MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.005%

Price spread now: QFEX against Extended−0.038%55s7-day average +0.006% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.238% of the position

Long on Extended Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.038%, 7d avg +0.006%

Together, before fees+0.050%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.043% cheaper against Extended than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.006%). If the spread goes back, that is −$4 on $10k: about 4.0 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.006% in total) that is about 27 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSFT_24_5-USD	501.36	0	get 0.0000% / 1h	43m 39s	$341K	$893K	17x
Short	QFEX MSFT-USD	501.17	0.0036	get 0.0004% / 1h	43m 39s	$1.1M	$5.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Extended. 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 ExtendedbpFee QFEXbpOrdersPrice spread, now −0.038%Rate

Funding earned: $7.46
Price spread: −0.038% → +0.006%: −$4.31
Slippage, 4 orders: −$8.83
Fee Extended: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$20.68
Costs to cover: 0.238%
Break-even: 26.4 days

Slippage from Extended: live order book, 14 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 Extended live order book, 14 min ago	0.60 bp	5.7 bp −$6	39.7 bp −$397	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.20 bp	6.2 bp −$6	6.4 bp −$64	13.2 bp −$1,323	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	−0.0041%	1h	500.94	−0.084%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	500.97	−0.077%	$678K	$458K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.12	−0.048%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USDlong	0.0000%	1h	501.36	long leg	$341K	$893K	17x
Binance MSFTUSDT	0.0000%	8h	501.49	+0.026%	$15.7M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.11	−0.049%	$7.2M	$2.1M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.41	+0.010%	$3.0M	$2.3M	20x	as long as short
Hotstuff MSFT-PERP	0.0000%	1h	500.79	−0.113%	$32K	$8K	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.29	−0.014%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.39	+0.006%	$4.5M	$2.5M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.27	−0.017%	$1.3M	$617K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.29	−0.013%	$19K	$300K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.10	+0.148%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	500.90	−0.091%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.20	−0.032%	$58K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.55	+0.038%	$2.2M	$777K	10x	as long as short
BloFin MSFT-USDT	+0.0028%	8h	501.32	−0.008%	$189K	$204K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.16	−0.040%	$681K	$2.0M	20x	as long as short
QFEX MSFT-USDshort	+0.0036%	1h	501.17	−0.038%	$1.1M	$5.6M	10x
Arcus MSFT-USD	+0.0040%	1h	501.04	−0.063%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.06	−0.059%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.04	−0.063%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.95	−0.081%	$22.1M	$8.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.86	−0.099%	$295K	$673K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.22	−0.028%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.84	−0.103%	$527K	$456K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	501.33	−0.005%	$221	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.95	−0.081%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.94	−0.083%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.14	−0.043%	$8K	—	10x	as long as short
Lighter MSFT	+0.0104%	1h	501.44	+0.016%	$1.1M	$489K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.16	−0.039%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.34	−0.004%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0292%	4h	501.27	−0.017%	$102K	$244K	10x	as long as short