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: Aster against HTX+0.048%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$600.598% of the position

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now +0.048%, 7d avg +0.027%

Together, before fees−0.043%+ Points / potential airdropAster: Stage 5 · farm board−$4 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: Aster is 0.021% dearer against HTX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MSFT-USDT	501.52	0	get 0.0000% / 8h	6h 01m	$59K	$226K	20x
Short	Aster MSFTUSDT	501.76	0	get 0.0000% / 8h	6h 01m	$161K	$116K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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 HTXbpFee AsterbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → +0.027%: $2.1
Slippage, 4 orders: −$39.81
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$57.71
Costs to cover: 0.598%
Break-even: never at this rate

Slippage from HTX: live order book, 65 min ago; Aster: live order book, 65 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 HTX live order book, 65 min ago	2.99 bp	10.4 bp −$10	19.4 bp −$194	doesn't fit	doesn't fit
Sell Aster live order book, 65 min ago	9.77 bp	18.0 bp −$18	doesn't fit	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
Nado MSFT-PERP	−0.0037%	1h	501.52	0.000%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.24	−0.056%	$679K	$457K	10x	as long as short
Aster MSFTUSDTshort	0.0000%	8h	501.76	+0.048%	$161K	$116K	20x
Extended MSFT_24_5-USD	0.0000%	1h	501.54	+0.004%	$337K	$893K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.57	+0.010%	$15.6M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.72	+0.040%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.90	+0.076%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.51	−0.002%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.66	+0.028%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.70	+0.035%	$1.3M	$652K	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.58	+0.012%	$19K	$295K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.43	+0.181%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.33	−0.038%	$27K	$41K	10x	as long as short
HTX MSFT-USDTlong	0.0000%	8h	501.52	long leg	$59K	$226K	20x
Phemex MSFTUSDT	0.0000%	8h	501.78	+0.052%	$2.2M	$762K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.47	−0.010%	$650K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	501.54	+0.004%	$1.1M	$5.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.48	−0.008%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.70	+0.036%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.32	−0.040%	$22.1M	$9.3M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.24	−0.056%	$303K	$671K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.56	+0.008%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.32	−0.040%	$522K	$483K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	501.59	+0.014%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.41	−0.022%	$10K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0088%	1h	501.32	−0.040%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.35	−0.034%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.46	−0.012%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.51	−0.002%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.53	+0.002%	$55	—	10x	as long as short
Lighter MSFT	+0.0128%	1h	501.73	+0.042%	$1.1M	$489K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.87	+0.070%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0361%	4h	501.62	+0.021%	$102K	$243K	10x	as long as short