Settings8H · net · $10k
Funding arb · Price arb /

MSFT

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SwapBacktest
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: Aster against HTX+0.145%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$650.649% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.026%+$3 on $10k
Price spread, last 4 days (all we have)−0.261%−$26 · spread now +0.145%, 7d avg +0.024%
Together, before fees−0.235%+ Points / potential airdropAster: Stage 5 · farm board−$24 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: Aster is 0.121% dearer against HTX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX MSFT-USDT503.440get 0.0000% / 8h5h 53m$48K$246K20x
ShortAster MSFTUSDT504.170get 0.0000% / 8h5h 53m$166K$118K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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

Funding earned
$0
Price spread: +0.145% → +0.024%
$12.15
Slippage, 4 orders
−$44.91
Fee HTX: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$52.76
Costs to cover
0.649%
Break-even
never at this rate
Slippage from HTX: live order book, 56 min ago; Aster: live order book, 55 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 56 min ago2.58 bp9.2 bp −$916.9 bp −$169doesn't fitdoesn't fit
Sell Aster live order book, 55 min ago14.76 bp20.0 bp −$20doesn't fitdoesn't fitdoesn't fit

MSFT on 34 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff MSFT-PERP−0.1600%1h503.33−0.022%$32K$8K20xas long as short
Nado MSFT-PERP−0.0022%1h503.36−0.017%$411K$72K20xas long as short
Aster MSFTUSDTshort0.0000%8h504.17+0.145%$166K$118K20x
Extended MSFT_24_5-USD0.0000%1h503.440.000%$326K$1.9M17xas long as short
Binance MSFTUSDT0.0000%8h503.61+0.034%$16.4M$20.9M20xas long as short
Bybit MSFTUSDT0.0000%8h503.41−0.006%$7.3M$2.3M100xas long as short
Gate MSFT_USDT0.0000%8h503.43−0.002%$3.1M$1.9M100xas long as short
Bitget MSFTUSDT0.0000%8h503.58+0.028%$3.9M$2.9M100xas long as short
Variational Omni MSFT0.0000%8h503.47+0.005%$1.3M$396Kas long as short
SunX MSFT-USDT0.0000%8h504.35+0.181%$6K$3.5M20xas long as short
Show all 34 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit MSFT_USDC-PERPETUAL0.0000%1h503.32−0.024%$30K$47K10xas long as short
Coinbase International MSFT-PERP-INTX0.0000%1h502.80−0.127%$702K$522K10xas long as short
HTX MSFT-USDTlong0.0000%8h503.44long leg$48K$246K20x
Phemex MSFTUSDT0.0000%8h503.84+0.079%$2.3M$907K10xas long as short
BloFin MSFT-USDT+0.0012%8h503.56+0.024%$202K$212K20xas long as short
GRVT MSFT_USDT_Perp+0.0026%8h503.55+0.022%$18K$317K10xas long as short
tradeXYZ xyz:MSFT+0.0031%1h503.00−0.087%$22.5M$9.2M20xas long as short
Lighter MSFT+0.0032%1h503.46+0.004%$1.2M$480K20xas long as short
Lighter RH MSFT+0.0032%1h503.42−0.004%$692K$1.8M20xas long as short
Ondo Perps MSFT-USD.P+0.0045%1h503.04−0.079%$532K$382K15xas long as short
Vest MSFT-USD-PERP+0.0046%1h503.43−0.002%$1K25xas long as short
Phoenix MSFT+0.0048%1h502.47−0.193%$11K$5K20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h503.22−0.044%$318K$677K10xas long as short
SoDEX MSFT-USD+0.0050%1h503.43−0.002%$60K$3K10xas long as short
Paradex MSFT-USD-PERP+0.0057%8h503.33−0.021%$2215xas long as short
QFEX MSFT-USD+0.0058%1h503.40−0.008%$1.1M$4.7M10xas long as short
OKX MSFT-USDT-SWAP+0.0063%8h503.59+0.030%$3.2M$2.7M20xas long as short
KuCoin MSFTUSDTM+0.0100%8h503.10−0.068%$1.6M$218K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h503.41−0.006%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h503.47+0.006%$8K10xas long as short
edgeX MSFTUSDC+0.0101%4h503.12−0.064%$102K$242K10xas long as short
Aevo MSFT-PERP+0.0104%1h503.47+0.006%$5510xas long as short
Arcus MSFT-USD+0.0190%1h503.29−0.030%$93K$83K10xas long as short
Injective MSFT/USDC PERP+0.0220%1h504.07+0.125%$115K$45K30xas long as short