Funding you earn now, next payment 06:00 UTC−0.0068%/8h= −7.5% APRnext payment −$0.09 per $10,000 · paid last 24h −0.019%
Price spread now: QFEX against Aevo+0.018%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—needs 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: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MSFT-PERP | 503.07 | 0.0104 | pay 0.0013% / 1h | 54m 17s | $55 | — | 10x |
| Short | QFEX MSFT-USD | 503.16 | 0.0036 | get 0.0004% / 1h | 54m 17s | $1.1M | $4.8M | 10x |
Aevo MSFT-PERP
QFEX MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Aevo. 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
- −$14.3
- Price spread: +0.018% → 0.000%
- $1.81
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$38.49
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; QFEX: live order book, 4 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 Aevo no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 4 min ago | 1.29 bp | 6.3 bp −$6 | 6.5 bp −$65 | 12.3 bp −$1,232 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 503.29 | +0.044% | $685K | $461K | 10x | as long as short |
| Nado MSFT-PERP | −0.0049% | 1h | 502.90 | −0.033% | $412K | $66K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0008% | 8h | 503.14 | +0.014% | $190K | $205K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.96 | −0.021% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.07 | +0.001% | $341K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.21 | +0.028% | $15.8M | $19.3M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.94 | −0.026% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.35 | +0.056% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 502.98 | −0.018% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.14 | +0.014% | $4.4M | $2.6M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 503.19 | +0.023% | $1.3M | $493K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.45 | +0.077% | $19K | $307K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 503.97 | +0.179% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 502.84 | −0.046% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.10 | +0.006% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.56 | +0.098% | $2.2M | $791K | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0024% | 1h | 502.80 | −0.053% | $32K | $8K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.23 | +0.032% | $1.2M | $495K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 502.96 | −0.022% | $679K | $2.0M | 20x | as long as short |
| QFEX MSFT-USDshort | +0.0036% | 1h | 503.16 | +0.018% | $1.1M | $4.8M | 10x | |
| Arcus MSFT-USD | +0.0040% | 1h | 503.11 | +0.008% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.15 | +0.016% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 503.13 | +0.012% | $11K | $15K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 502.81 | −0.051% | $22.3M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 502.84 | −0.046% | $303K | $713K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.95 | −0.024% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 502.83 | −0.048% | $513K | $463K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 503.04 | −0.006% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.89 | −0.036% | $1.6M | $57K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.22 | +0.030% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.01 | −0.012% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERPlong | +0.0104% | 1h | 503.07 | long leg | $55 | — | 10x | |
| edgeX MSFTUSDC | +0.0118% | 4h | 503.66 | +0.117% | $102K | $242K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.24 | +0.034% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Hotstuff MSFT-PERP
Lighter MSFT
Lighter RH MSFT
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
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
edgeX MSFTUSDC
Injective MSFT/USDC PERP