Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h +0.014%

Price spread now: Vest against OKX−0.036%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Vest

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.036% cheaper against OKX than usual: you would sell low and buy high, −$4 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	OKX MSFT-USDT-SWAP	504.34	0.0051	pay 0.0051% / 8h	6h 14m	$3.2M	$2.7M	20x
Short	Vest MSFT-USD-PERP	504.16	0.0046	get 0.0006% / 1h	14m 57s	—	$1K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against OKX. 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 OKXbpFee VestbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$1.2
Price spread: −0.036% → 0.000%: −$3.57
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$16.77
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: OKX: live order book, just now; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, just now	0.69 bp	6.6 bp −$7	16.1 bp −$161	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	503.50	−0.167%	$691K	$471K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.09	−0.050%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.15	−0.038%	$325K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.31	−0.006%	$16.3M	$19.9M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.04	−0.059%	$7.3M	$2.3M	100x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.96	−0.075%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.13	−0.042%	$3.9M	$2.8M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.21	−0.026%	$1.3M	$393K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	505.05	+0.141%	$6K	$3.5M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.19	−0.030%	$52K	$240K	20x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex MSFTUSDT	0.0000%	8h	504.44	+0.020%	$2.3M	$887K	10x	as long as short
BloFin MSFT-USDT	+0.0028%	8h	504.29	−0.010%	$202K	$208K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.95	−0.077%	$1.2M	$482K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.99	−0.069%	$691K	$1.8M	20x	as long as short
Vest MSFT-USD-PERPshort	+0.0046%	1h	504.16	−0.036%	—	$1K	25x
Phoenix MSFT	+0.0048%	1h	503.97	−0.073%	$11K	$5K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.72	−0.123%	$22.5M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.86	−0.095%	$318K	$667K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.02	−0.063%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.91	−0.085%	$533K	$380K	15x	as long as short
OKX MSFT-USDT-SWAPlong	+0.0051%	8h	504.34	long leg	$3.2M	$2.7M	20x
Arcus MSFT-USD	+0.0052%	1h	503.97	−0.073%	$93K	$83K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0057%	8h	503.99	−0.069%	$222	—	5x	as long as short
QFEX MSFT-USD	+0.0061%	1h	504.31	−0.006%	$1.2M	$4.7M	10x	as long as short
Nado MSFT-PERP	+0.0064%	1h	503.81	−0.105%	$412K	$70K	20x	as long as short
edgeX MSFTUSDC	+0.0067%	4h	504.35	+0.001%	$103K	$244K	10x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.67	−0.133%	$1.6M	$192K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.93	−0.081%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.19	−0.030%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.17	−0.033%	$55	—	10x	as long as short
GRVT MSFT_USDT_Perp	+0.0118%	8h	504.37	+0.006%	$18K	$315K	10x	as long as short
Hotstuff MSFT-PERP	+0.0128%	1h	503.77	−0.113%	$32K	$8K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0207%	1h	503.94	−0.079%	$27K	$45K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.37	+0.006%	$115K	$45K	30x	as long as short