Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Aster against Binance+0.019%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$560.561% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 2 days (all we have)−0.036%−$4 · spread now +0.019%, 7d avg +0.015%

Together, before fees−0.039%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSFTUSDT	501.88	0	get 0.0000% / 8h	2h 05m	$15.7M	$19.3M	20x
Short	Aster MSFTUSDT	501.98	0	get 0.0000% / 8h	2h 05m	$161K	$116K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → +0.015%: $0.42
Slippage, 4 orders: −$38.11
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$55.69
Costs to cover: 0.561%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Aster: live order book, 15 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 Binance live order book, 5 min ago	0.20 bp	7.6 bp −$8	11.9 bp −$119	44.7 bp −$4,470	doesn't fit
Sell Aster live order book, 15 min ago	9.36 bp	14.9 bp −$15	doesn't fit	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
Hotstuff MSFT-PERP	−0.0064%	1h	501.37	−0.102%	$32K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	501.47	−0.082%	$690K	$433K	10x	as long as short
Aster MSFTUSDTshort	0.0000%	8h	501.98	+0.019%	$161K	$116K	20x
Extended MSFT_24_5-USD	0.0000%	1h	501.80	−0.016%	$372K	$369K	17x	as long as short
Binance MSFTUSDTlong	0.0000%	8h	501.88	long leg	$15.7M	$19.3M	20x
Bybit MSFTUSDT	0.0000%	8h	501.76	−0.024%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.78	−0.020%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.60	−0.056%	$3.1M	$1.5M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.84	−0.008%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.81	−0.014%	$1.3M	$726K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.71	−0.034%	$19K	$328K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.64	+0.151%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.53	−0.070%	$27K	$104K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.80	−0.016%	$59K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.00	+0.023%	$2.2M	$768K	10x	as long as short
Nado MSFT-PERP	+0.0001%	1h	501.39	−0.099%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	+0.0015%	8h	501.90	+0.003%	$188K	$210K	20x	as long as short
Lighter MSFT	+0.0032%	1h	501.77	−0.022%	$1.1M	$654K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.66	−0.044%	$652K	$2.2M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.63	−0.050%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.40	−0.096%	$22.2M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.36	−0.104%	$309K	$683K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.79	−0.018%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.32	−0.112%	$521K	$485K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.76	−0.024%	$1.2M	$5.7M	10x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.68	−0.040%	$221	—	5x	as long as short
Phoenix MSFT	+0.0096%	1h	501.60	−0.056%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.20	−0.136%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.39	−0.098%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.78	−0.020%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.82	−0.012%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.89	+0.001%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0531%	1h	501.67	−0.042%	$109K	$90K	10x	as long as short
edgeX MSFTUSDC	+0.0657%	4h	501.84	−0.008%	$102K	$243K	10x	as long as short