Settings8H · net · $10k
Funding arb · Price arb /

MSFT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0016%/8h= −1.7% APRnext payment $0.02 per $10,000 · paid last 24h +0.019%
Price spread now: Vest against Nado+0.035%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · Vest: Active · farm boardneeds both histories
The price spread pays, funding is against you. Vest is 0.035% dearer against Nado than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado MSFT-PERP504.110.0061pay 0.0008% / 1h9m 08s$412K$70K20x
ShortVest MSFT-USD-PERP504.290.0046get 0.0006% / 1h9m 08s$1K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Nado. 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

Funding earned
−$3.29
Price spread: +0.035% → 0.000%
$3.49
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Vest: 1 bp × 2 orders
−$2
Net
−$8.79
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Nado: live order book, 41 min ago; Vest: 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
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 41 min ago0.89 bp11.3 bp −$1122.7 bp −$227doesn't fitdoesn't fit
Sell Vest no order-book sample
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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MSFT-PERP-INTX−0.0032%1h504.02−0.019%$692K$480K10xas long as short
Hotstuff MSFT-PERP−0.0008%1h504.23+0.023%$33K$8K20xas long as short
Aster MSFTUSDT0.0000%8h504.78+0.132%$166K$118K20xas long as short
Extended MSFT_24_5-USD0.0000%1h504.28+0.034%$325K$1.9M17xas long as short
Bybit MSFTUSDT0.0000%8h504.12+0.001%$7.3M$2.3M100xas long as short
Gate MSFT_USDT0.0000%8h504.22+0.021%$3.1M$1.9M100xas long as short
Bitget MSFTUSDT0.0000%8h504.45+0.067%$3.9M$2.8M100xas long as short
Variational Omni MSFT0.0000%8h504.55+0.087%$1.3M$390Kas long as short
SunX MSFT-USDT0.0000%8h505.23+0.221%$6K$3.5M20xas long as short
HTX MSFT-USDT0.0000%8h504.27+0.031%$49K$246K20xas long as short
Show all 34 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex MSFTUSDT0.0000%8h504.93+0.162%$2.3M$893K10xas long as short
Binance MSFTUSDT+0.0004%8h504.43+0.063%$16.3M$19.9M20xas long as short
BloFin MSFT-USDT+0.0010%8h504.50+0.077%$202K$209K20xas long as short
Lighter MSFT+0.0032%1h504.17+0.011%$1.2M$482K20xas long as short
Lighter RH MSFT+0.0032%1h504.21+0.019%$692K$1.8M20xas long as short
Vest MSFT-USD-PERPshort+0.0046%1h504.29+0.035%$1K25x
Phoenix MSFT+0.0048%1h503.98−0.027%$11K$5K20xas long as short
tradeXYZ xyz:MSFT+0.0050%1h503.91−0.040%$22.5M$9.0M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h504.05−0.013%$318K$677K10xas long as short
SoDEX MSFT-USD+0.0050%1h504.28+0.033%$61K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h503.82−0.058%$532K$379K15xas long as short
Arcus MSFT-USD+0.0052%1h504.14+0.005%$93K$83K10xas long as short
edgeX MSFTUSDC+0.0054%4h504.40+0.058%$103K$243K10xas long as short
OKX MSFT-USDT-SWAP+0.0057%8h504.61+0.098%$3.2M$2.7M20xas long as short
Paradex MSFT-USD-PERP+0.0058%8h504.15+0.008%$2225xas long as short
QFEX MSFT-USD+0.0061%1h504.35+0.047%$1.1M$4.7M10xas long as short
Nado MSFT-PERPlong+0.0061%1h504.11long leg$412K$70K20x
Deribit MSFT_USDC-PERPETUAL+0.0087%1h504.12+0.001%$27K$45K10xas long as short
KuCoin MSFTUSDTM+0.0100%8h503.81−0.060%$1.6M$200K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h504.06−0.011%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h504.33+0.043%$8K10xas long as short
Aevo MSFT-PERP+0.0104%1h504.30+0.037%$5510xas long as short
GRVT MSFT_USDT_Perp+0.0143%8h504.59+0.094%$19K$315K10xas long as short
Injective MSFT/USDC PERP+0.0220%1h504.37+0.051%$115K$45K30xas long as short