Funding you earn now, next payment 09:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.08 per $10,000 · paid last 24h +0.009%
Price spread now: Vest against Deribit+0.012%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MSFT_USDC-PERPETUAL | 504.26 | 0.0107 | pay 0.0013% / 1h | 38m 46s | $27K | $44K | 10x |
| Short | Vest MSFT-USD-PERP | 504.32 | 0.0046 | get 0.0006% / 1h | 38m 46s | — | $1K | 25x |
Deribit MSFT_USDC-PERPETUAL
Vest MSFT-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$12.9
- Price spread: +0.012% → 0.000%
- $1.19
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$20.71
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Vest no order-book sample | — | — | — | — | — |
Deribit and 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSFT-PERP | −0.0066% | 1h | 503.90 | −0.072% | $415K | $67K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0056% | 1h | 503.83 | −0.085% | $682K | $494K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.39 | +0.026% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.38 | +0.024% | $339K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.50 | +0.048% | $15.9M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.07 | −0.038% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.51 | +0.050% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.19 | −0.014% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.46 | +0.040% | $3.9M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 504.05 | −0.041% | $1.3M | $387K | — | as long as short |
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.03 | −0.045% | $19K | $316K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.32 | +0.210% | $6K | $3.6M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.46 | +0.040% | $59K | $224K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.76 | +0.099% | $2.2M | $829K | 10x | as long as short |
| edgeX MSFTUSDC | +0.0004% | 4h | 504.06 | −0.040% | $103K | $242K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.75 | −0.101% | $11K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0016% | 1h | 503.66 | −0.119% | $32K | $8K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0022% | 8h | 504.56 | +0.059% | $191K | $205K | 20x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 504.40 | +0.028% | $1.2M | $4.7M | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 504.24 | −0.004% | $1.2M | $511K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.19 | −0.014% | $696K | $1.9M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 504.17 | −0.018% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERPshort | +0.0046% | 1h | 504.32 | +0.012% | — | $1K | 25x | |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 504.00 | −0.052% | $22.4M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 504.02 | −0.048% | $304K | $654K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.22 | −0.008% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 504.02 | −0.048% | $514K | $411K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 504.24 | −0.004% | $222 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.92 | −0.067% | $1.6M | $104K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.61 | −0.129% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.25 | −0.002% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.13 | −0.026% | $55 | — | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUALlong | +0.0107% | 1h | 504.26 | long leg | $27K | $44K | 10x | |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 505.94 | +0.333% | $116K | $45K | 30x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
edgeX MSFTUSDC
Phoenix MSFT
Hotstuff MSFT-PERP
BloFin MSFT-USDT
QFEX MSFT-USD
Lighter MSFT
Lighter RH MSFT
Arcus MSFT-USD
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP