Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: SoDEX against tradeXYZ+0.046%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.046% dearer against tradeXYZ than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSFT	500.98	0.0050	pay 0.0006% / 1h	32m 52s	$22.1M	$8.7M	20x
Short	SoDEX MSFT-USD	501.21	0.0050	get 0.0006% / 1h	32m 52s	$60K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against tradeXYZ. 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 tradeXYZbpFee SoDEXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → 0.000%: $4.59
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$21.41
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 6 min ago; SoDEX: 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 tradeXYZ live order book, 6 min ago	0.20 bp	10.0 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 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
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	500.97	−0.002%	$678K	$456K	10x	as long as short
Nado MSFT-PERP	−0.0017%	1h	501.12	+0.027%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.09	+0.023%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.31	+0.066%	$341K	$888K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.44	+0.092%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.10	+0.024%	$7.2M	$2.1M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.44	+0.092%	$3.0M	$2.3M	20x	as long as short
Hotstuff MSFT-PERP	0.0000%	1h	500.96	−0.004%	$32K	$8K	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.22	+0.048%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.34	+0.072%	$4.5M	$2.5M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.34	+0.071%	$1.3M	$618K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.38	+0.080%	$19K	$302K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.21	+0.246%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.05	+0.014%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.32	+0.068%	$58K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.50	+0.104%	$2.2M	$779K	10x	as long as short
BloFin MSFT-USDT	+0.0016%	8h	501.38	+0.080%	$189K	$204K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.20	+0.044%	$675K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	501.31	+0.066%	$1.1M	$5.5M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.11	+0.026%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.18	+0.040%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.01	+0.006%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFTlong	+0.0050%	1h	500.98	long leg	$22.1M	$8.7M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	500.98	0.000%	$318K	$697K	10x	as long as short
SoDEX MSFT-USDshort	+0.0050%	1h	501.21	+0.046%	$60K	$3K	10x
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.88	−0.020%	$527K	$456K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	501.30	+0.065%	$221	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.92	−0.012%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.97	−0.002%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.28	+0.060%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.31	+0.066%	$55	—	10x	as long as short
Lighter MSFT	+0.0128%	1h	501.45	+0.094%	$1.1M	$489K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.66	+0.136%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0668%	4h	501.30	+0.064%	$102K	$243K	10x	as long as short