Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Bitget−0.018%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$350.355% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.018%, 7d avg −0.019%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSFTUSDT	504.02	0	get 0.0000% / 8h	7h 16m	$3.9M	$2.8M	100x
Short	HTX MSFT-USDT	503.93	0	get 0.0000% / 8h	7h 16m	$58K	$226K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → −0.019%: $0.11
Slippage, 4 orders: −$11.5
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$35.39
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; HTX: live order book, 15 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 Bitget live order book, 1 min ago	0.99 bp	7.0 bp −$7	11.2 bp −$112	45.0 bp −$4,503	doesn't fit
Sell HTX live order book, 15 min ago	2.78 bp	8.8 bp −$9	11.9 bp −$119	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
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	503.64	−0.075%	$685K	$452K	10x	as long as short
Nado MSFT-PERP	−0.0009%	1h	503.82	−0.041%	$415K	$67K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.20	+0.035%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.96	−0.011%	$335K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.10	+0.016%	$16.3M	$19.4M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.83	−0.038%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.03	+0.002%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.79	−0.046%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDTlong	0.0000%	8h	504.02	long leg	$3.9M	$2.8M	100x
Variational Omni MSFT	0.0000%	8h	503.92	−0.019%	$1.3M	$387K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	504.09	+0.015%	$19K	$316K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.86	+0.167%	$6K	$3.5M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.73	−0.058%	$27K	$45K	10x	as long as short
HTX MSFT-USDTshort	0.0000%	8h	503.93	−0.018%	$58K	$226K	20x
Phemex MSFTUSDT	0.0000%	8h	504.41	+0.077%	$2.2M	$848K	10x	as long as short
BloFin MSFT-USDT	+0.0002%	8h	504.07	+0.010%	$192K	$204K	20x	as long as short
Phoenix MSFT	+0.0016%	1h	503.73	−0.058%	$11K	$15K	20x	as long as short
QFEX MSFT-USD	+0.0023%	1h	503.98	−0.008%	$1.1M	$4.6M	10x	as long as short
Lighter MSFT	+0.0032%	1h	503.85	−0.034%	$1.2M	$523K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.86	−0.032%	$704K	$1.9M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.88	−0.028%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.08	+0.012%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.53	−0.097%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.73	−0.058%	$303K	$650K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.80	−0.044%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.66	−0.071%	$534K	$392K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0057%	8h	503.93	−0.017%	$222	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.64	−0.075%	$1.6M	$125K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.33	−0.137%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.95	−0.014%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.97	−0.010%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0216%	1h	503.63	−0.077%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	505.30	+0.254%	$116K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0673%	4h	504.06	+0.008%	$103K	$244K	10x	as long as short