Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: OKX against Vest+0.014%7-day average — · you sell dearer than you buy

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

Long on Vest Short on OKX

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 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSFT-USD-PERP	504.17	0.0046	pay 0.0006% / 1h	27m 51s	—	$1K	25x
Short	OKX MSFT-USDT-SWAP	504.24	0	get 0.0000% / 8h	2h 27m	$3.0M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$9.59
Price spread: +0.014% → 0.000%: $1.39
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: −$20.2
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.30 bp	8.8 bp −$9	17.3 bp −$173	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	−0.0759%	4h	503.75	−0.083%	$102K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	503.72	−0.089%	$693K	$477K	10x	as long as short
Nado MSFT-PERP	−0.0023%	1h	503.84	−0.065%	$415K	$68K	20x	as long as short
BloFin MSFT-USDT	−0.0007%	8h	503.77	−0.079%	$189K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.09	−0.017%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.05	−0.024%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.18	+0.002%	$15.8M	$19.4M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.96	−0.042%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAPshort	0.0000%	8h	504.24	+0.014%	$3.0M	$2.4M	20x
Gate MSFT_USDT	0.0000%	8h	503.92	−0.050%	$3.1M	$1.8M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	504.18	+0.002%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.95	−0.044%	$1.3M	$477K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.94	−0.046%	$19K	$317K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	505.07	+0.179%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	504.03	−0.028%	$27K	$43K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.27	+0.020%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.39	+0.044%	$2.2M	$797K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	503.58	−0.117%	$11K	$15K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.08	−0.018%	$688K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	503.83	−0.067%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.60	−0.113%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERPlong	+0.0046%	1h	504.17	long leg	—	$1K	25x
tradeXYZ xyz:MSFT	+0.0050%	1h	503.79	−0.075%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.97	−0.040%	$303K	$720K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.08	−0.018%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.47	−0.139%	$517K	$471K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	503.84	−0.065%	$222	—	5x	as long as short
Lighter MSFT	+0.0096%	1h	504.26	+0.018%	$1.2M	$516K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.48	−0.137%	$1.6M	$57K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.54	−0.125%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.14	−0.006%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.13	−0.009%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0176%	1h	503.39	−0.155%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.04	−0.026%	$115K	$45K	30x	as long as short