Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.010%

Price spread now: Vest against Variational Omni+0.002%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Vest

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 airdropVariational Omni: Active · Vest: 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	Variational Omni MSFT	501.69	0	get 0.0000% / 8h	6h 17m	$1.3M	$682K	—
Short	Vest MSFT-USD-PERP	501.70	0.0046	get 0.0006% / 1h	17m 32s	—	$1K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Variational Omni. 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 Variational OmnibpFee VestbpOrdersPrice spread, now +0.002%Rate

Funding earned: $9.59
Price spread: +0.002% → 0.000%: $0.16
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $7.75
Costs to cover: 0.020%
Break-even: 1.3 days

Slippage unknown: Variational Omni: RFQ quote, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 2 min ago	3.58 bp	doesn't fit	17.8 bp −$178	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 33 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
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.22	−0.094%	$679K	$457K	10x	as long as short
Nado MSFT-PERP	−0.0001%	1h	501.59	−0.020%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.79	+0.020%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.63	−0.012%	$337K	$899K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.73	+0.007%	$15.6M	$18.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.67	−0.004%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.91	+0.043%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.61	−0.016%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.66	−0.006%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFTlong	0.0000%	8h	501.69	long leg	$1.3M	$682K	—

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.75	+0.012%	$18K	$296K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.53	+0.167%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.64	−0.010%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.69	0.000%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.02	+0.065%	$2.2M	$765K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.60	−0.018%	$622K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	501.59	−0.020%	$1.1M	$5.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.51	−0.036%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERPshort	+0.0046%	1h	501.70	+0.002%	—	$1K	25x
Hotstuff MSFT-PERP	+0.0048%	1h	501.43	−0.052%	$32K	$8K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.42	−0.054%	$22.1M	$9.3M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.33	−0.072%	$303K	$671K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.64	−0.010%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.46	−0.046%	$522K	$518K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	501.65	−0.008%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.60	−0.018%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.45	−0.048%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.29	−0.080%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.69	0.000%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.64	−0.010%	$55	—	10x	as long as short
Lighter MSFT	+0.0160%	1h	501.87	+0.035%	$1.1M	$489K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.78	+0.017%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0345%	4h	501.68	−0.003%	$102K	$243K	10x	as long as short