MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: QFEX against SoDEX−0.002%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on QFEX

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSFT-USD	502.77	0.0050	pay 0.0006% / 1h	24m 01s	$60K	$3K	10x
Short	QFEX MSFT-USD	502.76	0.0035	get 0.0004% / 1h	24m 01s	$1.2M	$4.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SoDEX. 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 SoDEXbpFee QFEXbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$3.19
Price spread: −0.002% → 0.000%: −$0.2
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$21.39
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; QFEX: live order book, 5 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 5 min ago	1.29 bp	6.7 bp −$7	7.7 bp −$77	13.8 bp −$1,382	doesn't fit

SoDEX: 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
Nado MSFT-PERP	−0.0103%	1h	502.70	−0.013%	$415K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	500.97	−0.358%	$677K	$446K	10x	as long as short
tradeXYZ xyz:MSFT	−0.0008%	1h	502.52	−0.050%	$22.2M	$8.8M	20x	as long as short
BloFin MSFT-USDT	−0.0008%	8h	502.76	−0.002%	$189K	$204K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.68	−0.018%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.83	+0.012%	$339K	$884K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.93	+0.032%	$15.8M	$19.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	502.74	−0.006%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.89	+0.024%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.71	−0.012%	$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	502.89	+0.024%	$4.4M	$2.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.37	−0.079%	$1.3M	$607K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.17	−0.119%	$19K	$297K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	503.68	+0.181%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	502.66	−0.022%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.79	+0.004%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.34	+0.113%	$2.2M	$780K	10x	as long as short
Lighter MSFT	+0.0032%	1h	502.93	+0.032%	$1.1M	$503K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.64	−0.026%	$679K	$2.0M	20x	as long as short
QFEX MSFT-USDshort	+0.0035%	1h	502.76	−0.002%	$1.2M	$4.9M	10x
Arcus MSFT-USD	+0.0040%	1h	502.20	−0.113%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.97	+0.040%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.61	−0.231%	$10K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	502.54	−0.046%	$303K	$705K	10x	as long as short
SoDEX MSFT-USDlong	+0.0050%	1h	502.77	long leg	$60K	$3K	10x
Paradex MSFT-USD-PERP	+0.0050%	8h	502.78	+0.001%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.96	−0.161%	$511K	$461K	15x	as long as short
Hotstuff MSFT-PERP	+0.0056%	1h	502.33	−0.088%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.29	−0.095%	$1.6M	$55K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	502.18	−0.117%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.68	−0.018%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.71	−0.011%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.14	−0.125%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0614%	4h	502.32	−0.090%	$102K	$242K	10x	as long as short