MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0077%/8h= −8.5% APRnext payment −$0.10 per $10,000 · paid last 24h −0.018%

Price spread now: QFEX against ApeX Omni+0.113%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on ApeX Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.091%−$9 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.113%, 7d avg +0.059%

Together, before fees−0.106%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.054% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of +0.059%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSFTUSDT	504.14	0.0100	pay 0.0013% / 1h	1m 16s	$160K	$7K	50x
Short	QFEX MSFT-USD	504.71	0.0023	get 0.0003% / 1h	1m 16s	$1.1M	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against ApeX Omni. 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 ApeX OmnibpFee QFEXbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$16.25
Price spread: +0.113% → +0.059%: $5.38
Slippage, 4 orders: −$12.31
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$43.17
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 30 min ago; QFEX: live order book, 7 min ago.

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 ApeX Omni live order book, 30 min ago	5.06 bp	10.1 bp −$10	70.2 bp −$702	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.09 bp	6.1 bp −$6	6.2 bp −$62	11.9 bp −$1,191	doesn't fit

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	−0.0838%	4h	504.53	+0.077%	$103K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	504.35	+0.042%	$693K	$455K	10x	as long as short
BloFin MSFT-USDT	−0.0011%	8h	504.92	+0.155%	$191K	$206K	20x	as long as short
Nado MSFT-PERP	−0.0007%	1h	504.50	+0.071%	$415K	$67K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.80	+0.131%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.66	+0.102%	$336K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.80	+0.131%	$16.3M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.56	+0.083%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.88	+0.147%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.51	+0.073%	$3.1M	$1.9M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	504.81	+0.133%	$3.9M	$2.8M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.53	+0.078%	$1.3M	$394K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	505.55	+0.280%	$6K	$3.5M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	504.45	+0.061%	$27K	$45K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.72	+0.115%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	505.21	+0.212%	$2.2M	$864K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	504.31	+0.034%	$11K	$15K	20x	as long as short
QFEX MSFT-USDshort	+0.0023%	1h	504.71	+0.113%	$1.1M	$4.6M	10x
Lighter MSFT	+0.0032%	1h	504.63	+0.097%	$1.2M	$535K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.62	+0.095%	$712K	$1.9M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	504.51	+0.073%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.66	+0.103%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	504.33	+0.038%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	504.43	+0.058%	$304K	$650K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.55	+0.081%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	504.34	+0.040%	$537K	$387K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0062%	8h	504.61	+0.094%	$222	—	5x	as long as short
Hotstuff MSFT-PERP	+0.0072%	1h	504.34	+0.040%	$33K	$8K	20x	as long as short
GRVT MSFT_USDT_Perp	+0.0072%	8h	504.59	+0.090%	$19K	$312K	10x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	504.14	0.000%	$1.6M	$141K	20x	as long as short
ApeX Omni MSFTUSDTlong	+0.0100%	1h	504.14	long leg	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.64	+0.099%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.62	+0.094%	$56	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	505.86	+0.341%	$116K	$45K	30x	as long as short