MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.019%

Price spread now: QFEX against Coinbase International+0.054%7-day average +0.099% · 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−$34as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.054%, 7d avg +0.099%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.045% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.054% now, against its 7-day average of +0.099%). If the spread goes back, that is −$5 on $10k: about 2.3 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (0.000% in total) that is about 13 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSFT-PERP-INTX	500.97	−0.0032	get 0.0004% / 1h	54m 08s	$677K	$450K	10x
Short	QFEX MSFT-USD	501.24	0.0035	get 0.0004% / 1h	54m 08s	$1.1M	$4.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Coinbase International. 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 Coinbase InternationalbpFee QFEXbpOrdersPrice spread, now +0.054%Rate

Funding earned: $14.03
Price spread: +0.054% → +0.099%: −$4.54
Slippage, 4 orders: −$9.38
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$19.9
Costs to cover: 0.294%
Break-even: 16.9 days

Slippage from Coinbase International: live order book, 64 min ago; QFEX: live order book, 5 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 Coinbase International live order book, 64 min ago	2.70 bp	8.3 bp −$8	10.4 bp −$104	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.10 bp	6.1 bp −$6	6.1 bp −$61	11.2 bp −$1,115	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
Nado MSFT-PERP	−0.0129%	1h	501.24	+0.054%	$414K	$64K	20x	as long as short
tradeXYZ xyz:MSFT	−0.0044%	1h	500.93	−0.008%	$22.1M	$8.7M	20x	as long as short
Coinbase International MSFT-PERP-INTXlong	−0.0032%	1h	500.97	long leg	$677K	$450K	10x
BloFin MSFT-USDT	−0.0004%	8h	501.34	+0.074%	$189K	$204K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.20	+0.045%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.23	+0.051%	$337K	$883K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.38	+0.082%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.09	+0.024%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.32	+0.070%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.22	+0.050%	$3.1M	$1.7M	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	501.26	+0.058%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.25	+0.055%	$1.3M	$607K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.30	+0.065%	$19K	$300K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.14	+0.234%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.03	+0.012%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.26	+0.058%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.46	+0.098%	$2.2M	$770K	10x	as long as short
Hotstuff MSFT-PERP	+0.0024%	1h	500.93	−0.008%	$32K	$8K	20x	as long as short
Lighter MSFT	+0.0032%	1h	501.38	+0.082%	$1.1M	$498K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.14	+0.034%	$678K	$2.0M	20x	as long as short
QFEX MSFT-USDshort	+0.0035%	1h	501.24	+0.054%	$1.1M	$4.9M	10x
Arcus MSFT-USD	+0.0040%	1h	501.04	+0.014%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.34	+0.074%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	500.98	+0.002%	$10K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.98	+0.002%	$302K	$697K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.24	+0.054%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.94	−0.006%	$518K	$452K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	501.28	+0.061%	$221	—	5x	as long as short
edgeX MSFTUSDC	+0.0062%	4h	501.28	+0.061%	$102K	$242K	10x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.78	−0.038%	$1.6M	$48K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.00	+0.006%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.19	+0.044%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.23	+0.053%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.70	+0.345%	$115K	$45K	30x	as long as short