Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Gate−0.028%7-day average — · you buy dearer than you sell

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

Long on Gate 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

Funding pays, the price is against you. Vest is 0.028% cheaper against Gate than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MSFT_USDT	501.21	0	get 0.0000% / 8h	4h 45m	$3.1M	$1.7M	100x
Short	Vest MSFT-USD-PERP	501.07	0.0046	get 0.0006% / 1h	45m 10s	—	$1K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Gate. 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 GatebpFee VestbpOrdersPrice spread, now −0.028%Rate

Funding earned: $9.59
Price spread: −0.028% → 0.000%: −$2.79
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: −$10.2
Costs to cover: 0.170%
Break-even: 14.4 days

Slippage unknown: Gate: 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 Gate live order book, 3 min ago	2.39 bp	12.4 bp −$12	32.9 bp −$329	doesn't fit	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
Nado MSFT-PERP	−0.0044%	1h	501.06	−0.029%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	500.97	−0.048%	$678K	$458K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.06	−0.030%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.19	−0.005%	$341K	$893K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.32	+0.022%	$15.7M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.08	−0.026%	$7.2M	$2.1M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.31	+0.020%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDTlong	0.0000%	8h	501.21	long leg	$3.1M	$1.7M	100x
Bitget MSFTUSDT	0.0000%	8h	501.32	+0.022%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.27	+0.012%	$1.3M	$617K	—	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	501.29	+0.016%	$19K	$300K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.09	+0.176%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	500.97	−0.048%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.18	−0.006%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.55	+0.068%	$2.2M	$777K	10x	as long as short
Hotstuff MSFT-PERP	+0.0024%	1h	500.84	−0.074%	$32K	$8K	20x	as long as short
BloFin MSFT-USDT	+0.0028%	8h	501.32	+0.022%	$189K	$204K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.11	−0.020%	$680K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	501.21	0.000%	$1.1M	$5.6M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.01	−0.040%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERPshort	+0.0046%	1h	501.07	−0.028%	—	$1K	25x
Phoenix MSFT	+0.0048%	1h	501.04	−0.034%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.83	−0.076%	$22.1M	$8.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.87	−0.068%	$295K	$673K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.21	0.000%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.99	−0.044%	$527K	$456K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	501.19	−0.004%	$221	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.84	−0.074%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.94	−0.054%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.19	−0.004%	$8K	—	10x	as long as short
Lighter MSFT	+0.0104%	1h	501.35	+0.028%	$1.1M	$489K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.20	−0.002%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.34	+0.026%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0292%	4h	501.27	+0.012%	$102K	$244K	10x	as long as short