Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.013%

Price spread now: Vest against Bitget−0.020%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Vest

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 airdropVest: Active · farm boardneeds 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: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSFTUSDT	501.80	0	get 0.0000% / 8h	2h 29m	$3.8M	$2.2M	100x
Short	Vest MSFT-USD-PERP	501.70	0.0046	get 0.0006% / 1h	29m 29s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.020%Rate

Funding earned: $9.59
Price spread: −0.020% → 0.000%: −$1.99
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$6.4
Costs to cover: 0.140%
Break-even: 11.7 days

Slippage unknown: Bitget: live order book, 3 min ago; Vest: 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 Bitget live order book, 3 min ago	1.89 bp	8.6 bp −$9	10.9 bp −$109	38.1 bp −$3,808	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Hotstuff MSFT-PERP	−0.0104%	1h	501.36	−0.088%	$32K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	501.53	−0.054%	$689K	$433K	10x	as long as short
Nado MSFT-PERP	−0.0029%	1h	501.41	−0.077%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0023%	8h	501.82	+0.004%	$189K	$209K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.01	+0.042%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.73	−0.013%	$372K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.80	0.000%	$15.7M	$19.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.87	+0.014%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.83	+0.006%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.58	−0.044%	$3.1M	$1.5M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDTlong	0.0000%	8h	501.80	long leg	$3.8M	$2.2M	100x
Variational Omni MSFT	0.0000%	8h	501.82	+0.004%	$1.3M	$726K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.67	−0.025%	$18K	$330K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.56	+0.151%	$6K	$4.4M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.62	−0.036%	$59K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.20	+0.080%	$2.2M	$759K	10x	as long as short
Lighter MSFT	+0.0032%	1h	501.66	−0.028%	$1.1M	$653K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.56	−0.048%	$661K	$2.2M	20x	as long as short
Vest MSFT-USD-PERPshort	+0.0046%	1h	501.70	−0.020%	—	—	25x
tradeXYZ xyz:MSFT	+0.0050%	1h	501.37	−0.086%	$22.2M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.36	−0.088%	$309K	$683K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.72	−0.016%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	501.63	−0.033%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.39	−0.082%	$515K	$479K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.73	−0.014%	$1.2M	$5.7M	10x	as long as short
Phoenix MSFT	+0.0096%	1h	501.59	−0.042%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.23	−0.114%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.29	−0.102%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.66	−0.028%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.73	−0.013%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0129%	1h	501.69	−0.022%	$27K	$104K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.96	+0.032%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0333%	4h	501.77	−0.006%	$102K	$244K	10x	as long as short
Arcus MSFT-USD	+0.0531%	1h	501.59	−0.042%	$109K	$90K	10x	as long as short