MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.019%

Price spread now: Aevo against QFEX−0.060%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.060% cheaper against QFEX than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSFT-USD	504.68	0.0023	pay 0.0003% / 1h	52m 14s	$1.1M	$4.6M	10x
Short	Aevo MSFT-PERP	504.38	0.0104	get 0.0013% / 1h	52m 14s	$55	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against QFEX. 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 QFEXbpFee AevobpOrdersPrice spread, now −0.060%Rate

Funding earned: $17.09
Price spread: −0.060% → 0.000%: −$5.98
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$14.89
Costs to cover: 0.260%
Break-even: 13.1 days

Slippage unknown: QFEX: live order book, 6 min ago; Aevo: no order-book sample. 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 QFEX live order book, 6 min ago	0.40 bp	7.0 bp −$7	7.8 bp −$78	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0612%	4h	504.11	−0.114%	$103K	$243K	10x	as long as short
Nado MSFT-PERP	−0.0066%	1h	504.65	−0.006%	$415K	$67K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	504.06	−0.123%	$687K	$483K	10x	as long as short
Hotstuff MSFT-PERP	−0.0040%	1h	504.24	−0.087%	$33K	$8K	20x	as long as short
BloFin MSFT-USDT	−0.0014%	8h	504.93	+0.050%	$191K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.24	−0.087%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.35	−0.065%	$338K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.42	−0.052%	$15.9M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.16	−0.103%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.67	−0.002%	$3.0M	$2.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MSFT_USDT	0.0000%	8h	504.30	−0.075%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.37	−0.061%	$3.9M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.97	−0.140%	$1.3M	$392K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	505.30	+0.123%	$6K	$3.7M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	504.14	−0.107%	$27K	$44K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.37	−0.061%	$59K	$224K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.55	−0.026%	$2.2M	$825K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	504.07	−0.121%	$11K	$15K	20x	as long as short
QFEX MSFT-USDlong	+0.0023%	1h	504.68	long leg	$1.1M	$4.6M	10x
Lighter MSFT	+0.0032%	1h	504.26	−0.083%	$1.2M	$509K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.20	−0.095%	$706K	$1.8M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	504.24	−0.087%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.68	0.000%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	504.00	−0.135%	$22.5M	$8.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	504.15	−0.105%	$304K	$704K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.24	−0.087%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	504.35	−0.065%	$513K	$426K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	504.71	+0.006%	$222	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	504.09	−0.117%	$1.6M	$89K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.79	−0.176%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.35	−0.065%	$8K	—	10x	as long as short
Aevo MSFT-PERPshort	+0.0104%	1h	504.38	−0.060%	$55	—	10x
GRVT MSFT_USDT_Perp	+0.0108%	8h	504.34	−0.067%	$18K	$318K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.87	−0.160%	$115K	$45K	30x	as long as short