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

MSFT

RWAall MSFT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%
Price spread now: Bitget against Aevo−0.009%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo MSFT-PERP502.060.0104pay 0.0013% / 1h16m 39s$5510x
ShortBitget MSFTUSDT502.020get 0.0000% / 8h1h 16m$3.8M$2.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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
−$21.84
Price spread: −0.009% → 0.000%
−$0.88
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$50.72
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Bitget live order book, 1 min ago1.00 bp10.2 bp −$1014.0 bp −$14044.1 bp −$4,412doesn't fit
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MSFT on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MSFTUSDC−0.0696%4h502.08+0.004%$102K$243K10xas long as short
BloFin MSFT-USDT−0.0028%8h502.16+0.019%$188K$210K20xas long as short
Aster MSFTUSDT0.0000%8h502.15+0.017%$161K$116K20xas long as short
Extended MSFT_24_5-USD0.0000%1h501.89−0.034%$337K$392K17xas long as short
Binance MSFTUSDT0.0000%8h502.00−0.013%$15.7M$19.2M20xas long as short
OKX MSFT-USDT-SWAP0.0000%8h501.97−0.019%$3.0M$2.3M20xas long as short
Gate MSFT_USDT0.0000%8h501.83−0.047%$3.1M$1.6M100xas long as short
Bitget MSFTUSDTshort0.0000%8h502.02−0.009%$3.8M$2.2M100x
Variational Omni MSFT0.0000%8h502.09+0.005%$1.3M$702Kas long as short
GRVT MSFT_USDT_Perp0.0000%8h502.10+0.008%$19K$312K10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX MSFT-USDT0.0000%8h502.87+0.160%$6K$4.3M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h501.77−0.059%$27K$100K10xas long as short
Coinbase International MSFT-PERP-INTX0.0000%1h501.58−0.096%$688K$449K10xas long as short
HTX MSFT-USDT0.0000%8h501.91−0.031%$59K$227K20xas long as short
Phemex MSFTUSDT0.0000%8h502.23+0.033%$2.2M$758K10xas long as short
Nado MSFT-PERP+0.0008%1h501.88−0.036%$414K$64K20xas long as short
Bybit MSFTUSDT+0.0018%8h502.06−0.001%$7.4M$1.7M100xas long as short
Lighter RH MSFT+0.0032%1h501.82−0.049%$652K$2.1M20xas long as short
QFEX MSFT-USD+0.0040%1h501.97−0.019%$1.1M$5.8M10xas long as short
Vest MSFT-USD-PERP+0.0046%1h501.92−0.029%$1K25xas long as short
tradeXYZ xyz:MSFT+0.0050%1h501.60−0.093%$22.3M$9.7M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h501.63−0.087%$305K$674K10xas long as short
SoDEX MSFT-USD+0.0050%1h501.98−0.017%$60K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h501.77−0.059%$529K$493K15xas long as short
Paradex MSFT-USD-PERP+0.0059%8h501.85−0.043%$2215xas long as short
Phoenix MSFT+0.0080%1h501.89−0.035%$10K$15K20xas long as short
Hotstuff MSFT-PERP+0.0080%1h501.73−0.067%$32K$8K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h501.47−0.118%$1.5M$19K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h501.77−0.059%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h502.01−0.011%$8K10xas long as short
Aevo MSFT-PERPlong+0.0104%1h502.06long leg$5510x
Lighter MSFT+0.0128%1h502.00−0.013%$1.1M$590K20xas long as short
Arcus MSFT-USD+0.0200%1h501.89−0.035%$98K$109K10xas long as short
Injective MSFT/USDC PERP+0.0220%1h502.30+0.047%$115K$45K30xas long as short