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

MSFT

RWAall MSFT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.011%
Price spread now: Vest against Coinbase International+0.066%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 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
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.066% dearer against Coinbase International than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MSFT-PERP-INTX501.580get 0.0000% / 1h23m 39s$688K$449K10x
ShortVest MSFT-USD-PERP501.910.0046get 0.0006% / 1h23m 39s$1K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Coinbase International. 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
$9.59
Price spread: +0.066% → 0.000%
$6.58
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Vest: 1 bp × 2 orders
−$2
Net
$4.17
Costs to cover
0.120%
Break-even
4.0 days
Slippage unknown: Coinbase International: live order book, 60 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 Coinbase International live order book, 60 min ago2.89 bp8.9 bp −$911.9 bp −$119doesn'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 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
BloFin MSFT-USDT−0.0021%8h502.12+0.108%$188K$210K20xas long as short
Aster MSFTUSDT0.0000%8h502.17+0.117%$161K$116K20xas long as short
Extended MSFT_24_5-USD0.0000%1h502.04+0.092%$337K$404K17xas long as short
Binance MSFTUSDT0.0000%8h502.14+0.112%$15.7M$19.2M20xas long as short
OKX MSFT-USDT-SWAP0.0000%8h502.24+0.132%$3.0M$2.3M20xas long as short
Gate MSFT_USDT0.0000%8h501.89+0.062%$3.1M$1.6M100xas long as short
Variational Omni MSFT0.0000%8h502.08+0.099%$1.3M$708Kas long as short
GRVT MSFT_USDT_Perp0.0000%8h502.05+0.094%$19K$318K10xas long as short
SunX MSFT-USDT0.0000%8h502.95+0.273%$6K$4.3M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h501.81+0.046%$27K$104K10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MSFT-PERP-INTXlong0.0000%1h501.58long leg$688K$449K10x
HTX MSFT-USDT0.0000%8h501.89+0.062%$58K$228K20xas long as short
Phemex MSFTUSDT0.0000%8h502.25+0.134%$2.2M$761K10xas long as short
Bitget MSFTUSDT+0.0003%8h502.16+0.116%$3.8M$2.2M100xas long as short
Bybit MSFTUSDT+0.0019%8h502.19+0.122%$7.4M$1.7M100xas long as short
Nado MSFT-PERP+0.0026%1h501.93+0.070%$414K$64K20xas long as short
Lighter RH MSFT+0.0032%1h501.97+0.078%$652K$2.1M20xas long as short
QFEX MSFT-USD+0.0040%1h502.03+0.090%$1.1M$5.8M10xas long as short
Vest MSFT-USD-PERPshort+0.0046%1h501.91+0.066%$1K25x
tradeXYZ xyz:MSFT+0.0050%1h501.70+0.024%$22.3M$9.7M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h501.71+0.026%$306K$676K10xas long as short
SoDEX MSFT-USD+0.0050%1h502.03+0.090%$60K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h501.79+0.042%$529K$494K15xas long as short
Paradex MSFT-USD-PERP+0.0060%8h502.04+0.092%$2215xas long as short
Phoenix MSFT+0.0080%1h501.88+0.060%$10K$15K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h501.56−0.004%$1.5M$19K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h501.89+0.062%$160K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h502.04+0.092%$8K10xas long as short
Hotstuff MSFT-PERP+0.0104%1h501.70+0.024%$32K$8K20xas long as short
Aevo MSFT-PERP+0.0104%1h502.11+0.106%$5510xas long as short
Lighter MSFT+0.0144%1h502.18+0.120%$1.1M$590K20xas long as short
Arcus MSFT-USD+0.0200%1h502.01+0.086%$98K$109K10xas long as short
Injective MSFT/USDC PERP+0.0220%1h502.17+0.118%$115K$45K30xas long as short
edgeX MSFTUSDC+0.0633%4h502.01+0.085%$102K$242K10xas long as short