Funding you earn now, next payment 08:00 UTC−0.0005%/8h= −0.6% APRnext payment −$0.01 per $10,000 · paid last 24h +0.067%
Price spread now: Arcus against Vest−0.058%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.058% cheaper against Vest than usual: you would sell low and buy high, −$6 on $10k if it 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 | Vest MSFT-USD-PERP | 503.73 | 0.0046 | pay 0.0006% / 1h | 38m 34s | — | $1K | 25x |
| Short | Arcus MSFT-USD | 503.44 | 0.0040 | get 0.0005% / 1h | 38m 34s | $97K | $110K | 10x |
Vest MSFT-USD-PERP
Arcus MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Vest. 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
- −$1.13
- Price spread: −0.058% → 0.000%
- −$5.76
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$13.39
- Costs to cover
- 0.065%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Arcus: live order book, 64 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 Vest no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 64 min ago | 3.38 bp | 11.0 bp −$11 | 13.7 bp −$137 | doesn't fit | doesn't fit |
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 | −0.0027% | 1h | 503.37 | −0.071% | $414K | $67K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0004% | 8h | 503.82 | +0.018% | $190K | $206K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.71 | −0.004% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.62 | −0.023% | $338K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.79 | +0.012% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.49 | −0.048% | $7.3M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.80 | +0.014% | $3.0M | $2.4M | 20x | as long as short |
| Hotstuff MSFT-PERP | 0.0000% | 1h | 503.25 | −0.095% | $32K | $8K | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.53 | −0.040% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.64 | −0.018% | $3.8M | $2.9M | 100x | as long as short |
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Hotstuff MSFT-PERP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 503.60 | −0.026% | $1.3M | $414K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.63 | −0.021% | $19K | $323K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.57 | +0.167% | $6K | $3.8M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.54 | −0.038% | $27K | $44K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 502.97 | −0.151% | $682K | $454K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.62 | −0.022% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.99 | +0.052% | $2.2M | $820K | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.59 | −0.028% | $1.2M | $532K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.47 | −0.052% | $707K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0037% | 1h | 503.65 | −0.016% | $1.2M | $4.7M | 10x | as long as short |
| Arcus MSFT-USDshort | +0.0040% | 1h | 503.44 | −0.058% | $97K | $110K | 10x | |
| Vest MSFT-USD-PERPlong | +0.0046% | 1h | 503.73 | long leg | — | $1K | 25x | |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.25 | −0.095% | $22.4M | $8.8M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.38 | −0.069% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.57 | −0.032% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.20 | −0.105% | $512K | $428K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0054% | 8h | 503.56 | −0.034% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.41 | −0.064% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.08 | −0.129% | $1.6M | $63K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.18 | −0.109% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.67 | −0.012% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.68 | −0.011% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.82 | +0.216% | $116K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0729% | 4h | 503.60 | −0.026% | $102K | $243K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC