Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%
Price spread now: Vest against Phemex−0.020%45s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=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. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MSFTUSDT | 501.70 | 0 | get 0.0000% / 8h | 5h 51m | $2.2M | $762K | 10x |
| Short | Vest MSFT-USD-PERP | 501.60 | 0.0046 | get 0.0006% / 1h | 51m 22s | — | $1K | 25x |
Phemex MSFTUSDT
Vest MSFT-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: −0.020% → 0.000%
- −$1.99
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$6.4
- Costs to cover
- 0.140%
- Break-even
- 11.7 days
Slippage unknown: Phemex: live order book, 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 Phemex live order book, 2 min ago | 0.20 bp | 30.5 bp −$30 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSFT-PERP | −0.0136% | 1h | 501.51 | −0.037% | $414K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 501.24 | −0.092% | $679K | $456K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.0004% | 1h | 501.15 | −0.110% | $22.1M | $9.1M | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.73 | +0.006% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.46 | −0.048% | $338K | $891K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.57 | −0.026% | $15.6M | $18.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.67 | −0.006% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.80 | +0.020% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.39 | −0.062% | $3.1M | $1.6M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.59 | −0.022% | $4.5M | $2.5M | 100x | as long as short |
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
tradeXYZ xyz:MSFT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 501.53 | −0.034% | $1.3M | $650K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.63 | −0.014% | $18K | $293K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.39 | +0.138% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.24 | −0.092% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.48 | −0.044% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDTlong | 0.0000% | 8h | 501.70 | long leg | $2.2M | $762K | 10x | |
| QFEX MSFT-USD | +0.0030% | 1h | 501.47 | −0.046% | $1.1M | $5.7M | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.43 | −0.054% | $664K | $2.0M | 20x | as long as short |
| Lighter MSFT | +0.0040% | 1h | 501.72 | +0.004% | $1.1M | $454K | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.41 | −0.058% | $97K | $109K | 10x | as long as short |
| Vest MSFT-USD-PERPshort | +0.0046% | 1h | 501.60 | −0.020% | — | $1K | 25x | |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.16 | −0.108% | $303K | $646K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.51 | −0.038% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.14 | −0.112% | $522K | $481K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0053% | 8h | 501.58 | −0.024% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 501.46 | −0.048% | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0080% | 1h | 501.20 | −0.100% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.43 | −0.054% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.24 | −0.092% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.47 | −0.046% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.45 | −0.049% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.87 | +0.034% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0799% | 4h | 501.52 | −0.035% | $102K | $243K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
QFEX MSFT-USD
Lighter RH MSFT
Lighter MSFT
Arcus MSFT-USD
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC