Funding arb · Price arb /

MSFT

RWAall MSFT markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against Gate+0.054%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days−0.082%−$8 · spread now +0.054%, 7d avg +0.023%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.031% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MSFT_USDT	501.90	0	get 0.0000% / 8h	1h 18m	$3.1M	$1.6M	100x
Short	Bitget MSFTUSDT	502.17	0	get 0.0000% / 8h	1h 18m	$3.8M	$2.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → +0.023%: $3.08
Slippage, 4 orders: −$16.93
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$40.86
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Bitget: live order book, 4 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 Gate live order book, 5 min ago	3.49 bp	14.4 bp −$14	31.6 bp −$316	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.49 bp	9.0 bp −$9	13.0 bp −$130	42.9 bp −$4,294	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	−0.0696%	4h	502.08	+0.037%	$102K	$243K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.17	+0.053%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.95	+0.010%	$337K	$392K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.05	+0.030%	$15.7M	$19.2M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.21	+0.062%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDTlong	0.0000%	8h	501.90	long leg	$3.1M	$1.6M	100x
Bitget MSFTUSDTshort	0.0000%	8h	502.17	+0.054%	$3.8M	$2.2M	100x
Variational Omni MSFT	0.0000%	8h	502.09	+0.037%	$1.3M	$702K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.09	+0.038%	$19K	$312K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.94	+0.207%	$6K	$4.3M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.75	−0.030%	$27K	$100K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.58	−0.064%	$688K	$449K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.10	+0.040%	$58K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.34	+0.088%	$2.2M	$757K	10x	as long as short
Nado MSFT-PERP	+0.0009%	1h	501.92	+0.003%	$414K	$64K	20x	as long as short
Bybit MSFTUSDT	+0.0018%	8h	502.24	+0.068%	$7.4M	$1.7M	100x	as long as short
BloFin MSFT-USDT	+0.0025%	8h	502.17	+0.054%	$188K	$210K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.06	+0.032%	$653K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	502.07	+0.034%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.00	+0.020%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.75	−0.030%	$22.3M	$9.7M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.66	−0.048%	$305K	$674K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.09	+0.038%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.77	−0.026%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0059%	8h	502.06	+0.031%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.89	−0.002%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.55	−0.070%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.77	−0.026%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.03	+0.026%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.09	+0.038%	$55	—	10x	as long as short
Lighter MSFT	+0.0136%	1h	502.22	+0.064%	$1.1M	$590K	20x	as long as short
Hotstuff MSFT-PERP	+0.0136%	1h	501.77	−0.026%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0200%	1h	502.05	+0.030%	$98K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.30	+0.080%	$115K	$45K	30x	as long as short