Funding you earn now, next payment 08:00 UTC−0.0692%/8h= −75.8% APRpaid last 24h +0.073%
Price spread now: QFEX against edgeX+0.011%7-day average −0.011% · 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−$30as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 4 days (all we have)+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.011%, 7d avg −0.011%
=Together, before fees+0.096%+ Points / potential airdropedgeX: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.021% dearer against edgeX than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.011%): +$2 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 2 hours. Mind the row above: over the last 4 days funding on this pair paid +0.078%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.078% in total (about 7.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSFTUSDC | 503.60 | 0.0729 | pay 0.0365% / 4h | 38m 51s | $102K | $243K | 10x |
| Short | QFEX MSFT-USD | 503.65 | 0.0037 | get 0.0005% / 1h | 38m 51s | $1.2M | $4.7M | 10x |
edgeX MSFTUSDC
QFEX MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against edgeX. 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
- −$145.32
- Price spread: +0.011% → −0.011%
- $2.12
- Slippage, 4 orders
- −$13.21
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$175.41
- Costs to cover
- 0.322%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 63 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 edgeX live order book, 63 min ago | 5.26 bp | 9.9 bp −$10 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.19 bp | 6.2 bp −$6 | 6.6 bp −$66 | 15.1 bp −$1,513 | 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 | −0.0029% | 1h | 503.51 | −0.018% | $414K | $67K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0004% | 8h | 503.82 | +0.044% | $190K | $206K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.68 | +0.016% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.63 | +0.006% | $338K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.73 | +0.026% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.46 | −0.027% | $7.3M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.80 | +0.040% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.53 | −0.013% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.64 | +0.009% | $3.8M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.60 | 0.000% | $1.3M | $414K | — | as long as short |
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 MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.63 | +0.006% | $19K | $323K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.57 | +0.193% | $6K | $3.8M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.54 | −0.011% | $27K | $44K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 502.97 | −0.125% | $682K | $454K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.62 | +0.005% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.99 | +0.078% | $2.2M | $820K | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.72 | +0.024% | $1.2M | $532K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.59 | −0.001% | $707K | $1.9M | 20x | as long as short |
| QFEX MSFT-USDshort | +0.0037% | 1h | 503.65 | +0.011% | $1.2M | $4.7M | 10x | |
| Hotstuff MSFT-PERP | +0.0040% | 1h | 503.32 | −0.055% | $32K | $8K | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.40 | −0.039% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.75 | +0.030% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.25 | −0.069% | $22.4M | $8.8M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.40 | −0.039% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.57 | −0.005% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.20 | −0.079% | $512K | $428K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0054% | 8h | 503.62 | +0.004% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.41 | −0.037% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.12 | −0.095% | $1.6M | $63K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.18 | −0.083% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.67 | +0.014% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.68 | +0.016% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.82 | +0.243% | $116K | $45K | 30x | as long as short |
| edgeX MSFTUSDClong | +0.0729% | 4h | 503.60 | long leg | $102K | $243K | 10x |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter MSFT
Lighter RH MSFT
Hotstuff MSFT-PERP
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP