Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h −0.014%

Price spread now: OKX against Vest+0.022%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 OKX

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.022% dearer against Vest than usual: you sell high and buy low, +$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSFT-USD-PERP	504.18	0.0046	pay 0.0006% / 1h	27m 05s	—	$1K	25x
Short	OKX MSFT-USDT-SWAP	504.29	0.0050	get 0.0050% / 8h	5h 27m	$3.2M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $1
Price spread: +0.022% → 0.000%: $2.18
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: −$8.82
Costs to cover: 0.120%
Break-even: 69.1 days

Slippage unknown: Vest: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	0.10 bp	7.8 bp −$8	16.2 bp −$162	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 exchanges

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
Hotstuff MSFT-PERP	−0.1600%	1h	503.64	−0.107%	$32K	$8K	20x	as long as short
Nado MSFT-PERP	−0.0061%	1h	504.14	−0.008%	$411K	$72K	20x	as long as short
BloFin MSFT-USDT	−0.0006%	8h	503.98	−0.040%	$202K	$219K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.12	−0.012%	$166K	$118K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.05	−0.026%	$324K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.25	+0.014%	$16.3M	$21.4M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.00	−0.036%	$7.3M	$2.4M	100x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.03	−0.030%	$3.1M	$2.0M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.34	+0.032%	$4.0M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.95	−0.046%	$1.3M	$373K	—	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	503.98	−0.040%	$18K	$320K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	505.05	+0.173%	$6K	$3.5M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	504.09	−0.018%	$30K	$47K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	503.81	−0.073%	$703K	$581K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.15	−0.006%	$49K	$247K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.33	+0.030%	$2.3M	$921K	10x	as long as short
Lighter MSFT	+0.0032%	1h	504.13	−0.010%	$1.2M	$508K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.17	−0.002%	$690K	$1.8M	20x	as long as short
tradeXYZ xyz:MSFT	+0.0040%	1h	503.84	−0.067%	$22.4M	$9.3M	20x	as long as short
Vest MSFT-USD-PERPlong	+0.0046%	1h	504.18	long leg	—	$1K	25x
Polymarket Perps MSFT-USD	+0.0050%	1h	503.75	−0.085%	$318K	$675K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.96	−0.044%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.69	−0.097%	$530K	$403K	15x	as long as short
OKX MSFT-USDT-SWAPshort	+0.0050%	8h	504.29	+0.022%	$3.2M	$2.8M	20x
Paradex MSFT-USD-PERP	+0.0054%	8h	503.62	−0.111%	$222	—	5x	as long as short
QFEX MSFT-USD	+0.0058%	1h	503.71	−0.093%	$1.1M	$4.7M	10x	as long as short
Phoenix MSFT	+0.0079%	1h	503.70	−0.095%	$11K	$5K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.49	−0.137%	$1.6M	$247K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.46	−0.143%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.08	−0.020%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.97	−0.041%	$55	—	10x	as long as short
Arcus MSFT-USD	+0.0190%	1h	503.73	−0.089%	$93K	$83K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.03	−0.030%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0946%	4h	503.87	−0.062%	$102K	$242K	10x	as long as short