Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against Gate+0.018%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Aevo

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 days—no price history on both exchanges yet

Together, before fees—needs 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MSFT_USDT	503.38	0	get 0.0000% / 8h	5h 54m	$3.1M	$1.9M	100x
Short	Aevo MSFT-PERP	503.47	0.0104	get 0.0013% / 1h	54m 11s	$55	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now +0.018%Rate

Funding earned: $21.84
Price spread: +0.018% → 0.000%: $1.84
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$7.32
Costs to cover: 0.310%
Break-even: 9.3 days

Slippage unknown: Gate: live order book, 2 min ago; Aevo: no order-book sample. 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 Gate live order book, 2 min ago	4.07 bp	16.1 bp −$16	33.0 bp −$330	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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 exchanges

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	−0.1600%	1h	503.33	−0.010%	$32K	$8K	20x	as long as short
Nado MSFT-PERP	−0.0016%	1h	503.40	+0.003%	$411K	$72K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.22	+0.167%	$166K	$118K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.49	+0.023%	$326K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.63	+0.050%	$16.4M	$20.9M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.41	+0.006%	$7.3M	$2.3M	100x	as long as short
Gate MSFT_USDTlong	0.0000%	8h	503.38	long leg	$3.1M	$1.9M	100x
Bitget MSFTUSDT	0.0000%	8h	503.58	+0.040%	$3.9M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.47	+0.017%	$1.3M	$396K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	504.35	+0.193%	$6K	$3.5M	20x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.32	−0.012%	$30K	$47K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	502.80	−0.115%	$702K	$522K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.44	+0.012%	$48K	$246K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.84	+0.091%	$2.3M	$907K	10x	as long as short
BloFin MSFT-USDT	+0.0012%	8h	503.56	+0.036%	$202K	$212K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.46	+0.016%	$1.2M	$480K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.45	+0.014%	$692K	$1.8M	20x	as long as short
tradeXYZ xyz:MSFT	+0.0032%	1h	503.09	−0.058%	$22.5M	$9.2M	20x	as long as short
GRVT MSFT_USDT_Perp	+0.0044%	8h	503.34	−0.009%	$19K	$317K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.44	+0.012%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	502.47	−0.181%	$11K	$5K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.25	−0.026%	$318K	$677K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.43	+0.010%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.04	−0.068%	$532K	$382K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0057%	8h	503.42	+0.009%	$222	—	5x	as long as short
QFEX MSFT-USD	+0.0058%	1h	503.42	+0.008%	$1.2M	$4.7M	10x	as long as short
OKX MSFT-USDT-SWAP	+0.0064%	8h	503.67	+0.058%	$3.2M	$2.7M	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.14	−0.048%	$1.6M	$217K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.07	−0.062%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.47	+0.018%	$8K	—	10x	as long as short
edgeX MSFTUSDC	+0.0101%	4h	503.12	−0.052%	$102K	$242K	10x	as long as short
Aevo MSFT-PERPshort	+0.0104%	1h	503.47	+0.018%	$55	—	10x
Arcus MSFT-USD	+0.0190%	1h	503.31	−0.014%	$93K	$83K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.07	+0.137%	$115K	$45K	30x	as long as short