Settings8H · net · $10k
Funding arb · Price arb /

MSFT

RWAall MSFT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.10 per $10,000 · paid last 24h +0.020%
Price spread now: Vest against Coinbase International+0.188%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Vest is 0.188% dearer against Coinbase International than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MSFT-PERP-INTX500.97−0.0032get 0.0004% / 1h28m 48s$677K$447K10x
ShortVest MSFT-USD-PERP501.910.0046get 0.0006% / 1h28m 48s$1K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Coinbase International. 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

Funding earned
$16.31
Price spread: +0.188% → 0.000%
$18.76
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Vest: 1 bp × 2 orders
−$2
Net
$23.08
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Coinbase International: live order book, 24 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 24 min ago1.70 bp7.4 bp −$711.1 bp −$111doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MSFTUSDC−0.0515%4h502.04+0.213%$102K$244K10xas long as short
Nado MSFT-PERP−0.0098%1h501.89+0.184%$414K$64K20xas long as short
Coinbase International MSFT-PERP-INTXlong−0.0032%1h500.97long leg$677K$447K10x
BloFin MSFT-USDT−0.0028%8h502.10+0.226%$189K$204K20xas long as short
tradeXYZ xyz:MSFT−0.0004%1h501.89+0.184%$22.1M$8.7M20xas long as short
Aster MSFTUSDT0.0000%8h502.15+0.235%$161K$116K20xas long as short
Extended MSFT_24_5-USD0.0000%1h502.17+0.239%$337K$881K17xas long as short
Binance MSFTUSDT0.0000%8h502.32+0.269%$15.8M$19.1M20xas long as short
Bybit MSFTUSDT0.0000%8h502.02+0.210%$7.2M$2.2M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h502.28+0.261%$3.0M$2.3M20xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MSFT_USDT0.0000%8h502.00+0.206%$3.1M$1.7M100xas long as short
Bitget MSFTUSDT0.0000%8h501.98+0.202%$4.5M$2.5M100xas long as short
Variational Omni MSFT0.0000%8h502.04+0.213%$1.3M$607Kas long as short
GRVT MSFT_USDT_Perp0.0000%8h502.05+0.215%$18K$297K10xas long as short
SunX MSFT-USDT0.0000%8h502.82+0.369%$6K$4.0M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h501.87+0.180%$27K$42K10xas long as short
HTX MSFT-USDT0.0000%8h501.92+0.190%$59K$225K20xas long as short
Phemex MSFTUSDT0.0000%8h502.38+0.281%$2.2M$774K10xas long as short
Lighter MSFT+0.0032%1h502.23+0.252%$1.1M$503K20xas long as short
Lighter RH MSFT+0.0032%1h502.02+0.210%$678K$2.0M20xas long as short
QFEX MSFT-USD+0.0035%1h501.88+0.182%$1.1M$4.9M10xas long as short
Hotstuff MSFT-PERP+0.0040%1h501.59+0.124%$32K$8K20xas long as short
Arcus MSFT-USD+0.0040%1h501.72+0.150%$96K$110K10xas long as short
Vest MSFT-USD-PERPshort+0.0046%1h501.91+0.188%$1K25x
Phoenix MSFT+0.0048%1h501.61+0.128%$10K$15K20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h501.57+0.120%$303K$697K10xas long as short
SoDEX MSFT-USD+0.0050%1h501.80+0.166%$60K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h501.70+0.146%$519K$452K15xas long as short
Paradex MSFT-USD-PERP+0.0053%8h501.99+0.203%$2215xas long as short
KuCoin MSFTUSDTM+0.0100%8h501.74+0.154%$1.6M$52K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h501.65+0.136%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h501.94+0.194%$8K10xas long as short
Aevo MSFT-PERP+0.0104%1h501.93+0.193%$5510xas long as short
Injective MSFT/USDC PERP+0.0220%1h502.14+0.234%$115K$45K30xas long as short