MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h −0.080%

Price spread now: Hotstuff against QFEX−0.074%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 Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.074% cheaper against QFEX than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3.1 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	501.97	0.0040	pay 0.0005% / 1h	33m 24s	$1.2M	$5.8M	10x
Short	Hotstuff MSFT-PERP	501.60	0.0120	get 0.0015% / 1h	33m 24s	$32K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.074%Rate

Funding earned: $16.8
Price spread: −0.074% → 0.000%: −$7.37
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$5.57
Costs to cover: 0.150%
Break-even: 9.3 days

Slippage unknown: QFEX: live order book, 5 min ago; Hotstuff: 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, 5 min ago	1.69 bp	6.7 bp −$7	6.7 bp −$67	11.9 bp −$1,189	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	−0.0036%	4h	501.87	−0.019%	$102K	$243K	10x	as long as short
BloFin MSFT-USDT	−0.0006%	8h	501.92	−0.010%	$187K	$209K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.02	+0.010%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.93	−0.008%	$337K	$404K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.03	+0.012%	$15.7M	$19.3M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.96	−0.002%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.75	−0.044%	$3.1M	$1.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.99	+0.004%	$1.3M	$708K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.01	+0.008%	$18K	$318K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.77	+0.159%	$6K	$4.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.58	−0.078%	$688K	$449K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.28	+0.062%	$59K	$229K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.97	0.000%	$2.2M	$764K	10x	as long as short
Bitget MSFTUSDT	+0.0006%	8h	502.03	+0.012%	$3.8M	$2.2M	100x	as long as short
Bybit MSFTUSDT	+0.0024%	8h	501.98	+0.002%	$7.4M	$1.7M	100x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0029%	1h	501.66	−0.062%	$27K	$104K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.87	−0.020%	$654K	$2.1M	20x	as long as short
QFEX MSFT-USDlong	+0.0040%	1h	501.97	long leg	$1.2M	$5.8M	10x
Vest MSFT-USD-PERP	+0.0046%	1h	501.80	−0.034%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.58	−0.078%	$22.3M	$9.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.56	−0.082%	$305K	$681K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.93	−0.008%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.60	−0.074%	$529K	$493K	15x	as long as short
Nado MSFT-PERP	+0.0051%	1h	501.56	−0.082%	$414K	$64K	20x	as long as short
Paradex MSFT-USD-PERP	+0.0063%	8h	501.77	−0.039%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.69	−0.056%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.47	−0.100%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.71	−0.052%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.91	−0.012%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.90	−0.013%	$55	—	10x	as long as short
Hotstuff MSFT-PERPshort	+0.0120%	1h	501.60	−0.074%	$32K	$8K	20x
Lighter MSFT	+0.0176%	1h	502.03	+0.012%	$1.1M	$590K	20x	as long as short
Arcus MSFT-USD	+0.0200%	1h	501.91	−0.012%	$96K	$108K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.34	+0.074%	$115K	$45K	30x	as long as short