MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h +0.017%

Price spread now: ApeX Omni against QFEX−0.091%7-day average −0.060% · 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−$35as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on QFEX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.088%+$9 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.091%, 7d avg −0.060%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.031% cheaper against QFEX than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.060%). If the spread goes back, that is −$3 on $10k: about 38 hours 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	503.76	0.0036	pay 0.0004% / 1h	33m 12s	$1.2M	$4.8M	10x
Short	ApeX Omni MSFTUSDT	503.30	0.0100	get 0.0013% / 1h	33m 12s	$160K	$7K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.091%Rate

Funding earned: $13.46
Price spread: −0.091% → −0.060%: −$3.08
Slippage, 4 orders: −$12.34
Fee QFEX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$21.97
Costs to cover: 0.323%
Break-even: 18.4 days

Slippage from QFEX: live order book, 6 min ago; ApeX Omni: live order book, 13 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 QFEX live order book, 6 min ago	1.09 bp	6.1 bp −$6	8.8 bp −$88	16.3 bp −$1,627	doesn't fit
Sell ApeX Omni live order book, 13 min ago	5.08 bp	10.1 bp −$10	58.6 bp −$586	doesn't fit	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
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	503.26	−0.099%	$682K	$465K	10x	as long as short
BloFin MSFT-USDT	−0.0015%	8h	503.79	+0.006%	$190K	$206K	20x	as long as short
Nado MSFT-PERP	−0.0004%	1h	503.63	−0.025%	$413K	$66K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.85	+0.018%	$162K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.77	+0.002%	$341K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.93	+0.034%	$15.8M	$19.3M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.72	−0.008%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.63	−0.026%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.57	−0.038%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.71	−0.010%	$3.8M	$2.9M	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	503.69	−0.015%	$1.3M	$479K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.67	−0.017%	$19K	$312K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.69	+0.185%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.63	−0.026%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.75	−0.002%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.08	+0.064%	$2.2M	$797K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	503.57	−0.038%	$11K	$15K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.72	−0.008%	$688K	$2.0M	20x	as long as short
QFEX MSFT-USDlong	+0.0036%	1h	503.76	long leg	$1.2M	$4.8M	10x
Arcus MSFT-USD	+0.0040%	1h	503.37	−0.077%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.79	+0.006%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.51	−0.050%	$22.3M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.43	−0.066%	$303K	$720K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.66	−0.020%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.02	−0.147%	$517K	$470K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0053%	8h	503.71	−0.011%	$222	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.36	−0.079%	$1.6M	$57K	20x	as long as short
ApeX Omni MSFTUSDTshort	+0.0100%	1h	503.30	−0.091%	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.77	+0.002%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.78	+0.005%	$55	—	10x	as long as short
Lighter MSFT	+0.0112%	1h	504.01	+0.050%	$1.2M	$506K	20x	as long as short
Hotstuff MSFT-PERP	+0.0112%	1h	503.28	−0.095%	$32K	$8K	20x	as long as short
edgeX MSFTUSDC	+0.0128%	4h	503.67	−0.019%	$102K	$243K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.85	−0.181%	$115K	$45K	30x	as long as short