Funding you earn now, next payment 04:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.10 per $10,000 · paid last 24h −0.020%
Price spread now: Coinbase International against Vest−0.105%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
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.105% cheaper against Vest than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSFT-USD-PERP | 503.19 | 0.0046 | pay 0.0006% / 1h | 16m 11s | — | $1K | 25x |
| Short | Coinbase International MSFT-PERP-INTX | 502.66 | −0.0032 | pay 0.0004% / 1h | 16m 11s | $680K | $451K | 10x |
Vest MSFT-USD-PERP
Coinbase International MSFT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Vest. 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
- −$16.31
- Price spread: −0.105% → 0.000%
- −$10.53
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$38.85
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Coinbase International: live order book, 37 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 Coinbase International live order book, 37 min ago | 1.70 bp | 6.8 bp −$7 | 9.5 bp −$95 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0148% | 4h | 503.01 | −0.036% | $102K | $243K | 10x | as long as short |
| Nado MSFT-PERP | −0.0106% | 1h | 503.13 | −0.012% | $415K | $64K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.0088% | 1h | 502.86 | −0.066% | $27K | $42K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTXshort | −0.0032% | 1h | 502.66 | −0.105% | $680K | $451K | 10x | |
| tradeXYZ xyz:MSFT | −0.0008% | 1h | 502.83 | −0.072% | $22.2M | $8.8M | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.14 | −0.010% | $162K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.09 | −0.020% | $339K | $884K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.23 | +0.008% | $15.8M | $19.2M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.00 | −0.038% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.30 | +0.022% | $3.0M | $2.3M | 20x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Deribit MSFT_USDC-PERPETUAL
tradeXYZ xyz:MSFT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | 0.0000% | 8h | 503.02 | −0.034% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.08 | −0.022% | $4.4M | $2.6M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.01 | −0.036% | $1.3M | $606K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.14 | −0.010% | $19K | $301K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 503.98 | +0.157% | $6K | $4.0M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.11 | −0.016% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.29 | +0.020% | $2.2M | $786K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0019% | 8h | 503.21 | +0.004% | $189K | $205K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.31 | +0.024% | $1.1M | $504K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.05 | −0.028% | $680K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 503.09 | −0.020% | $1.1M | $4.9M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 502.82 | −0.074% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERPlong | +0.0046% | 1h | 503.19 | long leg | — | $1K | 25x | |
| Phoenix MSFT | +0.0048% | 1h | 502.88 | −0.062% | $11K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 502.83 | −0.072% | $304K | $705K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.05 | −0.028% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 503.13 | −0.011% | $221 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 502.74 | −0.089% | $512K | $462K | 15x | as long as short |
| Hotstuff MSFT-PERP | +0.0064% | 1h | 502.74 | −0.089% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.78 | −0.081% | $1.6M | $55K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.91 | −0.056% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.12 | −0.014% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.15 | −0.008% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.08 | −0.022% | $115K | $45K | 30x | as long as short |
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Ondo Perps MSFT-USD.P
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP