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: HTX against OKX−0.010%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.010%, 7d avg −0.011%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MSFT-USDT-SWAP	503.53	0	get 0.0000% / 8h	7m 42s	$3.0M	$2.4M	20x
Short	HTX MSFT-USDT	503.48	0	get 0.0000% / 8h	7m 42s	$59K	$225K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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 OKXbpFee HTXbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → −0.011%: $0.15
Slippage, 4 orders: −$13.44
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$35.29
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; HTX: live order book, 29 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 OKX live order book, 4 min ago	1.59 bp	9.6 bp −$10	18.3 bp −$183	doesn't fit	doesn't fit
Sell HTX live order book, 29 min ago	2.68 bp	8.7 bp −$9	13.4 bp −$134	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	−0.0054%	1h	503.40	−0.027%	$414K	$67K	20x	as long as short
tradeXYZ xyz:MSFT	−0.0004%	1h	503.12	−0.081%	$22.4M	$8.8M	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.51	−0.005%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.48	−0.009%	$339K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.60	+0.014%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.30	−0.046%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAPlong	0.0000%	8h	503.53	long leg	$3.0M	$2.4M	20x
Gate MSFT_USDT	0.0000%	8h	503.30	−0.046%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.54	+0.002%	$3.8M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.50	−0.007%	$1.3M	$402K	—	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	503.61	+0.015%	$19K	$320K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.37	+0.167%	$6K	$3.8M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.36	−0.034%	$27K	$44K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	503.07	−0.091%	$687K	$454K	10x	as long as short
HTX MSFT-USDTshort	0.0000%	8h	503.48	−0.010%	$59K	$225K	20x
Phemex MSFTUSDT	0.0000%	8h	503.68	+0.030%	$2.2M	$818K	10x	as long as short
BloFin MSFT-USDT	+0.0026%	8h	503.57	+0.008%	$191K	$206K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.49	−0.008%	$1.2M	$532K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.39	−0.028%	$706K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.55	+0.004%	$1.1M	$4.6M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.33	−0.040%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.65	+0.024%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.26	−0.054%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.31	−0.044%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.17	−0.071%	$512K	$428K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	503.47	−0.012%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.38	−0.030%	$11K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0064%	1h	503.12	−0.081%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.02	−0.101%	$1.6M	$73K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.16	−0.073%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.46	−0.014%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.48	−0.010%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.80	+0.054%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0771%	4h	503.52	−0.003%	$102K	$242K	10x	as long as short