Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h +0.002%

Price spread now: Paradex against Vest+0.005%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 Paradex

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 · Paradex: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSFT-USD-PERP	501.66	0.0046	pay 0.0006% / 1h	23m 58s	—	$1K	25x
Short	Paradex MSFT-USD-PERP	501.69	0.0051	get 0.0051% / 8h	7h 23m	$221	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.005%Rate

Funding earned: $1.11
Price spread: +0.005% → 0.000%: $0.51
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$4.38
Costs to cover: 0.060%
Break-even: 34.7 days

Slippage unknown: Vest: no order-book sample; Paradex: 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 Vest no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Vest and Paradex: 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	−0.0298%	4h	502.10	+0.087%	$102K	$242K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.13	−0.106%	$679K	$446K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.79	+0.025%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.55	−0.023%	$337K	$1.0M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.66	0.000%	$15.7M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.51	−0.030%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.67	+0.002%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.51	−0.030%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.69	+0.006%	$3.8M	$2.1M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.86	+0.040%	$1.3M	$690K	—	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	502.02	+0.072%	$18K	$289K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.53	+0.173%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.53	−0.026%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.62	−0.008%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.73	+0.014%	$2.2M	$757K	10x	as long as short
Nado MSFT-PERP	+0.0003%	1h	501.55	−0.021%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	+0.0008%	8h	501.96	+0.060%	$187K	$205K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.57	−0.018%	$619K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	501.64	−0.004%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERPlong	+0.0046%	1h	501.66	long leg	—	$1K	25x
tradeXYZ xyz:MSFT	+0.0050%	1h	501.22	−0.088%	$22.2M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.33	−0.066%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.62	−0.008%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.49	−0.034%	$528K	$489K	15x	as long as short
Paradex MSFT-USD-PERPshort	+0.0051%	8h	501.69	+0.005%	$221	—	5x
Phoenix MSFT	+0.0080%	1h	501.70	+0.008%	$10K	$15K	20x	as long as short
Lighter MSFT	+0.0096%	1h	501.76	+0.020%	$1.1M	$486K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.60	−0.012%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.56	−0.020%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.67	+0.002%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.63	−0.005%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0144%	1h	501.42	−0.048%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.78	+0.024%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.00	+0.068%	$115K	$45K	30x	as long as short