Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.003%

Price spread now: Binance against Vest0.000%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Binance

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: 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: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSFT-USD-PERP	503.70	0.0046	pay 0.0006% / 1h	15m 00s	—	$1K	25x
Short	Binance MSFTUSDT	503.70	0	get 0.0000% / 8h	1h 15m	$15.8M	$19.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee VestbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$9.59
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.59
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Binance: live order book, 11 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	0.10 bp	5.1 bp −$5	12.1 bp −$121	60.7 bp −$6,072	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	−0.008%	$682K	$500K	10x	as long as short
BloFin MSFT-USDT	−0.0010%	8h	503.69	−0.002%	$190K	$207K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.43	−0.054%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.55	−0.030%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDTshort	0.0000%	8h	503.70	0.000%	$15.8M	$19.7M	20x
Bybit MSFTUSDT	0.0000%	8h	503.44	−0.052%	$7.3M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.76	+0.012%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.51	−0.038%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.66	−0.008%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.61	−0.018%	$1.3M	$499K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	503.61	−0.018%	$19K	$328K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.45	+0.149%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.35	−0.069%	$27K	$44K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.63	−0.014%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.69	−0.002%	$2.2M	$822K	10x	as long as short
Nado MSFT-PERP	+0.0025%	1h	503.41	−0.058%	$414K	$67K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.51	−0.038%	$700K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.61	−0.018%	$1.2M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.40	−0.060%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERPlong	+0.0046%	1h	503.70	long leg	—	$1K	25x
tradeXYZ xyz:MSFT	+0.0050%	1h	503.15	−0.109%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.30	−0.079%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.56	−0.028%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.13	−0.113%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	503.55	−0.030%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.28	−0.083%	$11K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0088%	1h	503.17	−0.105%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.10	−0.119%	$1.6M	$60K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.15	−0.109%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.52	−0.036%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.55	−0.030%	$55	—	10x	as long as short
Lighter MSFT	+0.0152%	1h	503.71	+0.002%	$1.2M	$517K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.04	+0.068%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0701%	4h	503.63	−0.014%	$102K	$244K	10x	as long as short