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

MSFT

RWAall MSFT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0104%/8h= −11.4% APRnext payment $0.13 per $10,000 · paid last 24h −0.027%
Price spread now: Extended against Aevo−0.014%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 fees+ Points / potential airdropExtended: Active · farm boardneeds 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-PERP503.950.0104pay 0.0013% / 1h30m 22s$5510x
ShortExtended MSFT_24_5-USD503.870get 0.0000% / 1h30m 22s$338K$1.2M17x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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: −0.014% → 0.000%
−$1.41
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$44.25
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Extended: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Extended live order book, 3 min ago0.60 bp5.7 bp −$639.3 bp −$393doesn't fitdoesn'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−0.0721%4h503.94−0.001%$103K$244K10xas long as short
Coinbase International MSFT-PERP-INTX−0.0048%1h503.66−0.057%$682K$500K10xas long as short
BloFin MSFT-USDT−0.0027%8h504.03+0.017%$191K$206K20xas long as short
Aster MSFTUSDT0.0000%8h503.65−0.058%$162K$114K20xas long as short
Extended MSFT_24_5-USDshort0.0000%1h503.87−0.014%$338K$1.2M17x
Binance MSFTUSDT0.0000%8h503.94−0.002%$15.8M$19.6M20xas long as short
Bybit MSFTUSDT0.0000%8h503.69−0.051%$7.3M$2.3M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h503.97+0.005%$3.0M$2.4M20xas long as short
Gate MSFT_USDT0.0000%8h503.81−0.027%$3.1M$1.8M100xas long as short
Bitget MSFTUSDT0.0000%8h503.97+0.005%$3.8M$3.0M100xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MSFT0.0000%8h503.94−0.001%$1.3M$499Kas long as short
GRVT MSFT_USDT_Perp0.0000%8h504.03+0.017%$18K$327K10xas long as short
SunX MSFT-USDT0.0000%8h504.77+0.164%$6K$3.9M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h503.75−0.039%$27K$43K10xas long as short
HTX MSFT-USDT0.0000%8h503.84−0.021%$59K$225K20xas long as short
Phemex MSFTUSDT0.0000%8h503.96+0.003%$2.2M$821K10xas long as short
Nado MSFT-PERP+0.0012%1h503.66−0.057%$415K$67K20xas long as short
Lighter RH MSFT+0.0032%1h503.77−0.035%$701K$2.0M20xas long as short
QFEX MSFT-USD+0.0039%1h503.94−0.001%$1.1M$4.8M10xas long as short
Arcus MSFT-USD+0.0040%1h503.71−0.047%$97K$110K10xas long as short
Vest MSFT-USD-PERP+0.0046%1h503.89−0.011%$1K25xas long as short
tradeXYZ xyz:MSFT+0.0050%1h503.48−0.092%$22.4M$9.0M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h503.63−0.063%$303K$718K10xas long as short
SoDEX MSFT-USD+0.0050%1h503.83−0.023%$60K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h503.54−0.081%$522K$476K15xas long as short
Paradex MSFT-USD-PERP+0.0056%8h503.82−0.026%$2225xas long as short
Phoenix MSFT+0.0064%1h503.69−0.051%$11K$15K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h503.45−0.098%$1.6M$60K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h503.48−0.092%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h503.77−0.035%$8K10xas long as short
Hotstuff MSFT-PERP+0.0104%1h503.57−0.075%$32K$8K20xas long as short
Aevo MSFT-PERPlong+0.0104%1h503.95long leg$5510x
Lighter MSFT+0.0136%1h504.02+0.015%$1.2M$514K20xas long as short
Injective MSFT/USDC PERP+0.0220%1h504.21+0.052%$115K$45K30xas long as short