MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.06 per $10,000 · paid last 24h −0.011%

Price spread now: Nado against QFEX−0.055%7-day average −0.019% · 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−$42as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on QFEX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.052%−$5 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.055%, 7d avg −0.019%

Together, before fees−0.062%+ Points / potential airdropNado: Active · farm board−$6 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 Nado 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 −0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSFT-USD	501.69	0.0044	pay 0.0006% / 1h	36m 14s	$1.1M	$5.9M	10x
Short	Nado MSFT-PERP	501.42	−0.0003	pay 0.0000% / 1h	36m 14s	$414K	$64K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.055%Rate

Funding earned: −$10.02
Price spread: −0.055% → −0.019%: −$3.59
Slippage, 4 orders: −$20.92
Fee QFEX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$51.52
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; Nado: live order book, 37 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, 7 min ago	1.39 bp	6.4 bp −$6	8.2 bp −$82	14.9 bp −$1,490	doesn't fit
Sell Nado live order book, 37 min ago	0.60 bp	14.1 bp −$14	26.2 bp −$262	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	−0.0276%	4h	501.71	+0.004%	$102K	$242K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.50	−0.038%	$679K	$451K	10x	as long as short
Nado MSFT-PERPshort	−0.0003%	1h	501.42	−0.055%	$414K	$64K	20x
Aster MSFTUSDT	0.0000%	8h	501.65	−0.007%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.71	+0.004%	$337K	$927K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.69	0.000%	$15.7M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.58	−0.022%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.96	+0.054%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.46	−0.046%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.76	+0.014%	$3.8M	$2.2M	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	501.74	+0.010%	$1.3M	$690K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.86	+0.034%	$19K	$295K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.57	+0.175%	$6K	$4.2M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.44	−0.050%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.57	−0.024%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.02	+0.066%	$2.2M	$758K	10x	as long as short
BloFin MSFT-USDT	+0.0029%	8h	501.89	+0.040%	$188K	$206K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.56	−0.026%	$619K	$2.0M	20x	as long as short
QFEX MSFT-USDlong	+0.0044%	1h	501.69	long leg	$1.1M	$5.9M	10x
Vest MSFT-USD-PERP	+0.0046%	1h	501.62	−0.014%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.42	−0.054%	$22.3M	$9.1M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.38	−0.062%	$303K	$675K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.72	+0.006%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.08	−0.122%	$527K	$488K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.57	−0.023%	$221	—	5x	as long as short
Hotstuff MSFT-PERP	+0.0064%	1h	501.53	−0.032%	$32K	$8K	20x	as long as short
Phoenix MSFT	+0.0080%	1h	501.66	−0.006%	$10K	$15K	20x	as long as short
Lighter MSFT	+0.0088%	1h	501.75	+0.012%	$1.1M	$486K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.60	−0.018%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.52	−0.034%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.65	−0.008%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.67	−0.004%	$55	—	10x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.64	−0.010%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.40	+0.142%	$115K	$45K	30x	as long as short