Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Extended against Gate+0.010%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.010%, 7d avg +0.015%

Together, before fees−0.044%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MSFT_USDT	503.20	0	get 0.0000% / 8h	5h 50m	$3.1M	$1.9M	100x
Short	Extended MSFT_24_5-USD	503.25	0	get 0.0000% / 1h	50m 16s	$326K	$1.9M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → +0.015%: −$0.54
Slippage, 4 orders: −$22.88
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$43.42
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; Extended: live order book, 1 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, 6 min ago	4.07 bp	16.1 bp −$16	33.0 bp −$330	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.60 bp	5.8 bp −$6	30.3 bp −$303	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
Hotstuff MSFT-PERP	−0.1600%	1h	503.33	+0.026%	$32K	$8K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	−0.0048%	1h	503.05	−0.030%	$30K	$47K	10x	as long as short
Nado MSFT-PERP	−0.0041%	1h	503.28	+0.016%	$411K	$72K	20x	as long as short
Ondo Perps MSFT-USD.P	−0.0026%	1h	502.92	−0.056%	$532K	$383K	15x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.94	+0.147%	$166K	$118K	20x	as long as short
Extended MSFT_24_5-USDshort	0.0000%	1h	503.25	+0.010%	$326K	$1.9M	17x
Binance MSFTUSDT	0.0000%	8h	503.43	+0.045%	$16.4M	$20.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.23	+0.006%	$7.3M	$2.3M	100x	as long as short
Gate MSFT_USDTlong	0.0000%	8h	503.20	long leg	$3.1M	$1.9M	100x
Bitget MSFTUSDT	0.0000%	8h	503.39	+0.038%	$3.9M	$2.9M	100x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	503.26	+0.011%	$1.3M	$396K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	504.16	+0.191%	$6K	$3.5M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	502.80	−0.079%	$702K	$522K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.31	+0.022%	$48K	$246K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.07	+0.173%	$2.3M	$908K	10x	as long as short
GRVT MSFT_USDT_Perp	+0.0007%	8h	503.55	+0.070%	$19K	$318K	10x	as long as short
BloFin MSFT-USDT	+0.0024%	8h	503.37	+0.034%	$202K	$214K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0024%	1h	502.99	−0.042%	$22.5M	$9.2M	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.29	+0.018%	$1.2M	$480K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.33	+0.026%	$691K	$1.8M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.33	+0.026%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.02	−0.036%	$318K	$677K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.15	−0.010%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	503.26	+0.012%	$221	—	5x	as long as short
QFEX MSFT-USD	+0.0058%	1h	503.35	+0.030%	$1.2M	$4.7M	10x	as long as short
OKX MSFT-USDT-SWAP	+0.0061%	8h	503.45	+0.050%	$3.2M	$2.7M	20x	as long as short
Phoenix MSFT	+0.0079%	1h	503.25	+0.010%	$11K	$5K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.03	−0.034%	$1.6M	$222K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.38	+0.036%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.34	+0.028%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.36	+0.032%	$55	—	10x	as long as short
Arcus MSFT-USD	+0.0190%	1h	503.16	−0.008%	$93K	$83K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.61	+0.081%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0351%	4h	503.48	+0.055%	$102K	$243K	10x	as long as short