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 −0.003%

Price spread now: Bitget against Variational Omni−0.003%7-day average +0.004% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 7 days+0.012%+$1 · spread now −0.003%, 7d avg +0.004%

Together, before fees+0.018%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSFT	503.60	0	get 0.0000% / 8h	1h 04m	$1.3M	$414K	—
Short	Bitget MSFTUSDT	503.58	0	get 0.0000% / 8h	1h 04m	$3.8M	$3.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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 Variational OmnibpFee BitgetbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.004%: −$0.75
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12.75
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Bitget: live order book, 3 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 5 min ago	2.53 bp	doesn't fit	22.4 bp −$224	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.99 bp	8.7 bp −$9	12.6 bp −$126	48.0 bp −$4,804	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	−0.0748%	4h	503.68	+0.017%	$102K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	+0.013%	$682K	$499K	10x	as long as short
BloFin MSFT-USDT	−0.0001%	8h	503.74	+0.028%	$190K	$207K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.33	−0.054%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.47	−0.024%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.62	+0.005%	$15.8M	$19.5M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.36	−0.047%	$7.3M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.70	+0.020%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.34	−0.051%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDTshort	0.0000%	8h	503.58	−0.003%	$3.8M	$3.0M	100x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFTlong	0.0000%	8h	503.60	long leg	$1.3M	$414K	—
GRVT MSFT_USDT_Perp	0.0000%	8h	503.72	+0.024%	$18K	$328K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.48	+0.175%	$6K	$3.9M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.50	−0.019%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.74	+0.028%	$2.2M	$823K	10x	as long as short
Nado MSFT-PERP	+0.0022%	1h	503.26	−0.066%	$414K	$67K	20x	as long as short
Hotstuff MSFT-PERP	+0.0024%	1h	503.21	−0.077%	$32K	$8K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0028%	1h	503.42	−0.035%	$27K	$44K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.37	−0.045%	$694K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.54	−0.011%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.40	−0.039%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.63	+0.007%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.22	−0.075%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.30	−0.059%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.42	−0.035%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.09	−0.101%	$513K	$453K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0057%	8h	503.45	−0.030%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.38	−0.043%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.10	−0.099%	$1.6M	$60K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.24	−0.071%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.50	−0.019%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.56	−0.008%	$55	—	10x	as long as short
Lighter MSFT	+0.0144%	1h	503.52	−0.015%	$1.2M	$533K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.98	+0.076%	$115K	$45K	30x	as long as short