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

MSFT

RWAall MSFT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: SoDEX against Vest−0.028%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno 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: SoDEX is 0.028% cheaper against Vest than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest MSFT-USD-PERP501.290.0046pay 0.0006% / 1h10m 46s$1K25x
ShortSoDEX MSFT-USD501.150.0050get 0.0006% / 1h10m 46s$60K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$0.91
Price spread: −0.028% → 0.000%
−$2.79
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$11.89
Costs to cover
0.100%
Break-even
98.7 days
Slippage unknown: Vest: no order-book sample; SoDEX: 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 Vest no order-book sample
Sell SoDEX no order-book sample
Vest and SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MSFTUSDC−0.0330%4h501.40+0.022%$102K$244K10xas long as short
Coinbase International MSFT-PERP-INTX−0.0040%1h500.97−0.064%$677K$457K10xas long as short
BloFin MSFT-USDT−0.0027%8h501.33+0.008%$189K$204K20xas long as short
Nado MSFT-PERP−0.0016%1h501.19−0.020%$414K$64K20xas long as short
Aster MSFTUSDT0.0000%8h501.18−0.023%$161K$116K20xas long as short
Extended MSFT_24_5-USD0.0000%1h501.19−0.020%$337K$890K17xas long as short
Binance MSFTUSDT0.0000%8h501.38+0.019%$15.8M$19.0M20xas long as short
Bybit MSFTUSDT0.0000%8h501.03−0.052%$7.2M$2.2M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h501.43+0.028%$3.0M$2.3M20xas long as short
Gate MSFT_USDT0.0000%8h501.17−0.024%$3.1M$1.7M100xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSFTUSDT0.0000%8h501.28−0.002%$4.5M$2.5M100xas long as short
Variational Omni MSFT0.0000%8h501.23−0.012%$1.3M$613Kas long as short
GRVT MSFT_USDT_Perp0.0000%8h501.48+0.038%$19K$302K10xas long as short
SunX MSFT-USDT0.0000%8h502.11+0.164%$6K$4.0M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h501.00−0.058%$27K$41K10xas long as short
HTX MSFT-USDT0.0000%8h501.18−0.022%$59K$225K20xas long as short
Phemex MSFTUSDT0.0000%8h501.60+0.062%$2.2M$770K10xas long as short
Lighter RH MSFT+0.0032%1h501.14−0.030%$675K$2.0M20xas long as short
QFEX MSFT-USD+0.0036%1h501.17−0.024%$1.2M$5.1M10xas long as short
Arcus MSFT-USD+0.0040%1h501.10−0.038%$96K$111K10xas long as short
Vest MSFT-USD-PERPlong+0.0046%1h501.29long leg$1K25x
Phoenix MSFT+0.0048%1h501.13−0.032%$10K$15K20xas long as short
tradeXYZ xyz:MSFT+0.0050%1h500.83−0.092%$22.0M$8.7M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h500.96−0.066%$302K$722K10xas long as short
SoDEX MSFT-USDshort+0.0050%1h501.15−0.028%$60K$3K10x
Ondo Perps MSFT-USD.P+0.0050%1h500.84−0.090%$527K$443K15xas long as short
Paradex MSFT-USD-PERP+0.0056%8h501.23−0.012%$2215xas long as short
Lighter MSFT+0.0096%1h501.38+0.018%$1.1M$499K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h500.99−0.060%$1.5M$20K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h501.20−0.018%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h501.25−0.008%$8K10xas long as short
Aevo MSFT-PERP+0.0104%1h501.21−0.016%$5510xas long as short
Hotstuff MSFT-PERP+0.0168%1h500.86−0.086%$32K$8K20xas long as short
Injective MSFT/USDC PERP+0.0220%1h501.76+0.094%$115K$45K30xas long as short