Funding arb · Price arb /

MSFT

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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: OKX against HTX+0.018%54s7-day average +0.011% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.386% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.018%, 7d avg +0.011%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MSFT-USDT	503.42	0	get 0.0000% / 8h	58m 23s	$59K	$226K	20x
Short	OKX MSFT-USDT-SWAP	503.51	0	get 0.0000% / 8h	58m 23s	$3.0M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee HTXbpFee OKXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.011%: $0.68
Slippage, 4 orders: −$16.58
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$37.9
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from HTX: live order book, 43 min ago; OKX: 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 HTX live order book, 43 min ago	2.68 bp	11.3 bp −$11	23.0 bp −$230	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.60 bp	7.8 bp −$8	15.2 bp −$152	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	−0.0891%	4h	503.52	+0.019%	$102K	$244K	10x	as long as short
Nado MSFT-PERP	−0.0124%	1h	503.46	+0.008%	$414K	$67K	20x	as long as short
tradeXYZ xyz:MSFT	−0.0022%	1h	503.18	−0.048%	$22.4M	$8.9M	20x	as long as short
BloFin MSFT-USDT	−0.0001%	8h	503.60	+0.036%	$190K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.47	+0.010%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.43	+0.002%	$342K	$1.5M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.57	+0.030%	$15.8M	$19.4M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.32	−0.020%	$7.3M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAPshort	0.0000%	8h	503.51	+0.018%	$3.0M	$2.4M	20x
Gate MSFT_USDT	0.0000%	8h	503.28	−0.028%	$3.1M	$1.8M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	503.54	+0.024%	$3.8M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.65	+0.045%	$1.3M	$414K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.66	+0.048%	$19K	$328K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.33	+0.181%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.30	−0.024%	$27K	$44K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	503.66	+0.048%	$682K	$462K	10x	as long as short
HTX MSFT-USDTlong	0.0000%	8h	503.42	long leg	$59K	$226K	20x
Phemex MSFTUSDT	0.0000%	8h	503.66	+0.048%	$2.2M	$823K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.32	−0.020%	$695K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.54	+0.024%	$1.2M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.33	−0.018%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.71	+0.058%	—	$1K	25x	as long as short
Hotstuff MSFT-PERP	+0.0048%	1h	503.21	−0.042%	$32K	$8K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.22	−0.040%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.37	−0.010%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.22	−0.040%	$512K	$439K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	503.46	+0.008%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.38	−0.008%	$11K	$15K	20x	as long as short
Lighter MSFT	+0.0080%	1h	503.53	+0.022%	$1.2M	$518K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.00	−0.083%	$1.6M	$61K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.41	−0.002%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.48	+0.012%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.46	+0.008%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.98	+0.111%	$115K	$45K	30x	as long as short