MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.07 per $10,000 · paid last 24h −0.012%

Price spread now: Coinbase International against QFEX−0.092%7-day average −0.102% · 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−$76as in the Price arb table

costs, in and out, $10k−$770.772% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.092%, 7d avg −0.102%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.102%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSFT-USD	502.03	0.0044	pay 0.0006% / 1h	55m 58s	$1.2M	$5.9M	10x
Short	Coinbase International MSFT-PERP-INTX	501.57	−0.0008	pay 0.0001% / 1h	55m 58s	$680K	$460K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$11
Price spread: −0.092% → −0.102%: $1.09
Slippage, 4 orders: −$57.17
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$87.09
Costs to cover: 0.772%
Break-even: never at this rate

Slippage from QFEX: live order book, 8 min ago; Coinbase International: live order book, 17 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, 8 min ago	13.74 bp	18.7 bp −$19	18.7 bp −$187	25.7 bp −$2,566	doesn't fit
Sell Coinbase International live order book, 17 min ago	1.99 bp	9.0 bp −$9	11.6 bp −$116	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-INTXshort	−0.0008%	1h	501.57	−0.092%	$680K	$460K	10x
BloFin MSFT-USDT	−0.0002%	8h	501.85	−0.036%	$188K	$207K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.93	−0.020%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.86	−0.033%	$337K	$378K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.96	−0.014%	$15.7M	$18.8M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.93	−0.020%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.72	−0.062%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.03	0.000%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.97	−0.013%	$1.3M	$690K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.74	−0.058%	$18K	$294K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	502.62	+0.118%	$6K	$4.2M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.93	−0.020%	$27K	$59K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.91	−0.024%	$58K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.12	+0.018%	$2.2M	$751K	10x	as long as short
Nado MSFT-PERP	+0.0025%	1h	501.97	−0.013%	$414K	$64K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.87	−0.032%	$618K	$2.0M	20x	as long as short
QFEX MSFT-USDlong	+0.0044%	1h	502.03	long leg	$1.2M	$5.9M	10x
Vest MSFT-USD-PERP	+0.0046%	1h	501.90	−0.026%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.60	−0.086%	$22.3M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.58	−0.090%	$303K	$673K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.93	−0.020%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.66	−0.074%	$529K	$492K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	502.06	+0.006%	$221	—	5x	as long as short
Lighter MSFT	+0.0056%	1h	502.17	+0.028%	$1.1M	$486K	20x	as long as short
Phoenix MSFT	+0.0080%	1h	501.72	−0.062%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.55	−0.096%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.37	−0.131%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.92	−0.022%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.76	−0.053%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0128%	1h	501.56	−0.094%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.77	−0.052%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.20	+0.034%	$115K	$45K	30x	as long as short
Bybit MSFTUSDT	+0.0272%	8h	502.11	+0.016%	$7.4M	$1.7M	100x	as long as short
edgeX MSFTUSDC	+0.0374%	4h	501.86	−0.034%	$102K	$242K	10x	as long as short