Funding you earn now, next payment 04:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%
Price spread now: QFEX against Ondo Perps+0.082%7-day average +0.077% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.047%−$5 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.082%, 7d avg +0.077%
=Together, before fees−0.003%+ Points / potential airdropOndo Perps: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.077%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSFT-USD.P | 501.05 | 0.0050 | pay 0.0006% / 1h | 22m 42s | $527K | $443K | 15x |
| Short | QFEX MSFT-USD | 501.46 | 0.0036 | get 0.0004% / 1h | 22m 42s | $1.2M | $5.4M | 10x |
Ondo Perps MSFT-USD.P
QFEX MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Ondo Perps. 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
- −$3.12
- Price spread: +0.082% → +0.077%
- $0.52
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$17.6
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; QFEX: live order book, 6 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 6 min ago | 1.60 bp | 6.6 bp −$7 | 6.6 bp −$66 | 12.0 bp −$1,199 | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0822% | 4h | 501.43 | +0.076% | $102K | $243K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0040% | 1h | 500.97 | −0.016% | $678K | $455K | 10x | as long as short |
| Nado MSFT-PERP | −0.0006% | 1h | 501.29 | +0.048% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.31 | +0.053% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.49 | +0.088% | $337K | $893K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.62 | +0.113% | $15.8M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.23 | +0.036% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.57 | +0.104% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.32 | +0.054% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.39 | +0.068% | $4.5M | $2.5M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 501.34 | +0.058% | $1.3M | $616K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.41 | +0.072% | $18K | $302K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.34 | +0.257% | $6K | $4.0M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.48 | +0.086% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.82 | +0.154% | $2.2M | $777K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0027% | 8h | 501.48 | +0.086% | $189K | $204K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0029% | 1h | 501.35 | +0.060% | $27K | $41K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.35 | +0.060% | $675K | $2.0M | 20x | as long as short |
| QFEX MSFT-USDshort | +0.0036% | 1h | 501.46 | +0.082% | $1.2M | $5.4M | 10x | |
| Arcus MSFT-USD | +0.0040% | 1h | 501.22 | +0.034% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.35 | +0.060% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.08 | +0.006% | $10K | $15K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.03 | −0.004% | $22.1M | $8.7M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.17 | +0.024% | $302K | $722K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.32 | +0.054% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Plong | +0.0050% | 1h | 501.05 | long leg | $527K | $443K | 15x | |
| Paradex MSFT-USD-PERP | +0.0058% | 8h | 501.43 | +0.076% | $221 | — | 5x | as long as short |
| Hotstuff MSFT-PERP | +0.0096% | 1h | 501.05 | 0.000% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.10 | +0.010% | $1.5M | $20K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.92 | −0.026% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.45 | +0.080% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.45 | +0.080% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0128% | 1h | 501.57 | +0.104% | $1.1M | $499K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.63 | +0.116% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP