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 0.000%

Price spread now: SunX against Bitget+0.161%7-day average +0.158% · you sell dearer than you buy

Net, funding: paid 7d − costs−$236as in the Funding arb table

Net, price: spread back to 7d avg − costs−$234as in the Price arb table

costs, in and out, $10k−$2342.344% of the position

Long on Bitget Short on SunX

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)+0.023%+$2 · spread now +0.161%, 7d avg +0.158%

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	503.67	0	get 0.0000% / 8h	1h 13m	$3.8M	$3.0M	100x
Short	SunX MSFT-USDT	504.48	0	get 0.0000% / 8h	1h 13m	$6K	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.161%Rate

Funding earned: $0
Price spread: +0.161% → +0.158%: $0.32
Slippage, 4 orders: −$214.44
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$234.12
Costs to cover: 2.344%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; SunX: live order book, 5 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, 5 min ago	1.99 bp	10.3 bp −$10	13.8 bp −$138	37.6 bp −$3,765	doesn't fit
Sell SunX live order book, 5 min ago	29.14 bp	104.5 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	−0.0160%	4h	503.60	−0.013%	$102K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	−0.002%	$682K	$500K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.48	−0.038%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.63	−0.007%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.78	+0.023%	$15.8M	$19.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.53	−0.028%	$7.3M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.85	+0.036%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.54	−0.026%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDTlong	0.0000%	8h	503.67	long leg	$3.8M	$3.0M	100x
Variational Omni MSFT	0.0000%	8h	503.61	−0.013%	$1.3M	$499K	—	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	503.74	+0.013%	$19K	$328K	10x	as long as short
SunX MSFT-USDTshort	0.0000%	8h	504.48	+0.161%	$6K	$3.9M	20x
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.37	−0.060%	$27K	$44K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.70	+0.006%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.75	+0.016%	$2.2M	$822K	10x	as long as short
Nado MSFT-PERP	+0.0024%	1h	503.39	−0.055%	$414K	$67K	20x	as long as short
BloFin MSFT-USDT	+0.0028%	8h	503.80	+0.026%	$190K	$207K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.52	−0.030%	$700K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.61	−0.012%	$1.2M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.39	−0.056%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.69	+0.004%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.23	−0.087%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.34	−0.066%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.59	−0.016%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.19	−0.095%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	503.56	−0.021%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.28	−0.077%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.11	−0.111%	$1.6M	$60K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.15	−0.103%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.55	−0.024%	$8K	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0104%	1h	503.19	−0.095%	$32K	$8K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.65	−0.005%	$55	—	10x	as long as short
Lighter MSFT	+0.0152%	1h	503.77	+0.020%	$1.2M	$517K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.04	+0.073%	$115K	$45K	30x	as long as short