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
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 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).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSFT | 502.79 | −0.0003 | get 0.0000% / 1h | 13m 29s | $22.2M | $8.8M | 20x |
| Short | Vest MSFT-USD-PERP | 503.19 | 0.0046 | get 0.0006% / 1h | 13m 29s | — | $1K | 25x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy tradeXYZ live order book, 5 min ago | 0.10 bp | 9.7 bp −$10 | doesn't fit | 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 | −0.0107% | 1h | 502.94 | +0.030% | $415K | $64K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.0088% | 1h | 502.75 | −0.008% | $27K | $42K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.0040% | 1h | 502.83 | +0.008% | $32K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 502.66 | −0.026% | $680K | $451K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0012% | 8h | 503.16 | +0.074% | $189K | $205K | 20x | as long as short |
| tradeXYZ xyz:MSFTlong | −0.0003% | 1h | 502.79 | long leg | $22.2M | $8.8M | 20x | |
| Aster MSFTUSDT | 0.0000% | 8h | 503.02 | +0.046% | $162K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.00 | +0.042% | $339K | $884K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.14 | +0.069% | $15.8M | $19.2M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.89 | +0.020% | $7.2M | $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 | |
|---|---|---|---|---|---|---|---|---|
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.29 | +0.099% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 502.98 | +0.038% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.12 | +0.066% | $4.4M | $2.6M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.14 | +0.069% | $1.3M | $606K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.14 | +0.070% | $19K | $301K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 503.97 | +0.235% | $6K | $4.0M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.93 | +0.028% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.29 | +0.099% | $2.2M | $785K | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.14 | +0.070% | $1.1M | $504K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 502.88 | +0.018% | $679K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 503.02 | +0.046% | $1.1M | $4.9M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 502.86 | +0.014% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERPshort | +0.0046% | 1h | 503.19 | +0.080% | — | $1K | 25x | |
| Phoenix MSFT | +0.0048% | 1h | 502.88 | +0.018% | $11K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 502.78 | −0.002% | $304K | $705K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.97 | +0.036% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 502.99 | +0.039% | $221 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 502.80 | +0.002% | $512K | $462K | 15x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.84 | +0.010% | $1.6M | $55K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.84 | +0.010% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.03 | +0.048% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.04 | +0.050% | $55 | — | 10x | as long as short |
| edgeX MSFTUSDC | +0.0171% | 4h | 503.13 | +0.068% | $102K | $244K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.08 | +0.058% | $115K | $45K | 30x | as long as short |
tradeXYZ xyz:MSFT
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter MSFT
Lighter RH MSFT
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
edgeX MSFTUSDC
Injective MSFT/USDC PERP