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 0.000%

Price spread now: Gate against Bitget−0.006%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.041%+$4 · spread now −0.006%, 7d avg −0.025%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSFTUSDT	501.25	0	get 0.0000% / 8h	3h 50m	$4.5M	$2.5M	100x
Short	Gate MSFT_USDT	501.22	0	get 0.0000% / 8h	3h 50m	$3.1M	$1.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.025%: $1.93
Slippage, 4 orders: −$13.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$39.03
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Gate: 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 Bitget live order book, 2 min ago	0.70 bp	8.7 bp −$9	13.6 bp −$136	54.3 bp −$5,429	doesn't fit
Sell Gate live order book, 2 min ago	2.99 bp	11.9 bp −$12	64.4 bp −$644	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
Nado MSFT-PERP	−0.0122%	1h	501.21	−0.008%	$414K	$64K	20x	as long as short
tradeXYZ xyz:MSFT	−0.0035%	1h	500.91	−0.068%	$22.1M	$8.7M	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	500.97	−0.056%	$677K	$450K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.20	−0.009%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.22	−0.006%	$337K	$883K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.35	+0.020%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.15	−0.020%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.54	+0.058%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDTshort	0.0000%	8h	501.22	−0.006%	$3.1M	$1.7M	100x
Bitget MSFTUSDTlong	0.0000%	8h	501.25	long leg	$4.5M	$2.5M	100x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.27	+0.003%	$1.3M	$607K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.28	+0.007%	$19K	$300K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.11	+0.172%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.09	−0.032%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.21	−0.008%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.40	+0.030%	$2.2M	$770K	10x	as long as short
Hotstuff MSFT-PERP	+0.0008%	1h	500.91	−0.068%	$32K	$8K	20x	as long as short
BloFin MSFT-USDT	+0.0018%	8h	501.32	+0.014%	$189K	$204K	20x	as long as short
Lighter MSFT	+0.0032%	1h	501.36	+0.022%	$1.1M	$498K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.10	−0.030%	$676K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	501.24	−0.002%	$1.1M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.04	−0.042%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.35	+0.020%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.06	−0.038%	$10K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.00	−0.050%	$302K	$697K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.20	−0.010%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.89	−0.072%	$518K	$452K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	501.27	+0.004%	$221	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.73	−0.104%	$1.6M	$52K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.93	−0.064%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.22	−0.006%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.24	−0.003%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.54	+0.058%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0713%	4h	501.28	+0.006%	$102K	$243K	10x	as long as short