MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.018%

Price spread now: Ondo Perps against QFEX−0.048%7-day average −0.077% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.048%, 7d avg −0.077%

Together, before fees+0.013%+ Points / potential airdropOndo Perps: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Ondo Perps is 0.029% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSFT-USD	502.03	0.0040	pay 0.0005% / 1h	20m 21s	$1.1M	$5.8M	10x
Short	Ondo Perps MSFT-USD.P	501.79	0.0050	get 0.0006% / 1h	20m 21s	$529K	$493K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.048%Rate

Funding earned: $2.18
Price spread: −0.048% → −0.077%: $2.9
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$9.91
Costs to cover: 0.150%
Break-even: 38.8 days

Slippage unknown: QFEX: live order book, 3 min ago; Ondo Perps: 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, 3 min ago	16.32 bp	21.3 bp −$21	21.3 bp −$213	26.5 bp −$2,652	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Deribit MSFT_USDC-PERPETUAL	−0.0049%	1h	501.72	−0.062%	$27K	$100K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.17	+0.029%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.08	+0.011%	$337K	$392K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.16	+0.026%	$15.7M	$19.2M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.21	+0.036%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.88	−0.030%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.19	+0.032%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.08	+0.009%	$1.3M	$708K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.12	+0.018%	$19K	$312K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.91	+0.175%	$6K	$4.3M	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	−0.090%	$688K	$449K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.98	−0.010%	$58K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.41	+0.076%	$2.2M	$758K	10x	as long as short
BloFin MSFT-USDT	+0.0006%	8h	502.13	+0.020%	$188K	$210K	20x	as long as short
Hotstuff MSFT-PERP	+0.0008%	1h	501.77	−0.052%	$32K	$8K	20x	as long as short
Nado MSFT-PERP	+0.0014%	1h	501.92	−0.022%	$414K	$64K	20x	as long as short
Bybit MSFTUSDT	+0.0018%	8h	502.17	+0.028%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.05	+0.004%	$652K	$2.1M	20x	as long as short
QFEX MSFT-USDlong	+0.0040%	1h	502.03	long leg	$1.1M	$5.8M	10x
Vest MSFT-USD-PERP	+0.0046%	1h	501.99	−0.008%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.76	−0.054%	$22.3M	$9.7M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.64	−0.078%	$305K	$675K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.06	+0.006%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.Pshort	+0.0050%	1h	501.79	−0.048%	$529K	$493K	15x
Paradex MSFT-USD-PERP	+0.0060%	8h	502.04	+0.002%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.89	−0.028%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.46	−0.114%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.77	−0.052%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.04	+0.002%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.07	+0.008%	$55	—	10x	as long as short
Lighter MSFT	+0.0136%	1h	502.22	+0.038%	$1.1M	$590K	20x	as long as short
edgeX MSFTUSDC	+0.0158%	4h	502.09	+0.011%	$102K	$242K	10x	as long as short
Arcus MSFT-USD	+0.0200%	1h	502.04	+0.002%	$98K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.17	+0.028%	$115K	$45K	30x	as long as short