Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Binance against Variational Omni+0.017%7-day average +0.006% · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 2 days (all we have)+0.011%+$1 · spread now +0.017%, 7d avg +0.006%

Together, before fees+0.028%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSFT	502.04	0	get 0.0000% / 8h	1h 11m	$1.3M	$702K	—
Short	Binance MSFTUSDT	502.13	0	get 0.0000% / 8h	1h 11m	$15.7M	$19.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → +0.006%: $1.19
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.81
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Binance: live order book, 15 min ago. 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 Variational Omni RFQ quote, 3 min ago	2.53 bp	doesn't fit	14.9 bp −$149	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.30 bp	6.1 bp −$6	9.8 bp −$98	43.9 bp −$4,387	doesn't fit

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
Aster MSFTUSDT	0.0000%	8h	502.17	+0.025%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.03	−0.003%	$337K	$392K	17x	as long as short
Binance MSFTUSDTshort	0.0000%	8h	502.13	+0.017%	$15.7M	$19.2M	20x
OKX MSFT-USDT-SWAP	0.0000%	8h	502.21	+0.033%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.87	−0.034%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.14	+0.019%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFTlong	0.0000%	8h	502.04	long leg	$1.3M	$702K	—
GRVT MSFT_USDT_Perp	0.0000%	8h	502.07	+0.006%	$19K	$309K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.88	+0.167%	$6K	$4.3M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.82	−0.044%	$27K	$101K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.58	−0.092%	$688K	$449K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.89	−0.030%	$59K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.28	+0.047%	$2.2M	$756K	10x	as long as short
Nado MSFT-PERP	+0.0002%	1h	501.86	−0.037%	$414K	$64K	20x	as long as short
Bybit MSFTUSDT	+0.0019%	8h	502.15	+0.021%	$7.4M	$1.7M	100x	as long as short
BloFin MSFT-USDT	+0.0019%	8h	502.11	+0.013%	$188K	$210K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.01	−0.006%	$650K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	501.97	−0.014%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.92	−0.024%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.73	−0.062%	$22.3M	$9.7M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.64	−0.080%	$305K	$674K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.03	−0.002%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.67	−0.074%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	501.96	−0.016%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.79	−0.050%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.63	−0.082%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.91	−0.026%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.00	−0.008%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.04	−0.001%	$55	—	10x	as long as short
Lighter MSFT	+0.0120%	1h	502.19	+0.029%	$1.1M	$590K	20x	as long as short
Hotstuff MSFT-PERP	+0.0128%	1h	501.72	−0.064%	$32K	$8K	20x	as long as short
edgeX MSFTUSDC	+0.0152%	4h	502.01	−0.007%	$102K	$242K	10x	as long as short
Arcus MSFT-USD	+0.0200%	1h	501.98	−0.012%	$98K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.30	+0.051%	$115K	$45K	30x	as long as short