MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0044%/8h= +4.9% APRnext payment +$0.06 per $10,000 · paid last 24h −0.003%

Price spread now: QFEX against Deribit+0.052%7-day average +0.023% · 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−$24as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Deribit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.065%−$6 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.052%, 7d avg +0.023%

Together, before fees−0.121%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.029% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.023%. Mind the row above: over the last 3 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MSFT_USDC-PERPETUAL	501.13	0	get 0.0000% / 1h	6m 29s	$27K	$41K	10x
Short	QFEX MSFT-USD	501.39	0.0044	get 0.0006% / 1h	6m 29s	$1.1M	$5.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Deribit. 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 DeribitbpFee QFEXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $9.32
Price spread: +0.052% → +0.023%: $2.92
Slippage, 4 orders: −$9.7
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$14.46
Costs to cover: 0.267%
Break-even: 17.9 days

Slippage from Deribit: live order book, 67 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 Deribit live order book, 67 min ago	0.10 bp	3.6 bp −$4	7.0 bp −$70	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.30 bp	6.3 bp −$6	7.6 bp −$76	16.1 bp −$1,610	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	−0.0619%	4h	501.32	+0.038%	$102K	$242K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.03	−0.020%	$685K	$454K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.47	+0.067%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.29	+0.033%	$342K	$905K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.42	+0.058%	$15.6M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.25	+0.024%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.51	+0.076%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.29	+0.032%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.42	+0.058%	$3.8M	$2.1M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.33	+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	501.41	+0.057%	$19K	$293K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.20	+0.214%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUALlong	0.0000%	1h	501.13	long leg	$27K	$41K	10x
HTX MSFT-USDT	0.0000%	8h	501.33	+0.040%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.74	+0.122%	$2.2M	$761K	10x	as long as short
Nado MSFT-PERP	+0.0011%	1h	501.19	+0.011%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	+0.0020%	8h	501.42	+0.058%	$188K	$205K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.26	+0.026%	$617K	$2.0M	20x	as long as short
QFEX MSFT-USDshort	+0.0044%	1h	501.39	+0.052%	$1.1M	$5.8M	10x
Vest MSFT-USD-PERP	+0.0046%	1h	501.30	+0.034%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.97	−0.032%	$22.1M	$9.2M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.04	−0.018%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.29	+0.032%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.92	−0.042%	$514K	$503K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.34	+0.041%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.07	−0.012%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.27	+0.028%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.87	−0.052%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.28	+0.030%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.26	+0.026%	$55	—	10x	as long as short
Lighter MSFT	+0.0112%	1h	501.50	+0.074%	$1.1M	$486K	20x	as long as short
Hotstuff MSFT-PERP	+0.0176%	1h	500.99	−0.028%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.23	+0.020%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.76	+0.126%	$115K	$45K	30x	as long as short