Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against HTX−0.024%46s7-day average — · you buy dearer than you sell

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

Long on HTX 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 0.024% cheaper against HTX than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 42 hours of funding at the current rate (+$1 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MSFT-USDT	501.79	0	get 0.0000% / 8h	5h 31m	$59K	$225K	20x
Short	Vest MSFT-USD-PERP	501.67	0.0046	get 0.0006% / 1h	31m 25s	—	$1K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against HTX. 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 HTXbpFee VestbpOrdersPrice spread, now −0.024%Rate

Funding earned: $9.59
Price spread: −0.024% → 0.000%: −$2.39
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$6.8
Costs to cover: 0.140%
Break-even: 12.0 days

Slippage unknown: HTX: live order book, 30 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 HTX live order book, 30 min ago	2.69 bp	9.0 bp −$9	18.4 bp −$184	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
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	501.24	−0.110%	$679K	$456K	10x	as long as short
Nado MSFT-PERP	−0.0033%	1h	501.61	−0.037%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.84	+0.009%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.74	−0.011%	$338K	$891K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.90	+0.023%	$15.7M	$18.9M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.79	0.000%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.96	+0.034%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.74	−0.010%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.82	+0.006%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.82	+0.005%	$1.3M	$650K	—	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	501.87	+0.016%	$18K	$297K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.64	+0.169%	$6K	$4.1M	20x	as long as short
HTX MSFT-USDTlong	0.0000%	8h	501.79	long leg	$59K	$225K	20x
Phemex MSFTUSDT	0.0000%	8h	501.91	+0.024%	$2.2M	$768K	10x	as long as short
Hotstuff MSFT-PERP	+0.0016%	1h	501.38	−0.082%	$32K	$8K	20x	as long as short
BloFin MSFT-USDT	+0.0024%	8h	501.97	+0.036%	$189K	$204K	20x	as long as short
QFEX MSFT-USD	+0.0030%	1h	501.72	−0.014%	$1.1M	$5.6M	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.68	−0.022%	$685K	$2.0M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.63	−0.032%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERPshort	+0.0046%	1h	501.67	−0.024%	—	$1K	25x
tradeXYZ xyz:MSFT	+0.0050%	1h	501.39	−0.080%	$22.1M	$9.1M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.48	−0.062%	$302K	$648K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.77	−0.004%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.26	−0.106%	$525K	$486K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0061%	8h	501.76	−0.007%	$221	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	501.54	−0.050%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.66	−0.026%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.19	−0.120%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.73	−0.012%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.75	−0.008%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0109%	1h	501.59	−0.040%	$27K	$41K	10x	as long as short
Lighter MSFT	+0.0176%	1h	502.00	+0.042%	$1.1M	$459K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.24	+0.289%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0990%	4h	501.81	+0.005%	$102K	$244K	10x	as long as short