Funding arb · Price arb /

MSFT

RWAall MSFT markets

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 Aster+0.070%7-day average −0.014% · 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−$610.612% of the position

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.070%, 7d avg −0.014%

Together, before fees−0.079%+ Points / potential airdropAster: Stage 5 · farm board−$8 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: OKX is 0.084% dearer against Aster than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MSFTUSDT	503.78	0	get 0.0000% / 8h	1h 45m	$162K	$114K	20x
Short	OKX MSFT-USDT-SWAP	504.13	0	get 0.0000% / 8h	1h 45m	$3.0M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Aster. 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 AsterbpFee OKXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → −0.014%: $8.4
Slippage, 4 orders: −$43.22
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$52.82
Costs to cover: 0.612%
Break-even: never at this rate

Slippage from Aster: live order book, 61 min ago; OKX: live order book, 2 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 Aster live order book, 61 min ago	12.82 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.10 bp	9.6 bp −$10	18.1 bp −$181	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
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	−0.023%	$682K	$500K	10x	as long as short
Aster MSFTUSDTlong	0.0000%	8h	503.78	long leg	$162K	$114K	20x
Extended MSFT_24_5-USD	0.0000%	1h	503.91	+0.026%	$341K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.02	+0.048%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.76	−0.003%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAPshort	0.0000%	8h	504.13	+0.070%	$3.0M	$2.4M	20x
Gate MSFT_USDT	0.0000%	8h	503.82	+0.009%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.07	+0.058%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.96	+0.036%	$1.3M	$499K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.05	+0.054%	$18K	$327K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	504.77	+0.197%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.70	−0.015%	$27K	$43K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.76	−0.003%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.14	+0.072%	$2.2M	$820K	10x	as long as short
Nado MSFT-PERP	+0.0012%	1h	503.67	−0.021%	$415K	$67K	20x	as long as short
BloFin MSFT-USDT	+0.0020%	8h	503.99	+0.042%	$190K	$207K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.82	+0.009%	$689K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.98	+0.040%	$1.2M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.76	−0.003%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.97	+0.038%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.56	−0.043%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.64	−0.027%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.82	+0.009%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.67	−0.021%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	503.86	+0.017%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.77	−0.001%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.36	−0.083%	$1.6M	$58K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.69	−0.017%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.90	+0.024%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.91	+0.027%	$55	—	10x	as long as short
Lighter MSFT	+0.0136%	1h	504.04	+0.052%	$1.2M	$514K	20x	as long as short
Hotstuff MSFT-PERP	+0.0144%	1h	503.58	−0.039%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.13	+0.070%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0680%	4h	504.02	+0.048%	$103K	$244K	10x	as long as short