MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.005%

Price spread now: Extended against QFEX+0.008%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on QFEX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.008%, 7d avg −0.006%

Together, before fees−0.020%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$1 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	501.32	0.0036	pay 0.0004% / 1h	42m 56s	$1.1M	$5.6M	10x
Short	Extended MSFT_24_5-USD	501.36	0	get 0.0000% / 1h	42m 56s	$341K	$893K	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$7.46
Price spread: +0.008% → −0.006%: $1.33
Slippage, 4 orders: −$8.83
Fee QFEX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$29.96
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Extended: live order book, 15 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	1.20 bp	6.2 bp −$6	6.6 bp −$66	12.7 bp −$1,269	doesn't fit
Sell Extended live order book, 15 min ago	0.60 bp	5.7 bp −$6	32.9 bp −$329	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	−0.0040%	1h	500.97	−0.070%	$678K	$458K	10x	as long as short
Nado MSFT-PERP	−0.0036%	1h	501.10	−0.043%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0001%	8h	501.37	+0.010%	$189K	$204K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.07	−0.049%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USDshort	0.0000%	1h	501.36	+0.008%	$341K	$893K	17x
Binance MSFTUSDT	0.0000%	8h	501.49	+0.033%	$15.7M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.11	−0.042%	$7.2M	$2.1M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.41	+0.018%	$3.0M	$2.3M	20x	as long as short
Hotstuff MSFT-PERP	0.0000%	1h	500.79	−0.106%	$32K	$8K	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.29	−0.006%	$3.1M	$1.7M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.39	+0.014%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.27	−0.010%	$1.3M	$617K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.33	+0.002%	$19K	$302K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.23	+0.182%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.13	−0.038%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.30	−0.004%	$58K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.69	+0.074%	$2.2M	$777K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.17	−0.030%	$681K	$2.0M	20x	as long as short
QFEX MSFT-USDlong	+0.0036%	1h	501.32	long leg	$1.1M	$5.6M	10x
Arcus MSFT-USD	+0.0040%	1h	501.04	−0.056%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.11	−0.042%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.04	−0.056%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.92	−0.080%	$22.1M	$8.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.01	−0.062%	$295K	$673K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.32	0.000%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.84	−0.096%	$527K	$456K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	501.33	+0.003%	$221	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.94	−0.076%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.93	−0.078%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.25	−0.014%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.29	−0.007%	$55	—	10x	as long as short
Lighter MSFT	+0.0112%	1h	501.44	+0.024%	$1.1M	$489K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.34	+0.004%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0292%	4h	501.27	−0.010%	$102K	$244K	10x	as long as short