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	−0.0330%	4h	501.40	+0.012%	$102K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	500.97	−0.074%	$677K	$457K	10x	as long as short
Nado MSFT-PERP	−0.0014%	1h	501.12	−0.044%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.24	−0.021%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.20	−0.028%	$337K	$890K	17x	as long as short
Binance MSFTUSDTlong	0.0000%	8h	501.34	long leg	$15.8M	$19.0M	20x
Bybit MSFTUSDT	0.0000%	8h	500.99	−0.070%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.43	+0.018%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.13	−0.042%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.26	−0.016%	$4.5M	$2.5M	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	501.46	+0.024%	$1.3M	$615K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.48	+0.028%	$19K	$302K	10x	as long as short
SunX MSFT-USDTshort	0.0000%	8h	502.09	+0.150%	$6K	$4.0M	20x
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.04	−0.060%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.12	−0.044%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.58	+0.048%	$2.2M	$770K	10x	as long as short
BloFin MSFT-USDT	+0.0019%	8h	501.31	−0.006%	$189K	$204K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.07	−0.054%	$675K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	501.20	−0.028%	$1.2M	$5.1M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.13	−0.042%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.33	−0.002%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.13	−0.042%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.81	−0.106%	$22.0M	$8.7M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.96	−0.076%	$302K	$722K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.12	−0.044%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.84	−0.100%	$528K	$443K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	501.18	−0.032%	$221	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.03	−0.062%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.20	−0.028%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.26	−0.016%	$8K	—	10x	as long as short
Lighter MSFT	+0.0104%	1h	501.31	−0.006%	$1.1M	$499K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.19	−0.031%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0176%	1h	500.83	−0.102%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.76	+0.084%	$115K	$45K	30x	as long as short