Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.012%

Price spread now: Vest against Binance−0.023%7-day average — · you buy dearer than you sell

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

Long on Binance 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 pays, the price is against you. Vest is 0.023% cheaper against Binance than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 41 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSFTUSDT	504.93	0	get 0.0000% / 8h	5h 03m	$16.3M	$21.8M	20x
Short	Vest MSFT-USD-PERP	504.81	0.0046	get 0.0006% / 1h	3m 27s	—	$1K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Binance. 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 BinancebpFee VestbpOrdersPrice spread, now −0.023%Rate

Funding earned: $9.59
Price spread: −0.023% → 0.000%: −$2.32
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$4.73
Costs to cover: 0.120%
Break-even: 10.4 days

Slippage unknown: Binance: live order book, 1 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 Binance live order book, 1 min ago	0.10 bp	6.3 bp −$6	10.5 bp −$105	39.2 bp −$3,919	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
Hotstuff MSFT-PERP	−0.1600%	1h	504.67	−0.051%	$33K	$8K	20x	as long as short
edgeX MSFTUSDC	−0.0420%	4h	504.94	+0.003%	$103K	$244K	10x	as long as short
Nado MSFT-PERP	−0.0027%	1h	504.59	−0.068%	$412K	$72K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.73	−0.039%	$166K	$118K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.86	−0.013%	$328K	$1.9M	17x	as long as short
Binance MSFTUSDTlong	0.0000%	8h	504.93	long leg	$16.3M	$21.8M	20x
Bybit MSFTUSDT	0.0000%	8h	504.61	−0.063%	$7.3M	$2.4M	100x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.66	−0.053%	$3.1M	$2.0M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.67	−0.051%	$4.0M	$3.1M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.90	−0.005%	$1.3M	$410K	—	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	504.94	+0.003%	$19K	$326K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	505.87	+0.187%	$6K	$3.5M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	504.00	−0.184%	$712K	$657K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.87	−0.011%	$49K	$247K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	505.10	+0.034%	$2.3M	$942K	10x	as long as short
BloFin MSFT-USDT	+0.0027%	8h	505.10	+0.034%	$203K	$222K	20x	as long as short
Lighter MSFT	+0.0032%	1h	504.70	−0.045%	$1.2M	$526K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.72	−0.041%	$729K	$1.9M	20x	as long as short
Vest MSFT-USD-PERPshort	+0.0046%	1h	504.81	−0.023%	—	$1K	25x
tradeXYZ xyz:MSFT	+0.0050%	1h	504.42	−0.100%	$22.4M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	504.57	−0.071%	$319K	$675K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.76	−0.033%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	504.48	−0.089%	$530K	$408K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	504.73	−0.038%	$222	—	5x	as long as short
QFEX MSFT-USD	+0.0058%	1h	504.86	−0.013%	$1.2M	$4.7M	10x	as long as short
OKX MSFT-USDT-SWAP	+0.0059%	8h	504.98	+0.010%	$3.2M	$2.8M	20x	as long as short
Phoenix MSFT	+0.0079%	1h	504.72	−0.041%	$11K	$5K	20x	as long as short
KuCoin MSFTUSDTM	+0.0087%	8h	504.37	−0.110%	$1.6M	$274K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	504.60	−0.065%	$161K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.72	−0.041%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.58	−0.068%	$56	—	10x	as long as short
Arcus MSFT-USD	+0.0190%	1h	504.66	−0.053%	$94K	$83K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.69	−0.047%	$116K	$45K	30x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0583%	1h	504.84	−0.017%	$30K	$47K	10x	as long as short