Funding you earn now, next payment 04:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.013%
Price spread now: Aster against QFEX−0.005%7-day average +0.031% · 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−$63as in the Price arb table
costs, in and out, $10k−$590.595% of the position
Funding, last 4 days (all we have)+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.005%, 7d avg +0.031%
=Together, before fees+0.053%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.036% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MSFT-USD | 501.24 | 0.0036 | pay 0.0004% / 1h | 59m 31s | $1.1M | $4.9M | 10x |
| Short | Aster MSFTUSDT | 501.21 | 0 | get 0.0000% / 8h | 3h 59m | $161K | $116K | 20x |
QFEX MSFT-USD
Aster MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against QFEX. 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
- −$7.46
- Price spread: −0.005% → +0.031%
- −$3.6
- Slippage, 4 orders
- −$41.5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$70.56
- Costs to cover
- 0.595%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 4 min ago; Aster: live order book, 57 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, 4 min ago | 0.80 bp | 5.8 bp −$6 | 5.8 bp −$58 | 10.6 bp −$1,057 | doesn't fit |
| Sell Aster live order book, 57 min ago | 9.37 bp | 22.8 bp −$23 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0907% | 4h | 501.26 | +0.005% | $102K | $244K | 10x | as long as short |
| Nado MSFT-PERP | −0.0125% | 1h | 501.21 | −0.006% | $414K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0040% | 1h | 500.97 | −0.054% | $677K | $450K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.0036% | 1h | 500.89 | −0.070% | $22.0M | $8.7M | 20x | as long as short |
| BloFin MSFT-USDT | −0.0006% | 8h | 501.36 | +0.024% | $189K | $204K | 20x | as long as short |
| Aster MSFTUSDTshort | 0.0000% | 8h | 501.21 | −0.005% | $161K | $116K | 20x | |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.20 | −0.008% | $337K | $890K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.36 | +0.024% | $15.8M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.07 | −0.034% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.39 | +0.030% | $3.0M | $2.3M | 20x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
tradeXYZ xyz:MSFT
BloFin MSFT-USDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | 0.0000% | 8h | 501.18 | −0.012% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.29 | +0.010% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.27 | +0.005% | $1.3M | $609K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.29 | +0.011% | $19K | $301K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.10 | +0.172% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.02 | −0.044% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.18 | −0.012% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.45 | +0.042% | $2.2M | $769K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.06 | −0.036% | $677K | $2.0M | 20x | as long as short |
| QFEX MSFT-USDlong | +0.0036% | 1h | 501.24 | long leg | $1.1M | $4.9M | 10x | |
| Arcus MSFT-USD | +0.0040% | 1h | 501.05 | −0.038% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.36 | +0.024% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.08 | −0.032% | $10K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.97 | −0.054% | $302K | $697K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.15 | −0.018% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.85 | −0.078% | $527K | $443K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0055% | 8h | 501.22 | −0.004% | $221 | — | 5x | as long as short |
| Lighter MSFT | +0.0072% | 1h | 501.34 | +0.020% | $1.1M | $498K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.96 | −0.056% | $1.5M | $20K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.08 | −0.032% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.19 | −0.010% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.19 | −0.011% | $55 | — | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0120% | 1h | 500.84 | −0.080% | $32K | $8K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.70 | +0.291% | $115K | $45K | 30x | as long as short |
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Lighter MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Hotstuff MSFT-PERP
Injective MSFT/USDC PERP