Funding you earn now, next payment 09:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.03 per $10,000 · paid last 24h −0.093%
Price spread now: Hotstuff against Vest−0.212%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
=Together, before fees—+ Points / potential airdropVest: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hotstuff is 0.212% cheaper against Vest than usual: you would sell low and buy high (−$21 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 | 504.16 | 0.0046 | pay 0.0006% / 1h | 54m 49s | — | $1K | 25x |
| Short | Hotstuff MSFT-PERP | 503.09 | 0.0024 | get 0.0003% / 1h | 54m 49s | $32K | $8K | 20x |
Vest MSFT-USD-PERP
Hotstuff MSFT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- −$4.55
- Price spread: −0.212% → 0.000%
- −$21.22
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$32.78
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Hotstuff: 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 Vest no order-book sample | — | — | — | — | — |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Vest and Hotstuff: 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 | −0.0060% | 1h | 503.78 | −0.074% | $415K | $67K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0056% | 1h | 503.71 | −0.089% | $689K | $477K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.24 | +0.016% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.36 | +0.039% | $339K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.67 | +0.101% | $15.9M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.32 | +0.032% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.78 | +0.123% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.27 | +0.022% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.50 | +0.067% | $3.9M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.97 | −0.037% | $1.3M | $392K | — | as long as short |
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.46 | −0.139% | $19K | $318K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.37 | +0.240% | $6K | $3.7M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.34 | +0.036% | $59K | $224K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.76 | +0.119% | $2.2M | $823K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0017% | 8h | 504.30 | +0.028% | $192K | $205K | 20x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 504.00 | −0.032% | $1.2M | $4.6M | 10x | as long as short |
| Hotstuff MSFT-PERPshort | +0.0024% | 1h | 503.09 | −0.212% | $32K | $8K | 20x | |
| Lighter MSFT | +0.0032% | 1h | 504.32 | +0.032% | $1.2M | $509K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.26 | +0.020% | $706K | $1.8M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.79 | −0.073% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERPlong | +0.0046% | 1h | 504.16 | long leg | — | $1K | 25x | |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 504.10 | −0.012% | $22.5M | $8.8M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.80 | −0.071% | $303K | $704K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.15 | −0.002% | $61K | $3K | 10x | as long as short |
| edgeX MSFTUSDC | +0.0050% | 4h | 503.74 | −0.083% | $102K | $242K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.58 | −0.115% | $513K | $430K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 503.78 | −0.075% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.05 | −0.220% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.82 | −0.067% | $1.6M | $88K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.95 | −0.240% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.09 | −0.014% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.15 | −0.001% | $55 | — | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0127% | 1h | 504.34 | +0.036% | $27K | $44K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.87 | −0.058% | $115K | $45K | 30x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
QFEX MSFT-USD
Lighter MSFT
Lighter RH MSFT
Arcus MSFT-USD
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
edgeX MSFTUSDC
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Deribit MSFT_USDC-PERPETUAL
Injective MSFT/USDC PERP