Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.028%
Price spread now: Aevo against Variational Omni−0.002%7-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
=Together, before fees—+ Points / potential airdropVariational Omni: 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: +$3 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 | 501.48 | 0 | get 0.0000% / 8h | 4h 19m | $1.3M | $615K | — |
| Short | Aevo MSFT-PERP | 501.47 | 0.0104 | get 0.0013% / 1h | 19m 00s | $55 | — | 10x |
Variational Omni MSFT
Aevo MSFT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21.84
- Price spread: −0.002% → 0.000%
- −$0.23
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- $5.61
- Costs to cover
- 0.160%
- Break-even
- 5.2 days
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Aevo: 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, 5 min ago | 2.53 bp | doesn't fit | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0509% | 4h | 501.49 | +0.001% | $102K | $243K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0040% | 1h | 500.97 | −0.102% | $678K | $455K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0027% | 8h | 501.53 | +0.010% | $189K | $204K | 20x | as long as short |
| Nado MSFT-PERP | −0.0007% | 1h | 501.29 | −0.038% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.33 | −0.031% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.45 | −0.007% | $337K | $893K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.58 | +0.020% | $15.8M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.20 | −0.056% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.57 | +0.018% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.31 | −0.034% | $3.1M | $1.7M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 501.39 | −0.018% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFTlong | 0.0000% | 8h | 501.48 | long leg | $1.3M | $615K | — | |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.54 | +0.012% | $19K | $302K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.34 | +0.171% | $6K | $4.0M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.52 | +0.008% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.57 | +0.018% | $2.2M | $768K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.31 | −0.034% | $675K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 501.42 | −0.012% | $1.2M | $5.3M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.24 | −0.048% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.36 | −0.024% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.19 | −0.058% | $10K | $15K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.05 | −0.086% | $22.1M | $8.7M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.19 | −0.058% | $302K | $722K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.34 | −0.028% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.07 | −0.082% | $528K | $443K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0058% | 8h | 501.43 | −0.010% | $221 | — | 5x | as long as short |
| Hotstuff MSFT-PERP | +0.0096% | 1h | 501.05 | −0.086% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.16 | −0.064% | $1.5M | $20K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.21 | −0.054% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.45 | −0.006% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERPshort | +0.0104% | 1h | 501.47 | −0.002% | $55 | — | 10x | |
| Deribit MSFT_USDC-PERPETUAL | +0.0109% | 1h | 501.39 | −0.018% | $27K | $41K | 10x | as long as short |
| Lighter MSFT | +0.0120% | 1h | 501.54 | +0.012% | $1.1M | $499K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.63 | +0.029% | $115K | $45K | 30x | as long as short |
Bitget MSFTUSDT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Deribit MSFT_USDC-PERPETUAL
Lighter MSFT
Injective MSFT/USDC PERP