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

MSFT

RWAall MSFT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h 0.000%
Price spread now: Vest against tradeXYZ+0.080%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 airdroptradeXYZ: Active · Vest: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.080% dearer against tradeXYZ than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:MSFT502.79−0.0003get 0.0000% / 1h13m 29s$22.2M$8.8M20x
ShortVest MSFT-USD-PERP503.190.0046get 0.0006% / 1h13m 29s$1K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against tradeXYZ. 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
$10.14
Price spread: +0.080% → 0.000%
$7.96
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Vest: 1 bp × 2 orders
−$2
Net
−$1.91
Costs to cover
0.200%
Break-even
8.3 days
Slippage unknown: tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago0.10 bp9.7 bp −$10doesn't fitdoesn'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
Nado MSFT-PERP−0.0107%1h502.94+0.030%$415K$64K20xas long as short
Deribit MSFT_USDC-PERPETUAL−0.0088%1h502.75−0.008%$27K$42K10xas long as short
Hotstuff MSFT-PERP−0.0040%1h502.83+0.008%$32K$8K20xas long as short
Coinbase International MSFT-PERP-INTX−0.0032%1h502.66−0.026%$680K$451K10xas long as short
BloFin MSFT-USDT−0.0012%8h503.16+0.074%$189K$205K20xas long as short
tradeXYZ xyz:MSFTlong−0.0003%1h502.79long leg$22.2M$8.8M20x
Aster MSFTUSDT0.0000%8h503.02+0.046%$162K$116K20xas long as short
Extended MSFT_24_5-USD0.0000%1h503.00+0.042%$339K$884K17xas long as short
Binance MSFTUSDT0.0000%8h503.14+0.069%$15.8M$19.2M20xas long as short
Bybit MSFTUSDT0.0000%8h502.89+0.020%$7.2M$2.2M100xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX MSFT-USDT-SWAP0.0000%8h503.29+0.099%$3.0M$2.3M20xas long as short
Gate MSFT_USDT0.0000%8h502.98+0.038%$3.1M$1.8M100xas long as short
Bitget MSFTUSDT0.0000%8h503.12+0.066%$4.4M$2.6M100xas long as short
Variational Omni MSFT0.0000%8h503.14+0.069%$1.3M$606Kas long as short
GRVT MSFT_USDT_Perp0.0000%8h503.14+0.070%$19K$301K10xas long as short
SunX MSFT-USDT0.0000%8h503.97+0.235%$6K$4.0M20xas long as short
HTX MSFT-USDT0.0000%8h502.93+0.028%$59K$226K20xas long as short
Phemex MSFTUSDT0.0000%8h503.29+0.099%$2.2M$785K10xas long as short
Lighter MSFT+0.0032%1h503.14+0.070%$1.1M$504K20xas long as short
Lighter RH MSFT+0.0032%1h502.88+0.018%$679K$2.0M20xas long as short
QFEX MSFT-USD+0.0035%1h503.02+0.046%$1.1M$4.9M10xas long as short
Arcus MSFT-USD+0.0040%1h502.86+0.014%$96K$110K10xas long as short
Vest MSFT-USD-PERPshort+0.0046%1h503.19+0.080%$1K25x
Phoenix MSFT+0.0048%1h502.88+0.018%$11K$15K20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h502.78−0.002%$304K$705K10xas long as short
SoDEX MSFT-USD+0.0050%1h502.97+0.036%$60K$3K10xas long as short
Paradex MSFT-USD-PERP+0.0050%8h502.99+0.039%$2215xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h502.80+0.002%$512K$462K15xas long as short
KuCoin MSFTUSDTM+0.0100%8h502.84+0.010%$1.6M$55K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h502.84+0.010%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h503.03+0.048%$8K10xas long as short
Aevo MSFT-PERP+0.0104%1h503.04+0.050%$5510xas long as short
edgeX MSFTUSDC+0.0171%4h503.13+0.068%$102K$244K10xas long as short
Injective MSFT/USDC PERP+0.0220%1h503.08+0.058%$115K$45K30xas long as short