Funding arb · Price arb /

MSFT

RWAall MSFT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Aster against Vest−0.030%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.030% cheaper against Vest than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSFT-USD-PERP	501.37	0.0046	pay 0.0006% / 1h	57m 50s	—	$1K	25x
Short	Aster MSFTUSDT	501.22	0	get 0.0000% / 8h	3h 57m	$161K	$116K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Vest. 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 VestbpFee AsterbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$9.59
Price spread: −0.030% → 0.000%: −$2.99
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.58
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Aster: live order book, 58 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 Aster live order book, 58 min ago	9.37 bp	22.8 bp −$23	doesn't fit	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
edgeX MSFTUSDC	−0.0907%	4h	501.26	−0.021%	$102K	$244K	10x	as long as short
Nado MSFT-PERP	−0.0119%	1h	501.20	−0.034%	$414K	$64K	20x	as long as short
tradeXYZ xyz:MSFT	−0.0050%	1h	500.88	−0.098%	$22.0M	$8.7M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	−0.0049%	1h	500.96	−0.082%	$27K	$42K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	500.97	−0.080%	$677K	$450K	10x	as long as short
Aster MSFTUSDTshort	0.0000%	8h	501.22	−0.030%	$161K	$116K	20x
Extended MSFT_24_5-USD	0.0000%	1h	501.22	−0.029%	$337K	$887K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.36	−0.002%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.06	−0.062%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.52	+0.030%	$3.0M	$2.3M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MSFT_USDT	0.0000%	8h	501.17	−0.040%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.29	−0.016%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.27	−0.020%	$1.3M	$609K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.29	−0.015%	$19K	$301K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.12	+0.150%	$6K	$4.0M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.16	−0.042%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.46	+0.018%	$2.2M	$769K	10x	as long as short
BloFin MSFT-USDT	+0.0010%	8h	501.36	−0.002%	$189K	$204K	20x	as long as short
Hotstuff MSFT-PERP	+0.0024%	1h	500.90	−0.094%	$32K	$8K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.08	−0.058%	$677K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	501.24	−0.026%	$1.1M	$4.9M	10x	as long as short
Lighter MSFT	+0.0040%	1h	501.37	0.000%	$1.1M	$498K	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.04	−0.066%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERPlong	+0.0046%	1h	501.37	long leg	—	$1K	25x
Phoenix MSFT	+0.0048%	1h	501.08	−0.058%	$10K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.98	−0.078%	$302K	$697K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.15	−0.044%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.85	−0.104%	$527K	$443K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	501.26	−0.023%	$221	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.97	−0.080%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.08	−0.058%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.20	−0.034%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.22	−0.029%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.70	+0.265%	$115K	$45K	30x	as long as short