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 +0.014%

Price spread now: Vest against OKX−0.038%7-day average — · you buy dearer than you sell

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

Long on OKX 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 0.038% cheaper against OKX than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.8 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	OKX MSFT-USDT-SWAP	501.78	0	get 0.0000% / 8h	2h 04m	$3.0M	$2.3M	20x
Short	Vest MSFT-USD-PERP	501.59	0.0046	get 0.0006% / 1h	4m 04s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against OKX. 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 OKXbpFee VestbpOrdersPrice spread, now −0.038%Rate

Funding earned: $9.59
Price spread: −0.038% → 0.000%: −$3.79
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$6.19
Costs to cover: 0.120%
Break-even: 11.5 days

Slippage unknown: OKX: 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 OKX live order book, 3 min ago	0.10 bp	7.7 bp −$8	16.9 bp −$169	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
Hotstuff MSFT-PERP	−0.0072%	1h	501.37	−0.082%	$32K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	501.47	−0.062%	$690K	$433K	10x	as long as short
BloFin MSFT-USDT	−0.0021%	8h	501.86	+0.016%	$188K	$210K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.00	+0.043%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.77	−0.001%	$372K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.83	+0.010%	$15.7M	$19.3M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.90	+0.024%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAPlong	0.0000%	8h	501.78	long leg	$3.0M	$2.3M	20x
Gate MSFT_USDT	0.0000%	8h	501.69	−0.018%	$3.1M	$1.5M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.84	+0.012%	$3.8M	$2.2M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.88	+0.019%	$1.3M	$710K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.71	−0.014%	$19K	$328K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.68	+0.179%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.50	−0.056%	$27K	$104K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.73	−0.010%	$59K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.00	+0.044%	$2.2M	$768K	10x	as long as short
Nado MSFT-PERP	+0.0003%	1h	501.39	−0.079%	$414K	$64K	20x	as long as short
Lighter MSFT	+0.0032%	1h	501.81	+0.006%	$1.1M	$654K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.67	−0.022%	$652K	$2.2M	20x	as long as short
Vest MSFT-USD-PERPshort	+0.0046%	1h	501.59	−0.038%	—	—	25x
tradeXYZ xyz:MSFT	+0.0050%	1h	501.40	−0.076%	$22.2M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.39	−0.078%	$309K	$683K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.79	+0.002%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.43	−0.070%	$521K	$494K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.83	+0.010%	$1.1M	$5.7M	10x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	501.68	−0.021%	$221	—	5x	as long as short
Phoenix MSFT	+0.0096%	1h	501.60	−0.036%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.20	−0.116%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.23	−0.110%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.78	0.000%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.83	+0.011%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.08	+0.259%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0531%	1h	501.69	−0.018%	$109K	$90K	10x	as long as short
edgeX MSFTUSDC	+0.0657%	4h	501.84	+0.012%	$102K	$243K	10x	as long as short