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: Variational Omni against Aster−0.024%7-day average −0.013% · you buy dearer than you sell

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.024%, 7d avg −0.013%

Together, before fees+0.074%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MSFTUSDT	501.82	0	get 0.0000% / 8h	6h 04m	$161K	$116K	20x
Short	Variational Omni MSFT	501.70	0	get 0.0000% / 8h	6h 04m	$1.3M	$652K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.013%: −$1.06
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.06
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 62 min ago; Variational Omni: RFQ quote, 5 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 Aster live order book, 62 min ago	9.77 bp	22.4 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.53 bp	doesn't fit	17.0 bp −$170	doesn't fit	doesn't fit

MSFT on 33 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
Deribit MSFT_USDC-PERPETUAL	−0.0129%	1h	501.37	−0.089%	$27K	$41K	10x	as long as short
Nado MSFT-PERP	−0.0031%	1h	501.59	−0.046%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.24	−0.115%	$679K	$457K	10x	as long as short
Aster MSFTUSDTlong	0.0000%	8h	501.82	long leg	$161K	$116K	20x
Extended MSFT_24_5-USD	0.0000%	1h	501.60	−0.042%	$337K	$899K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.72	−0.019%	$15.6M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.74	−0.015%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.79	−0.005%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.55	−0.053%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.74	−0.015%	$4.5M	$2.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFTshort	0.0000%	8h	501.70	−0.024%	$1.3M	$652K	—
GRVT MSFT_USDT_Perp	0.0000%	8h	501.72	−0.019%	$18K	$296K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.48	+0.132%	$6K	$4.1M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.63	−0.037%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.87	+0.011%	$2.2M	$765K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.54	−0.055%	$641K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	501.54	−0.055%	$1.1M	$5.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.52	−0.059%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.76	−0.011%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.36	−0.091%	$22.1M	$9.3M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.26	−0.111%	$303K	$671K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.60	−0.043%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.32	−0.099%	$522K	$483K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	501.62	−0.039%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.56	−0.051%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.42	−0.079%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.63	−0.037%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.60	−0.043%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.58	−0.048%	$55	—	10x	as long as short
Lighter MSFT	+0.0136%	1h	501.80	−0.003%	$1.1M	$489K	20x	as long as short
Hotstuff MSFT-PERP	+0.0168%	1h	501.36	−0.091%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.78	−0.007%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0549%	4h	501.71	−0.022%	$102K	$243K	10x	as long as short